8-K Announcements
6May 6, 2026·SEC
Feb 25, 2026·SEC
Dec 8, 2025·SEC
Arcutis Biotherapeutics, Inc. (ARQT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Get notified when ARQT posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Arcutis Biotherapeutics, Inc. (ARQT) stock price & volume — 10-year historical chart
Arcutis Biotherapeutics, Inc. (ARQT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Arcutis Biotherapeutics, Inc. (ARQT) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.09vs $0.02-350.0% | $105Mvs $104M+1.7% |
| Q1 2026 | Feb 25, 2026 | $0.13vs $0.03+333.3% | $130Mvs $113M+14.5% |
| Q4 2025 | Oct 28, 2025 | $0.06vs $0.10+160.0% | $99Mvs $111M-10.4% |
| Q3 2025 | Aug 6, 2025 | $0.13vs $0.18+27.8% | $82Mvs $81M+1.1% |
Arcutis Biotherapeutics, Inc. (ARQT) competitors in Commercial Specialty Pharma — business model, growth, and fundamentals comparison
Arcutis Biotherapeutics, Inc. (ARQT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Arcutis Biotherapeutics, Inc. (ARQT) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 0 | 0 | 0 | 0 | 0 | 3.69M | 59.61M | 196.54M | 376.07M | 415.62M |
Revenue Growth % | - | - | - | - | - | - | 1517.09% | 229.74% | 91.34% | 95.29% |
Cost of Goods Sold | 0 | 0 | 195K | 455K | 763K | 754K | 4.99M | 19.13M | 36.7M | 37.65M |
COGS % of Revenue | - | - | - | - | - | 20.46% | 8.37% | 9.73% | 9.76% | - |
Gross Profit | 0▲ 0% | 0▲ 0% | -195K▲ 0% | -455K▼ 133.3% | -763K▼ 67.7% | 2.93M▲ 484.3% | 54.62M▲ 1762.9% | 177.41M▲ 224.8% | 339.38M▲ 91.3% | 377.98M▲ 0% |
Gross Margin % | - | - | - | - | - | 79.54% | 91.63% | 90.27% | 90.24% | 90.94% |
Gross Profit Growth % | - | - | - | -133.33% | -67.69% | 484.27% | 1762.86% | 224.82% | 91.29% | - |
Operating Expenses | 4.11M | 19.73M | 42.94M | 136.19M | 205.77M | 304.56M | 295.72M | 305.81M | 351.6M | 374.76M |
OpEx % of Revenue | - | - | - | - | - | 8262.59% | 496.12% | 155.6% | 93.49% | - |
Selling, General & Admin | 695K | 1.79M | 6.42M | 20.88M | 60.97M | 122.12M | 185.15M | 229.39M | 274.55M | 284.63M |
SG&A % of Revenue | - | - | - | - | - | 3313.18% | 310.61% | 116.71% | 73.01% | - |
Research & Development | 3.41M | 17.94M | 36.52M | 115.31M | 145.56M | 182.44M | 110.58M | 76.42M | 77.05M | 90.14M |
R&D % of Revenue | - | - | - | - | - | 4949.4% | 185.51% | 38.88% | 20.49% | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 173K | 0 | 0 | 0 | 0 | 0 |
Operating Income | -4.11M▲ 0% | -19.73M▼ 380.6% | -43.13M▼ 118.6% | -136.65M▼ 216.8% | -206.53M▼ 51.1% | -301.63M▼ 46.0% | -241.1M▲ 20.1% | -128.4M▲ 46.7% | -12.23M▲ 90.5% | 3.21M▲ 0% |
Operating Margin % | - | - | - | - | - | -8183.04% | -404.49% | -65.33% | -3.25% | 0.77% |
Operating Income Growth % | - | -380.64% | -118.56% | -216.81% | -51.14% | -46.05% | 20.07% | 46.75% | 90.48% | - |
EBITDA | 0 | 0 | -42.94M | -136.19M | -205.77M | -300.37M | -239.22M | -125.8M | -6.86M | 5.6M |
EBITDA Margin % | - | - | - | - | - | -8149.05% | -401.34% | -64.01% | -1.82% | 1.35% |
EBITDA Growth % | - | - | - | -217.19% | -51.09% | -45.98% | 20.36% | 47.41% | 94.55% | 104.83% |
D&A (Non-Cash Add-back) | 4.11M | 19.73M | 195K | 455K | 763K | 1.25M | 1.88M | 2.6M | 5.37M | 2.39M |
EBIT | -4.98M | -19.25M | -42M | -135.68M | -206.36M | -295.81M | -229.31M | -112.22M | -2.89M | 9.82M |
Net Interest Income | 0 | 0 | 1.14M | 967K | 173K | -15.65M | -29.71M | -27.17M | -12.08M | -9.1M |
Interest Income | 0 | 0 | 1.14M | 967K | 173K | 0 | 0 | 0 | 0 | 2.27M |
Interest Expense | 0 | 0 | 0 | 0 | 0 | 15.65M | 29.71M | 27.17M | 12.08M | 4.73M |
Other Income/Expense | -872K | 480K | 1.14M | 967K | 173K | -9.83M | -17.93M | -10.99M | -2.74M | -4.6M |
Pretax Income | -4.98M▲ 0% | -19.25M▼ 286.8% | -42M▼ 118.1% | -135.68M▼ 223.1% | -206.36M▼ 52.1% | -311.46M▼ 50.9% | -259.03M▲ 16.8% | -139.39M▲ 46.2% | -14.97M▲ 89.3% | -1.39M▲ 0% |
Pretax Margin % | - | - | - | - | - | -8449.76% | -434.57% | -70.92% | -3.98% | -0.33% |
Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 3.11M | 647K | 1.17M | 985K |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | -1.2% | -0.46% | -7.82% | -70.81% |
Net Income | -4.98M▲ 0% | -19.25M▼ 286.8% | -42M▼ 118.1% | -135.68M▼ 223.1% | -206.36M▼ 52.1% | -311.46M▼ 50.9% | -262.14M▲ 15.8% | -140.04M▲ 46.6% | -16.14M▲ 88.5% | -2.38M▲ 0% |
Net Margin % | - | - | - | - | - | -8449.76% | -439.79% | -71.25% | -4.29% | -0.57% |
Net Income Growth % | - | -286.8% | -118.1% | -223.07% | -52.09% | -50.93% | 15.83% | 46.58% | 88.47% | 98.17% |
Net Income (Continuing) | -4.98M | -19.25M | -42M | -135.68M | -206.36M | -311.46M | -262.14M | -140.04M | -16.14M | -2.38M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -4.71▲ 0% | -0.53▲ 88.7% | -1.10▼ 107.5% | -3.80▼ 245.5% | -4.17▼ 9.7% | -5.66▼ 35.7% | -3.78▲ 33.2% | -1.16▲ 69.3% | -0.13▲ 88.8% | -0.02▲ 0% |
EPS Growth % | - | 88.75% | -107.55% | -245.45% | -9.74% | -35.73% | 33.22% | 69.31% | 88.79% | 96.71% |
EPS (Basic) | -4.71 | -0.53 | -1.10 | -3.80 | -4.17 | -5.66 | -3.78 | -1.16 | -0.13 | - |
Diluted Shares Outstanding | 1.06M | 36.24M | 38.09M | 35.67M | 49.41M | 55.03M | 69.31M | 120.96M | 127.23M | 129.37M |
Basic Shares Outstanding | 1.06M | 36.24M | 38.09M | 35.67M | 49.41M | 55.03M | 69.31M | 120.96M | 127.23M | 129.37M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
Arcutis Biotherapeutics, Inc. (ARQT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 3.82M | 51.1M | 106.47M | 292.83M | 402.77M | 437.41M | 330.43M | 335.82M | 411.23M | 438.06M |
Cash & Short-Term Investments | 3.42M | 50.94M | 101.27M | 284.44M | 388.6M | 409.59M | 271.86M | 227.96M | 220.98M | 224M |
Cash Only | 3.42M | 39.39M | 63.34M | 65.08M | 97.99M | 53.64M | 88.4M | 71.33M | 42.91M | 34.76M |
Short-Term Investments | 0 | 11.55M | 37.93M | 219.36M | 290.61M | 355.95M | 183.46M | 156.62M | 178.07M | 189.24M |
Accounts Receivable | 0 | 0 | 0 | 510K | 362K | 8.46M | 25.81M | 73.07M | 146.23M | 144.38M |
Days Sales Outstanding | - | - | - | - | - | 837.54 | 158.03 | 135.69 | 141.92 | 112.5 |
Inventory | 0 | 0 | 0 | 0 | 0 | 7.51M | 13.13M | 14.53M | 22.63M | 37.39M |
Days Inventory Outstanding | - | - | - | - | - | 3.64K | 961.28 | 277.18 | 225.14 | 239.38 |
Other Current Assets | 0 | 0 | 1.89M | 1.54M | 7.66M | 4.46M | 9.53M | 8.82M | 21.39M | 32.29M |
Total Non-Current Assets | 0 | 0 | 538K | 5.44M | 5.38M | 11.87M | 10.93M | 13.07M | 21.74M | 21.95M |
Property, Plant & Equipment | 0 | 0 | 491K | 5.37M | 5.3M | 4.6M | 3.9M | 2.99M | 5.51M | 5.4M |
Fixed Asset Turnover | - | - | - | - | - | 0.80x | 15.28x | 65.65x | 68.25x | 83.90x |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 7.19M | 6.44M | 9.48M | 14.81M | 14.25M |
Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 0 | 0 | 47K | 78K | 78K | 78K | 596K | 596K | 1.42M | 2.3M |
Total Assets | 3.82M▲ 0% | 51.1M▲ 1238.0% | 107.01M▲ 109.4% | 298.27M▲ 178.7% | 408.15M▲ 36.8% | 449.27M▲ 10.1% | 341.37M▼ 24.0% | 348.89M▲ 2.2% | 432.97M▲ 24.1% | 460M▲ 0% |
Asset Turnover | - | - | - | - | - | 0.01x | 0.17x | 0.56x | 0.87x | 1.03x |
Asset Growth % | - | 1237.99% | 109.42% | 178.72% | 36.84% | 10.08% | -24.02% | 2.2% | 24.1% | 21.85% |
Total Current Liabilities | 692K | 2.67M | 5.24M | 22.6M | 33.33M | 37.81M | 46.67M | 81.01M | 129.84M | 163.2M |
Accounts Payable | 537K | 1.8M | 1.41M | 7.14M | 7.35M | 8.83M | 11.99M | 14.22M | 12.53M | 18.3M |
Days Payables Outstanding | - | - | 2.63K | 5.73K | 3.52K | 4.27K | 877.7 | 271.35 | 124.61 | 125.31 |
Short-Term Debt | 0 | 0 | 0 | 0 | 433K | 657K | 0 | 0 | 1M | 7.95M |
Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Current Liabilities | 0 | 116K | 225K | 176K | 16.41M | 13.67M | 19.07M | 20.75M | 116.31M | 136.96M |
Current Ratio | 5.52x | 19.12x | 20.33x | 12.96x | 12.09x | 11.57x | 7.08x | 4.15x | 3.17x | 2.68x |
Quick Ratio | 5.52x | 19.12x | 20.33x | 12.96x | 12.09x | 11.37x | 6.80x | 3.97x | 2.99x | 2.46x |
Cash Conversion Cycle | - | - | - | - | - | 201.94 | 241.61 | 141.53 | 242.45 | 226.58 |
Total Non-Current Liabilities | 8.12M | 72.41M | 313K | 5.05M | 77.15M | 201.89M | 206.03M | 110.33M | 113.66M | 107.15M |
Long-Term Debt | 966K | 0 | 0 | 0 | 72.35M | 197.77M | 201.8M | 107.2M | 5.27M | 5.25M |
Capital Lease Obligations | 0 | 0 | 129K | 4.96M | 4.77M | 4.12M | 3.38M | 2.56M | 0 | 7.39M |
Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 7.15M | 72.41M | 184K | 82K | 25K | 0 | 849K | 570K | 108.39M | 101.9M |
Total Liabilities | 8.81M | 75.08M | 5.55M | 27.65M | 110.47M | 239.69M | 252.7M | 191.35M | 243.49M | 270.36M |
Total Debt | 966K | 0 | 307K | 4.96M | 77.56M | 202.54M | 205.92M | 110.58M | 6.27M | 13.2M |
Net Debt | -2.45M | -39.39M | -63.03M | -60.12M | -20.43M | 148.9M | 117.52M | 39.25M | -36.64M | -21.56M |
Debt / Equity | - | - | 0.00x | 0.02x | 0.26x | 0.97x | 2.32x | 0.70x | 0.03x | 0.07x |
Debt / EBITDA | - | - | - | - | - | - | - | - | - | 2.36x |
Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | -3.85x |
Interest Coverage | - | - | - | - | - | -18.90x | -7.72x | -4.13x | -0.24x | 2.08x |
Total Equity | -4.99M▲ 0% | -23.99M▼ 380.4% | 101.46M▲ 523.0% | 270.62M▲ 166.7% | 297.68M▲ 10.0% | 209.58M▼ 29.6% | 88.67M▼ 57.7% | 157.54M▲ 77.7% | 189.48M▲ 20.3% | 189.65M▲ 0% |
Equity Growth % | - | -380.41% | 522.99% | 166.72% | 10% | -29.59% | -57.69% | 77.68% | 20.27% | 28.67% |
Book Value per Share | -4.73 | -0.66 | 2.66 | 7.59 | 6.03 | 3.81 | 1.28 | 1.30 | 1.49 | 1.47 |
Total Shareholders' Equity | -4.99M | -23.99M | 101.46M | 270.62M | 297.68M | 209.58M | 88.67M | 157.54M | 189.48M | 189.65M |
Common Stock | 0 | 0 | 0 | 4K | 5K | 6K | 9K | 12K | 12K | 12K |
Retained Earnings | -5.02M | -24.28M | -66.27M | -201.95M | -408.31M | -719.76M | -981.9M | -1.12B | -1.14B | -1.15B |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | 0 | 0 | -1K | -2K | -255K | -1.09M | 4K | -7K | -44K | -514K |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Arcutis Biotherapeutics, Inc. (ARQT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -3.77M | -14.09M | -42.84M | -113.03M | -174.63M | -257.71M | -247.06M | -112.16M | -5.63M | 26.99M |
Operating CF Margin % | - | - | - | - | - | -6991.73% | -414.48% | -57.07% | -1.5% | - |
Operating CF Growth % | - | -273.11% | -204.12% | -163.87% | -54.49% | -47.58% | 4.14% | 54.6% | 94.98% | 3903.7% |
Net Income | -4.98M | -19.25M | -42M | -135.68M | -206.36M | -311.46M | -262.14M | -140.04M | -16.14M | -2.38M |
Depreciation & Amortization | 0 | 0 | 68K | 122K | 454K | 934K | 1.52M | 2.6M | 4.67M | 2.1M |
Stock-Based Compensation | 27K | 151K | 824K | 7.94M | 23.89M | 32.68M | 38.81M | 41.73M | 40.36M | 30.59M |
Deferred Taxes | 0 | 0 | 0 | 114K | 3.45M | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 897K | 2.91M | -227K | 333K | 309K | 30.3M | -1.75M | -1.37M | 314K | 12.04M |
Working Capital Changes | 279K | 2.11M | -1.5M | 14.13M | 3.62M | -10.18M | -23.5M | -15.08M | -34.83M | -15.35M |
Change in Receivables | 0 | 0 | 0 | 0 | 0 | -8.46M | -17.35M | -47.26M | -73.16M | -58.96M |
Change in Inventory | 0 | 0 | 0 | 0 | 0 | -7.51M | -5.62M | -400K | -7.33M | -19.96M |
Change in Payables | 537K | 1.26M | -458K | 5.67M | 245K | 1.56M | 3.15M | 2.23M | -1.69M | 3.61M |
Cash from Investing | 0 | -11.53M | -26.32M | -181.82M | -75.95M | -87.2M | 180.23M | 28.82M | -30.25M | -53.34M |
Capital Expenditures | 0 | 0 | -295K | -321K | -995K | -23.28M | -428K | -143K | -686K | -78K |
CapEx % of Revenue | - | - | - | - | - | 631.66% | 0.72% | 0.07% | 0.18% | 0.02% |
Acquisitions | 0 | 0 | 0 | 181.5M | 74.96M | 22.95M | 0 | 0 | 0 | 0 |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | 0 | -11.53M | 0 | -181.5M | -74.96M | -22.95M | 0 | -5M | -10M | -10M |
Cash from Financing | 7.12M | 61.59M | 93.1M | 298.14M | 281.95M | 301.8M | 101.32M | 66.2M | 6.97M | 7.64M |
Debt Issued (Net) | 50K | 0 | 0 | 0 | 73.99M | 125M | 0 | -100M | 0 | 0 |
Equity Issued (Net) | 0 | 61.21M | 94.24M | 297M | 207.49M | 176.05M | 98.9M | 161.68M | 6.97M | 6.17M |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Financing | 7.07M | 386K | -1.14M | 1.14M | 470K | 751K | 2.42M | 4.52M | 0 | 1.48M |
Net Change in Cash | 3.34M▲ 0% | 35.98M▲ 975.8% | 23.94M▼ 33.5% | 3.29M▼ 86.3% | 31.37M▲ 854.0% | -43.12M▼ 237.5% | 34.45M▲ 179.9% | -17.37M▼ 150.4% | -28.74M▼ 65.4% | -18.65M▲ 0% |
Free Cash Flow | -3.77M▲ 0% | -14.09M▼ 273.1% | -43.13M▼ 206.2% | -113.35M▼ 162.8% | -175.62M▼ 54.9% | -281M▼ 60.0% | -247.49M▲ 11.9% | -112.3M▲ 54.6% | -6.31M▲ 94.4% | 26.92M▲ 0% |
FCF Margin % | - | - | - | - | - | -7623.39% | -415.2% | -57.14% | -1.68% | 6.48% |
FCF Growth % | - | -273.11% | -206.22% | -162.81% | -54.93% | -60% | 11.93% | 54.62% | 94.38% | 123.07% |
FCF per Share | -3.57 | -0.39 | -1.13 | -3.18 | -3.55 | -5.11 | -3.57 | -0.93 | -0.05 | 0.21 |
FCF Conversion (FCF/Net Income) | 0.76x | 0.73x | 1.02x | 0.83x | 0.85x | 0.83x | 0.94x | 0.80x | 0.35x | -11.33x |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.62M |
Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Arcutis Biotherapeutics, Inc. (ARQT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | - | -108.41% | -72.93% | -72.62% | -122.8% | -175.79% | -113.76% | -9.3% | -1.41% |
Return on Invested Capital (ROIC) | - | - | -82.34% | -63.52% | -71.17% | -64.05% | -47.79% | -5.25% | 1.34% |
Gross Margin | - | - | - | - | 79.54% | 91.63% | 90.27% | 90.24% | 90.94% |
Net Margin | - | - | - | - | -8449.76% | -439.79% | -71.25% | -4.29% | -0.57% |
Debt / Equity | - | 0.00x | 0.02x | 0.26x | 0.97x | 2.32x | 0.70x | 0.03x | 0.07x |
Interest Coverage | - | - | - | - | -18.90x | -7.72x | -4.13x | -0.24x | 2.08x |
FCF Conversion | 0.73x | 1.02x | 0.83x | 0.85x | 0.83x | 0.94x | 0.80x | 0.35x | -11.33x |
Revenue Growth | - | - | - | - | - | 1517.09% | 229.74% | 91.34% | 95.29% |
Arcutis Biotherapeutics, Inc. (ARQT) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 6, 2026·SEC
Feb 25, 2026·SEC
Dec 8, 2025·SEC
Arcutis Biotherapeutics, Inc. (ARQT) stock FAQ — growth, dividends, profitability & financials explained
Arcutis Biotherapeutics, Inc. (ARQT) reported $415.6M in revenue for fiscal year 2025.
Arcutis Biotherapeutics, Inc. (ARQT) grew revenue by 91.3% over the past year. This is strong growth.
Arcutis Biotherapeutics, Inc. (ARQT) reported a net loss of $2.4M for fiscal year 2025.
Arcutis Biotherapeutics, Inc. (ARQT) has a return on equity (ROE) of -9.3%. Negative ROE indicates the company is unprofitable.
Arcutis Biotherapeutics, Inc. (ARQT) generated $26.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.