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Arcus Biosciences RCUS anti-CD39 — Royalty expense

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Other financials

Income statement

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Revenue$41.0M-74.4%
Operating income-$96.0M-1,100%
Net income-$91.0M
EPS (diluted)-$0.72

Balance sheet

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Cash & equivalents$150.0M-39.5%
Total debt$114.0M+4.6%
Total equity$464.0M-15.5%
Total assets$924.0M-14.0%

Cash flow

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Operating cash flow-$119.0M+10.5%
CapEx-
Free cash flow-$119.0M+10.5%

Valuation

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Market cap$3.66B+275%
Enterprise value$3.62B+333%
P/S31.3×+27.5×

Profitability

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Operating margin-415.4%-756pp
Net margin-393.2%-663pp
FCF margin-406%

Returns & leverage

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Return on equity-90.8%+373pp
Debt / equity0.2×0.0×
Current ratio3.8×-0.7×

Where this comes from

Reported directly by Arcus Biosciences in its filing.

Tagged under the XBRL concept us-gaap:RoyaltyExpense.

The source filing: Arcus Biosciences’s 10-K, filed February 25, 2026. Open the filing →

Filed
Feb 25, 2026, 4:11 PM EST
Fiscal year
FY2025
Accession
0001724521-26-000009

FAQ

What is Arcus Biosciences's anti-cd39 — royalty expense?
Arcus Biosciences (RCUS) reported anti-cd39 — royalty expense of $0 in Q4 2025.
What does anti-cd39 — royalty expense mean?
This metric represents the ongoing costs paid to third-party licensors or partners based on the commercial success or sales of anti-CD39 products. It reflects the long-term financial obligation associated with the intellectual property rights used in the development and sale of the therapy. Higher royalty expenses generally indicate successful commercialization but also represent a recurring reduction in net product margins.

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