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

Other product segments

ARQ-234 program costs
$11M
Other program costs
$95K

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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
Total revenues$129,861$81,504$235,259$147,350
Less:
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Arcutis Biotherapeutics, Inc.'s topical roflumilast program costs — R&D?
Arcutis Biotherapeutics, Inc. (ARQT) reported topical roflumilast program costs — R&D of $1.98M in Q2 2026.
How has Arcutis Biotherapeutics, Inc.'s topical roflumilast program costs — R&D changed year-over-year?
Arcutis Biotherapeutics, Inc.'s topical roflumilast program costs — R&D decreased by 29.9% year-over-year, from $2.83M to $1.98M.
What is the long-term trend for Arcutis Biotherapeutics, Inc.'s topical roflumilast program costs — R&D?
Over 2 years (2022 to 2025), Arcutis Biotherapeutics, Inc.'s topical roflumilast program costs — R&D has grown at a -63.7% compound annual growth rate (CAGR), from $83.03M to $10.94M.
What does topical roflumilast program costs — R&D mean?
This metric represents the direct research and development expenditures specifically allocated to the topical roflumilast product pipeline. It captures the costs associated with clinical trials, regulatory filings, and formulation development required to advance this specific therapeutic candidate toward commercialization. Monitoring these costs helps investors assess the capital intensity and progress of the company's primary dermatological asset.

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