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RCUSArcus Biosciences, Inc.
$26.87$3.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
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Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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RCUS logo

Arcus Biosciences, Inc.

RCUS
NYSE · Biotechnology
$26.87
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$3.38B
P/E-8.2x
52W High$31.74
Volume1.33M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Lumpy Milestone Revenue Masks Persistent Cash Burn

Arcus Biosciences is a clinical-stage biotechnology company with a promising pipeline but a business model heavily reliant on lumpy collaboration milestones, as evidenced by revenue swinging from $160M in 2025Q2 to $17M in 2026Q1. The company maintains high gr...

GrowthDecelerating
ProfitabilityWeak
ValuationReview
TechnicalsMixed
Explore valuation models
MARKET ACTION

RCUS price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-139% Peers

P/E is 139% below peer median

03

Market leadership

RS 63 · Avg

Average momentum (RS Rating: 63)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
RCUS+15.37%
S&P 500 (^GSPC)+13.20%
1-Year Return
RCUS+114.62%
S&P 500 (^GSPC)+15.98%
3-Year Return
RCUS+36.26%
S&P 500 (^GSPC)+90.88%
5-Year Return
RCUS-25.44%
S&P 500 (^GSPC)+81.72%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-8.2x
Forward P/E
N/A
EV/EBITDA
N/A
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-8.2x
57.0x
0th· Low
EV/EBITDA
N/A
51.2x
N/A
Price/FCF
N/A
3.4x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$1.31-95.1%
Base (Fair)$30.17+19.5%
Bull$1.59-94.1%
$1.31 Bear$30.17 Base$1.59 Bull
Current Market Price: $26.87
Trades at a 10.9% discount to Base DCF ($30.17)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$247M-4.3% YoY
Net income
-$353M-24.7% YoY
Free cash flow
-$484M-175.0% YoY
Operating margin
-156.3%-28.4 pts YoY
ROIC (TTM)-63.2%
Avg ROIC 5Y-
ROE (TTM)-63.3%
Piotroski Score0 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
-$0.72+19.2%
vs -$0.89
$41M+86.5%
vs $22M
Q2 2026
May 5, 2026
-$1.02-10.9%
vs -$0.92
$17M-42.3%
vs $29M
Q1 2026
Feb 25, 2026
-$0.89+19.8%
vs -$1.11
$33M-7.6%
vs $36M
Q4 2025
Oct 28, 2025
-$1.27+4.5%
vs -$1.33
$26M+4.3%
vs $25M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Sep 9, 2026
Arcus Biosciences Announces New Employment Inducement Grants

HAYWARD, Calif.--(BUSINESS WIRE)--Arcus Biosciences, Inc. (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for people with cancer and inflammatory and autoimmune diseases, today announced that the Compensation Committee of the Company's Board of Directors granted one new employee options to purchase a total of 26,350 shares of the Company's common stock at an exercise price per share of $29.06, which was the.

Seeking Alpha·Sep 9, 2026
Arcus Biosciences, Inc. (RCUS) Presents at Citigroup's Biopharma Back to School Summit 2026 Transcript

Arcus Biosciences, Inc. (RCUS) Presents at Citigroup's Biopharma Back to School Summit 2026 Transcript

Business Wire·Aug 26, 2026
Arcus Biosciences to Participate in Three Upcoming Investor Conferences

HAYWARD, Calif.--(BUSINESS WIRE)--Arcus Biosciences (NYSE:RCUS), a clinical-stage, global biopharmaceutical company focused on developing differentiated molecules and combination therapies for people with cancer and inflammatory and autoimmune diseases, announced that its management team will participate in the following upcoming investor conferences in September: Citi's 2026 Biotech Back to School Conference Date: Wednesday, September 9th, 2026 Location: New York, NY Format: Fireside chat &amp.

Defense World·Aug 25, 2026
BlackRock Inc. Makes New $506.11 Million Investment in Arcus Biosciences, Inc. $RCUS

BlackRock Inc. bought a new stake in Arcus Biosciences, Inc. (NYSE: RCUS) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,416,249 shares of the company's stock, valued at approximately $506,113,000. BlackRock Inc. owned 13.05% of Arcus Biosciences at

Filtered for Arcus Biosciences, Inc.More Headlines
04

Compare before deciding

Benchmark RCUS against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Arcus Biosciences, Inc. (RCUS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RCUS logoRCUSArcus Biosciences, Inc.Current
$26.87$3.38B-8.17-4.26%-142.91%-63.26%—
AGEN logoAGENAgenus Inc.
$8.70$362.29M-2558.8210.37%69.76%——
EXEL logoEXELExelixis, Inc.
$58.15$14.62B20.926.98%35.33%42.49%—
HALO logoHALOHalozyme Therapeutics, Inc.
$115.13$13.66B44.9737.55%24.86%180.63%—
FOLD logoFOLDAmicus Therapeutics, Inc.
$14.49$4.55B-164.8520.05%-4.27%-12.02%—
TGTX logoTGTXTG Therapeutics, Inc.
$58.11$8.9B20.9887.32%55.22%72.3%—

Compare RCUS vs Peers

Arcus Biosciences, Inc. (RCUS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AGEN

Most directly comparable listed peer for RCUS.

Scale Benchmark

vs MRK

Larger-name benchmark to compare RCUS against a more recognizable public peer.

Peer Set

Compare Top 5

vs AGEN, EXEL, HALO, FOLD

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

RCUS SEC Filings & Documents

Arcus Biosciences, Inc. (RCUS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jun 12, 2026·SEC

Material company update

May 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 21, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 5, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Oct 28, 2025·SEC

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RCUS Frequently Asked Questions

Arcus Biosciences, Inc. (RCUS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Arcus Biosciences, Inc.'s revenue?

Arcus Biosciences, Inc. (RCUS) reported $117.0M in revenue for fiscal year 2025.

How fast is Arcus Biosciences, Inc. growing?

Arcus Biosciences, Inc. (RCUS) saw revenue decline by 4.3% over the past year.

Is RCUS profitable?

Arcus Biosciences, Inc. (RCUS) reported a net loss of $452.0M for fiscal year 2025.

Dividend & Returns
What is RCUS's return on equity?

Arcus Biosciences, Inc. (RCUS) has a return on equity (ROE) of -63.3%. Negative ROE indicates the company is unprofitable.

What is Arcus Biosciences, Inc.'s free cash flow?

Arcus Biosciences, Inc. (RCUS) had negative free cash flow of $613.0M in fiscal year 2025, likely due to heavy capital investments.

What if you invested $1,000 in RCUS back in 2016?

Total return calculator · dividends reinvested · 10+ years of data

See returns →