TARS — Tarsus Pharmaceuticals, Inc.

Nasdaq · Health Care · Biotechnology · CIK 1819790 ·
Last close
$72.81
Market Cap
$3.20B
52W High
$73.51
52W Low
$53.89
ADV30
877,792
Next earnings
2026-11-04
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
Jun 2026 173,912,000 161,799,000 -19,908,000 -18,551,000 611,142,000 204,595,000 264,410,000
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

Cashflow TTM (yfinance, fills SEC gap)

Operating CF
$74,158,000
Investing CF
$23,847,000
Financing CF
$9,380,000
CapEx
$-18,155,000
Dividends Paid
Buybacks
EPS Diluted TTM
$-1.09
As of
2026-08-09

Balance + Analyst (yfinance extras)

Retained Earnings
$-452,146,000
Inventory
$4,377,000
Receivables
$98,309,000
ST Investments
$245,095,000
EBIT TTM
$-31,215,000
Pretax Income TTM
$-39,349,000
Interest Exp TTM
$8,134,000
Analysts
8

Yahoo Snapshot (yfinance, live)

Total Revenue
$606,331,008
EBITDA
$-46,195,000
Free Cash Flow
$67,467,872
Enterprise Value
$2,834,242,048
Total Cash
$449,689,984
Total Debt
$88,811,000
Shares Out
43,882,996
Trailing EPS
$-1.07
Book Value
$8.11
ROE
-13.7%
ROA
-5.5%
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
$2.33

Max Pain — expiry 2026-10-16

max pain strike: $62.50 · spot: $71.96 · call oi: 6,099 · put oi: 6,266

Peers — same industry

TickerNameMarket CapLastDaily %
BEAM Beam Therapeutics Inc. $2.93B $28.33
IOVA IOVANCE BIOTHERAPEUTICS, INC. $3.65B $8.06
DNLI Denali Therapeutics Inc. $3.87B $24.20
ADPT Adaptive Biotechnologies Corp $4.08B $25.55
BCRX BIOCRYST PHARMACEUTICALS INC $2.47B $9.68

News headlines (Yahoo Finance, 1h cache)

Tarsus Pharmaceuticals (TARS) Stock Looks Reasonable On Sales While Earnings Stay Weak
2026-08-13 23:14 · Yahoo
Tarsus (TARS) Q2 2026 Earnings Call Transcript
2026-08-13 18:32 · Yahoo
Tarsus Pharmaceuticals Q2 Earnings Call Highlights
2026-08-07 17:04 · Yahoo
Tarsus joins Stargardt race to market with $800m Alkeus takeover
2026-08-07 12:13 · Yahoo
Alkeus, an unorthodox eye drug startup, acquired by Tarsus for up to $800M
2026-08-06 14:07 · Yahoo
Tarsus Reports Second Quarter 2026 Financial Results, Advances Next Phase of Growth
2026-08-06 11:03 · Yahoo
Tarsus Pharmaceuticals to Acquire Alkeus Pharmaceuticals and Advance Eye Care Leadership Position
2026-08-06 11:01 · Yahoo
Tarsus Pharmaceuticals (TARS) Replaces Its Commercial Chief While iRenix Talks Continue
2026-07-16 02:11 · Yahoo
Tarsus Pharmaceuticals Announces Executive Leadership Transition as Company Advances Next Phase of Growth
2026-07-13 20:05 · Yahoo
All You Need to Know About Tarsus Pharmaceuticals (TARS) Rating Upgrade to Buy
2026-07-08 16:00 · Yahoo

Recent Insider Activity

No insider activity indexed for this ticker.