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How Heron Therapeutics (HRTX) makes money

Heron Therapeutics (HRTX) made $37.7M of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. CINVANTI brought in $21.8M (58%); ZYNRELEF brought in $11.1M (29%); Aponvie brought in $4.3M (11%).

Drawing the Sankey…

Heron Therapeutics revenue by segment, Q2 2026Heron Therapeutics revenue by segment, Q2 2026CINVANTI$21.8MZYNRELEF$11.1MAponvie$4.3MSUSTOL$540K
Heron Therapeutics: revenue by line, Q4 2024 to Q2 2026Heron Therapeutics: revenue by line, Q4 2024 to Q2 2026CINVANTIZYNRELEFAponvieSUSTOLCINVANTI: $21.8M latest$21.8MZYNRELEF: $11.1M latest$11.1MAponvie: $4.3M latest$4.3MSUSTOL: $540K latestQ4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026
ZYNRELEF went from 21% of revenue in Q4 2024 to 29% in Q2 2026, the largest shift in the mix.
Heron Therapeutics revenue by quarterHeron Therapeutics revenue by quarter$40.8MQ4 2024$38.9MQ1 2025$37.2MQ2 2025$38.2MQ3 2025$40.6MQ4 2025$34.7MQ1 2026$37.7MQ2 2026

Revenue by segment, Q2 2026

SegmentRevenueShareQ/QY/Y
CINVANTI$21.8M57.9%+6%-10%
ZYNRELEF$11.1M29.4%+8%+35%
Aponvie$4.3M11.4%+26%+74%
SUSTOL$540K1.4%-1%-78%

Where each dollar of revenue goes

LineQ2 2026% of revenue
Revenue$37.7M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q2 2026$37.7M+1%
Q1 2026$34.7M-11%
Q4 2025$40.6M-0.5%
Q3 2025$38.2M+16%
Q2 2025$37.2M+3%
Q1 2025$38.9M+12%
Q4 2024$40.8M+19%

From Heron Therapeutics' 10-Q filed Aug 10, 2026 (on EDGAR).

Questions

How does Heron Therapeutics make money?

Heron Therapeutics (HRTX) made $37.7M of revenue in the second quarter 2026 (Q2 2026), +1% from a year earlier. CINVANTI brought in $21.8M (58%); ZYNRELEF brought in $11.1M (29%); Aponvie brought in $4.3M (11%).

What is Heron Therapeutics' biggest business?

CINVANTI: $21.8M in the second quarter 2026, 58% of revenue, -10% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.