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Tarsus Pharmaceuticals, Inc. TARS Free cash flow margin

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-13.2%-3.9pp

Other financials

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

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Market cap$2.85B+41.1%
Enterprise value$2.83B+47.8%
P/S5.3×-3.3×

Profitability

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Gross margin42.7%
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×

Where this comes from

Calculated from Tarsus Pharmaceuticals, Inc.’s reported figures.

Based on trailing twelve months.

The official record: Tarsus Pharmaceuticals, Inc.’s 10-Q, filed August 6, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tarsus Pharmaceuticals, Inc.'s free cash flow margin?
Tarsus Pharmaceuticals, Inc. (TARS) reported free cash flow margin of -28% in Q2 2025.
How has Tarsus Pharmaceuticals, Inc.'s free cash flow margin changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s free cash flow margin increased by 81.4% year-over-year, from -150.5% to -28%.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s free cash flow margin?
Over 2 years (2022 to 2024), Tarsus Pharmaceuticals, Inc.'s free cash flow margin has grown at a -50.9% compound annual growth rate (CAGR), from -191.9% to -46.2%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.