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Arcutis Biotherapeutics, Inc. ARQT Total Operating Expenses

Discontinued — last reported Q3 '23

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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:OperatingExpenses.

The source filing: Arcutis Biotherapeutics, Inc.’s 10-Q, filed November 3, 2023.

Filed
Nov 3, 2023, 7:36 AM EDT
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001787306-23-000124
Line itemThree Months Ended September 30, 2023Three Months Ended September 30, 2022Nine Months Ended September 30, 2023Nine Months Ended September 30, 2022
Cost of sales1,1822692,741269
Research and development26,23669,73186,800148,558
Selling, general, and administrative47,59535,473136,47185,101
Total operating expenses75,013105,473226,012233,928
Loss from operations(36,904)(104,748)(179,932)(233,203)
Other income (expense):
Other income, net2,7211,9389,1142,501
Interest expense(7,559)(4,899)(21,950)(8,737)

Item 1. Financial Statements

FAQ

What is Arcutis Biotherapeutics, Inc.'s total operating expenses?
Arcutis Biotherapeutics, Inc. (ARQT) reported total operating expenses of $75.01M in Q3 2023.
How has Arcutis Biotherapeutics, Inc.'s total operating expenses changed year-over-year?
Arcutis Biotherapeutics, Inc.'s total operating expenses decreased by 28.9% year-over-year, from $105.47M to $75.01M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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