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Arcutis Biotherapeutics, Inc. ARQT ARQ-234 program costs — R&D

Other product segments

Topical roflumilast program costs
$3.31M+129%
Other program costs
$95K

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Other financials

Income statement

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Revenue$105.4M+60.1%
Gross profit$95.6M+67.7%
Operating income-$9.1M+62.9%
Net income-$11.3M+54.9%
EPS (diluted)-$0.09+55.0%

Balance sheet

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Cash & equivalents$35.1M-34.7%
Total debt$114.7M+3.5%
Total equity$189.6M+32.9%
Total assets$460.0M+33.7%

Cash flow

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Operating cash flow$2.2M+107%
CapEx--100%
Free cash flow$2.2M+107%

Valuation

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Market cap$3.29B+57.5%

Profitability

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Gross margin90.9%+2.5pp
Operating margin-12%-5.7pp
Net margin-13.9%-6.6pp
FCF margin-52.5%-21.9pp

Returns & leverage

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Return on equity-28.2%-13.0pp
Debt / equity0.6×-0.2×
Current ratio2.7×-0.9×

Where this comes from

Reported directly by Arcutis Biotherapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Arcutis Biotherapeutics, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arcutis Biotherapeutics, Inc.'s ARQ-234 program costs — R&D?
Arcutis Biotherapeutics, Inc. (ARQT) reported ARQ-234 program costs — R&D of $11M in Q1 2026.
What does ARQ-234 program costs — R&D mean?
This metric represents the direct research and development expenditures specifically allocated to the advancement of the ARQ-234 clinical program. It captures the costs associated with preclinical studies, clinical trial execution, and regulatory development activities for this specific therapeutic candidate. Tracking these costs allows investors to assess the capital intensity and progress of the company's pipeline assets as they move through the drug development lifecycle.