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Tarsus Pharmaceuticals, Inc. TARS Operating lease modification

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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
FCF margin-28%-12.6pp

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

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

Tagged under the XBRL concept tars:LeaseModificationExpenseNonCash.

The official record: Tarsus Pharmaceuticals, Inc.’s 10-K, filed February 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tarsus Pharmaceuticals, Inc.'s operating lease modification?
Tarsus Pharmaceuticals, Inc. (TARS) reported operating lease modification of $0 in Q4 2025.
How has Tarsus Pharmaceuticals, Inc.'s operating lease modification changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s operating lease modification decreased by 100.0% year-over-year, from $269.5K to $0.
What does operating lease modification mean?
This captures the non-cash accounting adjustments resulting from changes to the terms of existing lease agreements, such as extensions or modifications to leased space. It reflects the impact of operational changes on the company's lease portfolio valuation. This metric helps analysts isolate accounting volatility from core operational cash performance.