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Heron Therapeutics Q4 revenue dips as Acute Care segment holds fort

ReutersFeb 26, 2026 1:10 PM


Overview

  • Biotechnology firm's Q4 2025 net revenue was $40.6 mln, slightly down yr/yr

  • Acute Care franchise revenue grew 57.3% yr/yr in Q4 2025

  • Company projects 2026 net revenue of $173 to $183 mln


Outlook

  • Heron expects 2026 net revenue between $173 mln and $183 mln

  • Company forecasts 2026 adjusted EBITDA between $10 mln and $20 mln

  • Heron cites improved reimbursement clarity as a factor for 2026 revenue growth


Result Drivers

  • ZYNRELEF ADOPTION - Enhanced distributor incentives and CMS approval of a product-specific J-Code accelerated ZYNRELEF adoption

  • APONVIE UTILIZATION - Inclusion in guidelines and dedicated sales team boosted APONVIE utilization

  • ACUTE CARE GROWTH - Strategic decisions led to 65% yr/yr net revenue growth in Acute Care franchise


Company press release: ID:nGNX6GzT8R


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Net Product Sales

$40.59 mln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy"

  • Wall Street's median 12-month price target for Heron Therapeutics Inc is $4.00, about 270.4% above its February 25 closing price of $1.08


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

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