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Tarsus Pharmaceuticals, Inc.

TARS

Tarsus Pharmaceuticals is a commercial-stage biopharmaceutical company dedicated to developing and commercializing therapeutics for high unmet medical needs, with an initial focus on eye care.

Market cap
$2.62B+56.1%
Revenue$535.1M+129%
Net income-$48.3M+54.0%
Free cash flow-$104.4M-2.6%
EPS (diluted)-$1.13+58.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$169.1M
EPS estimate-$0.21

Financials

Q1 2026

Income statement

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Revenue$162.1M+107%
Gross profit$152.7M+109%
Operating income-$6.1M+76.7%
Net income-$7.0M+72.3%
EPS (diluted)-$0.16+75.0%

Balance sheet

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Cash & equivalents$104.2M-41.6%
Total debt$88.7M+22.5%
Total equity$349.0M+1.9%
Total assets$581.1M+16.1%

Cash flow

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Operating cash flow-$24.7M-19.4%
CapEx$5.8M+886%
Free cash flow-$30.5M-43.4%

Valuation & ratios

Valuation

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Market cap$2.62B+56.1%
Enterprise value$2.61B+51.0%
P/S4.9×-1.0×

Profitability

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Operating margin-9.5%-4.2pp
Net margin-9%-4.0pp

Returns & leverage

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Return on equity-14%-5.2pp
Debt / equity0.3×0.0×
Current ratio3.7×-1.8×

Segments

By segment

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Reportable Segment$162.1M+107%

Competitors

Profile

Tarsus Pharmaceuticals is a commercial-stage biopharmaceutical company dedicated to developing and commercializing therapeutics for high unmet medical needs, with an initial focus on eye care. The company's core value proposition centers on its proprietary lotilaner-based platform, which targets and eradicates parasite infestations to treat inflammatory and infectious diseases.

Competitive position

Tarsus holds a first-mover advantage with the only FDA-approved therapeutic for Demodex blepharitis.

GeographiesUnited States
Customer segmentsHealthcare Providers, Patients
Business modelR&D-based drug development, Direct pharmaceutical sales
SuppliersActive pharmaceutical ingredient (API) manufacturers, Contract Research Organizations (CROs), Specialized chemical suppliers
CustomersSpecialty pharmacies, Pharmaceutical wholesalers, Hospitals and clinics
Listed2020
Employees244.0
CEOBobak R. Azamian
FilingsSEC EDGAR

Questions, answered.

What is Tarsus Pharmaceuticals, Inc.'s market cap?
Tarsus Pharmaceuticals, Inc. (TARS) has a market capitalization of $2.6B and trades on NASDAQ.
What is Tarsus Pharmaceuticals, Inc.'s revenue and profitability?
Tarsus Pharmaceuticals, Inc. generated $535.1M in trailing twelve-month revenue with a net loss of $48.3M, representing a net margin of -9.0%. Gross margin stands at 42.7%, with free cash flow of -$104.4M. These figures are based on the Q1 2026 filing.
Who are Tarsus Pharmaceuticals, Inc.'s competitors?
Tarsus Pharmaceuticals, Inc.'s key competitors include Bausch + Lomb, Alcon, AbbVie, and others. These companies compete in similar markets and product categories.
Where is Tarsus Pharmaceuticals, Inc. headquartered?
Tarsus Pharmaceuticals, Inc. is headquartered in United States of America and employs approximately 244 people. It has been publicly traded since 2020.