Heron Therapeutics, Inc.
HRTX Healthcare Biotechnology
Heron Therapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $154.9 million, up 7.36% from fiscal 2024. In the quarter to June 2026, revenue grew 1.25%, EPS fell 93.6%, free cash flow grew 78.8% and total debt fell 18.5%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
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Heron Therapeutics, Inc. (HRTX) EV/Sales
As of 16 October 2026, Heron Therapeutics, Inc. (HRTX) trades at a EV/Sales of 1.1×. Over the past ten years it has ranged from 0.0× (March 2017) to 159× (April 2017); the current reading is higher than 21% of that period. That is below the Biotechnology industry median of 9.2× and below the Healthcare sector median of 3.4×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 2.0× | (17.00%) |
| FY2024 | 2.4× | (13.37%) |
| FY2023 | 2.8× | (8.70%) |
| FY2022 | 3.1× | (70.37%) |
| FY2021 | 10.3× | (47.09%) |
| FY2020 | 19.5× | 84.39% |
| FY2019 | 10.6× | (48.53%) |
| FY2018 | 20.5× | (25.86%) |
| FY2017 | 27.7× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 1.2× | (27.07%) |
| Mar 2026 | 1.6× | (17.78%) |
| Dec 2025 | 2.0× | 4.12% |
| Sep 2025 | 1.9× | (36.36%) |
| 34 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ACRV Acrivon Therapeutics, Inc. compare | n/m |
| OKYO OKYO Pharma Limited Sponsored ADR compare | n/m |
| MAIA MAIA Biotechnology, Inc. compare | n/m |
| PDSB PDS Biotechnology Corporation compare | n/m |
| CGTX Cognition Therapeutics, Inc. compare | n/m |
| HRTX Heron Therapeutics, Inc. | 1.1× |
| NTRB Nutriband Inc. compare | 44.7× |
| MNOV MediciNova, Inc. compare | 48.3× |
| CRDF Cardiff Oncology, Inc. compare | 57.3× |
| Biotechnology industry median | 9.2× |
| Healthcare sector median | 3.4× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)