Heron Therapeutics, Inc. (HRTX) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 228.98M | 238.07M | 229.4M | 210.92M | 212.84M | 209.01M | 195.19M | 191.17M | 185.9M | 188.77M | 193.98M | 165.28M | 178.16M | 205.44M | 223.8M | 194.21M | 222.59M | 254.42M | 315.05M | 366.83M |
| Cash & Short-Term Investments | 44.78M | 46.63M | 55.49M | 40.63M | 50.68M | 59.28M | 70.89M | 67.35M | 71.52M | 80.41M | 77.41M | 33.24M | 60.02M | 84.85M | 121.75M | 83.54M | 111.91M | 157.58M | 202.82M | 257.68M |
| Cash Only | 26.12M | 28.65M | 43.07M | 16.52M | 19.27M | 25.8M | 25.74M | 18.39M | 20.45M | 28.68M | 34.86M | 13.46M | 27.09M | 15.36M | 50.44M | 48.61M | 56.91M | 90.54M | 159.57M | 191.17M |
| Short-Term Investments | 18.67M | 17.98M | 12.42M | 24.12M | 31.41M | 33.48M | 45.15M | 48.96M | 51.07M | 51.73M | 42.55M | 19.78M | 32.93M | 69.49M | 71.31M | 34.93M | 55M | 67.04M | 43.25M | 66.5M |
| Accounts Receivable | 83.69M | 89.59M | 81.05M | 79.93M | 78.74M | 78.88M | 67.04M | 73.71M | 65.32M | 60.14M | 63.8M | 76.69M | 51.45M | 52.05M | 42.19M | 40.3M | 41.1M | 35.5M | 43.09M | 42.62M |
| Days Sales Outstanding | 224.64 | 193.39 | 193.78 | 194.07 | 182.32 | 164.59 | 197.33 | 175.6 | 164.65 | 166.53 | 205.59 | 183.57 | 157.26 | 144.36 | 142.88 | 134.06 | 146.95 | 175.01 | 169.71 | 164.5 |
| Inventory | 92.54M | 92.75M | 70.03M | 72.97M | 56.93M | 53.16M | 45.95M | 42.86M | 42.47M | 42.11M | 42.01M | 44.62M | 52.06M | 54.57M | 52.24M | 61.32M | 56.47M | 48.38M | 41.5M | 42.8M |
| Days Inventory Outstanding | 783.78 | 978.88 | 427.56 | 599.61 | 585.8 | 445.74 | 431.96 | 369.16 | 455.77 | 391.44 | 218.86 | 218.23 | 284.71 | 389.11 | 354.94 | 331.34 | 415.53 | 377.91 | 341.63 | 267.66 |
| Other Current Assets | 7.97M | 9.1M | 0 | 17.39M | 26.49M | 17.69M | 11.31M | 7.25M | 6.58M | 6.12M | 10.77M | 10.72M | 14.63M | 13.96M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 17.23M | 17.81M | 19.55M | 21.17M | 22.91M | 24.13M | 25.59M | 26.97M | 31.98M | 33.73M | 35.22M | 35.94M | 42.72M | 45.52M | 48.15M | 49.76M | 51.13M | 51.28M | 37.34M | 37.42M |
| Property, Plant & Equipment | 12.03M | 12.4M | 13.67M | 15.08M | 16.63M | 17.65M | 18.88M | 20.04M | 24.1M | 25.6M | 26.85M | 27.36M | 28.58M | 29.8M | 30.82M | 32.22M | 33.15M | 33.56M | 36.99M | 37.08M |
| Fixed Asset Turnover | 2.84x | 3.11x | 2.66x | 2.35x | 2.27x | 2.23x | 1.69x | 1.63x | 1.40x | 1.31x | 1.16x | 1.14x | 1.01x | 0.99x | 0.84x | 0.85x | 0.70x | 0.59x | 0.63x | 0.60x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5.21M | 5.41M | 5.88M | 6.08M | 6.28M | 6.48M | 6.71M | 6.93M | 7.88M | 8.13M | 8.37M | 8.58M | 14.14M | 15.71M | 17.32M | 17.53M | 17.98M | 17.72M | 346K | 346K |
| Total Assets | 246.22M | 255.88M | 248.95M | 232.09M | 235.75M | 233.15M | 220.78M | 218.14M | 217.89M | 222.51M | 229.2M | 201.22M | 220.88M | 250.95M | 271.95M | 243.97M | 273.72M | 305.71M | 352.39M | 404.25M |
| Asset Turnover | 0.14x | 0.16x | 0.16x | 0.16x | 0.17x | 0.18x | 0.15x | 0.17x | 0.16x | 0.15x | 0.15x | 0.15x | 0.13x | 0.11x | 0.10x | 0.11x | 0.08x | 0.06x | 0.06x | 0.06x |
| Asset Growth % | 4.44% | 9.75% | 12.76% | 6.4% | 8.2% | 4.78% | -3.67% | 8.4% | -1.35% | -11.33% | -15.72% | -17.52% | -19.31% | -17.91% | -22.83% | -39.65% | -11.97% | -13.53% | -9.65% | -6.58% |
| Total Current Liabilities | 90.52M | 96.1M | 89.71M | 258.6M | 88.56M | 91.46M | 85.54M | 80.32M | 75.38M | 79.69M | 79.75M | 86.72M | 77.9M | 82.36M | 93.88M | 109.5M | 93M | 71.06M | 72.3M | 82.14M |
| Accounts Payable | 8.97M | 8.99M | 12.02M | 12.04M | 12.33M | 11.71M | 10.19M | 10.23M | 837K | 3.8M | 1.86M | 1.96M | 4.07M | 3.59M | 6.55M | 13.8M | 8.23M | 3.87M | 5.88M | 11.24M |
| Days Payables Outstanding | 75.99 | 126.36 | 71.92 | 112.49 | 127.93 | 98.48 | 99.29 | 47.86 | 24.98 | 26.33 | 9.64 | 13.59 | 20.43 | 36.92 | 63.61 | 61.97 | 47.95 | 41.03 | 69.41 | 40.52 |
| Short-Term Debt | 0 | 0 | 0 | 175.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 81.55M | 87.1M | 4.49M | 0 | 0 | 7.96M | 0 | 0 | 0 | 7.85M | 0 | 0 | 0 | 11.28M | 0 | 0 | 0 | 13.48M | 0 | 0 |
| Current Ratio | 2.53x | 2.48x | 2.56x | 0.82x | 2.40x | 2.29x | 2.28x | 2.38x | 2.47x | 2.37x | 2.43x | 1.91x | 2.29x | 2.49x | 2.38x | 1.77x | 2.39x | 3.58x | 4.36x | 4.47x |
| Quick Ratio | 1.51x | 1.51x | 1.78x | 0.53x | 1.76x | 1.70x | 1.74x | 1.85x | 1.90x | 1.84x | 1.91x | 1.39x | 1.62x | 1.83x | 1.83x | 1.21x | 1.79x | 2.90x | 3.78x | 3.94x |
| Cash Conversion Cycle | 932.43 | 1.05K | 549.41 | 681.18 | 640.19 | 511.86 | 530 | 496.9 | 595.44 | 531.64 | 414.8 | 388.2 | 421.54 | 496.56 | 434.21 | 403.42 | 514.53 | 511.89 | 441.93 | 391.65 |
| Total Non-Current Liabilities | 146.56M | 145.45M | 144.36M | 747K | 175.65M | 175.34M | 175.24M | 175.76M | 176.28M | 176.79M | 177.24M | 153.79M | 154.41M | 155.02M | 155.63M | 156.2M | 156.76M | 157.08M | 161.25M | 162M |
| Long-Term Debt | 141.63M | 140.64M | 139.66M | 0 | 174.97M | 174.73M | 174.47M | 174.23M | 173.99M | 173.75M | 173.46M | 149.39M | 149.34M | 149.28M | 149.23M | 149.18M | 149.13M | 149.08M | 149.03M | 148.98M |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 0 | 522K | 1.29M | 2.04M | 2.8M | 3.54M | 4.16M | 4.83M | 5.5M | 6.15M | 6.78M | 7.39M | 8M | 12.22M | 13.01M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.93M | 4.81M | 4.69M | 747K | 682K | 615K | 241K | 241K | 241K | 241K | 241K | 241K | 241K | 241K | 241K | 241K | 241K | 0 | 0 | 0 |
| Total Liabilities | 237.08M | 241.54M | 234.06M | 259.35M | 264.2M | 266.8M | 260.78M | 256.08M | 251.65M | 256.48M | 256.99M | 240.51M | 232.31M | 237.38M | 249.5M | 265.7M | 249.76M | 228.14M | 233.54M | 244.14M |
| Total Debt | 141.63M | 140.64M | 140.44M | 176.74M | 177.26M | 177.76M | 178.25M | 178.71M | 179.17M | 179.63M | 180M | 156.13M | 156.93M | 157.48M | 158M | 158.51M | 159.01M | 159.5M | 164.5M | 165.16M |
| Net Debt | 115.52M | 111.99M | 97.38M | 160.23M | 157.99M | 151.96M | 152.5M | 160.33M | 158.72M | 150.95M | 145.14M | 142.66M | 129.84M | 142.11M | 107.57M | 109.9M | 102.1M | 68.95M | 4.93M | -26.02M |
| Debt / Equity | 15.50x | 9.81x | 9.44x | - | - | - | - | - | - | - | - | - | - | 11.60x | 7.04x | - | 6.64x | 2.06x | 1.38x | 1.03x |
| Debt / EBITDA | - | 117.20x | - | - | 47.84x | 37.39x | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | 93.33x | - | - | 42.64x | 31.96x | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | - | -1.95x | -5.03x | - | 6.31x | 1.84x | -8.92x | -16.11x | -8.52x | -2.90x | -44.28x | - | - | -10.20x | - | - | - | - | - | - |
| Total Equity | 9.14M | 14.33M | 14.88M | -27.26M | -28.45M | -33.65M | -40.01M | -37.94M | -33.77M | -33.97M | -27.79M | -39.28M | -11.43M | 13.57M | 22.45M | -21.74M | 23.96M | 77.57M | 118.84M | 160.11M |
| Equity Growth % | 132.11% | 142.59% | 137.21% | 28.16% | 15.73% | 0.95% | -43.98% | 3.42% | -195.44% | -350.32% | -223.77% | -80.73% | -147.7% | -82.5% | -81.11% | -113.58% | -87.79% | -67.2% | -57.12% | -50.59% |
| Book Value per Share | 0.05 | 0.09 | 0.09 | -0.18 | -0.19 | -0.22 | -0.26 | -0.25 | -0.22 | -0.23 | -0.19 | -0.33 | -0.10 | 0.11 | 0.20 | -0.21 | 0.23 | 0.76 | 1.17 | 1.63 |
| Total Shareholders' Equity | 9.14M | 14.33M | 14.88M | -27.26M | -28.45M | -33.65M | -40.01M | -37.94M | -33.77M | -33.97M | -27.79M | -39.28M | -11.43M | 13.57M | 22.45M | -21.74M | 23.96M | 77.57M | 118.84M | 160.11M |
| Common Stock | 1.89M | 1.88M | 1.83M | 1.53M | 1.52M | 1.52M | 1.52M | 1.52M | 1.5M | 1.5M | 1.41M | 1.2M | 1.19M | 1.19M | 1.19M | 1.02M | 1.02M | 1.02M | 1.02M | 1.02M |
| Retained Earnings | -1.95B | -1.94B | -1.94B | -1.92B | -1.92B | -1.92B | -1.92B | -1.92B | -1.91B | -1.91B | -1.9B | -1.87B | -1.83B | -1.8B | -1.78B | -1.73B | -1.68B | -1.61B | -1.56B | -1.51B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -6K | 4K | 0 | -1K | 1K | 13K | 40K | -8K | -6K | 13K | -1K | -6K | 9K | -19K | -57K | -11K | -8K | -6K | -4K | 41K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |