Heron Therapeutics, Inc.

Heron Therapeutics, Inc.

HRTXยทNASDAQ

$0.45

-1.3%
HealthcareBiotechnology

Heron Therapeutics, Inc., a biotechnology company, engages in developing treatments to address unmet patient needs. The company's product candidates utilize its proprietary Biochronomer, a drug delivery technology, which delivers therapeutic levels of a range of short-acting pharmacological agents over a period from days to weeks with a single administration. It offers SUSTOL (granisetron), an extended-release injection for the prevention of acute and delayed nausea and vomiting associated with moderately emetogenic chemotherapy, or anthracycline and cyclophosphamide combination chemotherapy regimens; and CINVANTI, an intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist for the prevention of acute and delayed nausea and vomiting associated with highly emetogenic cancer chemotherapy, as well as nausea and vomiting associated with moderately emetogenic cancer chemotherapy. The company is also developing ZYNRELEF, a dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low dose of the nonsteroidal anti-inflammatory drug meloxicam; HTX-019, an investigational agent for the prevention of postoperative nausea and vomiting; and HTX-034 for postoperative pain management, as well as is in Phase Ib/II clinical study in patients undergoing bunionectomy. The company was formerly known as A.P. Pharma, Inc. and changed its name to Heron Therapeutics, Inc. in January 2014. Heron Therapeutics, Inc. was founded in 1983 and is headquartered in San Diego, California.

At a Glance

Live Snapshot
Market Cap$70.57M
EPS-0.1200
P/E Ratio-3.72
Earnings Date08/11/2026
3Y-81.0%
5Y-85.0%
10Y-79.0%
3Y-582.0%
5Y-92.0%
10Y+8.0%
3Y-81.0%
5Y+58.0%
10Y-75.0%
HRTX

Heron Therapeutics, Inc. Cash Conversion Engine

HRTX ยท NASDAQ
Net Income-20.20M
Depreciation & Amortization2.31M
Stock-Based Compensation10.34M
Change in Working Capital-31.88M
Others11.83M
Capital Expenditures-317.00K
Free Cash Flow-27.91M

Cash Flow Quality Analysis

FCF Conversion Rate

138.2%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

-1.1%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-15.2%

Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.

Working Capital Impact

-$31.88M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Heron Therapeutics, Inc. Cash Flow Statement

HRTX โ€ข NASDAQ

Heron Therapeutics, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
-20.2M
-13.6M
-110.6M
-182M
-220.7M
-227.3M
-204.7M
-178.8M
-197.5M
-173.1M
-97.6M
-76.4M
-55.3M
-24.4M
379K
-7.2M
-10.1M
-22.9M
-20.2M
5.3M
2.3M
2.5M
2.9M
2.9M
3M
2.8M
2M
1.5M
1.5M
1.1M
734K
578K
333K
197K
179K
227K
356K
412K
289K
-244K
0.0
0.0
0.0
0.0
1.6M
972K
-3.6M
-3.3M
-239K
283K
-29K
922K
0.0
0.0
103K
-150K
17K
-200K
0.0
0.0
10.3M
13M
32.9M
43M
46.9M
50.2M
51.4M
33.4M
30.5M
26M
14.4M
8.1M
10.9M
5.7M
1.9M
1.7M
1.1M
1.1M
0.0
0.0
11.8M
3.2M
-773K
-251K
904K
1.4M
1.1M
890K
773K
689K
624K
573K
533K
389K
-11.8M
154K
36K
304K
501K
665K
-31.9M
-27.6M
16.8M
-10.5M
-35.1M
-13M
29.2M
-45.4M
-5.4M
11M
3.4M
5.9M
2.8M
1.1M
1.5M
-267K
-2.4M
-3M
2.1M
3.5M
-27.6M
-22.5M
-58.8M
-146.9M
-203.4M
-184.8M
-124.6M
-191.8M
-170.3M
-134.1M
-78.5M
-60.3M
-40.8M
-17M
-7.7M
-5.5M
-11M
-24.3M
-17.3M
9.2M
INVESTING ACTIVITIES
-317K
-1.7M
-1.5M
-1.8M
-3M
-6.8M
-7.2M
-9.2M
-2.6M
-3.1M
-1.1M
-1.4M
-1.7M
-972K
-513K
-78K
-2K
-298K
-481K
-187K
(0.0)
(27K)
(13K)
(227K)
(32K)
(0.0)
-25K
(25K)
(78K)
(0.0)
(241K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-50.8M
-103.1M
-87.7M
-145.7M
-129.2M
-134M
-477M
-497.1M
-121.6M
-43.3M
-56.1M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-14.7M
67M
123.5M
107.2M
144M
164.9M
349.8M
462.4M
227.7M
131.8M
61.3M
0.0
0.0
0.0
0.0
0.0
0.0
614K
976K
11.7M
7.2M
98K
0.0
0.0
0.0
0.0
0.0
25K
25K
78K
18M
241K
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
(16M)
(18.7M)
(18M)
-3.3M
(32.7M)
(209M)
-21.8M
-278.6M
(7.7M)
(14.9M)
-57M
-1.4M
-1.7M
-972K
-513K
-78K
(612K)
(678K)
(11.2M)
-7.7M
FINANCING ACTIVITIES
19.3M
940K
29.8M
75.1M
7.1M
9.1M
162.2M
363.1M
306.3M
0.0
128.2M
58.9M
57.8M
50.5M
22.8M
0.0
8M
51K
37.3M
79K
145.1M
0.0
24.4M
0.0
149M
26K
0.0
0.0
-25M
50M
0.0
0.0
0.0
3M
1.3M
0.0
0.0
0.0
0.0
0.0
-150M
0.0
0.0
0.0
0.0
0.0
24.3M
357.6M
12.5M
7.5M
9.8M
3.2M
3.4M
22K
15K
77K
20K
3K
0.0
0.0
14.4M
940K
54.1M
75.1M
156M
9.1M
186.4M
357.6M
293.7M
57.5M
138M
62.1M
61.2M
53.5M
24.1M
77K
8M
54K
37.3M
79K
CASH FLOW SUMMARY
2.8M
-2.9M
13.3M
-75.2M
-14.6M
33.2M
40.1M
-112.7M
131.2M
-61.8M
2.5M
388K
18.8M
35.5M
15.9M
-5.5M
-2.4M
-23.5M
31.2M
1.5M
25.8M
28.7M
15.4M
90.5M
105.1M
71.9M
31.8M
144.6M
13.4M
75.2M
72.7M
72.3M
53.5M
18M
2.1M
7.6M
10M
33.5M
2.3M
790K
28.6M
25.8M
28.7M
15.4M
90.5M
105.1M
71.9M
31.8M
144.6M
13.4M
75.2M
72.7M
72.3M
53.5M
18M
2.1M
7.6M
10M
33.5M
2.3M
-27.9M
-24.2M
-60.3M
-148.7M
-206.4M
-191.6M
-131.7M
-201M
-172.9M
-137.2M
-79.6M
-61.7M
-42.4M
-18M
-8.2M
-5.6M
-11M
-24.6M
-17.8M
9M

SEC Filings

HRTX - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

June 02, 2026
June 02, 2026
2026
10-Q

10-Q 2026 Q1

Q1

May 11, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 30, 2026
April 30, 2026
2026
8-K

8-K 2026

N/A

April 06, 2026
April 03, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

January 09, 2026
January 09, 2026
2026
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
Showing 1 to 10 of 530 filings