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Side-by-side financial comparison of ARROWHEAD PHARMACEUTICALS, INC. (ARWR) and Figure Technology Solutions, Inc. (FIGR). Click either name above to swap in a different company.

ARROWHEAD PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($264.0M vs $156.4M, roughly 1.7× Figure Technology Solutions, Inc.). Figure Technology Solutions, Inc. runs the higher net margin — 57.3% vs 11.7%, a 45.6% gap on every dollar of revenue.

Arrowhead Pharmaceuticals, Inc. is a publicly traded biopharmaceutical company based in Pasadena, California. Arrowhead's products in development act through RNA interference (RNAi) mechanisms of action. The company focuses on treatments for hepatitis B, liver disease associated with alpha 1-antitrypsin deficiency and cardiovascular disease.

Figure Technology Solutions, Inc. is a financial technology company in Reno, Nevada, United States. Established in 2018, it develops and operates blockchain-based platforms used in lending, capital markets, and asset management.

ARWR vs FIGR — Head-to-Head

Bigger by revenue
ARWR
ARWR
1.7× larger
ARWR
$264.0M
$156.4M
FIGR
Higher net margin
FIGR
FIGR
45.6% more per $
FIGR
57.3%
11.7%
ARWR

Income Statement — Q1 FY2026 vs Q3 FY2025

Metric
ARWR
ARWR
FIGR
FIGR
Revenue
$264.0M
$156.4M
Net Profit
$30.8M
$89.6M
Gross Margin
Operating Margin
15.5%
33.7%
Net Margin
11.7%
57.3%
Revenue YoY
10461.3%
Net Profit YoY
117.8%
EPS (diluted)
$0.22
$0.34

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARWR
ARWR
FIGR
FIGR
Cash + ST InvestmentsLiquidity on hand
$715.0M
$1.1B
Total DebtLower is stronger
$466.8M
Stockholders' EquityBook value
$568.4M
$1.2B
Total Assets
$1.6B
$2.2B
Debt / EquityLower = less leverage
0.40×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARWR
ARWR
FIGR
FIGR
Q4 25
$715.0M
Q3 25
$1.1B
Total Debt
ARWR
ARWR
FIGR
FIGR
Q4 25
Q3 25
$466.8M
Stockholders' Equity
ARWR
ARWR
FIGR
FIGR
Q4 25
$568.4M
Q3 25
$1.2B
Total Assets
ARWR
ARWR
FIGR
FIGR
Q4 25
$1.6B
Q3 25
$2.2B
Debt / Equity
ARWR
ARWR
FIGR
FIGR
Q4 25
Q3 25
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARWR
ARWR
FIGR
FIGR
Operating Cash FlowLast quarter
$13.5M
$49.3M
Free Cash FlowOCF − Capex
$11.3M
FCF MarginFCF / Revenue
4.3%
Capex IntensityCapex / Revenue
0.8%
Cash ConversionOCF / Net Profit
0.44×
0.55×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARWR
ARWR
FIGR
FIGR
Q4 25
$13.5M
Q3 25
$49.3M
Free Cash Flow
ARWR
ARWR
FIGR
FIGR
Q4 25
$11.3M
Q3 25
FCF Margin
ARWR
ARWR
FIGR
FIGR
Q4 25
4.3%
Q3 25
Capex Intensity
ARWR
ARWR
FIGR
FIGR
Q4 25
0.8%
Q3 25
Cash Conversion
ARWR
ARWR
FIGR
FIGR
Q4 25
0.44×
Q3 25
0.55×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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