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NYSE · PHARMACEUTICAL PREPARATIONS · LARGE CAP

Arcus Biosciences, Inc. RCUS

10 fiscal years on record · USD · FY2025 reported · SEC filings only
$247.0M
▼ 4.3% YoY
$-353.0M
$-484.0M

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

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 247.0M
Revenue, FY2025 · full 10-year series below
Revenue $M Net income $M
FY2025 · Revenue 247.0 · Net income -353.0
150M300M-150M-300M
2016201920222025
Compound annual growth
+30.2%
+25.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +25.9% a year over the five years to FY2025.

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

−143 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -156.3% · Net -142.9%
-1000%-2000%-3000%
201620202025
ROE
FY2025 · ROE -63.3%
2%4%6%-20%-40%-60%
201620202025
Three returns, three denominators.

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-400M
201620202025
Net buybacks $M Dividends $M
FY2019 · Dividends · · Net buybacks -1.1
-2M-3M
20182019

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—not applicable◌not available in our data
RCUS, 10-year financial record
Metric 2025202420232022202120202019201820172016
Revenue $B0.20.30.10.10.40.10.00.00.0◌
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 % — not applicable: no dividend——————————
ROE %−63.3−59.8−54.9−35.67.9−36.9−42.5———
Shares out B0.130.090.080.070.070.070.050.040.00◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 2 failures in 38 reconciliationsAUDITED

Reconciled in 8 of the 10 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. Nine checks were skipped: EPS is not tagged before 2016.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency2 failures
ActivityPharmaceutical Preparations
Listed onNYSE
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2016

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