10-Q quarterly report · filed Feb 5, 2026

ARROWHEAD PHARMACEUTICALS, INC. (ARWR) Q4 2025 10-Q Quarterly Report

Short answer

ARROWHEAD PHARMACEUTICALS, INC. (ARWR) filed its Q4 2025 10-Q quarterly report on Feb 5, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $264M (up 10461.3% year over year) with net income of $31M.

Q4 2025 key financials · XBRL

Revenue
$264M
+10461.3% YoY
Net income
$31M
+117.8% YoY
Operating margin
15.5%
EPS (diluted)
$0.22
+115.8% YoY

Source: XBRL data from the ARROWHEAD PHARMACEUTICALS, INC. (ARWR) Q4 2025 10-Q on SEC EDGAR. USD.

ARROWHEAD PHARMACEUTICALS, INC. Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $264.0M for Q1 FY2026, up $261.5M YoY from $2.5M in Q1 FY2025, driven by Sarepta, Novartis, Sanofi license agreements
  • Operating income $40.8M vs operating loss $(161.4)M YoY; net income $30.8M vs net loss $(173.1)M YoY; net income per diluted share $0.22 vs $(1.39)
  • Best segment: License revenues from Sarepta, Novartis, Sanofi contributed major increase; no single worst segment detailed
  • Cash position strengthened by $930M gross from convertible senior notes, common stock, pre-funded warrant offerings
  • Management highlighted FDA NDA approval for REDEMPLO, $200M upfront from Novartis, $200M Sarepta milestone, FDA Breakthrough Therapy for plozasiran, and positive clinical trial advancements

Risk Factors

  • No new risk factors added this quarter compared to fiscal 2025 10-K
  • Most material risks remain consistent with those in fiscal 2025 10-K filing
  • Ongoing regulatory risk from FDA approval processes and clinical trial requirements
  • Operational risk from reliance on successful development of RNAi therapeutic candidates
  • Financial risk linked to liquidity management given continued R&D expenses and cash burn

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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