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Tarsus Pharmaceuticals, Inc. TARS Event-Based Development Milestone — Contractual milestone payment net sales

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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:CollaborativeArrangementRightsAndObligationsContractualMilestoneNetSales.

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 event-based development milestone — contractual milestone payment net sales?
Tarsus Pharmaceuticals, Inc. (TARS) reported event-based development milestone — contractual milestone payment net sales of $3M in Q1 2026.
How has Tarsus Pharmaceuticals, Inc.'s event-based development milestone — contractual milestone payment net sales changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s event-based development milestone — contractual milestone payment net sales decreased by 0.0% year-over-year, from $3M to $3M.
What does event-based development milestone — contractual milestone payment net sales mean?
This metric represents revenue recognized from contractual milestone payments triggered by the achievement of specific development or regulatory events within a product segment. It reflects the successful attainment of predefined clinical or commercial objectives that unlock non-recurring financial compensation under licensing or collaboration agreements. Monitoring this metric helps investors assess the progress of the company's pipeline and the realization of value from strategic partnerships.