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Arcutis Biotherapeutics, Inc. ARQT Other program costs — R&D

Other product segments

ARQ-234 program costs
$11M
Topical roflumilast program costs
$1.98M-29.9%

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Other financials

Income statement

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Revenue$129.9M+59.3%
Gross profit$118.9M+60.7%
Operating income$16.4M+212%
Net income$15.0M+194%
EPS (diluted)$0.11+185%

Balance sheet

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Cash & equivalents$34.4M-52.9%
Total debt$114.1M+3.6%
Total equity$220.6M+58.7%
Total assets$488.5M+38.6%

Cash flow

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Operating cash flow$12.6M
CapEx$158.0K+103%
Free cash flow$12.5M

Valuation

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Market cap$3.32B+81.4%
Enterprise value$3.4B+82.1%
P/S7.2×+0.2×

Profitability

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Gross margin91.1%+2.0pp
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 / equity0.5×-0.3×
Current ratio2.9×-0.3×

Where this comes from

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

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Arcutis Biotherapeutics, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 4:21 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001787306-26-000051
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Cost of sales10,3766,92919,59812,780
Topical roflumilast program costs1,9832,8275,2904,273
ARQ-234 program costs1,30284512,3052,034
Other program costs1021,1931972,375
Research and development compensation and personnel-related expenses11,3669,77922,41119,417
Selling, general and administrative expenses82,00869,033155,962132,917
Other segment expenses(1)6,2955,50912,15612,694
Total operating expenses113,43296,115227,919186,490

Item 1. Financial Statements (Unaudited)

FAQ

What is Arcutis Biotherapeutics, Inc.'s other program costs — R&D?
Arcutis Biotherapeutics, Inc. (ARQT) reported other program costs — R&D of $102K in Q2 2026.
What does other program costs — R&D mean?
This metric represents the aggregate research and development expenditures allocated to secondary or early-stage therapeutic programs outside of the company's primary lead product candidates. It captures the investment intensity in the broader clinical pipeline and the exploration of new dermatological indications. Monitoring these costs provides insight into the company's long-term innovation strategy and the capital commitment required to diversify its portfolio beyond flagship assets.

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