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Tarsus Pharmaceuticals, Inc. TARS Business Segments — R&D

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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:ResearchAndDevelopmentExpense.

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
Total revenues173,912102,660335,966180,995
Operating expenses:
Cost of sales12,1136,23721,50911,448
Research and development31,01015,59453,36130,003
Selling and marketing90,00265,857174,484126,143
General and administrative60,69537,156112,64261,865
Total operating expenses193,820124,844361,996229,459
Loss from operations(19,908)(22,184)(26,030)(48,464)

Item 1. Financial Statements

FAQ

What is Tarsus Pharmaceuticals, Inc.'s business segments — R&D?
Tarsus Pharmaceuticals, Inc. (TARS) reported business segments — R&D of $31.01M in Q2 2026.
How has Tarsus Pharmaceuticals, Inc.'s business segments — R&D changed year-over-year?
Tarsus Pharmaceuticals, Inc.'s business segments — R&D increased by 98.9% year-over-year, from $15.59M to $31.01M.
What is the long-term trend for Tarsus Pharmaceuticals, Inc.'s business segments — R&D?
Over 3 years (2022 to 2025), Tarsus Pharmaceuticals, Inc.'s business segments — R&D has grown at a 14.7% compound annual growth rate (CAGR), from $42.62M to $64.32M.
What does business segments — R&D mean?
Captures the expenditures incurred for the discovery, clinical development, and regulatory approval of new therapeutic candidates. For a biopharmaceutical company, this reflects the level of investment in the future pipeline and long-term innovation strategy.

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