Company Adjusts FY26 EBITDA Outlook to $10M-$20M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
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Should l Buy HRTX?
Backs FY26 adjusted EBITDA view $10M-$20M.
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Analyst Views on HRTX
Wall Street analysts forecast HRTX stock price to rise
4 Analyst Rating
4 Buy
0 Hold
0 Sell
Strong Buy
Current: 0.955
Low
3.00
Averages
4.50
High
6.00
Current: 0.955
Low
3.00
Averages
4.50
High
6.00
About HRTX
Heron Therapeutics, Inc. is a commercial-stage biotechnology company focused on improving the lives of patients by developing and commercializing therapeutics that improve medical care. Its acute care product portfolio includes ZYNRELEF, APONVIE, CINVANTI, and SUSTOL. ZYNRELEF is a dual-acting local anesthetic that delivers a fixed-dose combination of the local anesthetic bupivacaine and a low-dose of the nonsteroidal anti-inflammatory drug meloxicam. APONVIE is the intravenous formulation of aprepitant, a substance P/neurokinin-1 receptor antagonist indicated for postoperative nausea and vomiting in adults. CINVANTI is an IV formulation of aprepitant, a substance NK1 receptor antagonist. SUSTOL is the first extended-release 5-HT3 receptor antagonist approved for the prevention of acute and delayed nausea and vomiting associated with both MEC and anthracycline and cyclophosphamide combination chemotherapy regimens.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Heron Therapeutics Reports Q1 2026 Earnings with Mixed Results
- Revenue Growth Highlight: Heron Therapeutics reported net sales of $34.7 million in Q1 2026, with Acute Care revenue at $13.6 million and Oncology revenue at $21.1 million, reflecting a 32% year-over-year growth in the Acute Care portfolio, indicating resilience and potential in the market.
- Product Performance Analysis: ZYNRELEF and APONVIE contributed $10.2 million and $3.4 million respectively, with ZYNRELEF's unit volume growing by 111% under the IGNITE program, suggesting significant acceptance in targeted accounts and expected future sales growth.
- Financial Challenges: Despite revenue growth, the gross margin was only 69%, below the expected low to mid-70% range, with adjusted EBITDA at negative $727,000, reflecting the impact of severe weather on surgical volumes and rising costs, which may pose challenges to short-term profitability.
- Future Outlook: The company expects net product sales between $173 million and $183 million for 2026, with adjusted EBITDA projected at $10 million to $20 million, and despite short-term challenges, management remains optimistic about recovery driven by sales force expansion and the IGNITE program's momentum.
See More
Heron Therapeutics to Announce Q1 Earnings on May 11
- Earnings Announcement: Heron Therapeutics (HRTX) is set to release its Q1 2023 earnings report on May 11 before market open, with consensus EPS estimate at -$0.03 and revenue estimate at $36.72 million, reflecting a 5.6% year-over-year decline.
- Performance Expectations: Over the past year, HRTX has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, indicating a potential for continued improvement in profitability and revenue growth.
- Sales Target Outlook: The company has outlined ambitious sales targets for 2026, ranging from $173 million to $183 million, driven by momentum in acute care and expanded commercial investments, showcasing strategic growth initiatives.
- Market Performance Assessment: Despite mixed results in Q4, Heron Therapeutics is actively promoting its FY26 outlook, suggesting that its current position at the bottom of a trading range may present potential buying opportunities for investors.
See More
Heron Therapeutics to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Heron Therapeutics will host a conference call on May 11, 2026, at 8:30 a.m. ET to report its Q1 2026 financial results and discuss recent business highlights, aiming to provide transparent communication with investors.
- Participation Details: Participants can access the call via a registration link for dial-in details, and are encouraged to join 15 minutes early to avoid delays, reflecting the company's commitment to investor relations.
- Webcast Availability: The conference call will also be available via webcast on Heron's Investor Relations section of its website, with an archive of the teleconference and webcast accessible for 60 days post-call, allowing investors who cannot attend live to catch up.
- Company Overview: Heron Therapeutics is a commercial-stage biotechnology company focused on improving patient lives through therapeutic innovations, leveraging advanced science and patented technologies to develop a portfolio aimed at enhancing the standard of care for acute and oncology patients.
See More
Heron (HRTX) Q4 2025 Earnings Call Transcript
See More
Heron Therapeutics Q4 2025 Earnings Highlights
- Successful Financing Completion: CEO Craig Collard emphasized the successful completion of financing, describing it as a 'meaningful derisking event' that allows the company to focus on commercial execution and product expansion, thereby driving sustained growth.
- Strong Financial Performance: Full-year net revenues for 2025 reached approximately $155 million, with adjusted EBITDA of $14.7 million, exceeding prior guidance of $9 million to $13 million, showcasing the company's financial robustness and growth potential.
- Acute Care Product Line Growth: ZYNRELEF achieved a 48% net revenue growth in Q4, while APONVIE grew by 97%, leading to an overall year-over-year increase of over 57% in the Acute Care franchise, indicating the company's strengthening competitive position in the market.
- Optimistic 2026 Outlook: Management raised the 2026 net product sales guidance to $173 million to $183 million, with expectations of EBITDA positivity, reflecting confidence in commercial expansion and the strategic necessity of targeted investments.
See More
Heron Therapeutics Q4 Earnings Report Analysis
- Earnings Performance: Heron Therapeutics reported a Q4 GAAP EPS of -$0.02, missing estimates by $0.01, although revenue reached $40.59 million, a slight 0.5% year-over-year decline, yet exceeding market expectations by $1.06 million, indicating some effectiveness in revenue management.
- Acute Care Growth: The Acute Care franchise achieved a remarkable 57.3% year-over-year revenue growth in Q4 2025 and 65.1% for the full year compared to 2024, suggesting strong market demand in this segment, potentially laying the groundwork for sustained future growth.
- Cash Position: As of December 31, 2025, Heron reported cash, cash equivalents, and short-term investments totaling $46.6 million, reflecting robust liquidity management that supports future operations and investments.
- 2026 Financial Guidance: Heron provided a 2026 net revenue guidance of $173 to $183 million and an adjusted EBITDA forecast of $10 to $20 million, both exceeding the consensus estimate of $171.73 million, demonstrating the company's confidence in its future performance.
See More
Heron Therapeutics Reports Q1 2026 Earnings with Mixed Results
- Revenue Growth Highlight: Heron Therapeutics reported net sales of $34.7 million in Q1 2026, with Acute Care revenue at $13.6 million and Oncology revenue at $21.1 million, reflecting a 32% year-over-year growth in the Acute Care portfolio, indicating resilience and potential in the market.
- Product Performance Analysis: ZYNRELEF and APONVIE contributed $10.2 million and $3.4 million respectively, with ZYNRELEF's unit volume growing by 111% under the IGNITE program, suggesting significant acceptance in targeted accounts and expected future sales growth.
- Financial Challenges: Despite revenue growth, the gross margin was only 69%, below the expected low to mid-70% range, with adjusted EBITDA at negative $727,000, reflecting the impact of severe weather on surgical volumes and rising costs, which may pose challenges to short-term profitability.
- Future Outlook: The company expects net product sales between $173 million and $183 million for 2026, with adjusted EBITDA projected at $10 million to $20 million, and despite short-term challenges, management remains optimistic about recovery driven by sales force expansion and the IGNITE program's momentum.
See More
Heron Therapeutics to Announce Q1 Earnings on May 11
- Earnings Announcement: Heron Therapeutics (HRTX) is set to release its Q1 2023 earnings report on May 11 before market open, with consensus EPS estimate at -$0.03 and revenue estimate at $36.72 million, reflecting a 5.6% year-over-year decline.
- Performance Expectations: Over the past year, HRTX has beaten EPS estimates 50% of the time and revenue estimates 75% of the time, indicating a potential for continued improvement in profitability and revenue growth.
- Sales Target Outlook: The company has outlined ambitious sales targets for 2026, ranging from $173 million to $183 million, driven by momentum in acute care and expanded commercial investments, showcasing strategic growth initiatives.
- Market Performance Assessment: Despite mixed results in Q4, Heron Therapeutics is actively promoting its FY26 outlook, suggesting that its current position at the bottom of a trading range may present potential buying opportunities for investors.
See More
Heron Therapeutics to Host Q1 2026 Financial Results Conference Call
- Conference Call Announcement: Heron Therapeutics will host a conference call on May 11, 2026, at 8:30 a.m. ET to report its Q1 2026 financial results and discuss recent business highlights, aiming to provide transparent communication with investors.
- Participation Details: Participants can access the call via a registration link for dial-in details, and are encouraged to join 15 minutes early to avoid delays, reflecting the company's commitment to investor relations.
- Webcast Availability: The conference call will also be available via webcast on Heron's Investor Relations section of its website, with an archive of the teleconference and webcast accessible for 60 days post-call, allowing investors who cannot attend live to catch up.
- Company Overview: Heron Therapeutics is a commercial-stage biotechnology company focused on improving patient lives through therapeutic innovations, leveraging advanced science and patented technologies to develop a portfolio aimed at enhancing the standard of care for acute and oncology patients.
See More
Heron (HRTX) Q4 2025 Earnings Call Transcript
See More
Heron Therapeutics Q4 2025 Earnings Highlights
- Successful Financing Completion: CEO Craig Collard emphasized the successful completion of financing, describing it as a 'meaningful derisking event' that allows the company to focus on commercial execution and product expansion, thereby driving sustained growth.
- Strong Financial Performance: Full-year net revenues for 2025 reached approximately $155 million, with adjusted EBITDA of $14.7 million, exceeding prior guidance of $9 million to $13 million, showcasing the company's financial robustness and growth potential.
- Acute Care Product Line Growth: ZYNRELEF achieved a 48% net revenue growth in Q4, while APONVIE grew by 97%, leading to an overall year-over-year increase of over 57% in the Acute Care franchise, indicating the company's strengthening competitive position in the market.
- Optimistic 2026 Outlook: Management raised the 2026 net product sales guidance to $173 million to $183 million, with expectations of EBITDA positivity, reflecting confidence in commercial expansion and the strategic necessity of targeted investments.
See More
Heron Therapeutics Q4 Earnings Report Analysis
- Earnings Performance: Heron Therapeutics reported a Q4 GAAP EPS of -$0.02, missing estimates by $0.01, although revenue reached $40.59 million, a slight 0.5% year-over-year decline, yet exceeding market expectations by $1.06 million, indicating some effectiveness in revenue management.
- Acute Care Growth: The Acute Care franchise achieved a remarkable 57.3% year-over-year revenue growth in Q4 2025 and 65.1% for the full year compared to 2024, suggesting strong market demand in this segment, potentially laying the groundwork for sustained future growth.
- Cash Position: As of December 31, 2025, Heron reported cash, cash equivalents, and short-term investments totaling $46.6 million, reflecting robust liquidity management that supports future operations and investments.
- 2026 Financial Guidance: Heron provided a 2026 net revenue guidance of $173 to $183 million and an adjusted EBITDA forecast of $10 to $20 million, both exceeding the consensus estimate of $171.73 million, demonstrating the company's confidence in its future performance.
See More
