ARROWHEAD PHARMACEUTICALS, INC.
For the period ended Mar 31, 2026. Filed May 7, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 7, 2026
ARWR$49.00-0.5%Stored close · as of Nov 10, 2026
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Consolidated Statements of Operations and Comprehensive (Loss) Income
(in thousands, except per share amounts)
| Three Months Ended March 31, | Six Months Ended March 31, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Revenue | $73,737 | $542,709 | $337,770 | $545,209 |
| Operating expenses: | ||||
| Research and development | 173,253 | 133,102 | 350,456 | 270,104 |
| Selling, general and administrative | 41,744 | 28,405 | 87,765 | 55,315 |
| Total operating expenses | 214,997 | 161,507 | 438,221 | 325,419 |
| Operating (loss) income | (141,260) | 381,202 | (100,451) | 219,790 |
| Other income (expense): | ||||
| Interest income | 16,869 | 9,615 | 26,560 | 17,217 |
| Interest expense | (23,846) | (21,639) | (46,351) | (43,285) |
| Loss on equity method investment | (6,719) | — | (6,719) | — |
| Gain on VIE's sale of IPR&D assets | 19,000 | — | 19,000 | — |
| Other, net | (1,609) | 438 | (1,332) | 779 |
| Total other income (expense) | 3,695 | (11,586) | (8,842) | (25,289) |
| (Loss) income before income tax expense and noncontrolling interest | (137,565) | 369,616 | (109,293) | 194,501 |
| Income tax expense | 7 | 1,753 | 35 | 1,856 |
| Net (loss) income including noncontrolling interest | $(137,572) | $367,863 | $(109,328) | $192,645 |
| Net loss attributable to noncontrolling interest, net of tax | (4,840) | (2,582) | (7,409) | (4,715) |
| Net (loss) income attributable to Arrowhead Pharmaceuticals, Inc. | $(132,732) | $370,445 | $(101,919) | $197,360 |
| Net (loss) income per share attributable to Arrowhead Pharmaceuticals, Inc.: | ||||
| Basic | $(0.93) | $2.78 | $(0.73) | $1.53 |
| Diluted | $(0.93) | $2.75 | $(0.73) | $1.52 |
| Weighted-average shares used in calculating | ||||
| Basic | 142,417 | 133,363 | 139,762 | 129,059 |
| Diluted | 142,417 | 134,484 | 139,762 | 130,265 |
| Comprehensive (loss) income: | ||||
| Net (loss) income including noncontrolling interest | $(137,572) | $367,863 | $(109,328) | $192,645 |
| Other comprehensive (loss) income, net of tax: | ||||
| Unrealized (losses) gains on available-for-sale securities | (6,934) | 653 | (6,788) | 146 |
| Foreign currency translation adjustments | 990 | (400) | 1,100 | (506) |
| Total other comprehensive (loss) income | (5,944) | 253 | (5,688) | (360) |
| Comprehensive (loss) income | (143,516) | 368,116 | (115,016) | 192,285 |
| Comprehensive loss attributable to noncontrolling interest | (4,425) | (2,582) | (6,966) | (4,715) |
| Comprehensive (loss) income attributable to Arrowhead Pharmaceuticals, Inc. | $(139,091) | $370,698 | $(108,050) | $197,000 |
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