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    Tarsus Pharmaceuticals Inc (TARS)

    Official site

    HEALTHCARE • BIOTECHNOLOGY • NASDAQ

    $70.99
    -1.30 (-1.80%)

    Market Cap: $3.38B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    68%(17/25)
    Avg Surprise
    +25.88%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$-1.77
    Range$-2.23 - $-1.46
    3 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate DriftChange to current
    90d ago$-0.20-796.3%
    60d ago$-1.83+3.7%
    30d ago$-1.53-15.2%
    7d ago$-1.54-15.0%
    Current$-1.77
    Revenue Consensus
    $184M
    Range$179M - $194M
    4 analysts
    Period ending Dec 31, 2026
    EPS Consensus$-3.41
    Range$-9.27 - $0.21
    3 analysts
    Revenue Consensus
    $219M
    Range$205M - $233M
    4 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$-3.41---
    Sep 26EST
    -$-1.77---
    Jun 26
    Reported Aug 6
    $-0.43$-0.21-104.76%Miss+10.4%
    Mar 26
    Reported May 6
    $-0.16N/A+61.90%Beat+75.0%
    Dec 25
    Reported Feb 23
    $-0.20$-0.08-139.23%Miss+66.7%
    Sep 25
    Reported Nov 4
    $-0.30$-0.33+9.09%Beat+50.8%
    Jun 25
    Reported Aug 6
    $-0.48$-0.36-33.33%Miss+42.2%
    Mar 25
    Reported May 1
    $-0.64$-0.63-1.59%Miss+35.4%
    Dec 24
    Reported Feb 25
    $-0.60$-0.82+26.44%Beat+54.2%
    Sep 24
    Reported Nov 13
    $-0.61$-1.00+39.00%Beat+52.0%
    Jun 24
    Reported Aug 8
    $-0.83$-0.80-3.75%Miss+29.1%
    Mar 24
    Reported May 8
    $-0.99$-1.25+20.80%Beat-13.8%
    Dec 23
    Reported Feb 27
    $-1.31$-1.36+3.68%Beat-167.3%
    Sep 23
    Reported Nov 9
    $-1.27$-1.27+0.00%Beat-51.2%
    Jun 23
    Reported Aug 10
    $-1.17$-1.02-14.71%Miss-431.8%
    Mar 23
    Reported May 9
    $-0.87$-0.91+4.40%Beat+9.4%
    Dec 22
    Reported Mar 13
    $-0.49$-0.69+28.99%Beat+31.9%
    Sep 22
    Reported Nov 9
    $-0.84$-1.07+21.50%Beat-10.5%
    Jun 22
    Reported Aug 11
    $-0.22N/A+56.00%Beat-166.7%
    Mar 22
    Reported May 10
    $-0.96$-1.06+9.43%Beat-304.3%
    Dec 21
    Reported Mar 14
    $-0.72$-0.73+1.37%Beat-5.9%
    Sep 21
    Reported Nov 9
    $-0.76$-0.47-61.70%Miss-52.0%
    Jun 21
    Reported Aug 4
    $0.33$-0.33+200.00%Beat+269.3%
    Mar 21
    Reported May 11
    $0.47$-0.13+461.54%Beat-
    Dec 20
    Reported Mar 31
    $-0.68$-0.66-3.03%Miss-
    Sep 20
    Reported Oct 16
    $-0.50$-0.54+7.41%Beat-
    Jun 20
    Reported Sep 2
    $-0.19N/A+57.63%Beat-

    Key Metrics

    Valuation
    P/E Ratio-65.13EV/EBITDAN/A
    Price/FCF55.01xFCF Yield1.82%
    Profitability
    Profit Margin-7.67%Operating Margin-11.50%
    ROE-13.70%ROIC-9.20%
    Financial Health
    Debt/Equity0.21xInterest Coverage-5.58x
    Current Ratio3.20xQuick Ratio3.17x
    Trading Statistics
    Beta0.45Avg Volume856.60K
    52-Week High$91.5352-Week Low$53.89

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$72.91
    SMA 20$74.76
    SMA 50$74.78
    SMA 200$68.20
    EMA 10$73.03
    EMA 20$74.22
    EMA 50$73.23
    EMA 200$68.00

    MACD

    Line: -1.02Signal: -0.40Hist: -0.63

    ADX

    ADX: 16.5+DI: 18.3-DI: 20.8

    Aroon & PSAR

    Aroon UpN/A
    Aroon Down96.0
    PSAR$76.25

    Bollinger Bands

    Upper Band$79.34
    Lower Band$70.18
    %B Position1224%(Upper)
    Band Width0.09

    RSI (14-Day)

    Neutral
    41.7

    Momentum Oscillators

    Stoch %K13.7
    Stoch %D21.4
    Williams %R-89.4
    ROC (10d)-5.9%
    Momentum-4.47
    CCI (20d)-106.6
    MFI (14d)54.6

    Volatility Measures

    ATR (14d)$3.16(4.5%)
    StdDev (20d)2.29
    Hist Vol35.3%(Moderate)

    Volume Flow

    VWAP$72.16
    OBV9.1M
    AD Line5.6M
    CMF (20d)-0.091

    Volume Metrics

    Avg Vol (20d)885.6K
    Vol Ratio1.1x
    VWMA (20d)$74.60

    Pivot Points

    R3$77.07
    R2$75.21
    R1$73.75
    Pivot Point$71.89
    S1$70.43
    S2$68.57
    S3$67.11

    Advanced Oscillators

    TSI-9.09
    Ultimate Osc36.5
    KST-39.38

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$173.91M$162.05M$151.67M$118.70M$102.66M$78.33M$66.41M$48.12M$40.81M$27.61M$13.08M$1.87M
    Cost of Revenue$12.11M$9.40M$10.93M$8.31M$6.24M$5.21M$4.93M$3.24M$3.00M$1.65M$1.22M$377,000
    Gross Profit$161.80M$152.66M$140.74M$110.39M$96.42M$73.12M$61.48M$44.88M$37.81M$25.96M$11.86M$1.49M
    Operating Expenses$181.71M$158.78M$148.72M$124.92M$118.61M$99.40M$85.90M$70.04M$71.11M$63.64M$56.31M$42.43M
    R&D$31.01M$22.35M$18.04M$16.28M$15.59M$14.41M$16.87M$12.13M$12.32M$12.07M$13.30M$12.11M
    SG&A$150.70M$136.43M$130.68M$108.63M$103.01M$85.00M$69.03M$57.91M$58.79M$51.58M$43.01M$30.32M
    Operating Income$-19,908,000$-6,122,000$-7,976,000$-14,529,000$-22,184,000$-26,280,000$-24,421,000$-25,162,000$-33,302,000$-37,684,000$-44,450,000$-40,935,000
    Interest Income$6.51M$3.72M$3.95M$4.11M$4.23M$3.45M$3.65M$4.12M$4.13M$3.12M$2.98M$2.84M
    Interest Expense$2.16M$2.13M$2.21M$2.27M$2.24M$2.21M$2.31M$2.44M$4.05M$983,000$989,000$858,000
    Income Before Tax$-15,835,000$-4,615,000$-6,314,000$-12,585,000$-20,340,000$-25,120,000$-23,113,000$-23,420,000$-33,290,000$-35,731,000$-41,902,000$-39,148,000
    Income Tax Expense$2.72M$2.35M$0$0$0$0$0$0$0$0$0$0
    Net Income$-18,551,000$-6,967,000$-8,373,000$-12,585,000$-20,340,000$-25,120,000$-23,113,000$-23,420,000$-33,290,000$-35,731,000$-41,902,000$-39,148,000
    EBITDA$-19,785,000$-6,462,000$-8,376,000$-15,353,000$-23,439,000$-27,076,000$-25,359,000$-25,826,000$-34,325,000$-37,771,000$-43,525,000$-41,305,000
    EBIT$-20,189,000$-6,209,000$-8,050,000$-14,431,000$-22,329,000$-26,361,000$-24,448,000$-25,095,000$-33,367,000$-37,865,000$-43,891,000$-41,130,000
    * Some calculated fields are derived from available data when not provided by source

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    TARS Valuation and Fair Value

    P/E
    -65.1x
    Forward P/E
    68.0x
    P/FCF
    55.0x
    P/B
    8.9x
    See GNG's fair value

    TARS Profitability: Margins, ROIC and FCF

    Gross margin
    93.3%
    Operating margin
    -11.5%
    Net margin
    -7.7%
    ROIC
    -9.2%
    ROE
    -13.7%
    FCF margin
    9.2%
    FCF yield
    1.8%

    TARS Analyst Ratings

    Consensus
    Buy
    Analysts
    10
    Strong Buy
    1
    Buy
    9
    Hold
    0
    Sell
    0
    Strong Sell
    0

    TARS Bull Case vs Bear Case

    Bull case

    • TARS grew quarterly revenue 69.4% year over year.
    • 100.0% of TARS's analyst ratings are Buy or Strong Buy.

    Bear case

    • TARS has a -7.7% net profit margin.

    TARS Earnings: Beat Rate and Next Report

    Beat rate
    4 of 8 quarters (50.0%)
    Average surprise
    -17.8%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $-1.77
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    0 up, 0 down

    Frequently Asked Questions About TARS

    Does TARS pay dividends?

    Tarsus Pharmaceuticals Inc (TARS) does not currently pay a regular dividend.

    What is TARS's market cap?

    Tarsus Pharmaceuticals Inc (TARS) has a market capitalization of $3.38B with a current stock price of $70.99.

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