earnings
confidence high
sentiment negative
materiality 0.80
Arrowhead Q2 revenue $73.7M, net loss $0.93; REDEMPLO strong; $930M capital raise; Madrigal license
ARROWHEAD PHARMACEUTICALS, INC.
2026-Q2 EPS reported
-$0.73
revenue$337,770,000
- Q2 revenue $73.7M (down 86% YoY); net loss $132.7M ($0.93 diluted EPS) vs prior-year income $370.4M ($2.75 EPS).
- REDEMPLO launch: >400 prescriptions, ~180 patients shipped, ~30 new scripts/week, 85% APOC3-naive patients.
- Licensed ARO-PNPLA3 to Madrigal for $25M upfront, up to $975M milestones, tiered royalties (high-single to mid-teens).
- Raised $930M: $700M zero-coupon converts due 2032 (35% premium) and $230M stock at $64.50/sh.
- Obesity: ARO-INHBE combo -9.4% weight loss wk16 (vs -4.8%); ARO-ALK7 -88% mRNA knockdown, -14.1% visceral fat.