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Discontinued — last reported Q1 '26

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1.6×-0.6×
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-0.1×

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

Calculated from Arcutis Biotherapeutics, Inc.’s reported figures.

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 net debt?
Arcutis Biotherapeutics, Inc. (ARQT) reported net debt of $79.6M in Q1 2026.
How has Arcutis Biotherapeutics, Inc.'s net debt changed year-over-year?
Arcutis Biotherapeutics, Inc.'s net debt increased by 39.5% year-over-year, from $57.08M to $79.6M.
What is the long-term trend for Arcutis Biotherapeutics, Inc.'s net debt?
Over 5 years (2020 to 2025), Arcutis Biotherapeutics, Inc.'s net debt has grown at a 2.9% compound annual growth rate (CAGR), from -$61.66M to $71.3M.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.