Tarsus Pharmaceuticals Inc

Tarsus Pharmaceuticals Inc

TARS · NASDAQ · Healthcare / Biotechnology

80.28USD+3.39 (+4.41%)

Price History

Full chart

Market Stats

Previous Close76.89
Open76.79
Day Range75.94 – 81.18
52-Week Range53.89 – 91.53
Volume719.29K
Market Cap3.59B
P/E (TTM)0.00
Forward P/E68.03
EPS-1.08
Dividend Yield0.00%
Beta0.54
50-Day Avg70.94
200-Day Avg68.65

About

Tarsus Pharmaceuticals, Inc., a commercial stage biopharmaceutical company, focuses on the development and commercialization of therapeutic candidates for eye care in the United States. The company offers XDEMVY, a lotilaner ophthalmic solution for the treatment of demodex blepharitis caused by the infestation of Demodex mites. It sells its products to specialty pharmacies and distributors, as well as clinics, hospitals, pharmacies, and federal healthcare programs. The company also develops TP-04, a sterile aqueous gel formulation of lotilaner in Phase 2 trial for the treatment of ocular rosacea; and TP-05, an oral tablet formulation of lotilaner in Phase 2 trial for the prevention of Lyme disease, as well as in pre-clinical studies for community malaria reduction. In addition, it is developing the lotilaner active pharmaceutical ingredient (API) to address diseases in human medicine, including eye care and infectious disease prevention. The company has a development and license agreement with Xi An Grand Chang An Pharmaceutical Co., Ltd. for the development and commercialization of TP-03 in China for the treatment of Demodex blepharitis and meibomian gland disease. Tarsus Pharmaceuticals, Inc. was incorporated in 2016 and is headquartered in Irvine, California.

Company Details

  • SectorHealthcare
  • IndustryBiotechnology
  • CEODr. Bobak R. Azamian M.D.
  • Employees370
  • Headquarters17700 Laguna Canyon Road, Irvine, CA, United States, 92618, USA
  • Websitehttps://tarsusrx.com

Leadership

  • Dr. Bobak R. Azamian M.D.Co-Founder, President, CEO & Chairman
  • Mr. Jeffrey S. Farrow CPACFO & Chief Strategy Officer · b. 1962
  • Dr. Seshadri Neervannan Ph.D.Chief Operating Officer · b. 1968
  • Dr. Bryan Wahl J.D., M.D.General Counsel & Corporate Secretary · b. 1978
  • Mr. David NakasoneHead of Investor Relations
  • Ms. Adrienne KempVice President of Corporate Communications
  • Mr. Matthew Rossen M.B.A.Vice President of Marketing · b. 1978
  • Mr. Scott YoumansVice President of Sales
  • Ms. Dianne C. Whitfield M.S.W.Chief Human Resources Officer · b. 1977
  • Dr. Elizabeth Yeu-Lin M.D.Chief Medical Officer · b. 1978

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue0033.43M57.03M25.82M17.45M182.95M451.36M
Growth (%)---+70.58%-54.73%-32.42%+948.62%+146.71%
Cost of Revenue1.00K74.00K246.00K2.08M955.00K1.59M12.83M30.68M
Gross Profit-1.00K-74.00K-246.00K54.95M24.86M15.85M170.13M420.68M
Gross Margin---0.74%96.36%96.30%90.87%92.99%93.20%
Operating Expense1.35M4.22M26.74M67.11M87.57M159.01M290.70M491.64M
Operating Income-1.35M-4.30M-26.98M-12.16M-62.71M-143.16M-120.57M-70.97M
Operating Margin---80.71%-21.32%-242.92%-820.53%-65.90%-15.72%
EBITDA-1.32M-4.55M-26.56M-13.46M-59.70M-131.67M-106.48M-53.61M
EBITDA Margin---79.46%-23.60%-231.27%-754.69%-58.20%-11.88%
Net Income-1.32M-4.67M-26.81M-13.83M-62.09M-135.89M-115.55M-66.42M
Net Income Margin---80.20%-24.25%-240.51%-778.89%-63.16%-14.72%
R&D901.00K3.16M18.83M41.71M42.62M50.31M53.39M64.32M
R&D as % of Total Revenue--56.31%73.14%165.11%288.37%29.18%14.25%
Interest Expense040.00K188.00K2.88M2.06M3.23M7.45M8.94M
Interest Expense % of Total Revenue--0.56%5.05%8.00%18.48%4.07%1.98%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets2.39M58.32M171.97M178.91M227.86M265.49M376.99M562.16M
Total Liabilities3.74M64.32M5.99M12.18M34.96M68.50M152.46M218.73M
Total Equity-1.35M-6.00M165.98M166.73M192.90M196.99M224.53M343.43M
Cash2.35M57.95M168.13M171.33M71.66M224.95M94.82M183.64M
Total Debt-164.00K831.00K1.89M20.21M30.22M72.45M93.64M
Net Debt-2.35M-57.79M-167.30M-169.44M-51.45M-194.73M-22.37M-90.00M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-1.18M-3.67M-21.14M3.75M-49.03M-117.49M-83.03M-12.45M
Investing Cash Flow-7.00K-175.00K-456.00K-586.00K-144.63M140.60M-199.19M-42.12M
Financing Cash Flow3.56M59.45M131.77M21.00K93.99M130.18M154.66M143.39M
Capital Expenditure7.00K175.00K456.00K586.00K506.00K5.50M1.57M9.86M
Free Cash Flow-1.19M-3.85M-21.59M3.16M-49.54M-123.00M-84.59M-22.31M
FCF to OCF100.59%104.76%102.16%84.36%101.03%104.68%101.89%179.18%

Earnings

Report DateSep 2, 2020Nov 25, 2020Mar 31, 2021May 11, 2021Aug 4, 2021Nov 9, 2021Mar 14, 2022May 10, 2022Aug 11, 2022Nov 9, 2022Mar 13, 2023May 9, 2023Aug 10, 2023Nov 9, 2023Feb 27, 2024May 8, 2024Aug 8, 2024Nov 13, 2024Feb 25, 2025May 1, 2025Aug 6, 2025Nov 4, 2025Mar 16, 2026May 6, 2026Aug 6, 2026Nov 3, 2026
EPS Estimate-0.46-0.54-0.66-0.13-0.33-0.47-0.73-1.06-0.50-1.07-0.69-0.91-1.02-1.27-1.36-1.25-0.80-1.00-0.82-0.63-0.36-0.33-0.08-0.42-0.21-1.49
EPS Actual-0.19-0.50-0.680.470.33-0.76-0.72-0.96-0.22-0.84-0.49-0.87-1.17-1.27-1.31-0.99-0.83-0.61-0.60-0.64-0.48-0.30-0.20-0.16-0.43-
Surprise57.63%7.41%-3.03%461.54%200.00%-61.70%1.37%9.43%56.00%21.50%28.99%4.40%-14.71%0.00%3.68%20.80%-3.75%39.00%26.44%-1.59%-33.33%9.09%-139.23%61.90%-104.76%-
Timing-Pre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hours-After-hoursPre-market-

Key Statistics & Ratios

Market Cap3.59B
Enterprise Value3.10B
Trailing P/E0.00
Forward P/E68.03
Price / Sales5.93
Price / Book10.02
EPS-1.08
Book Value8.01
Revenue (TTM)606.33M
Gross Profit (TTM)501.26M
EBITDA-46.20M
Profit Margin-7.67%
Operating Margin-11.45%
Return on Equity-13.68%
Return on Assets-5.49%
Shares Outstanding46.79M
Shares Float32.74M
Beta0.54
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Strong Buy
Based on 8 analystsTarget 99.50
  • Strong Buy
    6
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
99.89%
Insiders
2.69%
Retail / Other
0.00%

Top Institutional Holders

  • Deep Track Capital, LP
    3.67M8.62%
  • BlackRock Inc
    3.55M8.35%
  • RTW INVESTMENTS, LLC
    3.35M7.86%
  • Paradigm Biocapital Advisors LP
    2.78M6.52%
  • HHG PLC
    2.24M5.27%
  • Morgan Stanley - Brokerage Accounts
    1.94M4.57%
  • Vanguard Capital Management, LLC
    1.76M4.14%
  • Jennison Associates LLC
    1.66M3.91%
  • Millennium Management LLC
    1.43M3.35%
  • Bank of America Corp
    1.19M2.81%
  • TANG CAPITAL MANAGEMENT LLC
    1.19M2.79%
  • Geode Capital Management, LLC
    1.12M2.63%
  • State Street Corp
    978.21K2.30%
  • Assenagon Asset Management SA
    947.50K2.23%
  • Driehaus Capital Management LLC
    926.13K2.18%
  • Lord, Abbett & Co LLC
    842.31K1.98%
  • Amvescap Plc.
    742.50K1.74%
  • FMR Inc
    733.33K1.72%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    1.30M3.05%
  • iShares Russell 2000 ETF
    1.07M2.52%