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Tarsus Pharmaceuticals, Inc. TARS R&D

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Segments

By segment

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Reportable Segment$22.35M+55.1%

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 us-gaap:ResearchAndDevelopmentExpense.

The official record: Tarsus Pharmaceuticals, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tarsus Pharmaceuticals, Inc.'s R&D?
Tarsus Pharmaceuticals, Inc. (TARS) reported R&D of $22.35M in Q1 2026.
How has Tarsus Pharmaceuticals, Inc.'s R&D changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s R&D increased by 55.1% year-over-year, from $14.41M to $22.35M.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s R&D?
Over 4 years (2021 to 2025), Tarsus Pharmaceuticals, Inc.'s R&D has grown at a 11.4% compound annual growth rate (CAGR), from $41.71M to $64.32M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.