What is Arcutis Biotherapeutics, Inc.'s work in process?

Arcutis Biotherapeutics, Inc. (ARQT) reported work in process of $6.33M in Q1 2026.

How has Arcutis Biotherapeutics, Inc.'s work in process changed year-over-year?

Arcutis Biotherapeutics, Inc.'s work in process increased by 708.6% year-over-year, from $783K to $6.33M.

What does work in process mean?

Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.

Arcutis Biotherapeutics, Inc. ARQT Work in process

Work in process at other companies

OrganonOGN

$800M+16.3%

Rhythm Pharmaceuticals, Inc.RYTM

$1.78M—

PfizerPFE

——

AmgenAMGN

——

IncyteINCY

——

BridgeBio PharmaBBIO

——

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$2.2M+107%

CapEx--100%

Free cash flow$2.2M+107%

Valuation

See full

Market cap$3.29B+57.5%

Profitability

See full

Gross margin90.9%+2.5pp

Operating margin-12%-5.7pp

Net margin-13.9%-6.6pp

FCF margin-52.5%-21.9pp

Returns & leverage

See full

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:InventoryWorkInProcessNetOfReserves.

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

Ask your AI about Arcutis Biotherapeutics, Inc.'s work in process.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Arcutis Biotherapeutics, Inc.'s work in process?: Arcutis Biotherapeutics, Inc. (ARQT) reported work in process of $6.33M in Q1 2026.
How has Arcutis Biotherapeutics, Inc.'s work in process changed year-over-year?: Arcutis Biotherapeutics, Inc.'s work in process increased by 708.6% year-over-year, from $783K to $6.33M.
What does work in process mean?: Partially completed goods currently in the manufacturing process, including materials, labor, and overhead costs incurred to date.