Arcturus Therapeutics Holdings Inc. (ARCT) Revenue History
Annual and quarterly revenue from 2011 to present
ARCT Revenue Over Time (2011–2025)
ARCT Revenue Growth History
5 of 10 years with positive growth- FY2011 revenue growth
- N/A
- FY2012 revenue growth
- N/A
- FY2013 revenue growth
- N/A
- FY2014 revenue growth
- N/A
- FY2015 revenue growth
- N/A
- FY2016 revenue growth
- +232.1%
- FY2017 revenue growth
- -36.2%
- FY2018 revenue growth
- +21.2%
- FY2019 revenue growth
- +32.0%
- FY2020 revenue growth
- -54.1%
- FY2021 revenue growth
- +29.6%
- FY2022 revenue growth
- +1564.8%
- FY2023 revenue growth
- -23.3%
- FY2024 revenue growth
- -12.3%
- FY2025 revenue growth
- -51.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $610K | -97.9% |
| Q4 2025 | $3.1M | -85.3% |
| Q3 2025 | $17.2M | -55.8% |
| Q2 2025 | $24.5M | -46.7% |
| Q1 2025 | $29.4M | -9.9% |
| Q4 2024 | $21.0M | -16.3% |
| Q3 2024 | $38.8M | -10.5% |
| Q2 2024 | $46.0M | +337.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2025)
ARCT's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
ARCT Revenue Analysis (2011–2025)
Current Revenue & Growth
As of June 22, 2026, Arcturus Therapeutics Holdings Inc. (ARCT) generated trailing twelve-month (TTM) revenue of $45.4 million, reflecting significant decline in growth of -97.9% year-over-year. The most recent quarter (Q1 2026) recorded $610,000 in revenue, down 80.2% sequentially.
Historical Growth Trajectory
ARCT's 5-year compound annual growth rate (CAGR) stands at +47.8%, indicating outstanding long-term growth trajectory. The 3-year CAGR of -31.1% is below the 5-year average, signalling a growth deceleration in recent years. Arcturus Therapeutics Holdings Inc.'s highest annual revenue of $205.8 million was recorded in 2022.
Revenue by Segment
ARCT's revenue is primarily driven by Collaboration Revenue (82%), and Grant (18%). With over half of revenue concentrated in Collaboration Revenue, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Healthcare sector peers — including MRNA (-29.1% YoY), BNTX (+4.0% YoY), and NTLA (+45.0% YoY) — ARCT has underperformed the peer group in revenue growth. Compare ARCT vs MRNA →
ARCT Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ARCTCurrent | $45M | -97.9% | +47.8% | -111.5% | |
 MRNA | $1.9B | -29.1% | +19.3% | -158.1% | |
 BNTX | $2.8B | +4.0% | +41.7% | -22.6% | |
 NTLA | $68M | +45.0% | +3.1% | -651.7% | |
 CRSP | $4M | -88.9% | +37.3% | -16191.4% | |
 BEAM | $140M | +108.0% | +466.3% | -274.6% |
ARCT Historical Revenue Data (2011–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $67.2M | -51.4% | $64.2M | 95.5% | $-74,955,000 | -111.5% |
| 2024 | $138.4M | -12.3% | $138.4M | 100.0% | $-95,669,000 | -69.1% |
| 2023 | $157.7M | -23.3% | $157.7M | 100.0% | $-78,205,000 | -49.6% |
| 2022 | $205.8M | +1564.8% | $205.8M | 100.0% | $12.2M | 5.9% |
| 2021 | $12.4M | +29.6% | $12.4M | 100.0% | $-202,852,000 | -1641.3% |
| 2020 | $9.5M | -54.1% | $-46,407,000 | -486.5% | $-71,524,000 | -749.8% |
| 2019 | $20.8M | +32.0% | $20.8M | 100.0% | $-25,513,000 | -122.7% |
| 2018 | $15.8M | +21.2% | $-1,229,000 | -7.8% | $-21,811,000 | -138.5% |
| 2017 | $13.0M | -36.2% | $12.6M | 96.8% | $-10,492,000 | -80.7% |
| 2016 | $20.4M | +232.1% | $20.1M | 98.6% | $-25,167,000 | -123.5% |
| 2015 | $6.1M | - | $6.1M | 99.2% | $-19,698,000 | -320.9% |
| 2014 | $0 | - | $0 | - | $-33,078,000 | - |
| 2013 | $0 | - | $0 | - | $-10,290,000 | - |
| 2012 | $0 | - | $0 | - | $-1,501,000 | - |
| 2011 | $0 | - | $0 | - | $-3,906,000 | - |
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
15+ years return with dividends reinvested.
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Peer Comparison
Compare growth, multiples, and margins vs sector.
ARCT — Frequently Asked Questions
Quick answers to the most common questions about buying ARCT stock.
Is ARCT's revenue growth accelerating or slowing?
ARCT revenue is declining -97.9% year-over-year. TTM revenue fell to $45M, contrasting with the 5-year CAGR of +47.8%. The reversal reflects either macro headwinds or company-specific challenges.
What is ARCT's revenue history from 2011 to 2026?
Arcturus Therapeutics Holdings Inc. (ARCT) revenue history spans 2011 to 2026. TTM revenue as of 2026 is $45M, growing at -97.9% YoY. The 5-year CAGR is +47.8%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ARCT's long-term revenue growth rate (CAGR)?
Arcturus Therapeutics Holdings Inc.'s 5-year revenue CAGR of +47.8% reflects the variable nature of its business expansion. As of 2026, the current YoY growth rate of -97.9% is below this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ARCT.
Why does ARCT's quarterly revenue fluctuate?
ARCT quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Arcturus Therapeutics Holdings Inc.'s revenue data from 2011 to 2026 shows full historical quarterly detail on this page.
How is ARCT's revenue distributed by segment?
ARCT reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ARCT's revenue compare to industry peers?
Arcturus Therapeutics Holdings Inc. (ARCT) with TTM revenue of $45M and -97.9% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.