TARS — Tarsus Pharmaceuticals, Inc.

Nasdaq · Health Care · Biotechnology · CIK 1819790 ·
Last close
$58.14
Market Cap
$2.54B
52W High
$74.39
52W Low
$56.00
ADV30
1,039,848
Next earnings
2026-08-06
Tarsus Pharmaceuticals, Inc., a commercial stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for eye care in the United States. The company offers XDEMVY, a lotilaner ophthalmic solution for the treatment of demodex blepharitis caused by the infestation of Demodex mites. It sells its products to specialty pharmacies and distributors, as well as clinics, hospitals, pharmacies, and federal healthcare programs. The company also develops TP-04, a sterile aqueous gel formulation of lotilaner in Phase 2 trial for the treatment of ocular rosacea; and TP-05, an oral tablet formulation of lotilaner in Phase 2 trial for the prevention of Lyme disease, as well as in pre-clinical studies for community malaria reduction. In addition, it is developing the lotilaner active pharmaceutical ingredient (API) to address diseases in human medicine, including eye care and infectious disease prevention. The company has a development and license agreement with Xi An Grand Chang An Pharmaceutical Co., Ltd. for the development and commercialization of TP-03 in China for the treatment of Demodex blepharitis and meibomian gland disease. Tarsus Pharmaceuticals, Inc. was incorporated in 2016 and is headquartered in Irvine, California.

Quarterly Fundamentals

Revenues vs Net Income (last 4 Q)

Assets vs Liabilities (last 4 Q)

PeriodRevenuesGrossProfit OpIncomeNetIncomeAssets CashLiabilities
Mar 2026 162,054,000 152,658,000 -6,122,000 -6,967,000 581,135,000 102,192,000 232,184,000
Dec 2025 151,668,000 140,741,000 -7,976,000 -8,373,000 562,158,000 183,641,000 218,732,000
Sep 2025 118,697,000 110,388,000 -14,529,000 -12,585,000 534,561,000 112,724,000 199,479,000
Jun 2025 102,660,000 96,423,000 -22,184,000 -20,340,000 494,994,000 96,648,000 162,382,000

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$-12,451,000
Investing CF
$-42,115,000
Financing CF
$143,388,000
CapEx
$-9,859,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.62
As of
2026-05-10

Balance + Analyst (yfinance extras)

Retained Earnings
$-426,628,000
Inventory
$4,372,000
Receivables
$87,109,000
ST Investments
$233,627,000
EBIT TTM
$-56,017,000
Pretax Income TTM
$-64,359,000
Interest Exp TTM
$8,342,000
Analysts
9

Yahoo Snapshot (yfinance, live)

Total Revenue
$535,079,008
EBITDA
$-49,018,000
Free Cash Flow
$-21,268,124
Enterprise Value
$2,459,500,800
Total Cash
$388,732,000
Total Debt
$88,676,000
Shares Out
43,631,052
Trailing EPS
$-1.11
Book Value
$8.07
ROE
-14.0%
ROA
-5.9%
Div Yield

Annual Trend (SEC EDGAR, last 4y)

Revenues vs Net Income (last 4y)

FY endRevenuesOpIncome NetIncomeAssetsLiabilities EquityOCF
Dec 2025 451,360,000 -70,969,000 -66,418,000 562,158,000 218,732,000 -12,451,000
Dec 2024 182,953,000 -120,569,000 -115,554,000 376,991,000 152,457,000 -83,027,000
Dec 2023 17,447,000 -143,158,000 -135,893,000 265,491,000 68,503,000 -117,493,000
Dec 2022 25,816,000 -62,712,000 -62,091,000 227,863,000 34,963,000 -49,030,000

TTM Snapshot

Revenues TTM
$51,229,000
NetIncome TTM
$-100,776,000
OpCashFlow TTM
$0
Assets (Latest)
$376,991,000
Forward EPS
$2.83

Max Pain — expiry 2026-07-17

max pain strike: $70.00 · spot: $58.14 · call oi: 6,993 · put oi: 5,817
Expected Move to 2026-07-17: ±$4.10 (7.05%) — implied range $54.04$62.24 · ATM straddle on $57.50 strike

Peers — same industry

TickerNameMarket CapLastDaily %
KOD Kodiak Sciences Inc. $2.59B $41.31
BCRX BIOCRYST PHARMACEUTICALS INC $2.66B $10.45
VCEL Vericel Corp $2.40B $47.00
ADMA ADMA BIOLOGICS, INC. $2.10B $9.08
MEOBF MESOBLAST LTD $2.00B $1.55

News headlines (Yahoo Finance, 1h cache)

ARPA-H puts $160M into bespoke drug therapies; Biohaven switches up scientific leadership
2026-07-10 08:04 · Yahoo
Tarsus Advances Eye Care Leadership Strategy with Acquisition of iRenix Medical and Late-Stage Asset IRX-101
2026-07-08 20:05 · Yahoo
All You Need to Know About Tarsus Pharmaceuticals (TARS) Rating Upgrade to Buy
2026-07-08 16:00 · Yahoo
Tarsus Pharmaceuticals (TARS) Moves 7.5% Higher: Will This Strength Last?
2026-07-03 09:05 · Yahoo
Sector Update: Healthcare Stocks Higher Late Afternoon
2026-07-01 19:48 · Yahoo
TARS Stock Drops After Culper Research Accuses Tarsus Of Illegal Medicare Copay Scheme
2026-07-01 19:28 · Yahoo
Tarsus Pharmaceuticals Faces Medicare Copay Allegations From Culper Research; Shares Fall
2026-07-01 18:11 · Yahoo
Ultragenyx (RARE) Soars 5.2%: Is Further Upside Left in the Stock?
2026-06-29 14:15 · Yahoo
Biogen (BIIB) Moves 7.0% Higher: Will This Strength Last?
2026-06-29 12:07 · Yahoo
A Look At Tarsus Pharmaceuticals (TARS) Valuation After Recent Share Price Strength And Perceived Discount
2026-06-10 15:12 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.