Arrowhead Pharmaceuticals (ARWR) ARWR Financial Results Summary
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Arrowhead Pharmaceuticals (ARWR) Q4 2025 Financial Results Summary
Arrowhead Pharmaceuticals, Inc. (NASDAQ: ARWR) released its financial results for the fiscal year ended September 30, 2025, on November 25, 2025. Below is a summary of the key financial metrics and company developments.
Selected Recent Events
- FDA Approval of REDEMPLO:
- Approved as an adjunct to diet for reducing triglycerides in adults with familial chylomicronemia syndrome (FCS).
- Represents the first FDA-approved siRNA medicine for FCS, a condition affecting approximately 6,500 people in the U.S.
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Significant triglyceride reduction of -80% from baseline found in the Phase 3 PALISADE study.
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Pricing and Support Programs:
- A standardized pricing model, One-REDEMPLO, was introduced.
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Launched the Rely On REDEMPLO patient support program, which offers resources and financial assistance to eligible patients.
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Collaboration with Novartis:
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Entered a global licensing agreement for ARO-SNCA, receiving a $200 million upfront payment with potential total payments of up to $2 billion.
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Clinical Trials:
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Filed requests for regulatory clearance for two new clinical trials:
- ARO-DIMER-PA targeting atherosclerotic cardiovascular disease (ASCVD).
- ARO-MAPT for tauopathies such as Alzheimer’s disease.
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Milestone Payments:
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Earned $300 million in milestone payments from Sarepta Therapeutics, with part of the payment received in common stock.
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Share Repurchase:
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Conducted a direct stock buyback from Sarepta worth approximately $50 million at a price of $18.79 per share.
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Advancements in Clinical Trials:
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Successfully dosed the first subject in the Phase 3 clinical trial of zodasiran for homozygous familial hypercholesterolemia (HoFH).
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Asset Purchase Agreement with Sanofi:
- A subsidiary, Visirna Therapeutics, signed an agreement with Sanofi for the commercialization of investigational candidates in Greater China, receiving $130 million upfront.
Selected Fiscal 2025 Year-End Financial Results
- Revenue:
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$829,448,000 for FY 2025, a significant increase of 23,345% from $3,551,000 in FY 2024.
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Operating Expenses:
- Research and development expenses of $607,159,000, up 19.93% from $505,870,000 in FY 2024.
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General and administrative expenses increased to $123,943,000, growing by 25.5% from $98,761,000 in FY 2024.
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Operating Income:
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Operating income of $98,346,000, compared to an operating loss of -$601,080,000 in FY 2024.
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Income Before Taxes:
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Income before income taxes of $51,533,000, a turnaround from a loss of -$612,460,000 in the previous year.
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Net Income:
- Net income attributable to Arrowhead Pharmaceuticals was -$1,631,000, improving significantly from a loss of -$599,493,000 in FY 2024.
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Net income per share attributable stood at -$0.01, compared to -$5.00 in FY 2024.
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Financial Position:
- Cash, cash equivalents, and restricted cash totaled $226,548,000, a rise from $102,685,000 in 2024.
- Total cash resources of $919,366,000, compared to $680,961,000 in FY 2024.
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Total assets reached $1,385,295,000, up from $1,139,802,000 in FY 2024.
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Liabilities:
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Total liabilities stood at $881,879,000, a decrease from $948,739,000 in FY 2024.
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Stockholders’ Equity:
- Total stockholders’ equity rose to $503,416,000, compared to $191,063,000 the prior year.
Conclusion
Arrowhead Pharmaceuticals showcased remarkable growth in its financial performance for FY 2025, spearheaded by the FDA approval of REDEMPLO and strategic collaborations, indicating a transformative year for the company as it transitions into a commercial stage. The company did not declare a quarterly dividend in this report.
| OPERATING SUMMARY | Year Ended September 30, | 2025 | 2024 |
|---|---|---|---|
| Revenue | $829,448 | $3,551 | |
| Operating Expenses: | |||
| Research and development | 607,159 | 505,870 | |
| General and administrative expenses | 123,943 | 98,761 | |
| Total operating expenses | 731,102 | 604,631 | |
| Operating income (loss) | 98,346 | -601,080 | |
| Total other expense | -46,813 | -11,380 | |
| Income (loss) before income tax expense and noncontrolling interest | 51,533 | -612,460 | |
| Income tax (benefit) expense | 21,419 | -2,767 | |
| Net income (loss) including noncontrolling interest | 30,114 | -609,693 | |
| Net income (loss) attributable to noncontrolling interest, net of tax | 31,745 | -10,200 | |
| Net income (loss) attributable to Arrowhead Pharmaceuticals, Inc. | -1,631 | -599,493 | |
| Net income (loss) per share attributable to Arrowhead Pharmaceuticals, Inc. – Diluted | -0.01 | -5.00 | |
| Weighted-average shares used in calculating – Diluted | 133,758 | 119,784 |
| FINANCIAL POSITION SUMMARY | September 30, | 2025 | 2024 |
|---|---|---|---|
| Cash, cash equivalents and restricted cash | $226,548 | $102,685 | |
| Available-for-sale securities, at fair value | 692,818 | 578,276 | |
| Total cash resources (Cash, cash equivalents and restricted cash and Available-for-sale securities, at fair value) | 919,366 | 680,961 | |
| Other current and long-term assets | 465,929 | 458,841 | |
| Total Assets | $1,385,295 | $1,139,802 | |
| Liability related to the sale of future royalties | $367,397 | $341,361 | |
| Credit Facility | 254,883 | 393,183 | |
| Deferred revenue | 2,399 | — | |
| Other liabilities | 257,200 | 214,195 | |
| Total Liabilities | $881,879 | $948,739 | |
| Total Arrowhead Pharmaceuticals, Inc. Stockholders’ Equity | 466,052 | 185,444 | |
| Noncontrolling Interest | 37,364 | 5,619 | |
| Total Noncontrolling Interest and Stockholders’ Equity | $503,416 | $191,063 | |
| Total Liabilities, Noncontrolling Interest and Stockholders’ Equity | $1,385,295 | $1,139,802 | |
| Shares Outstanding | 135,702 | 124,376 |