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MARKETS / NASDAQ / ARQT
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Arcutis Biotherapeutics, Inc. ARQT

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$372.1M
▲ 123.4% YoY
$-16.1M
$-6.3M
In brief

What this company does

It launched its lead product, ZORYVE cream 0.3%, in August 2022 after obtaining initial FDA approval for the treatment of plaque psoriasis, including psoriasis in the intertriginous areas, in individuals 12 years of age or older. It also received FDA approval for, and commercially launched, ZORYVE cream 0.15% in July 2024 for the topical treatment of mild to moderate atopic dermatitis in adults and pediatric patients 6 years of age and older. It views its operations and manages its business as one reportable segment. As of December 31, 2025, it had 354 full-time employees. It was formed under the laws of the State of Delaware in June 2016 under the name Arcutis, Inc. and changed its name to Arcutis Biotherapeutics, Inc. in October 2019.

Written from the business description in ARCUTIS BIOTHERAPEUTICS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 372.1M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 372.1 · Net income -16.1
200M-200M20182019202020212022202320242025
Compound annual growth
+365.6%
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−4 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -3.3% · Net -4.3%
-5000%20182019202020212022202320242025
ROE
FY2025 · ROE -9.3%
-50%-100%-150%20182019202020212022202320242025

Each USD of equity lost 9 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -6.3
-100M-200M20182019202020212022202320242025

Total assetsUSD 433.0M
EquityUSD 189.5M
CashUSD 42.9M
Gross debtUSD 109.0M
Net debtUSD 66.1M
Current ratio3.17×

Net debt stands at 35% of equity.

The 8-year record
8 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018
Revenue $B0.40.20.00.00.00.0··
Operating income $B−0.0−0.1−0.2−0.3−0.2−0.1−0.0−0.0
EBITDA $B−0.0−0.1−0.2−0.3−0.2−0.1−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.0
Net income $B−0.0−0.1−0.3−0.3−0.2−0.1−0.0−0.0
Free cash flow $B−0.0−0.1−0.2−0.3−0.2−0.1−0.0−0.0
EPS, diluted $−0.13−1.16−3.78−5.66−4.18−3.80−22.78−15.53
Dividend / sh $········
Payout %········
ROE %−9.3−113.8−175.8−122.8−72.6−132.0··
Shares out B0.120.120.100.060.050.040.00·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 60 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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