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Segments

By segment

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Reportable Segment-$1M-121%

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$2.87B+63.9%
Enterprise value$2.75B+59.6%
P/S4.7×-1.2×

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:Depreciation.

The source filing: Tarsus Pharmaceuticals, Inc.’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 7:25 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001819790-26-000064

Depreciation expense for the three months ended June 30, 2026 and 2025 was $0.8 million and $0.2 million, respectively, and for the six months ended June 30, 2026 and 2025 was $1.0 million and $0.4 million, respectively. The December 31, 2025 leasehold improvements represent construction in progress. In April 2026, in connection with the relocation of the Company’s headquarters, the Company placed its leasehold improvements into service and began recognizing the related depreciation expense. There were no impairments recognized during the three and six months ended June 30, 2026 and 2025.

Item 1. Financial Statements

FAQ

What is Tarsus Pharmaceuticals, Inc.'s D&A?
Tarsus Pharmaceuticals, Inc. (TARS) reported D&A of $800K in Q2 2026.
How has Tarsus Pharmaceuticals, Inc.'s D&A changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s D&A increased by 300.0% year-over-year, from $200K to $800K.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s D&A?
Over 4 years (2021 to 2025), Tarsus Pharmaceuticals, Inc.'s D&A has grown at a 27.4% compound annual growth rate (CAGR), from $312K to $822K.
What does D&A mean?
Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

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