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HRTX · Heron Therapeutics, Inc. /De/

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$0.34 +0.01 (+4.21%) At close · Sep 4
Market Cap
$65.29M
Shares
189.85M

Price & Indicators

20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$0.34 Open$0.34 Day$0.33–0.36 52W close$0.30–1.49 Avg vol 30d2.7M Short int46.7M · 24.6% float · 12.3d Short vol51% Last earningsAug 10, 2026 DataJan 2020–Sep 2026 Filing10-Q · Aug 10

Up next

Next earnings call
Nov 8, 2026 Est · unconfirmed · in 9 wks
filed Aug 10, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$151.18M
Trailing 12 months
Net income (TTM)
−$34.05M
Trailing 12 months
Revenue growth YoY
+1.3%
Year over year
Operating margin
-7.2%
Trailing 12 months
P / E (TTM)
Trailing earnings
FCF yield
-20.2%
TTM · current market cap
Return on invested capital
Trailing 12 months
Net cash
$20.72M
Latest balance sheet
Dividend yield
Trailing 12 months
Shares change YoY
+23.6%
Year over year · more shares
Price change (1Y)
-73.9%
Trailing year
Short interest
24.6%
Latest settlement · 12.3 days to cover
View all 114 metrics

AI Brief

Q2 FY26 earnings call · Aug 10, 2026
Q2 FY26

TL;DR. Heron reported Q2 net revenue of $37.7 million with strong acute care growth (ZYNRELEF +35% and APONVIE +74% year-over-year), but withdrew its full-year 2026 guidance following a June court decision on CINVANTI patents that threatens potential generic entry. The company reset its Hercules credit facility, reducing principal by up to $17.5 million and resetting covenants through 2027, and is evaluating strategic alternatives.

Bullish
  • + Acute care franchise delivered $15.3 million, up 43.9% year-over-year
  • + ZYNRELEF net revenue grew 35% year-over-year to $11.1 million
  • + APONVIE net revenue grew 74% year-over-year to $4.2 million with 23% NK1 segment share
  • + Hercules credit facility amended with covenants reset through 2027 and up to $17.5 million principal reduction
  • + Adjusted EBITDA improved to $3.2 million from $2.2 million year-over-year
Bearish
  • Withdrew full-year 2026 guidance of $173-183 million net product sales and $10-20 million adjusted EBITDA
  • CINVANTI declined 9.7% year-over-year to $21.8 million due to branded competition and faces potential generic entry
  • ZYNRELEF Q2 performance came in below company expectations
  • Net loss widened to $5.5 million from $2.4 million year-over-year
  • Pro forma cash falls to approximately $24.3 million after September payment from $42.7 million

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Strong Sell
SellHoldBuy
Technical Sell Momentum Very Weak Sentiment Bearish Fundamentals Weak Quant / Vol Very High
Market backdrop VIX 14.5 · calm Equity put/call 0.58
Technical
price trend
Sell
50 / 200-day cross No cross
Price vs 200-day avg −61%
below
Price vs 50-day avg −15%
below
RSI (14) 45
neutral
MACD trend Positive
52-week position 4%
near low
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Very Weak
1-month return −30%
trailing
6-month return −62%
trailing
YTD return −74%
this year
Relative strength −77%
vs S&P · 6-mo
Sentiment
smart money
Bearish
Trend (MA cross) No cross
50d $0 › 200d $1 — 200d above 50d
Institutional flow Distributing
-2% holders QoQ · +21 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
24.62% of float · ▲ +8.1% MoM · 12.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
164 holders — mid 3-yr range
Squeeze score 80
high risk · 0–100
Fundamentals
Weak
Revenue growth +7%
Y/Y
Gross margin 73%
expanding
EPS growth −33%
Y/Y
Free cash flow $-27.9M
Quant / Vol
risk profile
Very High
Volatility 85%
annualized · 1-yr
Max drawdown −80%
past year
ATR 8.9%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Prior guidance period ended · from the Earnings Call filed Sep 30, 2021
Net cash used for operating activities · fourth quarter $45M – $48M
Net cash used for operating activities · the fourth quarter $45M – $48M

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Sell
3 · 3 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−61% Bearish
Price vs 50-day avg
−15% Bearish
RSI (14)
45 Neutral
MACD trend
Positive Bullish
52-week position
4% Bearish
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross) No cross
50d $0 › 200d $1 — 200d above 50d
Institutional flow Distributing
-2% holders QoQ · +21 funds added
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
24.62% of float · ▲ +8.1% MoM · 12.3 days cover
Volume signal Normal
Volume near normal
Institution breadth Steady
164 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $0 Now $0 · 4% Range high $1
vs 200-day avg -61% vs 50-day avg -15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Biotechnology — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
HRTX
Heron Therapeutics, Inc. /De/
this stock
$65.29M -73.5% +7.4% 24.6%
VRTX
Vertex Pharmaceuticals Inc / Ma
$141.42B +20.5% +46.2% 32.5 1.6%
REGN
Regeneron Pharmaceuticals, Inc.
$86.84B +7.2% +20.8% 20.9 2.3%
ARGX
Argenx SE
$64.44B +22.9% 1.9%
CSLLY
Csl Ltd
$60.55B 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Reducing
Holders
164
% held
72.1%
Net QoQ
-23.2M sh
Top holder
Rubric Capital Management…
Held Float
View
Held by Funds
Fund positions
107
View
Short & Settlement
Short Interest Rising
Shares short
46.7M
Days to cover
12.3d
Change
+3.5M sh
View
Short Volume
Short vol %
51%
As of
Sep 4, 2026
Short Total
View
Fails to Deliver
FTD shares
114.4K
Value
$38.9K
As of
Aug 13, 2026
View
Off-Exchange
Off-exchange %
70.9%
Week of
Jul 27, 2026
Off-exch Lit
View
Smart Money
Congressional Trades Sell
Member
Ashley Hinson Arenholz
Amount
$1.0K–$15.0K
Traded
Mar 31, 2021
View
Financials
Financials
Net income (FY)
$-20.2M
EPS diluted
$-0.12
View
Filings
SEC Filings
Latest
8-K
Filed
Aug 14, 2026
This year
14
View
Exempt Offerings
Offering
$30.0M
Filed
Aug 1, 2023
View
Earnings & Events
Earnings Calls
Last call
Aug 10, 2026
View

Performance

5D 20D 120D MTD YTD
HRTX +5.3% -29.8% -61.8% +8.1% -73.6%
SPY +0.1% -0.4% +15.1% +0.4% +12.9%
vs SPY +5.2% -29.4% -76.9% +7.7% -86.5%
Key facts CIK 818033 CUSIP 427746102 13F (30d) 117 filings 117 filers Visit website Investor relations