Tarsus Pharmaceuticals, Inc.

Tarsus Pharmaceuticals, Inc.

TARS
Tarsus Pharmaceuticals, Inc.US flagNASDAQ Global Select
90.78
USD
+7.58
- -
3.91BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
2.77
1.05
0.59
4.87
10.8
14.12
Basic EPS, GAAP
-0.31
-1.98
-4.32
-0.67
-2.52
-4.62
-3.07
-1.59
-1.08
Free Cash Flow per Basic Share
-0.28
-1.63
-3.48
0.15
-2.01
-4.19
-2.38
-0.53
1.3
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.07
-0.32
8.17
8.06
7.22
5.76
5.85
8.07
8.01
Tangible Book Value per Share
-0.07
-0.32
8.17
8.06
7.22
5.64
5.64
7.9
7.85
Basic Weighted Avg Shares
4
2
6
21
25
29
38
42
43
Sales/Revenue/Turnover
- -
- -
- -
57
26
17
183
451
606
Operating Margin (%)
- -
- -
- -
-21.32
-242.92
-820.53
-65.9
-15.72
-8
Depreciation Expense
- -
- -
- -
- -
- -
1
1
2
2
Net Income, GAAP
-1
-5
-27
-14
-62
-136
-116
-66
-46
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
- -
- -
- -
-24.25
-240.51
-778.89
-63.16
-14.72
-7.67
Working Capital
2
57
165
164
210
219
276
387
386
LT Debt
- -
- -
1
1
19
30
72
72
73
Total Equity
-1
-6
166
167
193
197
225
343
347
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-8.31
-34.53
-69.71
-54.83
-23.39
-13.68

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
72
73
73
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
43
43
43
Market Capitalization
3,484
3,018
2,723

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
523
537
562
Cash, Cash Equivalents & STI
417
389
450
Accounts Receivable, Net
85
100
96
Inventories
4
5
4
Total Current Liabilities
136
144
176
Payables & Accruals
114
111
150
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
17.04%
52.95%
Free Cash Flow
- -
-347.04%
-75.1%
Net Income, GAAP
- -
72.4%
-42.52%
Sales/Revenue/Turnover
- -
- -
146.71%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
28
41
48
66
183
2025
78
103
119
152
451
2026
162
174
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.01
-0.88
-0.61
-0.6
-3.07
2025
-0.64
-0.48
-0.3
-0.2
-1.59
2026
-0.16
-0.43
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Bobak R. Azamian
Full Time Employees
370
Sector
Healthcare
Industry
Biotechnology
Address
15440 Laguna Canyon Road Irvine CA United States of America 92618
IPO Date
Oct 16, 2020
Business
Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) is a commercial-stage biopharmaceutical company focused on the development and commercialization of novel therapies targeting diseases of the eye and infectious conditions in the United States; its lead commercialized product is XDEMVY (lotilaner ophthalmic solution) 0.25%, the first and only FDA-approved treatment for Demodex blepharitis caused by Demodex mite infestation, as well as for associated meibomian gland disease; the company advances a pipeline of wholly owned lotilaner-based candidates, including TP-04 (lotilaner ophthalmic gel) for ocular rosacea, TP-05 for Lyme disease prophylaxis and community malaria reduction, and lotilaner active pharmaceutical ingredient for additional eye care and infectious disease prevention applications. Founded in 2016 and headquartered in Irvine, California, Tarsus operates primarily in the biotechnology sector with emphasis on eye care and parasitology-driven therapeutics for patients underserved by existing treatments. In recent developments, the company reports robust growth in XDEMVY net product sales, reaching $78.3 million in Q1 2025 (up 217% year-over-year), $118.7 million in Q3 2025 (up 147% year-over-year), and projecting $140-145 million for Q4 2025, supported by expanded payer coverage exceeding 90% of U.S. patients, sales force enhancements, and direct-to-consumer campaigns; Tarsus strengthened its balance sheet with a $135 million public equity offering in Q1 2025, bringing cash reserves to approximately $408 million, while planning Phase 2 initiation for TP-04 in ocular rosacea in H2 2025 and advancing studies for TP-05.

Company News

  • Tarsus Pharmaceuticals Completes Acquisition of Alkeus Pharmaceuticals, Expanding Leadership in Eye Care

  • 114,458 Shares in Tarsus Pharmaceuticals, Inc. $TARS Bought by Bank of New York Mellon Corp

  • Alkeus Announces Publication in JAMA Ophthalmology of Efficacy and Safety Results from the TEASE-1 Study of Gildeuretinol in Stargardt Disease

  • Tarsus to Participate in Upcoming Investor Conferences

  • Alkeus Pharmaceuticals Announces Japan Ministry of Health, Labour and Welfare (MHLW) Has Granted Orphan Drug Designation to Gildeuretinol for Stargardt Disease

  • Tarsus Pharmaceuticals Q2 Earnings Call Highlights

  • Tarsus Pharmaceuticals, Inc. (TARS) Q2 2026 Earnings Call Transcript

  • Tarsus Pharmaceuticals, Inc. (TARS) Reports Q2 Loss, Tops Revenue Estimates

  • Tarsus Reports Second Quarter 2026 Financial Results, Advances Next Phase of Growth

  • Tarsus Pharmaceuticals Announces Oversubscribed $125.0 Million Private Placement Equity Financing

  • Tarsus Pharmaceuticals to Acquire Alkeus Pharmaceuticals and Advance Eye Care Leadership Position

  • Tarsus to Report Second Quarter 2026 Financial Results on Thursday, August 6, 2026

  • Tarsus Pharmaceuticals, Inc. (TARS) May Report Negative Earnings: Know the Trend Ahead of Q2 Release

  • Caxton Associates LLP Has $1.06 Million Holdings in Tarsus Pharmaceuticals, Inc. $TARS

  • Tarsus Pharmaceuticals: Q2 2026 Rebound In Sales Possible, Catalysts Approaching

  • Tarsus Pharmaceuticals Announces Executive Leadership Transition as Company Advances Next Phase of Growth

  • Tarsus Pharmaceuticals Enters Retina Market With iRenix Deal, Adds IRX-101 to Pipeline

  • Tarsus Buys iRenix in Deal Worth Up to $565 Million, Adds Late-Stage Eye Drug

  • Tarsus Pharmaceuticals, Inc. (TARS) M&A Call Transcript

  • Tarsus Advances Eye Care Leadership Strategy with Acquisition of iRenix Medical and Late-Stage Asset IRX-101