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TARSTarsus Pharmaceuticals, Inc.
$74.29$3.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
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TARS logo

Tarsus Pharmaceuticals, Inc.

TARS
NASDAQ · Biotechnology
$74.29
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$3.2B
P/E-46.7x
52W High$91.53
Volume645.76K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Record Revenue Growth Narrows Losses Amid GTN Risk

Tarsus Pharmaceuticals is executing a powerful commercial inflection, with XDEMVY driving revenue to $173.9M in 2026Q2, up 69.4% year-over-year, and operating margin improving from -136.5% in 2024Q1 to -11.4% in 2026Q2, signaling early operating leverage. The ...

GrowthAccelerating
ProfitabilityStable
ValuationExpensive
TechnicalsHealthy
Explore valuation models
MARKET ACTION

TARS price & volume

Price trend, volume and key moving averages

Launch Terminal
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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

-280% Peers

P/E is 280% below peer median

03

Market leadership

RS 82 · Leader

High momentum (Outperforming 82% of market)

04

Healthy Uptrend

Uptrend

Price > 50DMA > 200DMA

Next CatalystEstimated earnings · Nov 6

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TARS-8.02%
S&P 500 (^GSPC)+12.39%
1-Year Return
TARS+33.54%
S&P 500 (^GSPC)+15.77%
3-Year Return
TARS+354.65%
S&P 500 (^GSPC)+77.59%
5-Year Return
TARS+225.12%
S&P 500 (^GSPC)+63.50%

Growth & profitability

Annual revenue & EPS trend
Revenue
$451M+146.7% YoY
Net income
-$66M+42.5% YoY
Free cash flow
-$22M+73.6% YoY
Operating margin
-15.7%+50.2 pts YoY
ROIC (TTM)-23.4%
Avg ROIC 5Y-
ROE (TTM)-23.4%
Piotroski Score5 / 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 6, 2026
-$0.43-124.2%
vs -$0.19
$174M+2.5%
vs $170M
Q2 2026
May 6, 2026
-$0.16+60.2%
vs -$0.40
$162M+8.3%
vs $150M
Q1 2026
Feb 23, 2026
-$0.20-94.2%
vs -$0.10
$152M+4.9%
vs $145M
Q4 2025
Nov 4, 2025
-$0.30+14.3%
vs -$0.35
$119M-17.9%
vs $145M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
GlobeNewsWire·Sep 4, 2026
Tarsus Pharmaceuticals Completes Acquisition of Alkeus Pharmaceuticals, Expanding Leadership in Eye Care

Adds gildeuretinol (ALK-001), a differentiated Phase 3 oral investigational medicine designed to target the underlying biology of Stargardt's disease, a potentially blinding disease with no FDA-approved therapy Strengthens Tarsus' differentiated pipeline and leadership in eye care IRVINE, Calif., Sept. 04, 2026 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (Nasdaq: TARS) today announced that it has completed its previously announced acquisition of Alkeus Pharmaceuticals, Inc., a privately held retinal disease-focused biotechnology company.

Defense World·Sep 4, 2026
114,458 Shares in Tarsus Pharmaceuticals, Inc. $TARS Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp bought a new stake in Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 114,458 shares of the company's stock, valued at approximately $7,204,000. Bank of New York Mellon

GlobeNewsWire·Sep 3, 2026
Alkeus Announces Publication in JAMA Ophthalmology of Efficacy and Safety Results from the TEASE-1 Study of Gildeuretinol in Stargardt Disease

Daily treatment with oral gildeuretinol met the primary endpoint and resulted in a statistically significant reduction in the growth rate of retinal atrophic lesions compared to untreated group. Gildeuretinol was well tolerated with no patient-reported events of dark adaptation delays or night blindness.

GlobeNewsWire·Sep 1, 2026
Tarsus to Participate in Upcoming Investor Conferences

IRVINE, Calif., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS), today announced that management plans to attend the following upcoming investor conferences: Wells Fargo 21st Annual Healthcare Conference on Tuesday, September 8th H.C.

Filtered for Tarsus Pharmaceuticals, Inc.More Headlines
04

Compare before deciding

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

Peers Comparison

Key metrics vs top competitors for Tarsus Pharmaceuticals, Inc. (TARS)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
TARS logoTARSTarsus Pharmaceuticals, Inc.Current
$74.29$3.2B-46.72146.71%-14.72%-23.39%—
LNTH logoLNTHLantheus Holdings, Inc.
$99.97$6.51B29.320.5%17.69%23.27%—
NUVL logoNUVLNuvalent, Inc.
$123.96$9.13B-21.19——-42.78%—
PRAX logoPRAXPraxis Precision Medicines, Inc.
$282.12$7.87B-20.93-100%—-34.15%—
AEYE logoAEYEAudioEye, Inc.
$7.14$89.2M-28.5614.52%-10.92%-108.8%—
RXST logoRXSTRxSight, Inc.
$4.85$200.77M-5.11-3.89%-36.8%-17.35%—

Compare TARS vs Peers

Tarsus Pharmaceuticals, Inc. (TARS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LNTH

Most directly comparable listed peer for TARS.

Scale Benchmark

vs MCK

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

Peer Set

Compare Top 5

vs LNTH, NUVL, PRAX, AEYE

05

Keep researching

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

TARS SEC Filings & Documents

Tarsus Pharmaceuticals, Inc. (TARS) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

Aug 6, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 23, 2026·SEC

FY 2025

Feb 25, 2025·SEC

FY 2024

Feb 27, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 6, 2026·SEC

FY 2026

May 6, 2026·SEC

FY 2025

Nov 4, 2025·SEC

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TARS Frequently Asked Questions

Tarsus Pharmaceuticals, Inc. (TARS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Tarsus Pharmaceuticals, Inc.'s revenue?

Tarsus Pharmaceuticals, Inc. (TARS) reported $606.3M in revenue for fiscal year 2025.

How fast is Tarsus Pharmaceuticals, Inc. growing?

Tarsus Pharmaceuticals, Inc. (TARS) grew revenue by 146.7% over the past year. This is strong growth.

Is TARS profitable?

Tarsus Pharmaceuticals, Inc. (TARS) reported a net loss of $46.5M for fiscal year 2025.

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

Tarsus Pharmaceuticals, Inc. (TARS) has a return on equity (ROE) of -23.4%. Negative ROE indicates the company is unprofitable.

What is Tarsus Pharmaceuticals, Inc.'s free cash flow?

Tarsus Pharmaceuticals, Inc. (TARS) generated $61.5M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in TARS back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

See returns →