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.

Revenue
+45.1%
EPS
+12.0%
Free cash flow
+1,171.9%
Total debt
+0.83%

Quarter to September 2026, against a year earlier

25.55 1.45 −5.37%
Market cap
$3.4B
P/E
112×
Fwd P/E
81.2×
Dividend yield
—
F-score
4/9
Altman Z
6.98
Beneish M
−1.52
Dividend safety
n/a

Arcutis Biotherapeutics, Inc. (ARQT) Free cash flow margin

Alert me on Free cash flow margin

Arcutis Biotherapeutics, Inc.'s free cash flow margin over the twelve months to 30 September 2026 was 11.7%, up 16.1 percentage points from fiscal 2025 (−4.34%). Over the past ten years it has ranged from −7,623.4% (fiscal 2022) to 0.00% (fiscal 2021); the current reading is higher than 44% of that period. That is above the Biotechnology industry median of 0.00% and above the Healthcare sector median of 0.00%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 −4.34% 55.34
FY2024 −59.7% 355.52
FY2023 −415.2% 7,208.19
FY2022 −7,623.4% (7,623.39)
FY2021 0.00% 0.00
FY2020 0.00% 0.00
FY2019 0.00% 0.00
FY2018 0.00% 0.00
FY2017 0.00% —

Against its own ten years

Low −7,623.4% High 0.00%
Ten-year median 0.00%
Current reading's percentile 44

Free cash flow margin against peers

Company Free cash flow margin
ARQT Arcutis Biotherapeutics, Inc. 11.7%
EWTX Edgewise Therapeutics, Inc. compare 0.00%
TNGX Tango Therapeutics, Inc. compare 0.00%
DFTX Definium Therapeutics, Inc. compare 0.00%
LEGN Legend Biotech Corporation Sponsored ADR compare −9.58%
IOVA Iovance Biotherapeutics, Inc. compare −57.0%
ABCL AbCellera Biologics Inc. compare −180.8%
RLAY Relay Therapeutics, Inc. compare −1,924.6%
DNTH Dianthus Therapeutics, Inc. compare −6,469.9%
Biotechnology industry median 0.00%
Healthcare sector median 0.00%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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