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Tarsus Pharmaceuticals, Inc. TARS Research and development costs

Research and development costs at other companies

Tarsus Pharmaceuticals, Inc. logo
Tarsus Pharmaceuticals, Inc.TARS
$7.96M-63.4%
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$7M-11.5%

Other financials

Income statement

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Revenue$173.9M+69.4%
Gross profit$161.8M+67.8%
Operating income-$19.9M+10.3%
Net income-$18.6M+8.8%
EPS (diluted)-$0.43+10.4%

Balance sheet

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Cash & equivalents$206.6M+108%
Total debt$88.8M+22.6%
Total equity$346.7M+4.2%
Total assets$611.1M+23.5%

Cash flow

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Operating cash flow$61.2M+308%
CapEx$4.1M+306%
Free cash flow$57.2M+288%

Valuation

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Market cap$2.67B+52.9%
Enterprise value$2.56B+48.4%
P/S4.4×-1.5×

Profitability

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Gross margin79.8%
Operating margin-8%-3.5pp
Net margin-7.7%-3.3pp
FCF margin-28%-12.6pp

Returns & leverage

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Return on equity-13.7%-4.9pp
Debt / equity0.3×0.0×
Current ratio3.2×-2.1×

Where this comes from

Reported directly by Tarsus Pharmaceuticals, Inc. in its filing.

Tagged under the XBRL concept us-gaap:DeferredTaxAssetsInProcessResearchAndDevelopment.

The source filing: Tarsus Pharmaceuticals, Inc.’s 10-K, filed February 23, 2026.

Filed
Feb 23, 2026, 4:11 PM EST
Fiscal year
FY2025
Accession
0001819790-26-000019
Line itemYear Ended December 31, 2025Year Ended December 31, 2024
Deferred tax assets:
Net operating loss carryforwards$41,461$33,677
Research and development credit carryforwards6,9868,642
Capitalized research and development7,95921,734
Charitable contributions27,6928,842
Intangible assets3,5753,658
Stock-based compensation6,8774,760
Accruals13,6386,764

Item 8. Financial Statements and Supplementary Data

FAQ

What is Tarsus Pharmaceuticals, Inc.'s research and development costs?
Tarsus Pharmaceuticals, Inc. (TARS) reported research and development costs of $7.96M in Q4 2025.
How has Tarsus Pharmaceuticals, Inc.'s research and development costs changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s research and development costs decreased by 63.4% year-over-year, from $21.73M to $7.96M.
What does research and development costs mean?
Research and development costs as reported by Tarsus Pharmaceuticals, Inc. Common Stock.

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