ARROWHEAD PHARMACEUTICALS INC
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
View on SEC.govAbout this filing
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.
Jun 30, 2024 · Filed Aug 8, 2024
ARWR$49.00-0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except per share amounts)
| Three Months Ended June 30, | Nine Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Revenue | $— | $15,825 | $3,551 | $224,638 |
| Operating expenses: | ||||
| Research and development | 152,431 | 94,757 | 370,044 | 253,333 |
| General and administrative | 23,710 | 23,771 | 72,384 | 67,977 |
| Total operating expenses | 176,141 | 118,528 | 442,428 | 321,310 |
| Operating loss | (176,141) | (102,703) | (438,877) | (96,672) |
| Other income (expense): | ||||
| Interest income | 6,498 | 4,172 | 15,550 | 11,414 |
| Interest expense | (5,094) | (5,158) | (17,705) | (13,064) |
| Other, net | 760 | 306 | 1,370 | 821 |
| Total other income (expense) | 2,164 | (680) | (785) | (829) |
| Loss before income tax expense (benefit) and noncontrolling interest | (173,977) | (103,383) | (439,662) | (97,501) |
| Income tax expense (benefit) | — | 742 | (3,313) | 759 |
| Net loss including noncontrolling interest | (173,977) | (104,125) | $(436,349) | $(98,260) |
| Net loss attributable to noncontrolling interest, net of tax | (3,184) | (1,179) | (7,392) | (2,664) |
| Net loss attributable to Arrowhead Pharmaceuticals, Inc. | $(170,793) | $(102,946) | $(428,957) | $(95,596) |
| Net loss per share attributable to Arrowhead Pharmaceuticals, Inc.: | ||||
| Basic | $(1.38) | $(0.96) | $(3.63) | $(0.90) |
| Diluted | $(1.38) | $(0.96) | $(3.63) | $(0.90) |
| Weighted-average shares used in calculating | ||||
| Basic | 124,199 | 107,004 | 118,260 | 106,597 |
| Diluted | 124,199 | 107,004 | 118,260 | 106,597 |
| Other comprehensive loss, net of tax: | ||||
| Change in unrealized losses on available-for-sale securities | 249 | — | 2,374 | — |
| Foreign currency translation adjustments | (141) | (79) | (139) | (275) |
| Comprehensive loss | $(173,869) | $(104,204) | $(434,114) | $(98,535) |
Consolidated Statements of Stockholders’ Equity
(In thousands)
| CommonStock · Amount ($) · AdditionalPaid-InCapital · Accumulated Other Comprehensive Loss · AccumulatedDeficit · Non-controlling Interest · Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at September 30, 2023 | 107,312 | $200 | $1,300,395 | $(3,222) | $(1,026,030) | $15,819 | $287,162 | ||||
| Stock-based compensation | — | — | 19,694 | — | — | — | 19,694 | ||||
| Exercise of stock options | 34 | — | 267 | — | — | — | 267 | ||||
| Common stock - restricted stock units vesting | 154 | — | — | — | — | — | — | ||||
| Foreign currency translation adjustments | — | — | — | 58 | — | — | 58 | ||||
| Change in unrealized losses on available-for-sale securities | — | — | — | 1,909 | — | — | 1,909 | ||||
| Net loss | — | — | — | — | (132,864) | (2,512) | (135,376) | ||||
| Balance at December 31, 2023 | 107,500 | $200 | $1,320,356 | $(1,255) | $(1,158,894) | $13,307 | $173,714 | ||||
| Stock-based compensation | — | — | 17,750 | — | — | — | 17,750 | ||||
| Exercise of stock options | 120 | — | 1,512 | — | — | — | 1,512 | ||||
| Common stock - restricted stock units vesting | 723 | 1 | (1) | — | — | — | — | ||||
| Common stock issued, net of offering costs | 15,790 | 16 | 429,249 | — | — | — | 429,265 | ||||
| Foreign currency translation adjustments | — | — | — | (56) | — | — | (56) | ||||
| Change in unrealized losses on available-for-sale securities | — | — | — | 216 | — | — | 216 | ||||
| Net loss | — | — | — | — | (125,300) | (1,696) | (126,996) | ||||
| Balance at March 31, 2024 | 124,133 | $217 | $1,768,866 | $(1,095) | $(1,284,194) | $11,611 | $495,405 | ||||
| Stock-based compensation | — | — | 17,050 | — | — | — | 17,050 | ||||
| Exercise of stock options | 43 | — | 388 | — | — | — | 388 | ||||
| Common stock - restricted stock units vesting | 51 | — | — | — | — | — | — | ||||
| Foreign currency translation adjustments | — | — | (141) | — | — | (141) | |||||
| Change in unrealized losses on available-for-sale securities | — | — | — | 249 | — | — | 249 | ||||
| Net loss | — | — | — | — | (170,793) | (3,184) | (173,977) | ||||
| Balance at June 30, 2024 | 124,227 | $217 | $1,786,304 | $(987) | $(1,454,987) | $8,427 | $338,974 | ||||
| CommonStock | Amount ($) | AdditionalPaid-InCapital | Accumulated Other Comprehensive Loss | AccumulatedDeficit | Non-controlling Interest | Total | |
|---|---|---|---|---|---|---|---|
| Balance at September 30, 2022 | 105,960 | $198 | $1,219,213 | $(136) | $(820,755) | $19,819 | $418,339 |
| Stock-based compensation | — | — | 19,390 | — | — | — | 19,390 |
| Exercise of stock options | 82 | — | 576 | — | — | — | 576 |
| Common stock - restricted stock units vesting | 98 | 1 | (1) | — | — | — | — |
| Foreign currency translation adjustments | — | — | — | (122) | — | — | (122) |
| Net loss | — | — | — | — | (41,325) | (486) | (41,811) |
| Balance at December 31, 2022 | 106,140 | $199 | $1,239,178 | $(258) | $(862,080) | $19,333 | $396,372 |
| Stock-based compensation | — | — | 20,612 | — | — | — | 20,612 |
| Exercise of stock options | 64 | — | 520 | — | — | — | 520 |
| Common stock - restricted stock units vesting | 665 | — | — | — | — | — | — |
| Foreign currency translation adjustments | — | — | — | (74) | — | — | (74) |
| Net income | — | — | — | — | 48,675 | (999) | 47,676 |
| Balance at March 31, 2023 | 106,869 | $199 | $1,260,310 | $(332) | $(813,405) | $18,334 | $465,106 |
| Stock-based compensation | — | — | 19,947 | — | — | — | 19,947 |
| Exercise of stock options | 198 | — | 1,136 | — | — | — | 1,136 |
| Common stock - restricted stock units vesting | 35 | — | — | — | — | — | — |
| Foreign currency translation adjustments | — | — | — | (79) | — | — | (79) |
| Net loss | — | — | — | — | (102,946) | (1,179) | (104,125) |
| Balance at June 30, 2023 | 107,102 | $199 | $1,281,393 | $(411) | $(916,351) | $17,155 | $381,985 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.