Arcutis Biotherapeutics, Inc.

ARQT Healthcare Biotechnology

Arcutis Biotherapeutics, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $376.1 million, up 91.3% from fiscal 2024. In the quarter to June 2026, revenue grew 59.3%, EPS grew 184.6%, free cash flow grew 228.0% and total debt was flat, each against the same quarter a year earlier. Revenue growth for three consecutive years, operating cash flow growth for three.

28.82 0.28 −0.96%
Market cap
$3.7B
P/E
131×
Fwd P/E
196×
Dividend yield
—
F-score
4/9
Altman Z
6.98
Beneish M
−1.52
Dividend safety
n/a

An Income Statement, also known as a Profit and Loss Statement, summarizes a company's revenues, expenses, and profits over a specific period. It highlights how revenue is transformed into net income, showcasing operational efficiency. Key components include total revenue, cost of goods sold (COGS), gross profit, operating expenses, and net profit. Businesses use the Income Statement to assess financial performance, make strategic decisions, and ensure profitability. Investors and stakeholders analyze it to gauge the company’s financial health and future growth potential.

Jun '26 Mar '26 Dec '25 Sep '25 Older periods
Revenue
463.98 415.62 376.07 317.93

+8 more TTM periods

Cost of Revenue
41.10 37.65 36.70 31.91
Gross Profit
422.89 377.98 339.38 286.02
R&D Expenses
91.04 90.14 77.05 71.08
SG&A Expenses
297.60 284.63 274.55 253.18
Operating Income
34.25 3.21 (12.23) (38.25)
Non-operating Income/Expense
(4.95) (4.60) (2.74) (5.05)
Non-operating Interest Expenses
13.85 13.47 12.08 14.63
EBT
29.30 (1.39) (14.97) (43.30)
Income Tax Provision
0.78 0.99 1.17 1.02
Income after Tax
28.52 (2.38) (16.14) (44.32)
Dividends (Preferred)
0.00 — — —
Net Income Common
28.52 (2.38) (16.14) (44.32)
EPS (Basic)
0.22 (0.02) (0.13) (0.36)
EPS (Diluted)
0.21 (0.03) (0.14) (0.36)
Shares (Basic, Weighted)
128.69 127.80 126.97 125.40
Shares (Diluted, Weighted)
131.35 129.12 128.29 126.72
Gross Margin
91.14% 90.94% 90.24% 89.96%
EBIT Margin
7.38% 0.77% (3.25%) (12.03%)
EBT margin
6.31% (0.33%) (3.98%) (13.62%)
Net Profit Margin
6.15% (0.57%) (4.29%) (13.94%)
Free Cash Flow Margin
8.42% 6.49% (5.67%) (15.17%)
EBITDA
35.56 4.05 (9.65) (37.03)
EBIT
34.25 3.21 (12.23) (38.25)
EPS (Diluted, from Cont. Ops)
0.22 (0.02) (0.13) (0.35)
EPS (Diluted, Consolidated)
0.22 (0.02) (0.13) (0.35)
EPS (Basic, Consolidated)
0.22 (0.02) (0.13) (0.35)
Shares (Diluted, Average)
133.45 131.22 130.39 127.71
EPS (Basic, from Continuous Ops)
0.22 (0.02) (0.13) (0.35)
Income from Continuous Operations
28.52 (2.38) (16.14) (44.32)
Consolidated Net Income/Loss
28.52 (2.38) (16.14) (44.32)
EBITDA Margin
7.66% 0.97% (2.57%) (11.65%)
Operating Cash Flow Margin
8.47% 6.49% (1.50%) (10.24%)

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In millions of $ except per-share values · columns are period end dates