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MARKETS / NYSE / RCUS
NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Arcus Biosciences, Inc. RCUS

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$33.0M
▼ 35.3% YoY
$-353.0M
$-484.0M
In brief

What this company does

We are a late clinical-stage biopharmaceutical company focused on developing differentiated molecules for patients with cancer and inflammatory and autoimmune diseases. Our most advanced molecules are in Phase 3 registrational studies for various cancer indications and we expect our next wave of clinical-stage molecules to come from our inflammation and autoimmune disease programs. Our vision is to leverage our internal small-molecule discovery capabilities to create, develop and commercialize highly differentiated therapies that can have a meaningful impact on patients. Casdatifan is our oral, small-molecule inhibitor of HIF-2α, a target that has been commercially validated by the approval of Merck & Co., Inc's ("Merck") HIF-2α inhibitor belzutifan. Gilead and Arcus co-develop globally and share co-promotion rights in the U.S. for domvanalimab and quemliclustat. Gilead holds commercialization rights outside of the U.S. subject to Taiho’s rights for the Taiho Territory. As of December 31, 2025, we had 601 full-time employees, approximately 49% of whom hold Ph. We were incorporated under the laws of the State of Delaware in April 2015. Our vision is to leverage our internal small-molecule discovery capabilities to create, develop and commercialize highly differentiated therapies that can have a meaningful impact on patients.

Written from the business description in Arcus Biosciences, 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 33.0M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 33.0 · Net income -353.0
200M-200M2016201720182019202020212022202320242025
Compound annual growth
−4.6%
−15.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −15.8% a year over five years.

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
−1070 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -1169.7% · Net -1069.7%
-1000%-2000%-3000%2016201720182019202020212022202320242025
ROE
FY2025 · ROE -63.3%
2%4%6%-20%-40%-60%2016201720182019202020212022202320242025

Each USD of equity lost 63 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -484.0
200M400M-200M-400M2016201720182019202020212022202320242025
Net buybacks $M Dividends $M
FY2019 · Dividends — · Net buybacks -1.1
-2M-4M20182019

Total assetsUSD 1.1B
EquityUSD 631.0M
CashUSD 222.0M
Gross debtUSD 99.0M
Net debtUSD -123.0M
Current ratio4.36×

The company holds more cash than debt.

The 10-year record
10 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 2025202420232022202120202019201820172016
Revenue $B0.00.10.00.00.40.10.00.00.0·
Operating income $B−0.4−0.3−0.3−0.30.1−0.1−0.1−0.1−0.1−0.0
EBITDA $B··········
Income tax $B0.00.00.00.00.0·····
Net income $B−0.4−0.3−0.3−0.30.1−0.1−0.1−0.0−0.1−0.0
Free cash flow $B−0.5−0.2−0.30.4−0.30.1−0.1−0.0−0.0−0.0
EPS, diluted $−3.29−3.14−4.15−3.710.71−2.24−1.93−1.43−29.03−20.80
Dividend / sh $··········
Payout %··········
ROE %−63.3−59.8−54.9−35.67.9−36.9−42.5−61.0··
Shares out B0.130.090.080.070.070.070.050.040.00·

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 · 2 failures in 38 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 38 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente2 failures
ActivityPharmaceutical Preparations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2016

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