ARROWHEAD PHARMACEUTICALS INC
For the period ended Mar 31, 2025. Filed May 12, 2025.
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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, 2025 · Filed May 12, 2025
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 Income (Loss)
(in thousands, except per share amounts)
| Three Months Ended March 31, | Six Months Ended March 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | $542,709 | $— | $545,209 | $3,551 |
| Operating expenses: | ||||
| Research and development | 133,102 | 101,122 | 270,104 | 217,613 |
| General and administrative | 28,405 | 25,069 | 55,315 | 48,674 |
| Total operating expenses | 161,507 | 126,191 | 325,419 | 266,287 |
| Operating income (loss) | 381,202 | (126,191) | 219,790 | (262,736) |
| Other income (expense): | ||||
| Interest income | 9,615 | 6,250 | 17,217 | 9,052 |
| Interest expense | (21,639) | (7,244) | (43,285) | (12,611) |
| Other, net | 438 | 189 | 779 | 610 |
| Total other expense | (11,586) | (805) | (25,289) | (2,949) |
| Income (loss) before income tax expense and noncontrolling interest | 369,616 | (126,996) | 194,501 | (265,685) |
| Income tax expense (benefit) | 1,753 | — | 1,856 | (3,313) |
| Net income (loss) including noncontrolling interest | $367,863 | $(126,996) | $192,645 | $(262,372) |
| Net loss attributable to noncontrolling interest, net of tax | (2,582) | (1,696) | (4,715) | (4,208) |
| Net income (loss) attributable to Arrowhead Pharmaceuticals, Inc. | $370,445 | $(125,300) | $197,360 | $(258,164) |
| Net income (loss) per share attributable to Arrowhead Pharmaceuticals, Inc.: | ||||
| Basic | $2.78 | $(1.02) | $1.53 | $(2.24) |
| Diluted | $2.75 | $(1.02) | $1.52 | $(2.24) |
| Weighted-average shares used in calculating | ||||
| Basic | 133,363 | 123,285 | 129,059 | 115,307 |
| Diluted | 134,484 | 123,285 | 130,265 | 115,307 |
| Other comprehensive income (loss), net of tax: | ||||
| Unrealized gains on available-for-sale securities | 653 | 216 | 146 | 2,125 |
| Foreign currency translation adjustments | (400) | (56) | (506) | 2 |
| Comprehensive income (loss) | $368,116 | $(126,836) | $192,285 | $(260,245) |
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