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Arcutis Biotherapeutics

(NASDAQ) ARQT

Current Price$27.74
Market Cap$3.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2020)+27%
5 Year+9%
1 Year+80%
1 Month+9%
Arcutis Biotherapeutics last closing stock price
MetricPriceDate
Last closeUSD 27.782026-07-15
Arcutis Biotherapeutics stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-2.53%USD 28.502026-07-08
1 month+8.6%USD 25.582026-06-15
3 month+14.84%USD 24.192026-04-16
Year to date-4.34%USD 29.042025-12-31
1 year+80.39%USD 15.402025-07-15
3 year+194.28%USD 9.442023-07-14
5 year+8.52%USD 25.602021-07-16
Since inception+27.43%USD 21.802020-01-31

Arcutis Biotherapeutics Financials at a Glance

Market Cap

$3.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$415.62M

Net Income (TTM)

-$2.38M

EPS (TTM)

-$0.03

P/E Ratio

-978.17

Dividend

$0.00

Beta (Volatility)

1.22 (Average)

Price

$27.74

Volume

1,749,961

Open

$27.79

Previous Close

$27.74

Daily Range

$27.32 - $28.05

52-Week Range

$13.70 - $31.77

Estimated Earnings Date

Aug 5, 2026

About Arcutis Biotherapeutics

Arcutis makes skin creams and foams to treat common rashes. These medicines help people with psoriasis and itchy skin conditions. The company sells its products across the United States and Canada.

Creams and Foams for Better Skin

  • ZORYVE foam: Steroid-free treatment for seborrheic dermatitis and scalp psoriasis; accounts for 47% of revenue.
  • ZORYVE cream 0.3%: Topical formulation used to treat plaque psoriasis in adults and children; generates 31% of revenue.
  • ZORYVE cream 0.15%: Medicine for mild to moderate atopic dermatitis in patients aged six and older; makes up 21% of revenue.
  • ZORYVE cream 0.05%: Lower-concentration cream designed for children aged two to five with atopic dermatitis; contributes 1% of revenue.

Building a Global Presence

  • Purchased Ducentis Biotherapeutics LTD in 2022 to add a new biological treatment to the pipeline.
  • Entered a licensing deal with Hangzhou Zhongmei Huadong Pharmaceutical Co., Ltd. in 2023 for rights in China.
  • Formed a partnership with Sato Pharmaceutical Co., Ltd. in February 2024 to develop products in Japan.
  • Ended a promotion agreement with Kowa Pharmaceuticals America, Inc. in January 2026.

Focusing on Chronic Skin Care

The company avoids steroids by using phosphodiesterase-4 (PDE4) inhibitors, which block enzymes that cause skin inflammation. Its development platform focuses on validated biological targets to reduce the risk of clinical failure.

The Financial Picture

  • Revenue reached $105.4 million in Q1 2026, up 60.1% from Q1 2025.
  • Net loss narrowed to $11.3 million in Q1 2026, improving 54.9% from the previous year.
  • Free cash flow turned positive at $2.2 million in Q1 2026, up from a $31 million loss in Q1 2025.
  • Market cap reached $3 billion in Q1 2026, up 54.6% year-over-year.

Evolution in Dermatology

Arcutis has transitioned from a research-focused firm to a commercial-stage company with multiple approved products. Its focus on non-steroidal treatments allows it to compete in large markets for chronic skin diseases.

AI Generated • May 25, 2026

Industry

Biotechnology

Employees

354

CEO

Todd Franklin Watanabe

Headquarters

Westlake Village, CA 91361, US

ARQT Financials

Key Financial Metrics (TTM)

Gross Margin

90.94%

Operating Margin

0.77%

Net Income Margin

-0.57%

Return on Equity

-1.41%

Return on Capital

-6.25%

Return on Assets

-0.52%

Earnings Yield

-0.10%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$3.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

125.08M

Volume

1.75M

Avg. Volume

1.78M

Financials (TTM)

Gross Profit

$377.98M

Operating Income

$3.21M

EBITDA

$15.03M

Operating Cash Flow

$26.99M

Capital Expenditure

-$78.00K

Free Cash Flow

$26.92M

Cash & ST Invst.

$224.00M

Total Debt

$114.67M

Arcutis Biotherapeutics Performance Analysis

Arcutis Biotherapeutics annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 3,686,000N/A
20232023-12-31USD 59,606,0001517.1%
20242024-12-31USD 196,542,000229.7%
20252025-12-31USD 376,072,00091.3%
Arcutis Biotherapeutics sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3023.8%
Q32025-09-3021.7%
Q42025-12-3130.5%
Q12026-03-31-18.6%
Arcutis Biotherapeutics annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -5.6635.5%
20232023-12-31USD -3.78-33.2%
20242024-12-31USD -1.16-69.4%
20252025-12-31USD -0.13-89.0%
Arcutis Biotherapeutics sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-3035.0%
Q32025-09-30142.9%
Q42025-12-31133.0%
Q12026-03-31-167.2%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$105.40M

+60.1%

Gross Profit

$95.61M

+67.7%

Gross Margin

90.72%

N/A

Market Cap

$3.47BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$9.82M

N/A

Employees

354

N/A

Net Income

-$11.30M

+54.9%

EBITDA

-$6.27M

+66.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$224.00M

+13.1%

Total Debt

$114.67M

+3.5%

Accounts Receivable

$144.38M

+69.0%

Inventory

$37.39M

+125.1%

Long Term Debt

$106.72M

-2.9%

Short Term Debt

$7.95M

+844.2%

Return on Assets

-0.52%

N/A

Return on Invested Capital

1.08%

N/A

Free Cash Flow

$2.24M

+107.2%

Operating Cash Flow

$2.24M

+107.4%

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Questions About ARQT

What is the current price of Arcutis Biotherapeutics?

Arcutis Biotherapeutics is trading at $27.74 per share.

What is the 52-week range for Arcutis Biotherapeutics?

Over the past 52 weeks, Arcutis Biotherapeutics has traded between $13.70 and $31.77.

How much debt does Arcutis Biotherapeutics have?

As of the most recent reporting period, Arcutis Biotherapeutics reported total debt of $114.67M.

How much cash does Arcutis Biotherapeutics have on hand?

Arcutis Biotherapeutics reported $35.07M in cash and cash equivalents in its most recent financial results.

What is Arcutis Biotherapeutics’s dividend yield?

Arcutis Biotherapeutics does not currently have a dividend yield.

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