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Tarsus Pharmaceuticals, Inc. TARS License fees and collaboration revenue — Total revenues

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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:Revenues.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Revenues:
Product sales, net$173,912$102,660$319,299$180,995
License fees and collaboration revenue16,667
Total revenues173,912102,660335,966180,995
Operating expenses:
Cost of sales12,1136,23721,50911,448
Research and development31,01015,59453,36130,003
Selling, general and administrative150,697103,013287,126188,008

Item 1. Financial Statements

FAQ

What is Tarsus Pharmaceuticals, Inc.'s license fees and collaboration revenue — total revenues?
Tarsus Pharmaceuticals, Inc. (TARS) reported license fees and collaboration revenue — total revenues of $0 in Q2 2026.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s license fees and collaboration revenue — total revenues?
Over 3 years (2022 to 2025), Tarsus Pharmaceuticals, Inc.'s license fees and collaboration revenue — total revenues has grown at a -100.0% compound annual growth rate (CAGR), from $25.82M to $0.
What does license fees and collaboration revenue — total revenues mean?
This metric represents the total revenue recognized from licensing intellectual property, milestone payments, and collaborative research agreements within a specific business segment. It reflects the company's ability to monetize its proprietary technology and drug development pipeline through strategic partnerships rather than direct product sales. High revenue in this category indicates successful commercialization of research assets through external alliances.

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