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Arcus Biosciences, Inc. (RCUS) 10-Year Financial Performance & Capital Metrics

RCUS • • Industrial / General
HealthcareBiotechnologyOncology TherapeuticsImmuno-Oncology
AboutArcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. Its product pipeline includes, Etrumadenant, a dual A2a/A2b adenosine receptor antagonist, which is in a Phase 1b/2 clinical trial; and Zimberelimab, an anti-PD-1 antibody that is in Phase 1b clinical trial for monotherapy. The company also develops Domvanalimab, an anti-TIGIT monoclonal antibody, which is in Phase 2 development for the treatment of first-line metastatic non-small cell lung cancer in combination with Zimberelimab; Quemliclustat, a small-molecule CD73 inhibitor is in a Phase 1/1b study for the treatment of first-line metastatic pancreatic cancer; and AB521, an oral and small molecule HIF-2a inhibitor that is in Phase 1 study for the treatment of patients with von Hippel- Lindau disease. It has a clinical development collaboration agreement with Strata Oncology, Inc. to evaluate Zimberelimab; a collaboration with AstraZeneca, BVF Partners L.P to evaluate domvanalimab, its investigational anti-TIGIT antibody, in combination with Imfinzi (durvalumab) in a registrational Phase 3 clinical trial in patients with unresectable Stage III non-small cell lung cancer; and license agreements with Taiho Pharmaceutical Co., Ltd, Abmuno Therapeutics LLC, and WuXi Biologics to develop anti-CD39 antibody for the treatment of cancer. The company was incorporated in 2015 and is headquartered in Hayward, California.Show more
  • Revenue $258M +120.5%
  • EBITDA -$320M +3.6%
  • Net Income -$283M +7.8%
  • EPS (Diluted) -3.14 +24.3%
  • Gross Margin 100%
  • EBITDA Margin -124.03% +56.3%
  • Operating Margin -127.91% +56.0%
  • Net Margin -109.69% +58.2%
  • ROE -59.77% -8.9%
  • ROIC -66.8% -20.1%
  • Debt/Equity 0.12 +419.6%
  • Interest Coverage -82.50 +51.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 93 (top 7%)
  • ✓Strong 5Y sales CAGR of 76.6%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Shares diluted 21.8% in last year
  • ✗Low asset turnover indicates capital-intensive operations

* 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-
5Y76.65%
3Y-12.34%
TTM-8.75%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-29.26%

EPS CAGR

10Y-
5Y-
3Y-
TTM-7.61%

ROCE

10Y Avg-26.26%
5Y Avg-23.06%
3Y Avg-30.22%
Latest-35.97%

Peer Comparison

Immuno-Oncology
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
IMTXImmatics N.V.1.33B9.9270.86188.6%-136.72%-27.81%0.03
CTMXCytomX Therapeutics, Inc.720.1M4.2511.1836.45%24.66%26.09%
IOVAIovance Biotherapeutics, Inc.881.27M2.22-1.73136.99%-158.78%-56.62%0.08
REPLReplimune Group, Inc.572.64M7.30-2.38-117.82%0.18
NKTRNektar Therapeutics719.28M35.36-4.079.22%-192.87%-141.9%1.69
IMNMImmunome, Inc.2.52B22.85-4.57-35.5%-23.01%-84.4%0.03
IBRXImmunityBio, Inc.3.89B3.95-6.3722.71%-422.28%
NRIXNurix Therapeutics, Inc.1.91B18.86-6.55-29.15%-292.5%-65.76%0.05

Profit & Loss

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+01.41M8.35M15M78M383M112M117M258M
Revenue Growth %--4.91%0.8%4.2%3.91%-0.71%0.04%1.21%
Cost of Goods Sold+1.31M00000000
COGS % of Revenue---------
Gross Profit+-1.31M1.41M8.35M15M78M383M112M117M258M
Gross Margin %-1%1%1%1%1%1%1%1%
Gross Profit Growth %-2.08%4.91%0.8%4.2%3.91%-0.71%0.04%1.21%
Operating Expenses+18.18M54.85M63.21M103.71M202M329M392M457M588M
OpEx % of Revenue-38.82%7.57%6.91%2.59%0.86%3.5%3.91%2.28%
Selling, General & Admin3.94M7.64M13.57M25.23M43M72M104M117M120M
SG&A % of Revenue-5.4%1.62%1.68%0.55%0.19%0.93%1%0.47%
Research & Development14.25M47.22M49.65M78.48M159M257M288M340M448M
R&D % of Revenue-33.42%5.94%5.23%2.04%0.67%2.57%2.91%1.74%
Other Operating Expenses0000000020M
Operating Income+-18.18M-53.44M-54.86M-88.71M-124M54M-280M-340M-330M
Operating Margin %--37.82%-6.57%-5.91%-1.59%0.14%-2.5%-2.91%-1.28%
Operating Income Growth %--1.94%-0.03%-0.62%-0.4%1.44%-6.19%-0.21%0.03%
EBITDA+-16.87M-50.83M-51.2M-85.13M-121M58M-274M-332M-320M
EBITDA Margin %--35.97%-6.13%-5.68%-1.55%0.15%-2.45%-2.84%-1.24%
EBITDA Growth %--2.01%-0.01%-0.66%-0.42%1.48%-5.72%-0.21%0.04%
D&A (Non-Cash Add-back)1.31M2.61M3.66M3.58M3M4M6M8M10M
EBIT-18.18M-53.44M-54.86M-84.71M-123M55M-264M-299M-279M
Net Interest Income+0775K4.92M5.2M1M1M14M39M48M
Interest Income212K775K4.92M5.2M1M1M16M41M52M
Interest Expense0000002M2M4M
Other Income/Expense212K359K5.26M4M1M1M14M39M47M
Pretax Income+-17.97M-53.08M-49.59M-84.71M-123M55M-266M-301M-283M
Pretax Margin %--37.57%-5.94%-5.65%-1.58%0.14%-2.38%-2.57%-1.1%
Income Tax+000002M1M6M1M
Effective Tax Rate %1%1%1%1%1%0.96%1%1.02%1%
Net Income+-17.97M-53.08M-49.59M-84.71M-123M53M-267M-307M-283M
Net Margin %--37.57%-5.94%-5.65%-1.58%0.14%-2.38%-2.62%-1.1%
Net Income Growth %--1.95%0.07%-0.71%-0.45%1.43%-6.04%-0.15%0.08%
Net Income (Continuing)-17.97M-53.08M-49.59M-84.71M-123M53M-267M-307M-284M
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)+-0.73-2.16-1.43-1.73-2.130.71-3.71-4.15-3.14
EPS Growth %--1.96%0.34%-0.21%-0.23%1.33%-6.23%-0.12%0.24%
EPS (Basic)-0.73-2.16-1.43-1.73-2.130.76-3.71-4.15-3.14
Diluted Shares Outstanding24.55M24.55M34.62M43.83M54.79M73.97M72M74M90.1M
Basic Shares Outstanding24.55M24.55M34.62M43.83M54.79M69.35M72M74M90.1M
Dividend Payout Ratio---------

Balance Sheet

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+99.69M176.87M258.95M192.71M735.82M1.26B1.07B831M1.02B
Cash & Short-Term Investments98.9M175.7M256.54M188.27M728.65M499.31M1.01B759M978M
Cash Only65.16M98.43M71.06M57.94M173.41M147.91M206M127M150M
Short-Term Investments33.74M77.28M185.48M130.33M555.23M351.39M803M632M828M
Accounts Receivable405K25K83K132K1.7M746.82M43M42M25M
Days Sales Outstanding-6.463.633.217.95711.72140.13131.0335.37
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets000251K4.47M14.72M14M30M13M
Total Non-Current Assets+10.01M13.62M15.98M10.4M36.48M330.15M279M264M134M
Property, Plant & Equipment8.61M11.23M11.11M9.33M23.59M137.42M135M51M47M
Fixed Asset Turnover-0.13x0.75x1.61x3.31x2.79x0.83x2.29x5.49x
Goodwill000000000
Intangible Assets000000000
Long-Term Investments1M682K4.38M06.64M185M134M107M14M
Other Non-Current Assets403K1.71M487K1.07M6.25M7.73M10M106M73M
Total Assets+109.7M190.49M274.93M203.11M772.29M1.59B1.34B1.09B1.15B
Asset Turnover-0.01x0.03x0.07x0.10x0.24x0.08x0.11x0.22x
Asset Growth %-0.74%0.44%-0.26%2.8%1.06%-0.16%-0.19%0.05%
Total Current Liabilities+5.55M12.73M16.93M22.71M121.67M166.08M193M184M226M
Accounts Payable3.87M3.82M3.1M4.7M15.68M10.26M20M17M18M
Days Payables Outstanding1.07K--------
Short-Term Debt00002.87M5.1M3M00
Deferred Revenue (Current)01000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities682K769K1.56M6.43M19.92M30.26M48M39M14M
Current Ratio17.98x13.90x15.29x8.49x6.05x7.60x5.52x4.52x4.50x
Quick Ratio17.98x13.90x15.29x8.49x6.05x7.60x5.52x4.52x4.50x
Cash Conversion Cycle---------
Total Non-Current Liabilities+4.7M23.89M23.05M16.56M148.32M584.36M495M449M439M
Long-Term Debt0000000048M
Capital Lease Obligations000015.24M116.89M117M00
Deferred Tax Liabilities000000000
Other Non-Current Liabilities4.7M5.3M6.06M4.54M10.25M5.26M23M142M157M
Total Liabilities10.24M36.62M39.98M39.27M269.99M750.45M688M633M665M
Total Debt+000018.11M121.99M120M11M60M
Net Debt-65.16M-98.43M-71.06M-57.94M-155.31M-25.93M-86M-116M-90M
Debt / Equity----0.04x0.14x0.18x0.02x0.12x
Debt / EBITDA-----2.10x---
Net Debt / EBITDA------0.45x---
Interest Coverage-------140.00x-170.00x-82.50x
Total Equity+99.46M153.87M234.94M163.84M502.3M841.45M657M462M485M
Equity Growth %-0.55%0.53%-0.3%2.07%0.68%-0.22%-0.3%0.05%
Book Value per Share4.056.276.793.749.1711.389.136.245.38
Total Shareholders' Equity99.46M153.87M234.94M163.84M502.3M841.45M657M462M485M
Common Stock1K3K4K4K6K7K1.21B1.31B1.62B
Retained Earnings-20.15M-73.23M-122.83M-205.33M-328.18M-275.35M-542M-849M-1.13B
Treasury Stock000000000
Accumulated OCI-26K-42K-107K64K44K-1.26M-7M00
Minority Interest000000000

Cash Flow

Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-12.94M-25.06M-43M-73.46M111.17M-256.17M438M-306M-170M
Operating CF Margin %--17.73%-5.15%-4.9%1.43%-0.67%3.91%-2.62%-0.66%
Operating CF Growth %--0.94%-0.72%-0.71%2.51%-3.3%2.71%-1.7%0.44%
Net Income-17.97M-53.08M-49.59M-84.71M-122.86M52.83M-267M-307M-283M
Depreciation & Amortization1.31M2.61M3.66M3.58M4.19M3.84M14M8M10M
Stock-Based Compensation90K495K3.87M8.98M22M55M073M76M
Deferred Taxes-90K416K-2.1M004.77M000
Other Non-Cash Items90K-98K-177K-1.44M-46K3.47M68M-9M5M
Working Capital Changes3.62M24.6M1.33M125K208.06M-375.62M623M-71M22M
Change in Receivables0380K-58K-49K-917K-17.05M704M15M28M
Change in Inventory000021.32M14.09M000
Change in Payables3.57M-267K-69K1.73M9.27M-4.77M8M-1M3M
Cash from Investing+-38.86M-49.07M-113.44M59.21M-434.37M-3.87M-413M194M-84M
Capital Expenditures-4.1M-5.51M-3.74M-1.93M-3.06M-26.08M-6M-24M-6M
CapEx % of Revenue-3.9%0.45%0.13%0.04%0.07%0.05%0.21%0.02%
Acquisitions---------
Investments---------
Other Investing-1M-43.56M-109.7M0-431M22M-3M00
Cash from Financing+70.1M107.4M129.07M1.12M438.68M237.34M33M33M277M
Debt Issued (Net)---------
Equity Issued (Net)---------
Dividends Paid000000000
Share Repurchases---------
Other Financing283K519K3.96M1.22M4.67M12.34M08M2M
Net Change in Cash---------
Free Cash Flow+-17.04M-30.57M-46.74M-75.39M108.11M-282.25M432M-330M-176M
FCF Margin %--21.64%-5.6%-5.03%1.39%-0.74%3.86%-2.82%-0.68%
FCF Growth %--0.79%-0.53%-0.61%2.43%-3.61%2.53%-1.76%0.47%
FCF per Share-0.69-1.25-1.35-1.721.97-3.826.00-4.46-1.95
FCF Conversion (FCF/Net Income)0.72x0.47x0.87x0.87x-0.90x-4.83x-1.64x1.00x0.60x
Interest Paid000000000
Taxes Paid000000000

Key Ratios

Metric201620172018201920202021202220232024
Return on Equity (ROE)-18.07%-41.91%-25.51%-42.48%-36.93%7.89%-35.64%-54.87%-59.77%
Return on Invested Capital (ROIC)--89.32%-37.52%-49.32%-41.07%6.97%-30.29%-55.62%-66.8%
Gross Margin-100%100%100%100%100%100%100%100%
Net Margin--3756.69%-593.73%-564.73%-157.69%13.84%-238.39%-262.39%-109.69%
Debt / Equity----0.04x0.14x0.18x0.02x0.12x
Interest Coverage-------140.00x-170.00x-82.50x
FCF Conversion0.72x0.47x0.87x0.87x-0.90x-4.83x-1.64x1.00x0.60x
Revenue Growth--491.15%79.58%420%391.03%-70.76%4.46%120.51%

Revenue by Segment

20202021202220232024
Other Collaboration Revenue--33M37M36M
Other Collaboration Revenue Growth---12.12%-2.70%
License and Development Services Revenue--74M--
License and Development Services Revenue Growth-----
Gilead License to Domvanalimab-328.84M---
Gilead License to Domvanalimab Growth-----
Gilead Access Rights15.42M30.91M---
Gilead Access Rights Growth-100.43%---
Taiho License to Domvanalimab-15M---
Taiho License to Domvanalimab Growth-----
Taiho Access Rights-7M---
Taiho Access Rights Growth-----
Development Services for all Gilead Programs-1.14M---
Development Services for all Gilead Programs Growth-----
Gilead License To Zimberelimab55.1M----
Gilead License To Zimberelimab Growth-----
Taiho Collaboration Agreement7M----
Taiho Collaboration Agreement Growth-----

Frequently Asked Questions

Growth & Financials

Arcus Biosciences, Inc. (RCUS) reported $240.0M in revenue for fiscal year 2024.

Arcus Biosciences, Inc. (RCUS) grew revenue by 120.5% over the past year. This is strong growth.

Arcus Biosciences, Inc. (RCUS) reported a net loss of $349.0M for fiscal year 2024.

Dividend & Returns

Arcus Biosciences, Inc. (RCUS) has a return on equity (ROE) of -59.8%. Negative ROE indicates the company is unprofitable.

Arcus Biosciences, Inc. (RCUS) had negative free cash flow of $464.0M in fiscal year 2024, likely due to heavy capital investments.

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