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Arcutis Biotherapeutics, Inc. (ARQT) 10-Year Financial Performance & Capital Metrics

ARQT • • Industrial / General
HealthcareBiotechnologyAutoimmune & Inflammatory DiseasesDermatology & Autoimmune
AboutArcutis Biotherapeutics, Inc., a biopharmaceutical company, focuses on developing and commercializing treatments for dermatological diseases. Its lead product candidate is ARQ-151, a topical roflumilast cream that has completed Phase III clinical trials for the treatment of plaque psoriasis and atopic dermatitis. The company is also developing ARQ-154, a topical foam formulation of roflumilast for the treatment of seborrheic dermatitis and scalp psoriasis; ARQ-252, a selective topical janus kinase type 1 inhibitor for hand eczema and vitiligo; and ARQ-255, a topical formulation of ARQ-252 designed to reach deeper into the skin in order to treat alopecia areata. The company was formerly known as Arcutis, Inc. and changed its name to Arcutis Biotherapeutics, Inc. in October 2019. Arcutis Biotherapeutics, Inc. was incorporated in 2016 and is headquartered in Westlake Village, California.Show more
  • Revenue $197M +229.7%
  • EBITDA -$126M +47.4%
  • Net Income -$140M +46.6%
  • EPS (Diluted) -1.16 +69.3%
  • Gross Margin 90.27% -1.5%
  • EBITDA Margin -64.01% +84.1%
  • Operating Margin -65.33% +83.8%
  • Net Margin -71.25% +83.8%
  • ROE -113.76% +35.3%
  • ROIC -47.79% +25.4%
  • Debt/Equity 0.70 -69.8%
  • Interest Coverage -4.73 +41.8%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 88 (top 12%)

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 74.5% in last year
  • ✗Expensive at 20.2x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y-
3Y-
TTM129.21%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM77.33%

EPS CAGR

10Y-
5Y-
3Y-
TTM79.93%

ROCE

10Y Avg-73.98%
5Y Avg-65.31%
3Y Avg-63.55%
Latest-45.65%

Peer Comparison

Dermatology & Autoimmune
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Sector-Specific
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AUPHAurinia Pharmaceuticals Inc.1.96B14.87378.3733.97%29.28%21.28%2.25%0.21
ARGXargenx SE50.33B813.2463.6378.6%23.34%15.14%0.01
INVAInnoviva, Inc.1.48B19.7654.8915.54%32.78%12.61%12.75%0.65
GLPGGalapagos N.V.2.24B34.0330.3814.99%-151.94%-15.16%0.00
PTGXProtagonist Therapeutics, Inc.5.3B84.7520.046.24%21.94%7.11%3.45%0.02
ALMSAlumis Inc. Common Stock2.84B24.17-2.33-11.08%-63.71%0.12
PHATPhathom Pharmaceuticals, Inc.1.17B14.98-2.8380.01%-186.53%
ORKAOruka Therapeutics, Inc.1.57B32.50-6.51-22.44%0.00

Profit & Loss

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+000003.69M59.61M196.54M
Revenue Growth %------15.17%2.3%
Cost of Goods Sold+00195K455K763K754K4.99M19.13M
COGS % of Revenue-----0.2%0.08%0.1%
Gross Profit+00-195K-455K-763K2.93M54.62M177.41M
Gross Margin %-----0.8%0.92%0.9%
Gross Profit Growth %----1.33%-0.68%4.84%17.63%2.25%
Operating Expenses+4.11M19.73M42.94M136.19M206.53M304.56M295.72M305.81M
OpEx % of Revenue-----82.63%4.96%1.56%
Selling, General & Admin695K1.79M6.42M20.88M60.97M122.12M185.15M229.39M
SG&A % of Revenue-----33.13%3.11%1.17%
Research & Development3.41M17.94M36.52M115.31M145.56M182.44M110.58M76.42M
R&D % of Revenue-----49.49%1.86%0.39%
Other Operating Expenses0000173K000
Operating Income+-4.11M-19.73M-43.13M-136.65M-206.53M-301.63M-241.1M-128.4M
Operating Margin %------81.83%-4.04%-0.65%
Operating Income Growth %--3.81%-1.19%-2.17%-0.51%-0.46%0.2%0.47%
EBITDA+00-42.94M-136.19M-205.77M-300.37M-239.22M-125.8M
EBITDA Margin %------81.49%-4.01%-0.64%
EBITDA Growth %----2.17%-0.51%-0.46%0.2%0.47%
D&A (Non-Cash Add-back)4.11M19.73M195K455K763K1.25M1.88M2.6M
EBIT-4.98M-19.25M-42M-135.68M-206.36M-295.81M-229.31M-112.22M
Net Interest Income+001.14M967K173K-15.65M-29.71M-27.17M
Interest Income001.14M967K173K000
Interest Expense0000015.65M29.71M27.17M
Other Income/Expense-872K480K1.14M967K173K-9.83M-17.93M-10.99M
Pretax Income+-4.98M-19.25M-42M-135.68M-206.36M-311.46M-259.03M-139.39M
Pretax Margin %------84.5%-4.35%-0.71%
Income Tax+0000003.11M647K
Effective Tax Rate %1%1%1%1%1%1%1.01%1%
Net Income+-4.98M-19.25M-42M-135.68M-206.36M-311.46M-262.14M-140.04M
Net Margin %------84.5%-4.4%-0.71%
Net Income Growth %--2.87%-1.18%-2.23%-0.52%-0.51%0.16%0.47%
Net Income (Continuing)-4.98M-19.25M-42M-135.68M-206.36M-311.46M-262.14M-140.04M
Discontinued Operations00000000
Minority Interest00000000
EPS (Diluted)+-4.71-0.53-1.10-3.80-4.17-5.66-3.78-1.16
EPS Growth %-0.89%-1.08%-2.45%-0.1%-0.36%0.33%0.69%
EPS (Basic)-4.71-0.53-1.10-3.80-4.17-5.66-3.78-1.16
Diluted Shares Outstanding1.06M36.24M38.09M35.67M49.41M55.03M69.31M120.96M
Basic Shares Outstanding1.06M36.24M38.09M35.67M49.41M55.03M69.31M120.96M
Dividend Payout Ratio--------

Balance Sheet

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+3.82M51.1M106.47M292.83M402.77M437.41M330.43M335.82M
Cash & Short-Term Investments3.42M50.94M101.27M284.44M388.6M409.59M271.86M227.96M
Cash Only3.42M39.39M63.34M65.08M97.99M53.64M88.4M71.33M
Short-Term Investments011.55M37.93M219.36M290.61M355.95M183.46M156.62M
Accounts Receivable000510K362K8.46M25.81M73.07M
Days Sales Outstanding-----837.54158.03135.69
Inventory000007.51M13.13M14.53M
Days Inventory Outstanding-----3.64K961.28277.18
Other Current Assets001.89M1.54M7.66M4.46M9.53M8.82M
Total Non-Current Assets+00538K5.44M5.38M11.87M10.93M13.07M
Property, Plant & Equipment00491K5.37M5.3M4.6M3.9M2.99M
Fixed Asset Turnover-----0.80x15.28x65.65x
Goodwill00000000
Intangible Assets000007.19M6.44M9.48M
Long-Term Investments00000000
Other Non-Current Assets0047K78K78K78K596K596K
Total Assets+3.82M51.1M107.01M298.27M408.15M449.27M341.37M348.89M
Asset Turnover-----0.01x0.17x0.56x
Asset Growth %-12.38%1.09%1.79%0.37%0.1%-0.24%0.02%
Total Current Liabilities+692K2.67M5.24M22.6M33.33M37.81M46.67M81.01M
Accounts Payable537K1.8M1.41M7.14M7.35M8.83M11.99M14.22M
Days Payables Outstanding--2.63K5.73K3.52K4.27K877.7271.35
Short-Term Debt0000433K657K00
Deferred Revenue (Current)00000000
Other Current Liabilities0116K225K176K16.41M13.67M19.07M20.75M
Current Ratio5.52x19.12x20.33x12.96x12.09x11.57x7.08x4.15x
Quick Ratio5.52x19.12x20.33x12.96x12.09x11.37x6.80x3.97x
Cash Conversion Cycle-----201.94241.61141.53
Total Non-Current Liabilities+8.12M72.41M313K5.05M77.15M201.89M206.03M110.33M
Long-Term Debt966K00072.35M197.77M201.8M107.2M
Capital Lease Obligations00129K4.96M4.77M4.12M3.38M2.56M
Deferred Tax Liabilities00000000
Other Non-Current Liabilities7.15M72.41M184K82K25K0849K570K
Total Liabilities8.81M75.08M5.55M27.65M110.47M239.69M252.7M191.35M
Total Debt+966K0307K4.96M77.56M202.54M205.92M110.58M
Net Debt-2.45M-39.39M-63.03M-60.12M-20.43M148.9M117.52M39.25M
Debt / Equity--0.00x0.02x0.26x0.97x2.32x0.70x
Debt / EBITDA--------
Net Debt / EBITDA--------
Interest Coverage------19.27x-8.11x-4.73x
Total Equity+-4.99M-23.99M101.46M270.62M297.68M209.58M88.67M157.54M
Equity Growth %--3.8%5.23%1.67%0.1%-0.3%-0.58%0.78%
Book Value per Share-4.73-0.662.667.596.033.811.281.30
Total Shareholders' Equity-4.99M-23.99M101.46M270.62M297.68M209.58M88.67M157.54M
Common Stock0004K5K6K9K12K
Retained Earnings-5.02M-24.28M-66.27M-201.95M-408.31M-719.76M-981.9M-1.12B
Treasury Stock00000000
Accumulated OCI00-1K-2K-255K-1.09M4K-7K
Minority Interest00000000

Cash Flow

Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-3.77M-14.09M-42.84M-113.03M-174.63M-257.71M-247.06M-112.16M
Operating CF Margin %------69.92%-4.14%-0.57%
Operating CF Growth %--2.73%-2.04%-1.64%-0.54%-0.48%0.04%0.55%
Net Income-4.98M-19.25M-42M-135.68M-206.36M-311.46M-262.14M-140.04M
Depreciation & Amortization0068K122K454K934K1.52M2.6M
Stock-Based Compensation27K151K824K7.94M23.89M32.68M38.81M41.73M
Deferred Taxes000114K3.45M000
Other Non-Cash Items897K2.91M-227K333K309K30.3M-1.75M-1.37M
Working Capital Changes279K2.11M-1.5M14.13M3.62M-10.18M-23.5M-15.08M
Change in Receivables00000-8.46M-17.35M-47.26M
Change in Inventory00000-7.51M-5.62M-400K
Change in Payables537K1.26M-458K5.67M245K1.56M3.15M2.23M
Cash from Investing+0-11.53M-26.32M-181.82M-75.95M-87.2M180.23M28.82M
Capital Expenditures00-295K-321K-995K-23.28M-428K-143K
CapEx % of Revenue-----6.32%0.01%0%
Acquisitions--------
Investments--------
Other Investing0-11.53M0-181.5M-74.96M-22.95M0-5M
Cash from Financing+7.12M61.59M93.1M298.14M281.95M301.8M101.32M66.2M
Debt Issued (Net)--------
Equity Issued (Net)--------
Dividends Paid00000000
Share Repurchases--------
Other Financing7.07M386K-1.14M1.14M470K751K2.42M4.52M
Net Change in Cash--------
Free Cash Flow+-3.77M-14.09M-43.13M-113.35M-175.62M-281M-247.49M-112.3M
FCF Margin %------76.23%-4.15%-0.57%
FCF Growth %--2.73%-2.06%-1.63%-0.55%-0.6%0.12%0.55%
FCF per Share-3.57-0.39-1.13-3.18-3.55-5.11-3.57-0.93
FCF Conversion (FCF/Net Income)0.76x0.73x1.02x0.83x0.85x0.83x0.94x0.80x
Interest Paid00000000
Taxes Paid00000000

Key Ratios

Metric20172018201920202021202220232024
Return on Equity (ROE)---108.41%-72.93%-72.62%-122.8%-175.79%-113.76%
Return on Invested Capital (ROIC)----82.34%-63.52%-71.17%-64.05%-47.79%
Gross Margin-----79.54%91.63%90.27%
Net Margin------8449.76%-439.79%-71.25%
Debt / Equity--0.00x0.02x0.26x0.97x2.32x0.70x
Interest Coverage------19.27x-8.11x-4.73x
FCF Conversion0.76x0.73x1.02x0.83x0.85x0.83x0.94x0.80x
Revenue Growth------1517.09%229.74%

Revenue by Segment

20222023
Other Revenue-30.42M
Other Revenue Growth--
Product3.69M29.19M
Product Growth-691.81%

Frequently Asked Questions

Growth & Financials

Arcutis Biotherapeutics, Inc. (ARQT) reported $317.9M in revenue for fiscal year 2024.

Arcutis Biotherapeutics, Inc. (ARQT) grew revenue by 229.7% over the past year. This is strong growth.

Arcutis Biotherapeutics, Inc. (ARQT) reported a net loss of $44.3M for fiscal year 2024.

Dividend & Returns

Arcutis Biotherapeutics, Inc. (ARQT) has a return on equity (ROE) of -113.8%. Negative ROE indicates the company is unprofitable.

Arcutis Biotherapeutics, Inc. (ARQT) had negative free cash flow of $38.2M in fiscal year 2024, likely due to heavy capital investments.

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