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flag Incumbent Gov. Katie Hobbs leads in fundraising with $9.3M, outpacing GOP challengers Robson and Biggs.

flag Republican gubernatorial candidates Karrin Taylor Robson and Andy Biggs have raised over $4 million and $1.2 million respectively, with Robson self-funding $2.2 million and Biggs retaining $630,000 in reserves. flag David Schweikert, a new entrant, has $1.1 million available from his congressional campaign. flag Incumbent Democratic Governor Katie Hobbs, facing no primary challenge, has raised nearly $9.3 million total, including $1.5 million in the last quarter, and holds $5.4 million in cash, largely from small donations. flag Her PAC, Copper State Values, has over $2.7 million and can support Democratic legislative efforts, though direct ad spending for Hobbs is limited. flag The race is shaping up as competitive, with heavy investment in messaging and voter outreach.

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