← Scroll for more →
Arcutis Biotherapeutics, Inc. (ARQT)
Pharmaceutical Preparations
Latest Price
$26.20
Market Cap
$3.30B
TTM P/E
119.09
Earnings Yield
0.84%
TTM Div Yield
--
P/B Ratio
13.50
Price at the 2026-11-06 close. Earnings yield is trailing 12-month earnings divided by price.
Business Summary
full summary →Arcutis Biotherapeutics, Inc. is a commercial-stage biopharmaceutical company focused on developing and commercializing treatments for dermatological diseases with high unmet medical needs, leveraging a platform centered on validated biological targets and deep dermatology expertise.
Price
full chart →- 1-Year Change
- +1.79%
- 52-Week High
- $34.80
- 52-Week Low
- $19.30
Daily close, 2025-11-06 to 2026-11-06
Financials
financial statements →| Quarter ending | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Last 4 quarters |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.96M | $2.78M | $5.19M | $38.11M | $13.95M | $49.57M | $30.86M | $44.76M | $71.36M | $65.85M | $81.50M | $99.22M | $129.50M | $105.40M | $129.86M | $143.92M | $508.68M |
| Gross margin | -- | -- | 85.0% | -- | 80.9% | 93.4% | 88.8% | 87.7% | 90.3% | 86.6% | 90.8% | 91.3% | 91.0% | 90.7% | 91.6% | 91.3% | 91.2% |
| Operating margin | -2310.8% | -2742.4% | -1286.4% | -96.8% | -438.6% | -63.8% | -162.3% | -87.3% | -10.7% | -37.3% | -17.9% | 8.6% | 14.2% | -8.6% | 12.7% | 6.6% | 6.9% |
| Net income | -$72.02M | -$80.10M | -$70.99M | -$44.77M | -$66.28M | -$35.38M | -$52.33M | -$41.54M | -$10.79M | -$25.06M | -$15.89M | $7.41M | $17.39M | -$11.29M | $15.01M | $8.80M | $29.91M |
| Net margin | -2432.3% | -2880.3% | -1367.8% | -117.5% | -475.3% | -71.4% | -169.6% | -92.8% | -15.1% | -38.1% | -19.5% | 7.5% | 13.4% | -10.7% | 11.6% | 6.1% | 5.9% |
| Operating cash flow | -$71.06M | -$80.34M | -$66.48M | -$43.98M | -$56.24M | -$31.60M | -$45.12M | -$34.69M | -$748,000 | -$30.38M | $324,000 | -$1.75M | $26.18M | $2.24M | $12.64M | $18.90M | $59.96M |
| Free cash flow | -$71.19M | -$80.43M | -$66.76M | -$44.05M | -$56.25M | -$31.60M | -$45.12M | -$34.83M | -$748,000 | -$30.99M | $246,000 | -$1.75M | $26.18M | $2.24M | $12.48M | $18.80M | $59.71M |
Chart: revenue per quarter, Dec 2022 to Sep 2026. Hover over or tap a row to chart it.
Quarters ending Dec 2024 to Sep 2026, oldest first.
Revenue ($M)
Last 4 quarters $508.68M
$150M$0
71668299130105130144
Gross margin (%)
Last 4 quarters 91.2%
100%0%
90.386.690.891.391.090.791.691.3
Operating margin (%)
Last 4 quarters 6.9%
15%0%-40%
-11-37-18914-9137
Net income ($M)
Last 4 quarters $29.91M
$20M$0-$30M
-11-25-16717-11159
Net margin (%)
Last 4 quarters 5.9%
15%0%-40%
-15-38-19713-11126
Operating cash flow ($M)
Last 4 quarters $59.96M
$30M$0-$40M
-1-300-22621319
Free cash flow ($M)
Last 4 quarters $59.71M
$30M$0-$40M
-1-310-22621219
Capital Structure
balance sheet →- Shares Outstanding
- 126.02M
- Total Debt
- $109.40M
- Long-term Debt
- $102.45M
- Long-term Debt / Capital
- 29.6%
- Cash
- $33.37M
- Current Assets
- $503.69M
- Current Liabilities
- $172.36M
Debt as of 2026-09-30; current position as of 2026-09-30.
| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| Montanova Capital, LLC | 12.44M | $326.0M | 9.87% | +110.0K | 2026-06-30 |
| BlackRock, Inc. | 10.55M | $276.0M | 8.37% | +1.35M | 2026-06-30 |
| Frazier Life Sciences Management, L.P. | 9.87M | $258.0M | 7.84% | -- | 2026-06-30 |
| Rubric Capital Management LP | 8.27M | $216.0M | 6.56% | -- | 2026-06-30 |
| Polar Capital Holdings Plc | 6.61M | $173.0M | 5.24% | +940.0K | 2026-06-30 |
| State Street Corp | 5.82M | $152.0M | 4.62% | -473.4K | 2026-06-30 |
| Vanguard Capital Management LLC | 4.99M | $130.0M | 3.96% | +117.2K | 2026-06-30 |
| Morgan Stanley | 4.45M | $116.0M | 3.53% | +232.1K | 2026-06-30 |
| Jennison Associates LLC | 4.22M | $110.0M | 3.35% | -761.7K | 2026-06-30 |
| D. E. Shaw & Co., Inc. | 3.95M | $103.0M | 3.13% | +1.45M | 2026-06-30 |
Recent Material Events
all events →- Arcutis Biotherapeutics reported third-quarter net product revenues of $143.9 million, a 45% increase from the prior year and an 11% rise sequentially, driven by strong demand for its ZORYVE portfolio. The company raised its full-year 2026 net product sales guidance to $535 million–$545 million from the previous range of $525 million–$540 million. Net income was $8.8 million, or $0.07 per share basic and $0.06 diluted, compared to $7.4 million in the same period last year. Operating cash flow remained positive at $18.9 million for the quarter. Arcutis is a commercial-stage biopharmaceutical company focused on developing innovative treatments for immune-mediated dermatological diseases.
- The Arcutis Biotherapeutics board increased the authorized number of directors from ten to eleven and appointed Dr. Robert Scott as a Class II director effective October 23, 2026. Dr. Scott joins the Nominating and Corporate Governance Committee and receives an initial stock option award for 20,507 shares plus prorated annual equity valued at approximately $350,000 and cash retainers totaling $55,000. He brings over four decades of pharmaceutical leadership experience, including tenure as Chief Medical Officer at AbbVie and roles at Amgen and Pfizer. Arcutis Biotherapeutics is a commercial-stage biopharmaceutical company focused on developing treatments for chronic inflammatory skin diseases.
- Arcutis Biotherapeutics, Inc. increased its Board of Directors from nine to ten members and appointed Christopher Peetz as a new Class III director, effective July 15, 2026. Mr. Peetz, a biopharmaceutical executive with experience at Mirum Pharmaceuticals and Tobira Therapeutics, will receive an initial stock option award for 21,486 shares and is eligible for a prorated annual equity award valued at approximately $350,000 and a $50,000 cash retainer. Arcutis Biotherapeutics, Inc. is a commercial-stage medical dermatology company focused on developing therapies for chronic inflammatory skin diseases.
- Arcutis Biotherapeutics, Inc. held its 2026 Annual Meeting of Stockholders on June 5, 2026, where stockholders' votes on three proposals, including the election of Class III directors (Patrick J. Heron, Neha Krishnamohan, and Todd Franklin Watanabe), the ratification of andhesion to Ernst & Young LLP as independent auditor, and a voting on a non-binding advisory basis of executive officer compensation. The Board of Directors approved revisions to the Amended and Restated Non-Employee Director Compensation Program, Board members are compensated with annual cash and equity compensation. Arcutis Biotherapeutics, Inc. is a biopharmaceutical company that develops and commercializes commercial-stage products for inflammatory and inflammatory-related skin diseases.
Insider Transactions
all insider transactions →| Name | Title | Transaction | Shares | Price | Date |
|---|---|---|---|---|---|
| Matsuda Masaru | EVP, Chief Legal Officer | Exercise | 40.0K | $3.64 | 2026-11-04 |
| Matsuda Masaru | EVP, Chief Legal Officer | Open Market Sale | 1.2K | $31.86 | 2026-11-02 |
| Watanabe Todd | See Remarks | Open Market Sale | 4.4K | $31.86 | 2026-11-02 |
| Burnett Patrick | EVP, Chief Medical Officer | Open Market Sale | 943 | $31.86 | 2026-11-02 |
| Scott Robert A | -- | Award/Grant | 2.8K | -- | 2026-10-23 |