Tarsus Pharmaceuticals, Inc. TARS
- Market cap
- $3.6B
- P/E
- 0.0×
Follow TARS
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | — | 15.33 | 21.00 | 10.80 | 11.33 | 18.99 | 38.51 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| — | — | — | — | 63.69 | 49.37 | 24.89 | 25.25 | 57.14 | 85.25 |
High Price
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| — | — | — | 12 | 20 | 46 | 87 | 244 | 323 | 370 |
Employees
|
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| — | — | — | 0 | 0 | 1 | 0 | 0 | 1 | 1 |
Revenue/Emp
|
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| — | — | — | — | — | 57 | 26 | 17 | 183 | 451 |
Revenue
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| — | — | 0.00% | 0.00% | 0.00% | 96.36% | 96.30% | 90.87% | 92.99% | 93.20% |
Gross Margin
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| — | — | (1) | (5) | (27) | (14) | (62) | (136) | (116) | (64) |
EBT
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| — | — | 0.00% | 0.00% | 0.00% | (24.15%) | (240.53%) | (778.89%) | (63.16%) | (14.26%) |
EBT Margin
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| — | 0 | (1) | (5) | (27) | (14) | (62) | (136) | (116) | (66) |
Net Income
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| — | — | 0 | 0 | 0 | 1 | (1) | (2) | (3) | (3) |
Depreciation
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| — | — | 0.00 | 0.00 | 0.00 | 2.77 | 1.05 | 0.59 | 4.87 | 10.80 |
Revenue/Sh
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| — | — | (0.07) | (1.98) | (4.32) | (0.67) | (2.52) | (4.62) | (3.07) | (1.59) |
Earnings/Sh
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| — | — | (0.06) | (1.55) | (3.41) | 0.18 | (1.99) | (4.00) | (2.21) | (0.30) |
Cash Flow/Sh
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| — | — | 0.00 | (0.07) | (0.07) | (0.03) | (0.02) | (0.19) | (0.17) | (0.24) |
Capex/Sh
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| — | — | (0.06) | (1.63) | (3.48) | 0.15 | (2.01) | (4.19) | (2.38) | (0.53) |
Free CF/Sh
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| — | — | 0.11 | 24.29 | 26.74 | 8.11 | 7.84 | 6.70 | 5.97 | 8.22 |
Book Value/Sh
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| — | — | 20 | 2 | 6 | 21 | 25 | 29 | 38 | 42 |
Shares
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| — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
PE Ratio
|
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| — | — | — | — | — | 8.11 | 13.57 | 21.58 | 11.38 | 7.58 |
PS Ratio
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| — | — | — | — | — | 2.77 | 1.84 | 3.01 | 9.27 | 9.96 |
PB Ratio
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| — | — | — | — | — | 5.11 | 6.02 | 14.38 | 10.18 | 6.81 |
EV/Sales
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| — | — | — | — | — | 92.10 | (3.18) | (3.32) | (19.90) | (98.24) |
EV/FCF
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| — | — | (1) | (4) | (21) | 4 | (49) | (117) | (83) | (12) |
Op' Cash Flow
|
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| — | — | 0 | 0 | 0 | (1) | (1) | (6) | (7) | (10) |
Capex
|
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| — | — | (1) | (4) | (22) | 3 | (50) | (123) | (90) | (22) |
FCF
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| — | — | 2 | 57 | 165 | 164 | 210 | 219 | 276 | 387 |
Working Cap'
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| — | — | — | 0 | 1 | 1 | 19 | 30 | 72 | 72 |
Total Debt
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| — | — | (2) | (58) | (168) | (171) | (198) | (198) | (220) | (345) |
Net Debt
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| — | — | 2 | 57 | 166 | 167 | 193 | 197 | 225 | 343 |
Sh' Equity
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| — | — | (110.42%) | (15.39%) | (23.28%) | (7.88%) | (30.53%) | (55.09%) | (35.97%) | (14.14%) |
ROA
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| — | — | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | (1,506.21%) | 0.00% |
ROIC
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| — | — | 35.85% | 126.92% | (33.52%) | (8.31%) | (34.53%) | (69.71%) | (54.83%) | (23.39%) |
ROE
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Tarsus Pharmaceuticals, Inc. peers in Biotechnology
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| IDYA IDEAYA Biosciences, Inc. | $3.6B | 0.0× | Compare |
| LEGN Legend Biotech Corporation Sponsored ADR | $3.7B | 0.0× | Compare |
| ARQT Arcutis Biotherapeutics, Inc. | $3.4B | 122× | Compare |
| XENE Xenon Pharmaceuticals Inc. | $3.7B | 0.0× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| DNLI Denali Therapeutics Inc. | $3.4B | 0.0× | Compare |
| ELVN Enliven Therapeutics, Inc. | $3.3B | 0.0× | Compare |
| ACAD ACADIA Pharmaceuticals Inc. | $3.8B | 9.2× | Compare |
| TLX Telix Pharmaceuticals Limited | $3.9B | — | Compare |
Tarsus Pharmaceuticals, Inc. (TARS) key facts
- Tarsus Pharmaceuticals, Inc. (TARS) is a Biotechnology company in the Healthcare sector, listed on Nasdaq.
- Tarsus Pharmaceuticals, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $451.4 million, up 146.7% from fiscal 2024.
- Tarsus Pharmaceuticals, Inc. reported a net loss of $66.4 million, or a loss of $1.59 per share, for fiscal 2025.
- As of September 25, 2026, TARS traded at $75.69, a market capitalization of $3.6 billion.
- Trailing earnings are negative, so a P/E ratio is not meaningful; the stock trades at 5.4× sales.
- Return on equity was −23.4% and debt-to-equity 0.21.
Tarsus Pharmaceuticals, Inc. (TARS) Latest News
4 Sep
Tarsus Pharmaceuticals completes acquisition of Alkeus Pharmaceuticals, expanding its leadership in eye care. Acquisition completion marks major strategic expansion strengthening Tarsus eye care position.
13 Aug
Tarsus Pharmaceuticals held its Q2 2026 earnings call, covering quarterly financial results, operational updates, and forward-looking statements on product development and market strategy. Quarterly earnings call delivers financial metrics and guidance that can shift near-term sentiment without altering long-term trajectory.
7 Aug
Tarsus Pharmaceuticals acquires Alkeus for $800 million to enter Stargardt disease treatment race. The $800 million Alkeus takeover gives Tarsus a major strategic entry into Stargardt market competition.
Tarsus Pharmaceuticals Q2 earnings call highlighted financial results, operational updates, and future guidance. Q2 earnings updates provide insights into financial health and strategy affecting market performance moderately.
6 Aug
Tarsus Pharmaceuticals reported record XDEMVY sales during its Q2 2026 earnings call. Record XDEMVY sales signal strong commercial momentum likely to lift future revenue and valuation.
Tarsus Pharmaceuticals acquires Alkeus, an unorthodox eye drug startup, for up to $800 million. Acquisition of Alkeus for up to $800M adds major eye drug assets and expands Tarsus pipeline.
Tarsus Pharmaceuticals completes oversubscribed $125 million private placement equity financing. Oversubscribed $125 million equity raise supplies substantial capital to fund pipeline advancement and operations.
Tarsus Pharmaceuticals acquires Alkeus Pharmaceuticals to advance its eye care leadership position. Acquisition marks major strategic expansion in ophthalmology with direct effects on pipeline and market position.
Tarsus Pharmaceuticals, Inc. reported second quarter 2026 financial results while advancing its next phase of growth. Quarterly results release combined with growth advancement indicates moderate influence on financial performance and market positioning.
29 Jul
Tarsus Pharmaceuticals may report negative earnings for Q2 with trend analysis ahead of the release. Expected negative Q2 earnings can pressure TARS stock and short-term investor sentiment.
13 Jul
Tarsus Pharmaceuticals announces executive leadership transition as company advances next phase of growth. Leadership transition during growth phase may moderately affect strategic direction and market perception.
11 Jul
Tarsus Pharmaceuticals enters retina market via iRenix deal and adds IRX-101 to pipeline. Deal expands Tarsus into retina market with new pipeline asset IRX-101.
8 Jul
Tarsus Pharmaceuticals acquires iRenix Medical and late-stage asset IRX-101 to advance its eye care leadership strategy. Acquisition adds late-stage eye care asset and expands Tarsus pipeline and market position.
Tarsus Pharmaceuticals (TARS) receives a rating upgrade to Buy. Analyst Buy upgrade may lift short-term investor sentiment and TARS share price.
1 Jul
Tarsus Pharmaceuticals stock falls after Culper Research accuses the company of running an illegal Medicare copay scheme. Accusations of illegal Medicare scheme trigger regulatory probes, fines, and lasting investor distrust in Tarsus.
Tarsus Pharmaceuticals faces allegations from Culper Research of improper Medicare copay practices, causing its shares to fall. Allegations risk regulatory scrutiny and sustained negative investor sentiment for Tarsus.
24 May
Tarsus Pharmaceuticals shares rose 60% after a top healthcare fund added $11 million to its position. Fund purchase signals positive sentiment that may lift near-term trading but leaves core operations unchanged.
14 May
Tarsus Pharmaceuticals partners with John Cena to raise awareness of Demodex blepharitis, a common eyelid disease affecting approximately 25 million Americans. Celebrity partnership boosts disease awareness, potentially increasing diagnosis and treatment demand for Tarsus's key product without fundamentally altering long-term trajectory.
12 May
Tarsus Pharmaceuticals (TARS) valuation under review after recent share price weakness, contrasted with long-term gains. Valuation analysis addresses recent share weakness against long-term gains, likely exerting moderate influence on investor sentiment and market performance.
7 May
Tarsus Pharmaceuticals released Q1 earnings call highlights covering financial results, operational updates, product progress including XDEMVY sales, pipeline advancements, and forward guidance. Q1 earnings highlights detail financial performance, commercial traction for key drug XDEMVY, and strategic outlook significantly impacting investor sentiment and stock trajectory.
6 May
Tarsus Pharmaceuticals, Inc. (TARS) released Q1 2026 earnings call summary highlighting financial results, operational updates, and forward guidance. Q1 earnings call summary discloses key financial metrics, revenue growth, and strategic outlook directly influencing investor sentiment and stock trajectory.
Tarsus Pharmaceuticals (TARS) reported a Q1 net loss but beat revenue estimates. Quarterly loss with revenue beat signals moderate financial progress amid typical biotech unprofitability.
Tarsus Pharmaceuticals, Inc. (TARS) reported first quarter 2026 financial results and highlighted recent business achievements. Quarterly financial results and business achievements moderately influence financial performance and market sentiment.
3 Apr
Tarsus Pharmaceuticals' TP-05 advances in Phase 2 trial for Lyme disease prophylaxis, with progress potentially boosting investor sentiment, stock performance, and company valuation amid expanding pipeline opportunities. Phase 2 trial progress in Lyme prophylaxis marks a significant pipeline expansion for TARS, likely altering competitive positioning and driving substantial investor interest.
Tarsus Pharmaceuticals (TARS) valuation scrutinized after recent share price volatility and persistent operational losses. Ongoing losses combined with share price swings moderately influence financial performance and investor sentiment.
31 Mar
Tarsus Pharmaceuticals dosed the first participant in the Calliope Phase 2 clinical trial of TP-05 (lotilaner), a novel investigational oral tablet for preventing Lyme disease. Dosing first patient in Phase 2 trial advances novel Lyme prophylaxis, expanding pipeline into high-prevalence infectious disease market.
23 Mar
TP-03 (lotilaner ophthalmic solution) 0.25% approved in China for Demodex blepharitis treatment, triggering $15M milestone payment to Tarsus Pharmaceuticals (TARS). China approval opens major new market for TP-03 while delivering $15M cash milestone to bolster Tarsus finances and growth.
22 Mar
Tarsus Pharmaceuticals (TARS) stock surged 242%, with a $122 million position suggesting further upside potential. TARS 242% stock surge and $122 million position signal significant future upside and investor confidence.
6 Mar
Oppenheimer raised its price target for Tarsus Pharmaceuticals (TARS) to $105 and maintained an Outperform rating. Oppenheimer's price target increase to $105 for TARS signals strong positive investor sentiment and potential stock price momentum.
2 Mar
Tarsus Pharmaceuticals, Inc. (TARS), maker of eye drops, nears a technical buy point amid positive stock momentum. Approaching a buy point indicates moderately noticeable potential uplift in market sentiment and short-term performance for TARS.