Tarsus Pharmaceuticals, Inc.

TARS

TARSTarsus Pharmaceuticals, Inc. US flag

NASDAQ Global Select

57.41

USD

-1.52

- -

2.47BMarket Cap

Income Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	- -	- -	- -	57	26	17	183	451
+ Sales & Services Revenue	- -	- -	- -	57	26	17	183	451
- Cost of Revenue	- -	- -	- -	2	1	2	13	31
+ Cost of Goods & Services	- -	- -	- -	2	1	2	13	31
Gross Profit	- -	- -	- -	55	25	16	170	421
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	1	4	27	67	88	159	291	492
+ Selling, General & Admin	- -	1	8	25	45	109	237	427
+ Research & Development	1	3	19	42	43	50	53	64
+ Other Operating Expense	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	-1	-4	-27	-12	-63	-143	-121	-71
- Non-Operating (Income) Loss	- -	- -	- -	2	-1	-7	-5	-7
+ Interest Expense, Net	- -	- -	- -	- -	-1	-7	-8	-7
+ Interest Expense	- -	- -	- -	- -	2	3	7	8
- Interest Income	- -	- -	- -	- -	3	10	15	16
+ Other Non-Op (Income) Loss	- -	- -	- -	2	1	- -	3	1
Pretax Income	-1	-5	-27	-14	-62	-136	-116	-64
- Income Tax Expense (Benefit)	- -	- -	- -	- -	- -	- -	- -	2
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-1	-5	-27	-14	-62	-136	-116	-66
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-1	-5	-27	-14	-62	-136	-116	-66
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-1	-5	-27	-14	-62	-136	-116	-66
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-1	-5	-27	-14	-62	-136	-116	-66
EBIT	-1	-4	-27	-12	-63	-143	-121	-71
EBITDA	-1	-4	-27	-12	-62	-142	-119	-69
EBITDA Margin (%)	- -	- -	- -	-20.77	-241.66	-815.5	-65.23	-15.32
EBITA	-1	-4	-27	-12	-63	-143	-121	-71
Gross Margin (%)	- -	- -	- -	96.36	96.3	90.87	92.99	93.2
Operating Margin (%)	- -	- -	- -	-21.32	-242.92	-820.53	-65.9	-15.72
Profit Margin (%)	- -	- -	- -	-24.25	-240.51	-778.89	-63.16	-14.72
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	1	1	2
Basic Weighted Avg Shares	4	2	6	21	25	29	38	42
Basic EPS, GAAP	-0.31	-1.98	-4.32	-0.67	-2.52	-4.62	-3.07	-1.59
Basic EPS from Cont Ops	-0.31	-1.98	-4.32	-0.67	-2.52	-4.62	-3.07	-1.59
Diluted Weighted Avg Shares	4	2	6	21	25	29	38	42
Diluted EPS, GAAP	-0.31	-1.98	-4.32	-0.67	-2.52	-4.62	-3.07	-1.59
Diluted EPS from Cont Ops	-0.31	-1.98	-4.32	-0.67	-2.52	-4.62	-3.07	-1.59

Balance Sheet (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	2	58	171	176	225	256	357	523
+ Cash, Cash Equivalents & STI	2	58	168	172	217	227	291	417
+ Cash & Cash Equivalents	2	58	168	171	72	225	95	184
+ ST Investments	- -	- -	- -	- -	145	2	197	234
+ Accounts & Notes Receiv	- -	- -	- -	- -	4	18	48	87
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	17	47	85
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	4	1	1	2
+ Inventories	- -	- -	- -	- -	- -	3	3	4
+ Raw Materials	- -	- -	- -	- -	- -	3	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	1	1
+ Finished Goods	- -	- -	- -	- -	- -	- -	2	3
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	3	4	5	8	15	14
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	1	3	2	9	20	39
+ Property, Plant & Equip, Net	- -	- -	1	2	2	3	3	22
+ Property, Plant & Equip	- -	- -	1	2	2	5	5	24
- Accumulated Depreciation	- -	- -	- -	- -	1	1	2	2
+ LT Investments & Receivables	- -	- -	- -	- -	- -	1	3	4
+ LT Investments	- -	- -	- -	- -	- -	1	3	4
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	- -	- -	- -	1	1	5	14	14
+ Total Intangible Assets	- -	- -	- -	- -	- -	4	8	7
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	4	8	7
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	- -	- -	- -	1	1	2	6	6
Total Assets	2	58	172	179	228	265	377	562
+ Payables & Accruals	- -	1	5	10	15	37	62	114
+ Accounts Payable	- -	- -	2	3	5	18	9	16
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	2
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	3	7	9	19	52	95
+ ST Debt	- -	- -	- -	1	1	- -	1	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	1	1	- -	1	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	- -	18	22
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	- -	18	22
Total Current Liabilities	- -	1	5	11	15	37	81	136
+ LT Debt	- -	- -	1	1	19	30	72	72
+ LT Borrowings	- -	- -	- -	- -	19	30	72	72
+ LT Finance Leases	- -	- -	1	1	- -	- -	- -	- -
+ Other LT Liabilities	4	63	- -	- -	- -	2	- -	11
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	4	63	- -	- -	- -	2	- -	11
Total Noncurrent Liabilities	4	64	1	1	20	32	72	83
Total Liabilities	4	64	6	12	35	69	152	219
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	199	213	302	442	585	770
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	- -	- -	199	213	302	442	585	770
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	-1	-6	-33	-47	-109	-245	-360	-427
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	-1	-6	166	167	193	197	225	343
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	-1	-6	166	167	193	197	225	343
Total Liabilities & Equity	2	58	172	179	228	265	377	562
Shares Outstanding	19	19	20	21	27	34	38	43
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	1	2	1	- -	1	- -
Net Debt	-2	-58	-168	-171	-52	-195	-23	-111
Net Debt to Equity	173.93	965.06	-101.29	-102.76	-27.07	-99.06	-10.23	-32.38
Tangible Common Equity Ratio	-56.68	-10.3	96.52	93.19	84.66	73.82	58.65	60.57
Current Ratio	13.31	70.85	31.68	15.33	14.61	6.93	4.42	3.85
Cash Conversion Cycle	- -	- -	- -	-447.94	-1,596.45	-373.76	-257.46	-50.31

Cash Flow Statement (USD)

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	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-1	-5	-27	-14	-62	-136	-116	-66
+ Depreciation & Amortization	- -	- -	- -	- -	- -	1	1	2
+ Non-Cash Items	- -	- -	4	16	14	17	27	38
+ Stock-Based Compensation	- -	- -	1	8	13	20	28	42
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	3	7	- -	-3	- -	-4
+ Chg in Non-Cash Work Cap	- -	- -	1	1	-1	- -	4	15
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	-3	-14	-30	-39
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	-3	-2	-2
+ (Inc) Dec in Prepaid Assets	- -	- -	-2	-2	-1	-3	-7	2
+ Inc (Dec) in Accts Payable	- -	1	4	6	4	12	5	9
+ Inc (Dec) in Other	- -	- -	- -	-2	- -	8	38	45
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-1	-4	-21	4	-49	-117	-83	-12
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	-1	-1	-6	-7	-10
+ Acq of Fixed Prod Assets	- -	- -	- -	-1	-1	-2	-2	-10
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	-4	-5	- -
+ Cash (Repurchase) of Equity	- -	- -	92	- -	74	119	98	135
+ Increase in Capital Stock	- -	- -	92	- -	74	119	98	135
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -	-144	146	-193	-32
+ Dec in LT Investment	- -	- -	- -	- -	5	175	73	362
+ Inc in LT Investment	- -	- -	- -	- -	-149	-29	-266	-394
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	- -	- -	-1	-145	141	-199	-42
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	2	- -	- -	20	10	75	- -
+ Cash From Debt	- -	2	- -	- -	20	10	75	- -
+ Repayments of Debt	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	4	57	40	- -	- -	2	-19	9
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	4	59	132	- -	94	130	155	143
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	2	56	110	3	-100	153	-128	89
EBITDA	-1	-4	-27	-12	-62	-142	-119	-69
EBITDA Margin (%)	- -	- -	- -	-20.77	-241.66	-815.5	-65.23	-15.32
Free Cash Flow	-1	-4	-22	3	-50	-123	-90	-22
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Equity	- -	-2	-22	3	-30	-109	-10	-22
Free Cash Flow per Basic Share	-0.28	-1.63	-3.48	0.15	-2.01	-4.19	-2.38	-0.53
Price/Free Cash Flow	- -	- -	-12.4	106.71	-7.44	-5.31	-27.23	-1,319.94
Cash Flow to Net Income	0.9	0.79	0.79	-0.27	0.79	0.86	0.72	0.19
Capital Expenditures	- -	- -	- -	-1	-1	-6	-7	-10