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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›TARS›Financials
Annual statements · SEC XBRL · FY2018 – FY2025

Tarsus Pharmaceuticals, Inc. (TARS) financials

Income statement

Tarsus Pharmaceuticals, Inc. (TARS) income statement, annual, from SEC filings
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue——$0.00$57.0M$25.8M$17.4M$183M$451M
Revenue growth————-54.7%-32.4%948.6%146.7%
Operating income—-$4.30M-$27.0M-$12.2M-$62.7M-$143M-$121M-$71.0M
Operating margin———-21.3%-242.9%-820.5%-65.9%-15.7%
Net income-$1.32M-$4.67M-$26.8M-$13.8M-$62.1M-$136M-$116M-$66.4M
Net margin———-24.2%-240.5%-778.9%-63.2%-14.7%
EPS (diluted)—-$1.98-$4.32-$0.67-$2.52-$4.62-$3.07-$1.59

Cash flow

Tarsus Pharmaceuticals, Inc. (TARS) cash flow, annual, from SEC filings
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow—-$3.67M-$21.1M$3.75M-$49.0M-$117M-$83.0M-$12.5M
Capital expenditures—$175K$456K$586K$506K$1.50M$1.57M$9.86M
Free cash flow—-$3.85M-$21.6M$3.16M-$49.5M-$119M-$84.6M-$22.3M

Balance sheet

Tarsus Pharmaceuticals, Inc. (TARS) balance sheet, annual, from SEC filings
Fiscal yearFY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$2.38M$58.0M$168M$171M$71.7M$225M$94.8M$184M
Total assets—$58.3M$172M$179M$228M$265M$377M$562M
Total liabilities—$919K$5.99M$12.2M$35.0M$68.5M$152M$219M
Long-term debt———$0.00$19.4M$29.8M$71.8M$72.4M
Shareholders' equity-$1.35M-$6.00M$166M$167M$193M$197M$225M$343M
Retained earnings—-$6.03M-$32.8M-$46.7M-$109M-$245M-$360M-$427M
Shares (wtd avg diluted)—2.65M6.21M20.6M24.6M29.4M37.6M41.8M

Every figure is extracted from Tarsus Pharmaceuticals, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Tarsus Pharmaceuticals, Inc.'s annual revenue?
Tarsus Pharmaceuticals, Inc. (TARS) reported $451M of revenue for fiscal year 2025 — up 146.7% from $183M in FY2024, per its annual report filed with the SEC.
Is Tarsus Pharmaceuticals, Inc. profitable?
Not in FY2025 — TARS reported a net loss of $66.4M, per SEC filings.
What is Tarsus Pharmaceuticals, Inc.'s free cash flow?
-$22.3M in FY2025 (operating cash flow -$12.5M minus $9.86M of capital expenditures), from the SEC cash-flow statement.
Does TARS pay a dividend?
Tarsus Pharmaceuticals, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full TARS analysis — verdict, score & filings →Is TARS a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.