ARROWHEAD PHARMACEUTICALS, INC. (ARWR)
Arrowhead Pharmaceuticals, Inc., founded in 1989 and based in Pasadena, California, is a biopharmaceutical company dedicated to discovering and advancing innovative treatments for complex and challenging-to-treat diseases within the United States. The company's extensive therapeutic pipeline primarily leverages RNA interference (RNAi) technology. Among its advanced clinical programs are: ARO-AAT, a Phase II therapeutic targeting liver diseases associated with alpha-1 antitrypsin deficiency; ARO-APOC3, which is undergoing both Phase 2b and Phase 3 clinical evaluations for hypertriglyceridemia; ARO-ANG3, currently in Phase 2b development to reduce the production of angiopoietin-like protein 3; and ARO-HIF2, a Phase 1b candidate designed to treat clear cell renal cell carcinoma. Arrowhead also has several compounds in earlier clinical development, including ARO-HSD in Phase 1/2a for other liver diseases, ARO-ENaC in Phase 1/2a, aimed at decreasing the epithelial sodium channel alpha subunit in lung airways, and ARO-C3, also in Phase 1/2a, for complement-mediated diseases. Further expanding its diverse portfolio, the company is actively developing ARO-Lung2 for chronic obstructive pulmonary disorder (COPD), ARO-DUX4 for facioscapulohumeral muscular dystrophy, ARO-XDH for uncontrolled gout, and ARO-COV for COVID-19 and other pulmonary-borne pathogens. Beyond its core internal programs, Arrowhead is involved in the progression of JNJ-3989, a subcutaneously administered RNAi therapeutic for chronic hepatitis B virus infection; Olpasiran, intended to reduce apolipoprotein A production; and ARO-AMG1, which targets genetically validated cardiovascular pathways. Strategic collaborations are integral to Arrowhead's development efforts. The company holds a licensing and research agreement with Janssen Pharmaceuticals, Inc. for the co-development of ARO-JNJ1, ARO-JNJ2, and ARO-JNJ3, all RNAi therapeutics focused on liver-expressed targets. Additionally, Arrowhead has a licensing and research partnership with Takeda Pharmaceuticals U.S.A., Inc. to develop an RNAi therapeutic candidate specifically for liver disease.
Sector: Pharmaceutical Preparations
Industry: Biotechnology
Arrowhead Pharmaceuticals, Inc.
NASDAQ:ARWRHealthcare · Biotechnology
-0.98%$59.90
AH$59.75-0.25%vs close
Mkt Cap$8.46B
Float135.7M
O/S141.25M
Vol
$ Vol
RVOL
Inst Own84.4%
SI8.1%
Earnings
Dilution
Financials Summary
Revenue$829.45M
Net Income-$1.63M
Total Assets$1.39B
Free Cash Flow$156.89M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$366.28M
Total Equity$466.05M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:10Reverse splitNov 17, 201110 shares → 1
Balance Sheet Details
Assets$1.39B
Liabilities$881.88M
Accounts Receivable$6.82M
Accounts Payable$17.67M
Inventory$0
PP&E (Net)$426.41M
Goodwill$0
Intangible Assets$6.86M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 |
| Revenue | $829.45M | $3.55M | $240.74M | $243.23M | $138.29M | $87.99M | $168.8M | $16.14M | $31.41M | $158K | $382K | $175K | $290K | $147K | $296K | $620K | $3.76M | $1.3M | $1.21M | $595K | $591K | $196K | $0 | $2K | $9K | $25K | $37K | $60K | $77K |
| YoY Growth | 23258.2% | -98.5% | -1.0% | 75.9% | 57.2% | -47.9% | 945.7% | -48.6% | 19736.5% | -58.6% | 118.3% | -39.7% | 97.6% | -50.4% | -52.2% | -83.5% | 188.4% | 7.9% | 102.9% | 0.8% | 200.9% | - | - | -75.7% | -62.6% | -32.8% | -38.7% | -21.2% | - |
| Cost of Revenue | $0 | $18.59M | $12.49M | $10.42M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.81M | $3.17M | $1.75M | $268K | $4.95M | $9.03M | $14.85M | $11.78M | $7.36M | $644K | $75K | $0 | $87 | $6K | $2K | $3K | $7K | $37K |
| Gross Profit | $829.45M | -$15.04M | $228.24M | $232.81M | $138.29M | $0 | $0 | $0 | $0 | $0 | $0 | -$3.63M | -$2.88M | -$1.6M | $28K | -$4.33M | -$5.26M | -$13.55M | -$10.57M | -$6.76M | -$53K | $122K | $0 | $2K | $3K | $23K | $34K | $54K | $40K |
| Gross Margin | 100.0% | -423.7% | 94.8% | 95.7% | 100.0% | - | - | - | - | - | - | -2076.2% | -993.2% | -1090.8% | 9.5% | -698.7% | -139.9% | -1039.8% | -874.8% | -1135.7% | -9.0% | 61.9% | - | 96.2% | 32.4% | 91.6% | 92.3% | 88.9% | 51.7% |
| Research and Development | $607.16M | $489.22M | $342.31M | $288.5M | $206.34M | $123.54M | $76.63M | $48.3M | $46.25M | $41.45M | $47.27M | $23.14M | $8.71M | $5.39M | $3.28M | $857K | $6.21M | $8.31M | $10.94M | $8.58M | $3.79M | $793K | $3K | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $121.92M | $96.82M | $90.93M | $124.43M | $80.98M | $52.28M | $26.54M | $19.08M | $17.46M | $23.59M | $34.72M | $24.33M | $11.69M | $14.1M | $6.58M | $3.1M | $5.97M | $9.87M | $6.85M | $5.14M | $5.52M | $2.1M | $91K | $144K | $109K | $132K | $90K | $78K | $90K |
| Other | $2.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $514K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.27M | $0 | $0 | $0 | $0 | $108K |
| Total Operating Expenses | $731.1M | $586.04M | $433.24M | $411.32M | $287.32M | $175.21M | $103.17M | $67.38M | $63.71M | $82.45M | $81.99M | $47.47M | $20.4M | $19.49M | $9.86M | $4.47M | $12.18M | $18.18M | $17.78M | $13.72M | $9.31M | $2.89M | $94K | $1.42M | $109K | $132K | $90K | $78K | $198K |
| Operating Income (EBIT) | $98.35M | -$601.08M | -$205M | -$178.51M | -$149.04M | -$93.16M | $61.19M | -$55.94M | -$37M | -$81.74M | -$95.97M | -$53.28M | -$24.59M | -$21.09M | -$9.83M | -$8.8M | -$19.56M | -$35M | -$37.95M | -$20.48M | -$9.59M | -$2.69M | -$94K | -$1.42M | -$106K | -$109K | -$56K | -$24K | -$159K |
| Operating Margin | 11.9% | -16927.1% | -85.2% | -73.4% | -107.8% | -105.9% | 36.3% | -346.5% | -117.8% | -51627.1% | -25124.1% | -30443.6% | -8471.3% | -14358.6% | -3319.5% | -1419.5% | -520.5% | -2685.9% | -3141.4% | -3439.9% | -1624.0% | -1370.7% | - | -62498.4% | -1141.2% | -439.1% | -151.9% | -40.2% | -207.1% |
| Interest Expense | $89.36M | $32.35M | $18.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $98K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Interest Income | $37.29M | $22.72M | $15.3M | $5.03M | $6.12M | $9.19M | $6.96M | $1.05M | $415K | $266K | $729K | $645K | $0 | $36K | $87K | $0 | -$5K | $736.34M | $0 | $0 | $151K | $33K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$46.81M | -$11.38M | -$1.49M | $5.8M | $8.19M | $8.61M | $6.96M | $1.49M | $2.62M | $22K | $4.04M | -$5.44M | -$7.11M | -$1.02M | $1.05M | $1.47M | $19.56M | $35M | $37.95M | $20.48M | $9.59M | $195K | $0 | $1.17M | -$80K | -$28K | -$312K | -$141K | $159K |
| Income Before Tax (EBT) | $51.53M | -$612.46M | -$206.49M | -$172.71M | -$140.85M | -$84.55M | $68.15M | -$54.45M | -$34.38M | -$81.72M | -$91.94M | -$58.72M | -$31.7M | -$22.11M | -$8.79M | $0 | $0 | $0 | $0 | $0 | $0 | -$2.5M | -$94K | -$246K | -$186K | -$138K | -$368K | -$165K | $0 |
| Income Tax Expense | $21.42M | -$2.77M | $2.78M | $3.79M | $2K | $2K | $174K | $2K | $2K | $2K | $2K | $5K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $800 | $800 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$1.63M | -$599.49M | -$205.28M | -$176.06M | -$140.85M | -$84.55M | $67.97M | -$54.45M | -$34.38M | -$81.72M | -$91.94M | -$58.63M | -$31.14M | -$21.13M | -$3.13M | -$5.77M | -$19.31M | -$27.09M | -$29.93M | -$19M | -$6.85M | -$2.53M | -$95K | -$246K | -$186K | -$138K | $593K | -$165K | -$855K |
| Net Income Margin | -0.2% | -16882.4% | -85.3% | -72.4% | -101.9% | -96.1% | 40.3% | -337.3% | -109.5% | -51614.6% | -24068.3% | -33503.0% | -10729.2% | -14383.6% | -1056.6% | -931.2% | -513.8% | -2078.7% | -2477.7% | -3190.4% | -1160.5% | -1287.9% | - | -10865.3% | -1995.5% | -552.9% | 1602.8% | -273.3% | -1115.7% |
| Supplementary Data | |||||||||||||||||||||||||||||
| EPS | -0.01 | -5.00 | -1.92 | -1.67 | -1.36 | -0.84 | 0.72 | -0.65 | -0.47 | -1.34 | -1.60 | -1.25 | -1.30 | -1.90 | -0.44 | -0.90 | -4.27 | -6.91 | -8.35 | -5.95 | -2.61 | -1.88 | -11.78 | -32.47 | -25.97 | -19.48 | 59.30 | -5.16 | -85.45 |
| Diluted EPS | -0.01 | -5.00 | -1.92 | -1.67 | -1.36 | -0.84 | 0.69 | -0.65 | -0.47 | -1.34 | -1.60 | -1.25 | -1.30 | -1.90 | -0.44 | -0.90 | -4.27 | -6.91 | -8.35 | -5.95 | -2.61 | -1.88 | -11.78 | -32.47 | -25.97 | -19.48 | 59.30 | -5.16 | -85.45 |
| Weighted Average OS | 133.76M | 119.78M | 106.75M | 105.43M | 103.75M | 100.72M | 93.86M | 83.64M | 73.15M | 60.99M | 57.36M | 46.90M | 23.96M | 11.12M | 7.18M | 6.43M | 4.52M | 3.92M | 3.59M | 3.20M | 2.54M | 1.33M | 8,085 | 7,583 | 7,154 | 7,061 | 10,000 | 10,000 | 10,000 |
| EBITDA | $164.82M | -$561.51M | -$175.67M | -$162.29M | -$132.58M | -$87.22M | $65.63M | -$51.24M | -$32.31M | -$76.43M | -$93.64M | -$49.76M | -$21.53M | -$19.34M | -$9.56M | $655K | -$18.57M | -$33.87M | -$36.95M | -$19.6M | -$8.95M | -$2.62M | -$94K | -$1.41M | -$103K | -$102K | -$48K | -$15K | -$55K |
| EBITDA Margin | 19.9% | -15812.8% | -73.0% | -66.7% | -95.9% | -99.1% | 38.9% | -317.4% | -102.9% | -48272.9% | -24512.5% | -28433.3% | -7417.3% | -13167.8% | -3229.0% | 105.6% | -494.0% | -2598.9% | -3058.3% | -3291.0% | -1515.0% | -1332.7% | - | -62097.8% | -1103.3% | -408.4% | -130.0% | -25.0% | -71.6% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 |
| Assets | |||||||||||||||||||||||||||||
| Current Assets | |||||||||||||||||||||||||||||
| Cash and Cash Equivalents | $226.55M | $102.69M | $110.89M | $108M | $184.43M | $143.58M | $221.8M | $30.13M | $24.84M | $85.37M | $81.21M | $132.51M | $19.11M | $3.38M | $7.51M | $6.85M | $2.02M | $10.09M | $24.12M | $28.02M | $22.47M | $8.55M | $1.36M | $18K | $271 | $2K | $124 | $1K | $1K |
| Short-Term Investments | $692.82M | $578.28M | $292.74M | $268.39M | $183.35M | $171.91M | $36.9M | $46.4M | $40.77M | $0 | $17.54M | $21.65M | $9.03M | $107K | $635K | $0 | $0 | $0 | $0 | $0 | $77K | $488K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $919.37M | $680.96M | $403.63M | $376.4M | $367.79M | $315.49M | $258.7M | $76.53M | $65.61M | $85.37M | $98.75M | $154.16M | $28.14M | $3.48M | $8.14M | $6.85M | $2.02M | $10.09M | $24.12M | $28.02M | $22.54M | $9.04M | $1.36M | $18K | $271 | $2K | $124 | $1K | $1K |
| Accounts Receivable | $6.82M | $0 | $0 | $1.41M | $10.26M | $846K | $661K | $327K | $68K | $75K | $0 | $0 | $84K | $2.47M | $1.61M | $931K | $147K | $87K | $276K | $74K | $33K | $52K | $0 | $0 | $640 | $1K | $11K | $3K | $10K |
| Inventory | $0 | $0 | $0 | -$21.61M | $4.36M | $4.25M | $3.32M | $1.27M | $867K | $1.29M | $0 | $0 | $0 | $0 | $0 | $239K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13K | $6K | $12K | $14K | $22K | $22K |
| Other Current Assets | $13.52M | $4.97M | $7.08M | $41.82M | -$2.17M | -$2.47M | -$755K | $640K | $1.36M | $3.77M | $824K | $49K | $92K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38K | $0 | $0 | $7K | $0 |
| Total Current Assets | $950.64M | $695.47M | $419.52M | $405.3M | $384.6M | $322.37M | $265.25M | $78.77M | $67.9M | $90.5M | $102.87M | $154.8M | $28.84M | $6.57M | $9.86M | $8.13M | $2.48M | $10.56M | $25.31M | $28.78M | $22.81M | $9.5M | $1.51M | $32K | $46K | $16K | $26K | $30K | $34K |
| Long-Term Assets | |||||||||||||||||||||||||||||
| Property, Plant & Equipment Net | $426.41M | $431.29M | $335.56M | $168.59M | $66.02M | $47.02M | $23.21M | $13.94M | $15.51M | $15.39M | $4.53M | $3.87M | $3.51M | $4.9M | $25K | $141K | $527K | $1.25M | $1.44M | $1.27M | $1.08M | $882K | $2K | $31K | $446 | $49K | $56K | $49K | $64K |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $963K | $1.76M | $399K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $6.86M | $8.56M | $10.26M | $11.96M | $13.66M | $15.36M | $17.06M | $18.76M | $20.46M | $22.16M | $24.82M | $1.01M | $3.24M | $4.78M | $1.73M | $2.05M | $2.36M | $2.75M | $2.94M | $3.35M | $3.28M | $1.06M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $105.87M | $245.59M | $137.49M | $44.18M | $0 | $0 | $0 | $0 | $23.09M | $1.7M | $0 | $1.84M | $2M | $2.22M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1.39M | $4.48M | $210K | $218K | $272K | $265K | $144K | $142K | $142K | $122K | $46K | $41K | $1.73M | $280K | $2.43M | $35K | $110K | $2.7M | $170K | $161K | $110K | $75K | $0 | $0 | $0 | $0 | $0 | $6K | $9K |
| Total Long-Term Assets | $434.66M | $444.33M | $346.03M | $286.64M | $325.55M | $200.13M | $84.6M | $32.84M | $36.12M | $37.67M | $29.4M | $28.02M | $8.49M | $9.96M | $6.03M | $4.22M | $5.22M | $6.69M | $4.55M | $5.75M | $6.23M | $2.42M | $2K | $31K | $446 | $49K | $56K | $55K | $74K |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $1.39B | $1.14B | $765.55M | $691.94M | $710.15M | $522.5M | $349.85M | $111.61M | $104.02M | $128.18M | $132.27M | $182.82M | $37.33M | $16.53M | $15.89M | $12.35M | $7.7M | $17.26M | $29.85M | $34.53M | $29.04M | $11.92M | $1.52M | $64K | $46K | $65K | $82K | $85K | $108K |
| Liabilities | |||||||||||||||||||||||||||||
| Current Liabilities | |||||||||||||||||||||||||||||
| Accounts Payable | $17.67M | $11.39M | $35.87M | $2.87M | $9.46M | $6.83M | $7.65M | $2.81M | $4.08M | $12.23M | $5.03M | $2.58M | $1.2M | $878K | $577K | $682K | $1.01M | $1.34M | $1.35M | $847K | $472K | $541K | $93K | $259K | $180K | $161K | $169K | $1.4M | $1.42M |
| Short-Term Debt | $40M | $6.34M | $10.56M | $2.78M | $2.25M | $1.09M | $0 | $224K | $209K | $194K | $218K | $264K | $1.19M | $215K | $0 | $500K | $727K | $810K | $0 | $0 | $0 | $0 | $0 | $606K | $526K | $524K | $522K | $1.02M | $1.02M |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $2.4M | $0 | $866K | $74.1M | $111.06M | $19.29M | $77.77M | $600 | $5.71M | $3.01M | $103K | $103K | $103K | $38K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $612K | $0 | $0 | $207K | $0 |
| Other Current Liabilities | $80.43M | $63.45M | $40.2M | $46.86M | $14M | $5.41M | $6.7M | $5.4M | $5.31M | $6.24M | $6.72M | $5.63M | $5.32M | $3.07M | $1.81M | $2.88M | $444K | $1.09M | $1.14M | $1.84M | $371K | $82K | $3K | $0 | $0 | $0 | $0 | -$171K | $0 |
| Total Current Liabilities | $195.49M | $103.17M | $105.46M | $138.85M | $146.54M | $40.68M | $97.07M | $12.36M | $18.7M | $25.64M | $15.9M | $11.85M | $8.73M | $5.33M | $2.58M | $4.28M | $2.34M | $3.73M | $2.9M | $2.92M | $1.02M | $690K | $96K | $1.59M | $1.32M | $1.16M | $1.04M | $2.67M | $2.68M |
| Long-Term Liabilities | |||||||||||||||||||||||||||||
| Long-Term Debt | $214.88M | $734.54M | $268.33M | $0 | $0 | $0 | $0 | $2.1M | $2.33M | $2.53M | $0 | $0 | $50K | $839K | $607K | $0 | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $28K | $33K | $39K | $43K | $45K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $55.95M | $131.5M | $0 | $5.04M | $0 | $0 | $2.5M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $367.4M | $0 | $0 | $0 | $0 | $0 | $3.7M | $1.9M | $2.13M | $2.47M | $6.2M | $4.23M | $1.76M | $269K | $136K | $0 | $0 | $500K | $500K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $686.39M | $845.57M | $372.93M | $134.75M | $154.79M | $20.04M | $8.74M | $4M | $4.45M | $7.51M | $6.75M | $4.98M | $2.87M | $2.39M | $742K | $0 | $500K | $1.23M | $500K | $0 | $0 | $0 | $0 | $28K | $33K | $39K | $43K | $45K | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$934.44M | -$1.89M | -$1.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $881.88M | $948.74M | $478.39M | $273.6M | $301.33M | $60.72M | $105.81M | $16.37M | $23.16M | $33.15M | $22.65M | $16.83M | $11.59M | $7.72M | $3.32M | $4.28M | $2.84M | $4.95M | $3.4M | $2.92M | $1.02M | $690K | $96K | $1.61M | $1.35M | $1.19M | $1.08M | $2.71M | $2.68M |
| Stockholders' Equity | |||||||||||||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2K | $2K | $2K | $2K | $114 | $114 |
| Common Stock | $231K | $217K | $200K | $198K | $197K | $195K | $188K | $181K | $167K | $162K | $152K | $147K | $125K | $108K | $86K | $72K | $56K | $43K | $39K | $34K | $28K | $14K | $5K | $5K | $5K | $5K | $5K | $3K | $3K |
| Retained Earnings | -$1.63B | -$1.63B | -$1.03B | -$820.75M | -$644.69M | -$503.84M | -$419.29M | -$487.27M | -$432.82M | -$398.44M | -$316.71M | -$224.77M | -$166.14M | -$135M | -$113.87M | -$110.74M | -$104.97M | -$85.5M | -$58.41M | -$28.48M | -$9.22M | -$2.59M | -$95K | -$9.61M | -$9.37M | -$9.18M | -$9.04M | -$9.47M | -$9.41M |
| Comprehensive Income & Other | $6.44M | $4.75M | -$3.22M | -$136K | -$69K | $18K | -$392K | -$22K | $33K | $7K | -$136K | -$4.19M | -$3.08M | -$1.57M | -$340K | -$1.18M | -$1.03M | -$1.6M | -$1.68M | -$1.09M | -$728K | -$194K | $0 | -$82K | -$11K | -$69K | -$62K | -$92K | -$77K |
| Other Stockholders' Equity | $2.09B | $1.81B | $1.3B | $1.22B | $1.05B | $965.43M | $663.69M | $582.88M | $514.07M | $493.85M | $426.74M | $391.16M | $193.51M | $145.92M | $127.48M | $119.72M | $109.77M | $97.76M | $84.67M | $59.11M | $35.32M | $12.03M | $1.51M | $8.06M | $8.06M | $8.05M | $8.04M | $6.83M | $6.83M |
| Total Equity | $466.05M | $185.44M | $271.34M | $398.52M | $408.82M | $461.78M | $244.59M | $95.8M | $81.42M | $95.58M | $110.18M | $166.54M | $27.5M | $11.03M | $13.69M | $9.05M | $4.86M | $12.3M | $26.3M | $30.67M | $26.13M | $9.45M | $1.42M | -$1.55M | -$1.3M | -$1.13M | -$996K | -$2.63M | -$2.58M |
| Minority Interest | $37.36M | $5.62M | $15.82M | $19.82M | $0 | $0 | -$555K | -$555K | -$555K | -$555K | -$555K | -$555K | -$1.76M | -$1.2M | -$227K | -$967K | $0 | $0 | $153K | $934K | $1.89M | $1.78M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.35B | $1.13B | $749.73M | $672.12M | $710.15M | $522.5M | $350.4M | $112.17M | $104.58M | $128.73M | $132.82M | $183.37M | $39.09M | $18.75M | $17.02M | $13.32M | $7.7M | $17.26M | $29.7M | $33.59M | $27.15M | $10.14M | $1.52M | $64K | $46K | $65K | $82K | $85K | $108K |
| Supplementary Data | |||||||||||||||||||||||||||||
| Total Debt | $366.28M | $851.91M | $383.5M | $81.58M | $25.55M | $21.14M | $0 | $2.33M | $2.53M | $2.73M | $758K | $1.02M | $2.3M | $2.34M | $607K | $500K | $1.23M | $1.54M | $0 | $0 | $0 | $0 | $0 | $634K | $559K | $563K | $565K | $1.34M | $1.02M |
| Net Debt | $139.74M | $749.23M | $272.61M | -$26.43M | -$158.89M | -$122.44M | -$221.8M | -$27.81M | -$22.31M | -$82.64M | -$80.46M | -$131.49M | -$16.81M | -$1.04M | -$6.9M | -$6.35M | -$794K | -$8.56M | -$24.12M | $0 | -$22.47M | -$8.55M | -$1.36M | $615K | $559K | $561K | $565K | $1.34M | $1.02M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 | FY 2006 | FY 2005 | FY 2004 | FY 2003 | FY 2002 | FY 2001 | FY 2000 | FY 1999 | FY 1998 | FY 1997 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 | 2021-09-30 | 2020-09-30 | 2019-09-30 | 2018-09-30 | 2017-09-30 | 2016-09-30 | 2015-09-30 | 2014-09-30 | 2013-09-30 | 2012-09-30 | 2011-09-30 | 2010-09-30 | 2009-09-30 | 2008-09-30 | 2007-09-30 | 2006-09-30 | 2005-09-30 | 2004-09-30 | 2003-09-30 | 2002-09-30 | 2001-09-30 | 2000-09-30 | 1999-09-30 | 1998-09-30 | 1997-09-30 |
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | $30.11M | -$609.69M | -$209.28M | -$176.49M | -$140.85M | -$84.55M | $67.97M | -$54.45M | -$34.38M | -$81.72M | -$91.94M | -$58.63M | -$31.14M | -$21.13M | -$5.29M | -$4.31M | -$19.14M | -$27.09M | -$29.93M | -$19M | -$6.85M | -$2.53M | -$95K | -$246K | -$186K | -$138K | $593K | -$165K | -$855K |
| Depreciation & Amortization | $23.93M | $18.59M | $12.49M | $10.42M | $8.27M | $5.94M | $4.44M | $4.7M | $4.69M | $3.26M | $2.34M | $1.35M | $1.75M | $1.75M | $268K | $655K | $995K | $1.13M | $1M | $887K | $644K | $75K | $90 | $9K | $4K | $8K | $8K | $9K | $104K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $63.37M | $73.97M | $78.13M | $120.89M | $76.67M | $43.38M | $12.39M | $8.45M | $7.89M | $11.6M | $10.23M | $5.7M | $1.54M | $1.24M | $1.38M | $1.42M | $2.68M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||||||||||||
| Accounts Receivable | -$56.97M | $0 | $1.41M | $8.85M | -$9.41M | -$184K | -$334K | -$260K | $7K | -$75K | $0 | $75K | -$65K | -$775K | -$736K | -$872K | -$61K | $189K | -$202K | -$41K | $18K | -$52K | $0 | $568 | $640 | $9K | $3K | $6K | $10K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7K | $6K | $2K | $2K | -$1K | $25K |
| Accounts Payable | $6.29M | -$5.54M | $33M | -$6.59M | $2.63M | -$821K | $4.84M | -$1.27M | -$3.51M | $2.55M | $2.5M | $1.41M | $322K | $292K | $157K | -$203K | -$329K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $32.45M | $30.63M | -$85.95M | -$100.55M | $235.44M | -$60.07M | $82.65M | -$4.35M | $2.3M | $3.24M | $910K | $3.52M | -$117K | $700K | $586K | $174K | -$435K | -$422K | $242K | $1.4M | $426K | $93K | -$62K | $189K | $145K | $38K | $59K | $149K | $53K |
| Total Working Capital Change | -$18.23M | $25.09M | -$51.55M | -$98.29M | $228.66M | -$61.08M | $87.16M | -$5.88M | -$1.21M | $5.72M | $3.41M | $5M | $140K | $216K | $7K | -$902K | -$825K | -$233K | $41K | $1.36M | $445K | $41K | -$62K | $183K | $152K | $49K | $64K | $153K | $88K |
| Other Non-Cash Items | $80.38M | $29.19M | $16.31M | $7.34M | -$1.44M | $505K | $1.07M | -$49K | -$934K | -$3.28M | $10.26M | $11.17M | $8.68M | $2.58M | -$1.75M | -$4.56M | $1.02M | -$1.4M | $5.02M | $1.96M | -$3.33M | $99K | $0 | -$52K | -$52K | $816 | -$701K | $2K | $667K |
| Net Cash from Operating | $179.55M | -$462.85M | -$153.89M | -$136.13M | $171.31M | -$95.8M | $173.03M | -$47.22M | -$23.94M | -$64.43M | -$65.71M | -$35.42M | -$19.03M | -$15.34M | -$5.39M | -$7.7M | -$15.28M | -$27.58M | -$23.87M | -$14.79M | -$9.1M | -$2.31M | -$158K | -$106K | -$82K | -$80K | -$35K | $56 | $5K |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -$22.67M | -$141.47M | -$176.74M | -$52.78M | -$23.57M | -$11.95M | -$12M | -$1.42M | -$7.92M | -$3.86M | -$1.97M | -$1.72M | -$297K | -$480K | -$10K | -$5K | -$40K | -$684K | -$756K | -$935K | -$673K | -$665K | -$2K | -$2K | $0 | -$742 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$10M | $0 | $0 | $121K | -$1.7M | $0 | $0 | $109K | $5.14M | $0 | -$8M | $306K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | -$796.26M | -$720.95M | -$246.14M | -$223.39M | -$240.7M | -$278.96M | -$90.27M | -$52.08M | -$44.97M | $0 | $0 | -$46.37M | -$10.73M | $0 | $0 | $0 | $0 | $0 | $0 | -$18.58M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $689.63M | $442.34M | $326.72M | $270.75M | $122.59M | $50.14M | $54.52M | $46.07M | $4.25M | $17.31M | $26.09M | $11.59M | $1.42M | $509K | $1.53M | $0 | $700K | $0 | $0 | $18.97M | $490K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $500 | $10K | $90K | $290K | $0 | $493K | $79K | -$2M | $0 | $0 | $10.45M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | -$129.29M | -$420.07M | -$96.16M | -$5.42M | -$141.68M | -$240.78M | -$47.75M | -$7.43M | -$48.64M | $13.45M | $14.12M | -$36.48M | -$9.52M | $441K | -$175K | $488K | $739K | -$2.57M | $4.38M | -$542K | $2.27M | -$360K | -$2K | -$2K | $0 | -$742 | $0 | $0 | $0 |
| Financing Activities | |||||||||||||||||||||||||||||
| Debt Repaid | $201.63M | -$392M | - | - | - | - | $2.42M | $209K | $198K | $218K | $214K | $225K | $215K | $197K | - | - | -$2.52M | - | - | - | - | - | - | - | - | - | $1K | $203 | $4K |
| Common Stock Issuance | $270.37M | $431.65M | $3.05M | $5.19M | $0 | $250.48M | $60.52M | $56.59M | $12.42M | $52.23M | $0 | $172.64M | $42.45M | $10.89M | $6.23M | $12.17M | $2.76M | $16.27M | $15.59M | $20.89M | $20.74M | $9.87M | $5K | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$5M | $46.87M | $250M | $60M | $11.3M | $7.47M | $8.28M | $3.58M | -$166K | $3.12M | $505K | $12.88M | $2.06M | $74K | $0 | -$127K | $2M | $0 | $0 | $0 | $0 | $0 | $1.51M | $0 | $0 | $85K | $35K | $0 | $0 |
| Net Cash from Financing | $74.01M | $870.52M | $253.05M | $65.19M | $11.3M | $257.95M | $66.38M | $59.95M | $12.06M | $55.13M | $291K | $185.29M | $44.29M | $10.77M | $6.23M | $12.04M | $6.47M | $16.13M | $15.59M | $20.89M | $20.74M | $9.87M | $1.51M | $126K | $80K | $83K | $34K | -$203 | -$4K |
| Forex Effect | -$401K | $4.2M | -$122K | -$67K | -$88K | $410K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $123.86M | -$8.21M | $2.89M | -$76.43M | $40.85M | -$78.22M | $191.67M | $5.29M | -$60.53M | $4.15M | -$51.3M | $113.4M | $15.74M | -$4.13M | $660K | $4.83M | -$8.07M | -$14.03M | -$3.9M | $5.55M | $13.91M | $7.2M | $1.36M | $18K | -$2K | $2K | -$894 | -$147 | $131 |
| Supplementary Data | |||||||||||||||||||||||||||||
| Operating Cash Flow | $179.55M | -$462.85M | -$153.89M | -$136.13M | $171.31M | -$95.8M | $173.03M | -$47.22M | -$23.94M | -$64.43M | -$65.71M | -$35.42M | -$19.03M | -$15.34M | -$5.39M | -$7.7M | -$15.28M | -$27.58M | -$23.87M | -$14.79M | -$9.1M | -$2.31M | -$158K | -$106K | -$82K | -$80K | -$35K | $56 | $5K |
| Capital Expenditure | -$22.67M | -$141.47M | -$176.74M | -$52.78M | -$23.57M | -$11.95M | -$12M | -$1.42M | -$7.92M | -$3.86M | -$1.97M | -$1.72M | -$297K | -$480K | -$10K | -$5K | -$40K | -$684K | -$756K | -$935K | -$673K | -$665K | -$2K | -$2K | $0 | -$742 | $0 | $0 | $0 |
| Free Cash Flow | $156.89M | -$604.32M | -$330.63M | -$188.91M | $147.75M | -$107.75M | $161.03M | -$48.64M | -$31.86M | -$68.29M | -$67.68M | -$37.13M | -$19.33M | -$15.82M | -$5.4M | -$7.7M | -$15.32M | -$28.27M | -$24.62M | -$15.73M | -$9.77M | -$2.98M | -$160K | -$108K | -$82K | -$81K | -$35K | $56 | $5K |
| Cash at Beginning | $102.69M | $110.89M | $108M | $184.43M | $143.58M | $221.8M | $30.13M | $24.84M | $85.37M | $81.21M | $132.51M | $19.11M | $3.38M | $7.51M | $6.85M | $2.02M | $10.09M | $24.12M | $28.02M | $22.47M | $8.55M | $1.36M | $0 | $271 | $2K | $124 | $1K | $1K | $1K |
| Cash at End | $226.55M | $102.69M | $110.89M | $108M | $184.43M | $143.58M | $221.8M | $30.13M | $24.84M | $85.37M | $81.21M | $132.51M | $19.11M | $3.38M | $7.51M | $6.85M | $2.02M | $10.09M | $24.12M | $28.02M | $22.47M | $8.55M | $1.36M | $18K | $271 | $2K | $124 | $1K | $1K |