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Arcus Biosciences

RCUS

Arcus Biosciences is a late clinical-stage biopharmaceutical company dedicated to discovering and developing differentiated small molecules and antibodies for cancer, inflammatory, and autoimmune diseases.

Market cap
$3.5B+251%
Revenue$236.0M+67.4%
Net income-$369.0M+5.6%
Free cash flow-$489.0M-46.4%
EPS (diluted)-$3.19+23.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$22.2M
EPS estimate-$0.89

Financials

Q1 2026

Income statement

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Revenue$17.0M-39.3%
Operating income-$134.0M-9.8%
Net income-$128.0M-14.3%
EPS (diluted)-$1.02+10.5%

Balance sheet

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Cash & equivalents$201.0M+4.7%
Total debt$113.0M+88.3%
Total equity$524.0M-1.3%
Total assets$997.0M-13.8%

Cash flow

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Operating cash flow-$138.0M-4.5%
CapEx--100%
Free cash flow-$138.0M-3.8%

Valuation & ratios

Valuation

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Market cap$3.5B+251%
Enterprise value$3.41B+278%
P/S14.8×+10.9×

Profitability

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Operating margin-168.6%-52.7pp
Net margin-156.4%-47.5pp
FCF margin-207.2%

Returns & leverage

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Return on equity-70%+8.4pp
Debt / equity0.2×+0.1×
Current ratio-1.3×

Segments

By segment

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Reportable segment$17.0M-39.3%

By product

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R&D services$2.0M0.0%

Competitors

Profile

Arcus Biosciences is a late clinical-stage biopharmaceutical company dedicated to discovering and developing differentiated small molecules and antibodies for cancer, inflammatory, and autoimmune diseases. The company leverages an internal small-molecule discovery engine to create a pipeline of potential best-in-class therapies, often designed to improve upon validated biological targets. Its primary value proposition lies in its ability to advance multiple high-potential programs through strategic global collaborations and internal development capabilities.

Competitive position

Arcus maintains a strong competitive position through a significant strategic partnership with Gilead Sciences and a pipeline of molecules designed for superior pharmacokinetic profiles compared to existing approved therapies.

GeographiesUnited States, Japan, Asia, Global
Customer segmentsBiopharmaceutical partners, Clinical trial participants, Specialty healthcare providers
Business modelR&D, Licensing and Royalties, Collaborative Development
SuppliersContract Manufacturing Organizations (CMOs), Contract Research Organizations (CROs), Academic research institutions, Specialized API suppliers
CustomersGilead Sciences, Taiho Pharmaceutical, Specialty pharmacies, Hospitals and oncology clinics
Listed2018
Employees577.0
CEOTerry J. Rosen
FilingsSEC EDGAR

Questions, answered.

What is Arcus Biosciences's market cap?
Arcus Biosciences (RCUS) has a market capitalization of $3.5B and trades on NYSE.
What is Arcus Biosciences's revenue and profitability?
Arcus Biosciences generated $236.0M in trailing twelve-month revenue with a net loss of $369.0M, representing a net margin of -156.4%, with free cash flow of -$489.0M. These figures are based on the Q1 2026 filing.
Who are Arcus Biosciences's competitors?
Arcus Biosciences's key competitors include Regeneron Pharmaceuticals, Inc., Merck & Co., Inc., Bristol-Myers Squibb Company, and others. These companies compete in similar markets and product categories.
Who does Arcus Biosciences partner with?
Arcus Biosciences's notable partners include Gilead Sciences, Inc., Taiho Pharmaceutical Co., Ltd., WuXi Biologics Ireland Limited, and others.
Where is Arcus Biosciences headquartered?
Arcus Biosciences is headquartered in United States of America and employs approximately 577 people. It has been publicly traded since 2018.