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Tarsus Pharmaceuticals, Inc. TARS

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70.84 USD +2.24 (+3.27%)

At closeNov 9, 2026, 4:00 PM EST

70.84 0.00 0.00%

After hours · Nov 9, 4:00 PM ET

67.45 Day range 71.20
53.89 52-week range 91.53
YTD
-13.48%
1 year
+3.79%
Market cap
3.49B
Revenue (ttm)
682.20M
Profit margin
-102.93%
EPS (ttm)
-15.86
Shares out
49.31M
Forward P/E
329.49
YTD return
-13.48%
1-year return
+3.79%
Volume
862.18K
Avg volume
870.41K
Open
69.81
Previous close
68.60
Day's range
67.45 – 71.20
52-week range
53.89 – 91.53
Beta
0.33
Analysts
Strong Buy
Price target
103.44 (+46.0%)
Earnings date
Feb 22, 2027

5D -3.55 (-4.77%)

67.507072.5075TueWedThuFriMon70.84

Key statistics

Enterprise value
3.16B
PEG ratio
0.00
Price / sales
5.12
Price / book
33.57
Dividend yield
0.00%
Payout ratio
0.00%
Revenue growth
63.90%
Free cash flow
79.94M
Total cash
309.61M
Total debt
89.43M
Return on equity
-319.84%
Short % of float
11.96%
50-day average
74.99
200-day average
67.75

Financials — quick view

All financials
TARS Revenue — quarterly 194.57M
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026
TARS Net income — quarterly -668.33M
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026
TARS EPS — quarterly -14.40
2022-Q4 20222023-Q1 20232023-Q2 20232023-Q3 20232023-Q4 20232024-Q1 20242024-Q2 20242024-Q3 20242024-Q4 20242025-Q1 20252025-Q2 20252025-Q3 20252025-Q4 20252026-Q1 20262026-Q2 20262026-Q3 2026

Earnings

TARS recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Feb 22, 2027Dec 30, 2026-0.18256———
Nov 3, 2026Sep 30, 2026-1.46-14.40-12.94-886.30%
Aug 6, 2026Jun 30, 2026-0.19177-0.43-0.24-124.23%
May 6, 2026Mar 31, 2026-0.40167-0.16+0.24+60.17%
Feb 23, 2026Dec 31, 2025-0.103-0.20-0.10-94.17%
Nov 4, 2025Sep 30, 2025-0.35-0.30+0.05+14.29%

Upgrades / downgrades

TARS analyst upgrades and downgrades
DateFirmActionFromTo
Nov 5, 2026GuggenheimmainBuyBuy
Nov 4, 2026HC Wainwright & Co.mainBuyBuy
Sep 8, 2026JefferiesmainBuyBuy
Aug 12, 2026OppenheimermainOutperformOutperform
Jul 31, 2026MizuhomainOutperformOutperform
Jul 21, 2026GuggenheimmainBuyBuy

About Tarsus Pharmaceuticals, Inc.

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.

Sector
Healthcare
Industry
Biotechnology
Country
United States
Website
tarsusrx.com

News

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Insider holders

TARS insider holders
InsiderRelationLatest transactionDateShares held
AZAMIAN BOBAK RChief Executive OfficerSaleSep 3, 20260
FARROW JEFFREY SChief Financial OfficerSaleJun 15, 202656,801
GOLDBERG ANDREW DDirectorConversion of Exercise of derivative securityJun 11, 202619,654
LIN ELIZABETH YEUOfficerSaleSep 3, 20260
LINK WILLIAM JDirectorSaleSep 14, 202694,487
MOTTIWALA AZIZOfficerSaleMar 18, 202661,480

Institution ownership

TARS institution ownership
Holder% heldSharesValueReported
Blackrock Inc.7.82%3,856,137273.17MJun 29, 2026
Deep Track Capital, Lp7.44%3,666,768259.75MJun 29, 2026
RTW Investments LP6.81%3,357,059237.81MJun 29, 2026
Jupiter Topco LLC5.70%2,808,796198.98MJun 29, 2026
Paradigm Biocapital Advisors LP5.63%2,775,649196.63MJun 29, 2026
Morgan Stanley3.71%1,827,082129.43MJun 29, 2026

Fund ownership

TARS fund ownership
Holder% heldSharesValueReported
VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund2.63%1,295,41191.77MJun 29, 2026
iShares Trust-iShares Russell 2000 ETF2.20%1,084,12476.80MSep 29, 2026
Fidelity Salem Street Trust-Fidelity Small Cap Index Fund0.93%458,55232.48MAug 30, 2026
VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund0.92%455,50732.27MJun 29, 2026
Prudential Jennison Small Co Fd., Inc.-PGIM JENNISON SMALL COMPANY Fd.0.83%408,22628.92MJun 29, 2026
JANUS INVESTMENT FUND-Janus Henderson Global Life Sciences Fund0.83%409,43629.00MSep 29, 2026