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Tarsus Pharmaceuticals Inc (TARS)

US · Healthcare · Biotechnology

$79.03+1.79%
Last close · 2026-09-17

Latest quarter · ended 2026-06-30

Revenue
$173.9M
Revenue YoY
+69.4%
Net profit
$-18.6M
EPS
$-0.43
EPS estimate
$-0.21
Net margin
-10.7%

EPS came in at -0.43 against a street estimate of -0.21 — a miss of 104.8%.

Key statistics

Market cap
$3.63B
Forward P/E
71.9
P/B
10.56
Book value
$8.01
EPS (TTM)
$-1.06
52-week high
$91.53
52-week low
$53.85
50-day MA
$68.12
200-day MA
$68.82
Beta
0.54

Analyst view

Analysts rate Tarsus Pharmaceuticals Inc a strong buy (7 buy, 1 hold, 0 sell out of 8) with an average price target of $96.12.

From the latest earnings call · 2026-08-06

CONFIDENT XDEMVY hit $174M Q2 sales (+69% YoY), on track for $2B+ peak. Tarsus acquiring Alkeus/ALK-001 for Stargardt disease ($450M upfront + $350M milestones). Phase III results expected H2 2029. Raised FY26 revenue guidance. Q2 2026 Call did not segment by geography. Analysts pressed on ALK-001 differentiation, commercial sequencing, and competitive risk (tinlarebant). Management stressed safety/efficacy profile, sales-force synergies, and global enrollment flexibility. No major concerns raised; guidance refinements (R&D up, profitability delayed) offset by confidence in both XDEMVY durability and Stargardt opportunity. 2026-08-06…

Full summary in the app.

Shareholding

Insiders
2.69%
Institutions
99.89%

Largest institutional holders

FundStake
Deep Track Capital, LP8.62%
BlackRock Inc8.35%
RTW INVESTMENTS, LLC7.86%
Paradigm Biocapital Advisors LP6.52%
HHG PLC5.27%
Morgan Stanley - Brokerage Accounts4.57%
Vanguard Capital Management, LLC4.14%
Jennison Associates LLC3.91%

Recent filings & reports

DocumentDate
Acquisition completed · Q3 2026
TARSUS PHARMACEUTICALS, INC. – FORM 8-K SUMMARY September 4, 2026 Acquisition Completion --- HEADLINE NUMBERS • Acquisition completed: September 4,
2026-09-10
Quarterly report · Q2 2026
TARSUS PHARMACEUTICALS, INC. – Q2 2026 10-Q SUMMARY HEADLINE NUMBERS • Product Sales (Q2 2026): $173.9 million (up 69% vs. $102.7 million in Q2 2025
2026-08-06
Results announced · Q3 2026
TARSUS PHARMACEUTICALS Q2 2026 FINANCIAL SUMMARY HEADLINE NUMBERS • Q2 2026 XDEMVY net product sales: $173.9 million, up 69% year-over-year (vs. $10
2026-08-06
Material agreement · Q3 2026
TARSUS PHARMACEUTICALS, INC. – FORM 8-K SUMMARY HEADLINE NUMBERS • Private placement of $125.0 million in gross proceeds (before fees and expenses)
2026-08-06
Material agreement · Q3 2026
TARSUS PHARMACEUTICALS, INC. – FORM 8-K SUMMARY HEADLINE NUMBERS • Up-front cash consideration: $270,000,000 • Up-front stock consideration: $180,00
2026-08-06
Board / officer change · Q3 2026
TARSUS PHARMACEUTICALS, INC. - FORM 8-K SUMMARY HEADLINE NUMBERS • No financial metrics provided in this filing BUSINESS & SEGMENT HIGHLIGHTS • Tars
2026-07-13
Quarterly report · Q1 2026
TARSUS PHARMACEUTICALS, INC. — Q1 2026 10-Q SUMMARY HEADLINE NUMBERS • Product sales (Q1 2026): $145.4 million, up 86% from $78.3 million in Q1 2025
2026-05-06
Proxy statement · Q2 2026
TARSUS PHARMACEUTICALS, INC. – 2026 PROXY STATEMENT SUMMARY --- WHAT SHAREHOLDERS ARE VOTING ON • Proposal 1: Elect four Class III directors (Wendy
2026-04-28

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Deals & corporate news

AnnouncementDate
Agreement and Plan of Merger with Alkeus announced
Tarsus Pharmaceuticals announced a merger agreement dated July 31, 2026, with a company called Alkeus. The deal involves a merger subsidiary and includes standard acquisition agreements like
2026-09-10
Merger agreement entered into to acquire Alkeus Pharmaceuticals
Tarsus Pharmaceuticals agreed to acquire Alkeus Pharmaceuticals for up to $800 million total. The deal structure includes: $270 million cash upfront plus $180 million in Tarsus stock (valued
2026-08-06
Acquires iRenix Medical in merger valued at up to $527.5 million
Tarsus Pharmaceuticals acquired iRenix Medical on July 6, 2026, in a deal structured to pay $37.5 million in cash upfront plus 607,093 shares of Tarsus stock. The acquisition includes signif
2026-07-08

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Data updated 2026-09-18.