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) Gross margin

Alert me on Gross margin

Arcutis Biotherapeutics, Inc.'s gross margin over the twelve months to 30 September 2026 was 91.2%, up 0.9 percentage points from fiscal 2025 (90.2%). Over the past ten years it has ranged from 0.00% (fiscal 2021) to 91.6% (fiscal 2023); the current reading is higher than 71% of that period. That is above the Biotechnology industry median of 65.2% and above the Healthcare sector median of 53.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 90.2% (0.03)
FY2024 90.3% (1.36)
FY2023 91.6% 12.09
FY2022 79.5% 79.54
FY2021 0.00% 0.00
FY2020 0.00% 0.00
FY2019 0.00% —

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 91.3% (0.24)
Jun 2026 91.6% 0.86
Mar 2026 90.7% (0.25)
Dec 2025 91.0% (0.28)
24 more quarters

Against its own ten years

Low 0.00% High 91.6%
Ten-year median 79.5%
Current reading's percentile 71

Gross margin against peers

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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