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Filing Flows › Heron Therapeutics (HRTX) › Q3 2026 › vs Q3 2025

Heron Therapeutics (HRTX) Q3 2026 vs Q3 2025 (year over year)

Heron Therapeutics's revenue fell $3.0M (-8%) from $38.2M in Q3 2025 to $35.2M in Q3 2026. The biggest changes: CINVANTI −$4.0M (-17%); SUSTOL −$1.8M (-92%); Aponvie +$1.5M (+49%).

Heron Therapeutics, Q3 2026: revenue $35.2M (-8% year over year), operating margin -4.7%, net loss $5.0M, operating cash flow −$794K. The chart draws each line against Q3 2025, the increases inside each band.

Heron Therapeutics: what changed, Q3 2026 vs Q3 2025Heron Therapeutics: what changed, Q3 2026 vs Q3 2025Costs & expenses−$15.5MWorking capital & other−$14.6MNet loss−$12.5MOperating cash sources−$12.5MNet loss absorbed−$12.5MInterest & other, net−$10.1MOperating costs−$5.4MCINVANTI−$4.0MCost of revenue−$3.0MCash used in operations$2.1M

Every line

LineQ3 2026Q3 2025Change%
CINVANTI$20.0M$24.0M−$4.0M-17%
ZYNRELEF$10.6M$9.3M$1.3M+14%
Aponvie$4.5M$3.0M$1.5M+49%
SUSTOL$152K$1.9M−$1.8M-92%
Revenue$35.2M$38.2M−$3.0M-8%
Net loss$5.0M$17.5M−$12.5M-71%
Costs & expenses$40.3M$55.7M−$15.5M-28%
Operating costs$36.9M$42.3M−$5.4M-13%
Interest & other, net$3.3M$13.4M−$10.1M-75%
Cost of revenue$9.0M$11.9M−$3.0M-25%
Research & development$3.1M$3.5M−$371K-11%
Sales & marketing$12.5M$12.9M−$421K-3%
General & admin$12.3M$14.0M−$1.6M-12%
Operating cash sources$5.0M$17.5M−$12.5M-71%
Depreciation & amortization$391K$615K−$224K-36%
Share-based compensation$3.1M$2.9M$231K+8%
Working capital & other$738K$15.4M−$14.6M-95%
Cash used in operations$794K−$1.3M$2.1M—
Net loss absorbed$5.0M$17.5M−$12.5M-71%

Questions

How much did Heron Therapeutics's revenue grow year over year in Q3 2026?

Heron Therapeutics's revenue fell $3.0M (-8%) from $38.2M in Q3 2025 to $35.2M in Q3 2026.

What drove Heron Therapeutics's revenue change in Q3 2026?

CINVANTI −$4.0M (-17%); SUSTOL −$1.8M (-92%); Aponvie +$1.5M (+49%).

Q3 2026 results → · Compare in the interactive Sankey →