Arrowhead Pharmaceuticals, Inc. logo

Arrowhead Pharmaceuticals, Inc.

ARWR

NASDAQHealthcareBiotechnology

Latest quote

$87.14

−$0.36 · -0.41%

Aug 21, 3:55 PM ET

ARWR company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

71

Undervalued

Momentum

68

Gaining

Sentiment

47

Mixed

Risk resilience

56

Elevated Risk

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Company profile

Company website

Arrowhead Pharmaceuticals, Inc., founded in 1989 and based in Pasadena, California, is a biopharmaceutical company dedicated to discovering and advancing innovative treatments for complex and challenging-to-treat diseases within the United States. The company's extensive therapeutic pipeline primarily leverages RNA interference (RNAi) technology. Among its advanced clinical programs are: ARO-AAT, a Phase II therapeutic targeting liver diseases associated with alpha-1 antitrypsin deficiency; ARO-APOC3, which is undergoing both Phase 2b and Phase 3 clinical evaluations for hypertriglyceridemia; ARO-ANG3, currently in Phase 2b development to reduce the production of angiopoietin-like protein 3; and ARO-HIF2, a Phase 1b candidate designed to treat clear cell renal cell carcinoma. Arrowhead also has several compounds in earlier clinical development, including ARO-HSD in Phase 1/2a for other liver diseases, ARO-ENaC in Phase 1/2a, aimed at decreasing the epithelial sodium channel alpha subunit in lung airways, and ARO-C3, also in Phase 1/2a, for complement-mediated diseases. Further expanding its diverse portfolio, the company is actively developing ARO-Lung2 for chronic obstructive pulmonary disorder (COPD), ARO-DUX4 for facioscapulohumeral muscular dystrophy, ARO-XDH for uncontrolled gout, and ARO-COV for COVID-19 and other pulmonary-borne pathogens. Beyond its core internal programs, Arrowhead is involved in the progression of JNJ-3989, a subcutaneously administered RNAi therapeutic for chronic hepatitis B virus infection; Olpasiran, intended to reduce apolipoprotein A production; and ARO-AMG1, which targets genetically validated cardiovascular pathways. Strategic collaborations are integral to Arrowhead's development efforts. The company holds a licensing and research agreement with Janssen Pharmaceuticals, Inc. for the co-development of ARO-JNJ1, ARO-JNJ2, and ARO-JNJ3, all RNAi therapeutics focused on liver-expressed targets. Additionally, Arrowhead has a licensing and research partnership with Takeda Pharmaceuticals U.S.A., Inc. to develop an RNAi therapeutic candidate specifically for liver disease.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Christopher R. Anzalone
Listed since
Dec 16, 1993
Employees
711

Market position

Volume
1.09M
0.54× average
Average volume
2M
Average daily volume
Market cap
12.27B USD
Beta
1.29
Market reference 1

Financials

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends1803%-5008%-11819%-18630%Gross margin, FY2021: 100.00%Gross margin, FY2022: 95.72%Gross margin, FY2023: 94.81%Gross margin, FY2024: -423.66%Gross margin, FY2025: 100.00%Operating margin, FY2021: -107.77%Operating margin, FY2022: -73.39%Operating margin, FY2023: -85.16%Operating margin, FY2024: -16927.06%Operating margin, FY2025: 11.86%Net margin, FY2021: -101.85%Net margin, FY2022: -72.39%Net margin, FY2023: -85.27%Net margin, FY2024: -16882.37%Net margin, FY2025: -0.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 95.72%. Gross margin FY2023 94.81%. Gross margin FY2024 -423.66%. Gross margin FY2025 100.00%. Operating margin FY2021 -107.77%. Operating margin FY2022 -73.39%. Operating margin FY2023 -85.16%. Operating margin FY2024 -16927.06%. Operating margin FY2025 11.86%. Net margin FY2021 -101.85%. Net margin FY2022 -72.39%. Net margin FY2023 -85.27%. Net margin FY2024 -16882.37%. Net margin FY2025 -0.20%.

Income trends

Revenue

829.45M USD+23258.15%

Operating income

98.35M USD+699.43M USD

Net income

−1.63M USD+99.73%
Income trends across reported periods972.5M USD400.29M USD−171.92M USD−744.13M USDRevenue, FY2021: 138.29M USDRevenue, FY2022: 243.23M USDRevenue, FY2023: 240.74M USDRevenue, FY2024: 3.55M USDRevenue, FY2025: 829.45M USDOperating income, FY2021: −149.04M USDOperating income, FY2022: −178.51M USDOperating income, FY2023: −205M USDOperating income, FY2024: −601.08M USDOperating income, FY2025: 98.35M USDNet income, FY2021: −140.85M USDNet income, FY2022: −176.06M USDNet income, FY2023: −205.28M USDNet income, FY2024: −599.49M USDNet income, FY2025: −1.63M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 138.29M USD. Revenue FY2022 243.23M USD. Revenue FY2023 240.74M USD. Revenue FY2024 3.55M USD. Revenue FY2025 829.45M USD. Operating income FY2021 −149.04M USD. Operating income FY2022 −178.51M USD. Operating income FY2023 −205M USD. Operating income FY2024 −601.08M USD. Operating income FY2025 98.35M USD. Net income FY2021 −140.85M USD. Net income FY2022 −176.06M USD. Net income FY2023 −205.28M USD. Net income FY2024 −599.49M USD. Net income FY2025 −1.63M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue829.45M USD3.55M USD240.74M USD243.23M USD138.29M USD
Cost of goods sold18.6M USD12.49M USD10.42M USD
Gross profit829.45M USD−15.04M USD228.24M USD232.81M USD138.29M USD
Research and development607.16M USD489.22M USD342.31M USD288.5M USD206.34M USD
Selling, general, and administrative121.92M USD96.82M USD90.93M USD124.43M USD80.98M USD
Operating expenses731.1M USD586.04M USD433.24M USD411.32M USD287.32M USD
Interest income37.29M USD22.72M USD15.3M USD5.03M USD6.12M USD
Interest expense89.36M USD32.35M USD18.33M USD
Depreciation and amortization23.93M USD18.6M USD12.49M USD10.42M USD8.27M USD
Operating income98.35M USD−601.08M USD−205M USD−178.51M USD−149.04M USD
Net income−1.63M USD−599.49M USD−205.28M USD−176.06M USD−140.85M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
18%
2 beats, 9 misses, 0 met estimates
Average EPS surprise
+224.89%
11 comparable reports
Latest EPS result
-1.36
Estimate -1.28 · Miss by 6.25%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.091.44-0.21-1.87Q1 '25MissQ2 '25BeatQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual -1.39, estimate -0.42, surprise -230.95%, Miss. Q2 2025, reported May 12, 2025: actual 2.75, estimate -0.06, surprise +4683.33%, Beat. Q3 2025, reported Aug 7, 2025: actual -1.26, estimate -0.94, surprise -34.04%, Miss. Q4 2025, reported Nov 25, 2025: actual -0.18, estimate -0.112, surprise -61.33%, Miss. Q1 2026, reported Feb 5, 2026: actual 0.22, estimate 0.6, surprise -63.33%, Miss. Q2 2026, reported May 7, 2026: actual -0.93, estimate -1.09, surprise +14.68%, Beat. Q3 2026, reported Aug 4, 2026: actual -1.36, estimate -1.28, surprise -6.25%, Miss. Q4 2026, reported Nov 24, 2026: actual —, estimate -1.53, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates585.93M391.33M196.73M2.13MQ1 '25MissQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 2.5M USD, estimate 19.05M USD, surprise -86.88%, Miss. Q2 2025, reported May 12, 2025: actual 542.71M USD, estimate 116.27M USD, surprise +366.77%, Beat. Q3 2025, reported Aug 7, 2025: actual 27.77M USD, estimate 154.06M USD, surprise -81.98%, Miss. Q4 2025, reported Nov 25, 2025: actual 256.47M USD, estimate 175.32M USD, surprise +46.29%, Beat. Q1 2026, reported Feb 5, 2026: actual 264.03M USD, estimate 213.94M USD, surprise +23.41%, Beat. Q2 2026, reported May 7, 2026: actual 73.74M USD, estimate 73.84M USD, surprise -0.14%, Miss. Q3 2026, reported Aug 4, 2026: actual 75.25M USD, estimate 44.17M USD, surprise +70.36%, Beat. Q4 2026, reported Nov 24, 2026: actual —, estimate 71.76M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$105.17

20.73% upside
Past 12 months12-month forecastHigh $126Average $105.17Low $46.00

ARWR news

Corporate actions

Corporate action history

Stock split

Effective Nov 17, 2011

1:10

Stock split

Effective Jan 15, 2004

1:65

ARWR peers

ETFs holding ARWR

Funds reporting this stock among their holdings, ordered by reported position size.

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