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TARS
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TARSTarsus Pharmaceuticals, Inc.
$68.60$3.0B
Overview & Tools
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TARS logo

Tarsus Pharmaceuticals, Inc.

TARS
NASDAQ · Ophthalmology Biotech
$68.60
At close - Nov 6, 4:00 PM EST - USD
Market Cap$2.95B
P/E-4.5x
52W High$91.53
Volume864.96K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Xdemvy Growth Outpaces Profitability as Losses Persist

Tarsus has scaled revenue from $40.8M in 2024Q2 to $194.6M in 2026Q3 with gross margins holding near 93%, suggesting the commercial product economics are sound.

GrowthExpanding
ProfitabilityWeak
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

TARS 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

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-117% Peers

P/E is 117% below peer median

03

Market leadership

RS 48 · Lag

Laggard (Underperforming 52% of market)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Feb 3

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
TARS-15.07%
S&P 500 (^GSPC)+7.63%
1-Year Return
TARS+0.75%
S&P 500 (^GSPC)+9.69%
3-Year Return
TARS+328.48%
S&P 500 (^GSPC)+72.43%
5-Year Return
TARS+145.00%
S&P 500 (^GSPC)+59.54%

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$451M+146.7% YoY
Net income FY25
-$66M+42.5% YoY
Free cash flow FY25
-$22M+73.6% YoY
Operating margin FY25
-15.7%+50.2 pts YoY
ROIC (FY25)-23.4%
Avg ROIC 5Y-82.3%
ROE (TTM)-245.7%
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 Rate8/12 (67%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 3, 2026
-$14.40-886.3%
vs -$1.46
$195M+3.6%
vs $188M
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·2d ago
Tarsus to Participate in Upcoming Investor Conferences

IRVINE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Tarsus Pharmaceuticals, Inc. (NASDAQ: TARS), today announced that management plans to attend the following upcoming investor conferences:

MarketBeat·4d ago
Tarsus Pharmaceuticals Q3 Earnings Call Highlights

Tarsus Pharmaceuticals NASDAQ: TARS reported record third-quarter sales for XDEMVY and raised its full-year revenue outlook, citing increased patient demand, deeper prescribing activity among eye care professionals and a growing contribution from retreatment prescriptions.

Seeking Alpha·4d ago
Tarsus Pharmaceuticals, Inc. (TARS) Q3 2026 Earnings Call Transcript

Tarsus Pharmaceuticals, Inc. (TARS) Q3 2026 Earnings Call Transcript

Zacks Investment Research·4d ago
Tarsus Pharmaceuticals, Inc. (TARS) Reports Q3 Loss, Tops Revenue Estimates

Tarsus Pharmaceuticals, Inc. (TARS) came out with a quarterly loss of $0.78 per share versus the Zacks Consensus Estimate of a loss of $1.43. This compares to a loss of $0.3 per share a year ago.

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
$68.60$2.95B-4.53146.71%-102.93%-245.72%—
LNTH logoLNTHLantheus Holdings, Inc.
$100.61$6.55B25.500.5%17.28%21.72%—
PRAX logoPRAXPraxis Precision Medicines, Inc.
$277.62$7.74B-23.85-100%—-34.15%—
AEYE logoAEYEAudioEye, Inc.
$12.37$154.54M-52.7714.52%-7.12%-74.71%—
RXST logoRXSTRxSight, Inc.
$4.54$187.94M-3.55-3.89%-43.8%-20.11%—
AVXL logoAVXLAnavex Life Sciences Corp.
$1.15$106.57M-4.37——-21.11%—

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, PRAX, AEYE, RXST

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

Nov 3, 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

Nov 3, 2026·SEC

FY 2026

Aug 6, 2026·SEC

FY 2026

May 6, 2026·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 $682.2M in revenue over the trailing twelve months. Revenue was $451.4M in fiscal year 2025.

How fast is Tarsus Pharmaceuticals, Inc. growing?

Tarsus Pharmaceuticals, Inc. (TARS) grew revenue by 86.3% over the trailing twelve months, compared with the twelve months before.

Is TARS profitable?

No. Tarsus Pharmaceuticals, Inc. (TARS) reported a net loss of $702.2M over the trailing twelve months.

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

Tarsus Pharmaceuticals, Inc. (TARS) had a return on equity (ROE) of -245.7% over the trailing twelve months. A negative ROE means the company lost money over the period.

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

Tarsus Pharmaceuticals, Inc. (TARS) generated $38.0M in free cash flow over the trailing twelve months.

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

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

See returns →