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Tarsus Pharmaceuticals, Inc. TARS Product sales, net — 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 product sales, net — total revenues?
Tarsus Pharmaceuticals, Inc. (TARS) reported product sales, net — total revenues of $173.91M in Q2 2026.
How has Tarsus Pharmaceuticals, Inc.'s product sales, net — total revenues changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s product sales, net — total revenues increased by 69.4% year-over-year, from $102.66M to $173.91M.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s product sales, net — total revenues?
Over 2 years (2023 to 2025), Tarsus Pharmaceuticals, Inc.'s product sales, net — total revenues has grown at a 453.6% compound annual growth rate (CAGR), from $14.73M to $451.36M.
What does product sales, net — total revenues mean?
This metric represents the total gross revenue generated from the sale of pharmaceutical products after accounting for variable considerations such as rebates, discounts, and returns. It serves as a primary indicator of market adoption and commercial success for the company's therapeutic portfolio. Growth in this figure reflects the effective penetration of the company's products within its target ophthalmic patient population.

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