ARWR
Arrowhead Pharmaceuticals, Inc.64.66
-3.79-5.54%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
REDEMPLO patient mix clarified
Q&A added color to REDEMPLO's launch, pinpointing APOC3-naive patients as the vast majority of 100+ prescriptions, with switches evenly split from EAP and citing efficacy/safety. Management plans mid-year FDA discussions for obesity programs, targeting IND filing soon after. ARO-DIMER-PA eyes 40-50% LDL/TG reductions per monkey data for go/no-go. Blinded SHASTA-3/4 pancreatitis events track Ionis placebo rates. High-risk SHTG focus narrows to 750k-1M patients. Details refine execution risks. Yet Q&A reaffirmed upbeat tone. Investors eye SHASTA readouts.
Key Stats
Market Cap
8.94BP/E (TTM)
-Basic EPS (TTM)
-0.01Dividend Yield
0%Recent Filings
8-K
10-Q
Q1 FY2026 results
Arrowhead flipped to $264M revenue in Q1 FY2026 ended December 31, 2025, up from $2.5M y/y, driven by $229M from Sarepta and $34M from Novartis deals—yielding $41M operating income versus $(161M) loss last year. Gross margins aren't broken out, but R&D jumped 29% y/y to $177M on pipeline progress while G&A rose 71% amid launch prep. Operating cash flow turned positive at $13M; free cash flow not disclosed in the 10-Q. Cash and equivalents hit $201M with $715M in securities, total liquidity ~$917M, backing $203M net debt (15% credit facility due 2031). Patent spat with Ionis over plozasiran commercialization looms.
8-K
Arrowhead posts Q1 profit, launches REDEMPLO
Arrowhead Pharmaceuticals swung to Q1 fiscal 2026 net income of $30.8M on $264M revenue, fueled by FDA approval and U.S. launch of REDEMPLO for FCS plus a $200M Novartis upfront for ARO-SNCA licensing. REDEMPLO notched over 100 prescriptions early. Pipeline advanced with obesity data showing -9.4% weight loss combo and $930M raised via notes and stock. Cash hit $917M.
8-K
Arrowhead issues $700M convertibles
Arrowhead issued $700M of 0.00% convertible senior notes due 2032 on January 12, 2026, including a fully exercised $75M over-allotment. Notes convert at 11.4844 shares per $1,000 (initial price ~$87.07), with capped calls costing $47.9M to curb dilution up to $119.33/share. Zero coupon eases cash burn. Holders get fundamental change repurchase rights.
8-K
Prices $841M equity, notes offerings
Arrowhead Pharmaceuticals priced upsized offerings on January 7, 2026: 3,100,776 common shares at $64.50 (plus full exercise of 456,116-share option) and $625M 0.00% convertible senior notes due 2032 (plus full $75M option), netting ~$216.6M and $681.3M. Closings set for January 9 and 12. Funds target R&D, clinical trials, commercialization, and potential debt prepay. Capped calls hedge dilution.
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