TARSUS PHARMACEUTICALS, INC. financials
Source: EDGAR filings · Built 2026-06-02T04:08:30Z
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 | -22.31M | -84.59M | -119.00M | -49.54M | 3.16M | -21.59M |
| EBITDA | -69.15M | -119.34M | -142.28M | -62.39M | -11.86M | -26.90M |
| Working Capital | 387.09M | 276.09M | 219.19M | 209.95M | 164.47M | 165.27M |
| Net Debt | -100.60M | -22.36M | -193.22M | -51.34M | -170.14M | -167.30M |
| Operating Margin | -15.72% | -65.90% | -820.53% | -242.92% | -21.32% | — |
| Net Margin | -14.72% | -63.16% | -778.89% | -240.51% | -24.25% | — |
| Return on Equity (ROE) | -19.34% | -51.46% | -68.99% | -32.19% | -8.29% | -16.15% |
| Return on Assets (ROA) | -11.81% | -30.65% | -51.19% | -27.25% | -7.73% | -15.59% |
| Current Ratio | 3.85× | 4.42× | 6.93× | 14.61× | 15.33× | 31.68× |
| Debt-to-Equity | 0.24× | 0.32× | 0.16× | 0.11× | 0.01× | 0.01× |
| Effective Tax Rate | -3.20% | 0.00% | 0.00% | 0.01% | -0.40% | -0.00% |
| Cash Conversion Ratio | 0.19× | 0.72× | 0.86× | 0.79× | -0.27× | 0.79× |
| Accruals Ratio | -0.10× | -0.09× | -0.07× | -0.06× | -0.10× | -0.03× |
| SBC % of Revenue | 9.24% | 15.21% | 113.66% | 52.14% | 14.83% | — |
| CapEx Coverage | -1.26× | -52.98× | -78.22× | -96.90× | 6.40× | -46.36× |
| Free Cash Flow Per Share | $-0.53 | $-2.25 | $-4.05 | $-2.01 | $0.15 | $-3.48 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenues | 451.36M | 182.95M | 17.45M | 25.82M | 57.03M | 0 |
| Research and Development Expense | 64.32M | 53.39M | 50.31M | 42.62M | 41.71M | 18.83M |
| Selling, General and Administrative Expense | 427.32M | 237.31M | 108.70M | 44.95M | — | — |
| Operating Expenses | — | — | 160.60M | 88.53M | 69.18M | 27.00M |
| Operating Income (Loss) | -70.97M | -120.57M | -143.16M | -62.71M | -12.16M | -27.00M |
| Income Tax Expense (Benefit) | 2.06M | 0 | 0 | -4.00K | 55.00K | 1.00K |
| Net Income (Loss) Attributable to Parent | -66.42M | -115.55M | -135.89M | -62.09M | -13.83M | -26.81M |
| Earnings Per Share, Basic | $-1.59 | $-3.07 | $-4.62 | $-2.52 | $-0.67 | $-4.32 |
| Weighted Average Number of Shares Outstanding, Basic | 41.78M | 37.60M | 29.38M | 24.62M | 20.55M | 6.21M |
| Earnings Per Share, Diluted | $-1.59 | $-3.07 | $-4.62 | $-2.52 | $-0.67 | $-4.32 |
| Weighted Average Number of Shares Outstanding, Diluted | 41.78M | 37.60M | 29.38M | 24.62M | 20.55M | 6.21M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 183.64M | 94.82M | 224.95M | 71.66M | 171.33M | 168.13M |
| Assets, Current | 522.78M | 356.70M | 256.13M | 225.38M | 175.95M | 170.66M |
| Assets | 562.16M | 376.99M | 265.49M | 227.86M | 178.91M | 171.97M |
| Long-term Debt | 72.44M | 71.84M | 29.82M | 19.43M | — | — |
| Liabilities, Current | 135.69M | 80.61M | 36.94M | 15.43M | 11.48M | 5.39M |
| Long-term Debt, Excluding Current Maturities | 72.44M | 71.84M | 29.82M | 19.43M | 0 | — |
| Liabilities | 218.73M | 152.46M | 68.50M | 34.96M | 12.18M | 5.99M |
| Stockholders' Equity Attributable to Parent | 343.43M | 224.53M | 196.99M | 192.90M | 166.73M | 165.98M |
| Common Stock, Shares, Outstanding | 42.55M | 38.35M | 34.21M | 26.70M | 20.70M | 20.32M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.45M | -83.03M | -117.49M | -49.03M | 3.75M | -21.14M |
| Payments to Acquire Property, Plant, and Equipment | 9.86M | 1.57M | 1.50M | 506.00K | 586.00K | 456.00K |
| Net Cash Provided by (Used in) Investing Activities | -42.12M | -199.19M | 140.60M | -144.63M | -586.00K | -456.00K |
| Net Cash Provided by (Used in) Financing Activities | 143.39M | 154.66M | 130.18M | 93.99M | 21.00K | 131.77M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -30.47M | 12.97M | -35.28M | -51.63M | -21.24M | -22.25M |
| EBITDA | -5.68M | -7.53M | -14.13M | -21.78M | -25.82M | -23.99M |
| Working Capital | 393.72M | 387.09M | 384.65M | 384.18M | 394.46M | 276.09M |
| Net Debt | -13.52M | -100.60M | -30.21M | -24.20M | -103.42M | -22.36M |
| Gross Margin | 94.20% | — | — | — | 93.35% | — |
| Operating Margin | -3.78% | -5.26% | -12.24% | -21.61% | -33.55% | -36.77% |
| Net Margin | -4.30% | -5.52% | -10.60% | -19.81% | -32.07% | -34.80% |
| Return on Equity (ROE) | -2.00% | -2.44% | -3.76% | -6.12% | -7.34% | -10.29% |
| Return on Assets (ROA) | -1.20% | -1.49% | -2.35% | -4.11% | -5.02% | -6.13% |
| Current Ratio | 3.74× | 3.85× | 4.29× | 5.26× | 5.57× | 4.42× |
| Debt-to-Equity | 0.25× | 0.24× | 0.25× | 0.22× | 0.21× | 0.32× |
| Cash Conversion Ratio | 3.54× | -2.31× | 2.53× | 2.46× | 0.82× | 0.96× |
| Accruals Ratio | 0.03× | -0.05× | 0.04× | 0.06× | -0.01× | -0.00× |
| SBC % of Revenue | 7.38% | 9.44% | 23.09% | 14.77% | 8.85% | 11.15% |
| CapEx Coverage | -4.24× | 3.04× | -9.08× | -31.45× | -35.00× | -308.08× |
| Free Cash Flow Per Share | $-0.71 | $0.31 | $-0.83 | $-1.22 | $-0.54 | $-0.59 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 162.05M | 151.67M | 118.70M | 102.66M | 78.33M | 66.41M |
| Cost of Goods and Services Sold | 9.40M | — | — | — | 5.21M | — |
| Research and Development Expense | 22.35M | 18.04M | 16.28M | 15.59M | 14.41M | 16.87M |
| Selling, General and Administrative Expense | 136.43M | 130.68M | 108.63M | 103.01M | 85.00M | 69.03M |
| Operating Income (Loss) | -6.12M | -7.98M | -14.53M | -22.18M | -26.28M | -24.42M |
| Income Tax Expense (Benefit) | 2.35M | — | — | — | 0 | — |
| Net Income (Loss) Attributable to Parent | -6.97M | -8.37M | -12.59M | -20.34M | -25.12M | -23.11M |
| Earnings Per Share, Basic | $-0.16 | $-0.19 | $-0.30 | $-0.48 | $-0.64 | $-0.59 |
| Weighted Average Number of Shares Outstanding, Basic | 42.96M | 41.78M | 42.61M | 42.36M | 39.35M | 37.60M |
| Earnings Per Share, Diluted | $-0.16 | $-0.19 | $-0.30 | $-0.48 | $-0.64 | $-0.59 |
| Weighted Average Number of Shares Outstanding, Diluted | 42.96M | 41.78M | 42.61M | 42.36M | 39.35M | 37.60M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 102.19M | 183.64M | 112.72M | 96.65M | 175.79M | 94.82M |
| Assets, Current | 537.23M | 522.78M | 501.70M | 474.43M | 480.77M | 356.70M |
| Assets | 581.13M | 562.16M | 534.56M | 494.99M | 500.75M | 376.99M |
| Long-term Debt | 72.60M | 72.44M | 72.28M | 72.13M | 71.98M | 71.84M |
| Liabilities, Current | 143.51M | 135.69M | 117.05M | 90.25M | 86.31M | 80.61M |
| Long-term Debt, Excluding Current Maturities | 72.60M | 72.44M | 72.28M | 72.13M | 71.98M | 71.84M |
| Liabilities | 232.18M | 218.73M | 199.48M | 162.38M | 158.29M | 152.46M |
| Stockholders' Equity Attributable to Parent | 348.95M | 343.43M | 335.08M | 332.61M | 342.46M | 224.53M |
| Common Stock, Shares, Outstanding | 43.02M | 42.55M | 42.45M | 42.21M | 42.00M | 38.35M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -24.65M | 19.33M | -31.78M | -50.04M | -20.65M | -22.18M |
| Payments to Acquire Property, Plant, and Equipment | 5.82M | 6.36M | 3.50M | 1.59M | 590.00K | 72.00K |
| Net Cash Provided by (Used in) Investing Activities | -58.56M | 49.27M | -91.39M | -86.65M | -34.94M | -59.57M |
| Net Cash Provided by (Used in) Financing Activities | 1.20M | 2.31M | 141.08M | 138.51M | 136.56M | 2.93M |
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 (TARS CIK 0001819790),
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.