Arcus Biosciences, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:55:07Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -484.00M | -176.00M | -330.00M | 432.00M | -282.00M | 108.00M |
| EBITDA | -376.00M | -320.00M | -332.00M | -274.00M | 58.00M | -121.00M |
| Working Capital | 776.00M | 790.00M | 647.00M | 874.00M | 1.10B | 614.15M |
| Net Debt | -24.00M | 9.00M | -6.00M | -80.00M | -34.45M | -155.31M |
| Operating Margin | -1169.70% | -647.06% | -918.92% | -736.84% | 14.10% | -158.97% |
| Net Margin | -1069.70% | -554.90% | -829.73% | -702.63% | 13.84% | -157.69% |
| Return on Equity (ROE) | -55.94% | -58.35% | -66.45% | -40.64% | 6.29% | -24.50% |
| Return on Assets (ROA) | -30.99% | -24.61% | -28.04% | -19.85% | 3.33% | -15.93% |
| Current Ratio | 4.36× | 4.50× | 4.52× | 5.53× | 7.60× | 6.05× |
| Debt-to-Equity | 0.31× | 0.33× | 0.26× | 0.19× | 0.13× | 0.04× |
| Effective Tax Rate | 0.00% | -0.35% | -1.99% | -0.38% | 3.64% | — |
| Cash Conversion Ratio | 1.37× | 0.60× | 1.00× | -1.64× | -4.83× | -0.90× |
| Accruals Ratio | 0.11× | -0.10× | -0.00× | -0.52× | 0.19× | -0.30× |
| SBC % of Revenue | 181.82% | 149.02% | 197.30% | 171.05% | 14.36% | 28.21% |
| CapEx Coverage | -241.00× | -28.33× | -12.75× | 73.00× | -9.85× | 37.00× |
| Free Cash Flow Per Share | $-4.51 | $-1.95 | $-4.46 | $6.00 | $-3.81 | $1.97 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | — | — | — | — | 57.00× | — |
| P/FCF | — | — | — | 3.45× | — | 13.17× |
| FCF Yield | — | — | — | 29.01% | — | 7.59% |
| EV / EBITDA | — | — | — | — | 48.81× | — |
| P/S | 90.48× | 26.92× | 38.97× | 39.67× | 7.48× | 21.67× |
| P/B | 4.73× | 2.83× | 3.12× | 2.29× | 3.40× | 3.37× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 33.00M | 51.00M | 37.00M | 38.00M | 383.00M | 78.00M |
| Revenues | 247.00M | 258.00M | 117.00M | 112.00M | — | 9.49M |
| Research and Development Expense | 523.00M | 448.00M | 340.00M | 288.00M | 257.00M | 159.00M |
| Operating Expenses | 633.00M | 588.00M | 457.00M | 392.00M | 329.00M | 202.00M |
| Operating Income (Loss) | -386.00M | -330.00M | -340.00M | -280.00M | 54.00M | -124.00M |
| Income Tax Expense (Benefit) | 0 | 1.00M | 6.00M | 1.00M | 2.00M | — |
| Net Income (Loss) Attributable to Parent | -353.00M | -283.00M | -307.00M | -267.00M | 53.00M | -123.00M |
| Earnings Per Share, Basic | $-3.29 | $-3.14 | $-4.15 | $-3.71 | $0.76 | $-2.24 |
| Weighted Average Number of Shares Outstanding, Basic | 107.40M | 90.10M | 74.00M | 72.00M | 69.30M | 54.80M |
| Earnings Per Share, Diluted | $-3.29 | $-3.14 | $-4.15 | $-3.71 | $0.71 | $-2.24 |
| Weighted Average Number of Shares Outstanding, Diluted | 107.40M | 90.10M | 74.00M | 72.00M | 74.00M | 54.80M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 222.00M | 150.00M | 127.00M | 206.00M | 148.00M | 173.41M |
| Assets, Current | 1.01B | 1.02B | 831.00M | 1.07B | 1.26B | 735.82M |
| Assets | 1.14B | 1.15B | 1.09B | 1.34B | 1.59B | 772.29M |
| Long-term Debt | 99.00M | 48.00M | 0 | — | — | — |
| Liabilities, Current | 231.00M | 226.00M | 184.00M | 193.00M | 166.00M | 121.67M |
| Liabilities | — | — | — | — | 750.45M | 269.99M |
| Stockholders' Equity Attributable to Parent | 631.00M | 485.00M | 462.00M | 657.00M | 842.00M | 502.00M |
| Common Stock, Shares, Outstanding | 125.30M | 92.20M | 75.50M | 72.90M | 70.80M | 65.11M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -482.00M | -170.00M | -306.00M | 438.00M | -256.00M | 111.00M |
| Payments to Acquire Property, Plant, and Equipment | 2.00M | 6.00M | 24.00M | 6.00M | 26.00M | 3.00M |
| Net Cash Provided by (Used in) Investing Activities | 66.00M | -84.00M | 194.00M | -413.00M | -4.00M | -434.00M |
| Net Cash Provided by (Used in) Financing Activities | 488.00M | 277.00M | 33.00M | 33.00M | 237.00M | 439.00M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -138.00M | -121.00M | -363.00M | -266.00M | -133.00M | -101.00M |
| EBITDA | -132.00M | -111.00M | — | — | -119.00M | -100.00M |
| Working Capital | 635.00M | 776.00M | 622.00M | 736.00M | 839.00M | 790.00M |
| Net Debt | -88.00M | -24.00M | -127.00M | -139.00M | -132.00M | 9.00M |
| Operating Margin | -1914.29% | -1036.36% | -2366.67% | -100.00% | -1525.00% | -447.83% |
| Net Margin | -1828.57% | -963.64% | -2250.00% | 0.00% | -1400.00% | -408.70% |
| Return on Equity (ROE) | -24.43% | -16.80% | -30.96% | 0.00% | -21.09% | -19.38% |
| Return on Assets (ROA) | -12.84% | -9.31% | -13.86% | 0.00% | -9.69% | -8.17% |
| Current Ratio | 4.04× | 4.36× | 3.65× | 4.50× | 5.37× | 4.50× |
| Debt-to-Equity | 0.22× | 0.31× | 0.25× | 0.20× | 0.11× | 0.33× |
| Effective Tax Rate | 0.00% | 0.00% | 0.00% | — | 0.00% | -1.08% |
| Cash Conversion Ratio | 1.08× | 1.13× | 2.68× | — | 1.18× | 1.06× |
| Accruals Ratio | 0.01× | 0.01× | 0.23× | 0.25× | 0.02× | 0.01× |
| SBC % of Revenue | 271.43% | 136.36% | 750.00% | 387.50% | 200.00% | 73.91% |
| CapEx Coverage | — | -120.00× | -362.00× | -265.00× | -132.00× | -100.00× |
| Free Cash Flow Per Share | $-1.10 | $-1.13 | $-3.41 | $-2.50 | $-1.35 | $-1.12 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 7.00M | 11.00M | 6.00M | 8.00M | 8.00M | 23.00M |
| Revenues | 17.00M | 33.00M | 26.00M | 160.00M | 28.00M | 26.00M |
| Research and Development Expense | 122.00M | 121.00M | 141.00M | 139.00M | 122.00M | 101.00M |
| Operating Expenses | 151.00M | 147.00M | 168.00M | 168.00M | 150.00M | 129.00M |
| Operating Income (Loss) | -134.00M | -114.00M | -142.00M | -8.00M | -122.00M | -103.00M |
| Income Tax Expense (Benefit) | 0 | 0 | 0 | 0 | 0 | 1.00M |
| Net Income (Loss) Attributable to Parent | -128.00M | -106.00M | -135.00M | 0 | -112.00M | -94.00M |
| Earnings Per Share, Basic | $-1.02 | $-0.90 | $-1.27 | $0.00 | $-1.14 | $-1.03 |
| Weighted Average Number of Shares Outstanding, Basic | 125.40M | 107.40M | 106.50M | 106.10M | 98.40M | 90.10M |
| Earnings Per Share, Diluted | $-1.02 | $-0.90 | $-1.27 | $0.00 | $-1.14 | $-1.03 |
| Weighted Average Number of Shares Outstanding, Diluted | 125.40M | 107.40M | 106.50M | 106.50M | 98.40M | 90.10M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 201.00M | 222.00M | 238.00M | 248.00M | 192.00M | 150.00M |
| Assets, Current | 844.00M | 1.01B | 857.00M | 946.00M | 1.03B | 1.02B |
| Assets | 997.00M | 1.14B | 974.00M | 1.07B | 1.16B | 1.15B |
| Long-term Debt | 100.00M | 99.00M | 98.00M | 97.00M | 48.00M | 48.00M |
| Liabilities, Current | 209.00M | 231.00M | 235.00M | 210.00M | 192.00M | 226.00M |
| Stockholders' Equity Attributable to Parent | 524.00M | 631.00M | 436.00M | 549.00M | 531.00M | 485.00M |
| Common Stock, Shares, Outstanding | 125.50M | 125.30M | 107.10M | 106.40M | 105.90M | 92.20M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -138.00M | -120.00M | -362.00M | -265.00M | -132.00M | -100.00M |
| Payments to Acquire Property, Plant, and Equipment | 0 | 1.00M | 1.00M | 1.00M | 1.00M | 1.00M |
| Net Cash Provided by (Used in) Investing Activities | 114.00M | -182.00M | 248.00M | 169.00M | 32.00M | 51.00M |
| Net Cash Provided by (Used in) Financing Activities | 3.00M | 286.00M | 202.00M | 194.00M | 142.00M | -2.00M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RCUS CIK 0001724521),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.