ARROWHEAD PHARMACEUTICALS, INC.
Business
Arrowhead Pharmaceuticals develops RNA interference therapies that silence disease-causing genes using its proprietary TRiM platform and diverse RNA chemistries. The company offers REDEMPLO (plozasiran), its first FDA-approved product for familial chylomicronemia syndrome, and maintains a clinical pipeline of 18 drug candidates spanning dyslipidemia, liver disease, obesity, neurological disorders, and immune-mediated conditions. Arrowhead operates through wholly-owned programs and collaborations with major pharmaceutical partners including Takeda, Amgen, GSK, Sarepta, and Novartis, with geographic focus on the United States and European markets.
Summary from 10-K filed 2025-11-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Revenue | 829 | 4 | 241 | 243 | 138 | |
| Research and development | 607 | 506 | 353 | — | — | |
| General and administrative | 124 | 99 | 93 | 124 | 81 | |
| Total operating expenses | 731 | 605 | 446 | 422 | 287 | |
| Operating income (loss) | 98 | −601 | −205 | −179 | −149 | |
| Interest income | 37 | 23 | 15 | 5 | 6 | |
| Interest expense | −89 | −32 | −18 | 0 | — | |
| Other, net | 5 | −2 | 2 | 765,000 | 2 | |
| Total other expense | −47 | −11 | −1 | 6 | 8 | |
| Income (loss) before income tax expense and noncontrolling interest | 52 | −612 | −206 | −173 | −141 | |
| Income tax expense (benefit) | 21 | −3 | 3 | 4 | 2,000 | |
| Net income (loss) including noncontrolling interest | 30 | −610 | −209 | −176 | −141 | |
| Net income (loss) attributable to noncontrolling interest, net of tax | 32 | −10 | −4 | −431,000 | 0 | |
| Net loss attributable to Arrowhead Pharmaceuticals, Inc. | −2 | −599 | −205 | −176 | −141 | |
| Basic (in dollars per share) | −0.01 | −5 | −1.92 | −1.67 | −1.36 | |
| Diluted (in dollars per share) | −0.01 | −5 | −1.92 | −1.67 | −1.36 | |
| Basic (in shares) | 134 | 120 | 107 | 105 | 104 | |
| Diluted (in shares) | 134 | 120 | 107 | 105 | 104 | |
| Unrealized gains (losses) on available-for-sale securities | 2 | 4 | −3 | 0 | 0 | |
| Foreign currency translation adjustments | −432,000 | 4 | −122,000 | −67,000 | −87,000 | |
| Comprehensive income (loss) attributed to noncontrolling interest | 32 | −10 | −4 | — | — | |
| Other comprehensive income (loss) | 32 | −602 | −212 | −177 | −141 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Cash, cash equivalents and restricted cash | 227 | 103 | 111 | 108 | 184 | |
| Accounts receivable | 7 | 0 | 0 | 1 | 10 | |
| Available-for-sale securities, at fair value | 693 | 578 | 293 | 0 | — | |
| Prepaid expenses | 11 | 10 | 9 | 7 | 4 | |
| Other current assets | 14 | 5 | 4 | 20 | 2 | |
| Total current assets | 951 | 695 | 416 | 405 | 385 | |
| Property, plant and equipment, net | 383 | 386 | 290 | 110 | 49 | |
| Intangible assets, net | 7 | 9 | 10 | 12 | 14 | |
| Right-of-use assets | 44 | 45 | 45 | 58 | 17 | |
| Other assets | 1 | 4 | 3 | 218,000 | 272,000 | |
| Total Assets | 1,385 | 1,140 | 766 | 692 | 710 | |
| Accounts payable | 18 | 11 | 36 | 3 | 9 | |
| Accrued expenses | 90 | 63 | 40 | 47 | 14 | |
| Accrued payroll and benefits | 27 | 22 | 18 | 12 | 10 | |
| Lease liabilities | 7 | 6 | 11 | 3 | 2 | |
| Deferred revenue | 2 | 0 | 866,000 | 74 | 111 | |
| Credit facility | 40 | 0 | — | — | — | |
| Other liabilities | 11 | 432,000 | 435,000 | 0 | — | |
| Total current liabilities | 195 | 103 | 105 | 139 | 147 | |
| Lease liabilities, net of current portion | 104 | 111 | 105 | 79 | 23 | |
| Liability related to the sale of future royalties | 367 | 341 | 268 | 0 | — | |
| Credit facility, net of current portion | 215 | 393 | 0 | — | — | |
| Total long-term liabilities | 686 | 846 | 373 | 135 | 155 | |
| Commitments and contingencies (Note 7) | — | — | — | — | — | |
| Common stock, $0.001 par value: Authorized 290,000 shares; issued and outstanding 135,702 and 124,376 shares at September 30, 2025 and 2024, respectively | 231,000 | 217,000 | 200,000 | 198,000 | 197,000 | |
| Additional paid-in capital | 2,140 | 1,806 | 1,300 | 1,219 | 1,053 | |
| Accumulated other comprehensive income | 6 | 5 | −3 | −136,000 | −69,000 | |
| Accumulated deficit | −1,627 | −1,626 | −1,026 | −821 | −645 | |
| Treasury stock; at cost; 2,661 and 0 shares of common stock at September 30, 2025 and 2024, respectively | −53 | 0 | — | — | — | |
| Total Arrowhead Pharmaceuticals, Inc. stockholders' equity | 466 | 185 | 271 | 399 | 409 | |
| Noncontrolling interest | 37 | 6 | 16 | 20 | 0 | |
| Total noncontrolling interest and stockholders' equity | 503 | 191 | 287 | 418 | 409 | |
| Total Liabilities, Noncontrolling Interest and Stockholders' Equity | 1,385 | 1,140 | 766 | 692 | 710 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-09-30 | FY 2024 2024-09-30 | FY 2023 2023-09-30 | FY 2022 2022-09-30 | FY 2021 2021-09-30 |
|---|---|---|---|---|---|---|
| Stock-based compensation | 63 | 74 | 78 | 121 | 77 | |
| Depreciation and amortization | 24 | 19 | 12 | 10 | 8 | |
| Accretion of note premiums/discounts | −6 | −3 | −2 | 3 | 266,000 | |
| Non-cash interest expense on liability related to the sale of future royalties | 26 | 23 | 18 | — | — | |
| Non-cash interest expense on credit facility | 63 | 9 | 0 | 0 | — | |
| Non-cash gain on treasury stock received | −3 | 0 | 0 | — | — | |
| Realized loss on investments | 0 | 80,000 | 0 | 4 | — | |
| Accounts receivable | −57 | 0 | 1 | 9 | −9 | |
| Prepaid expenses and other current assets | −10 | −2 | 12 | −19 | −360,000 | |
| Accounts payable | 6 | −6 | 33 | −7 | 3 | |
| Accrued expenses | 41 | 32 | −15 | 18 | 10 | |
| Deferred revenue | 2 | −866,000 | −129 | −113 | 223 | |
| Operating lease, net | −5 | 2 | 47 | 13 | 3 | |
| Other | 3 | −1 | 0 | — | — | |
| Net cash provided by (used in) operating activities | 180 | −463 | −154 | −136 | 171 | |
| Purchases of property, plant and equipment | −23 | −141 | −177 | −53 | −24 | |
| Purchases of investments | −796 | −721 | −246 | −223 | −241 | |
| Proceeds from sales and maturities of investments | 690 | 442 | 327 | 271 | 123 | |
| Net cash used in investing activities | −129 | −420 | −96 | −5 | −142 | |
| Proceeds from the exercises of stock options | 4 | 2 | 3 | 5 | 11 | |
| Proceeds from the issuance of common stock, net of offering costs | 241 | 429 | 0 | 0 | 0 | |
| Proceeds from the sale of future royalties | 0 | 50 | 250 | 0 | 0 | |
| Proceeds from the issuance of warrants | 25 | 0 | 0 | — | — | |
| Payment of debt issuance costs | −5 | −3 | 0 | 0 | — | |
| Proceeds from credit facility | 0 | 392 | 0 | 0 | — | |
| Repayments of credit facility | −202 | 0 | 0 | — | — | |
| Proceeds from Visirna credit agreement | 10 | 0 | 0 | — | — | |
| Net cash provided by financing activities | 74 | 871 | 253 | 65 | 11 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 124 | −12 | 3 | −76 | 41 | |
| Effect of exchange rate on cash, cash equivalents and restricted cash | −401,000 | 4 | −122,000 | −67,000 | −88,000 | |
| Interest paid | −19,000 | 0 | 0 | 0 | 0 | |
| Income taxes (refund) paid | 814,000 | −4 | 0 | −2,000 | −2,000 | |
| Treasury stock received to settle accounts receivable | 50 | 0 | 0 | — | — | |
| Capital expenditures included in accrued expenses | 277,000 | 4 | 14 | 18 | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ARROWHEAD PHARMACEUTICALS, INC.'s CIK number?
ARROWHEAD PHARMACEUTICALS, INC.'s SEC CIK number is 0000879407 (879407). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ARROWHEAD PHARMACEUTICALS, INC.'s SEC filings?
All of ARROWHEAD PHARMACEUTICALS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ARROWHEAD PHARMACEUTICALS, INC. last report earnings?
ARROWHEAD PHARMACEUTICALS, INC. (ARWR) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000879407-26-000045). This is ARROWHEAD PHARMACEUTICALS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ARROWHEAD PHARMACEUTICALS, INC.'s most recent earnings 8-K?
ARROWHEAD PHARMACEUTICALS, INC.'s latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0000879407-26-000045. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ARROWHEAD PHARMACEUTICALS, INC.'s latest earnings 8-K →
Look up any company's CIK number →