NASDAQ$TARS

Tarsus Pharmaceuticals Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

TARS reported Q3 2025 revenue of $118.7M, a net loss of $12.6M.

For Q3 2025, TARS reported Revenue was $118.7M, net loss was $12.6M. Management discusses operating performance, liquidity, and outlook in the quarterly filing.

  • Revenue $118.7M for Q3 2025.
  • Net loss $12.6M.
  • MD&A covers liquidity, capital allocation, and sector-specific risks.

Headline financials

Total Revenue

$119M

Previous: $48.1M+146.7%
EPS (adj)

$0.30

Previous: -$0.61+149.2%
Capital Expenditures

-$3.5M

Previous: -$1.5M-134.2%
Free Cash Flow

-$16.1M

Previous: -$24.9M+35.4%
Net Income

-$12.6M

Previous: -$23.4M+46.3%
Operating Income

-$14.5M

Previous: -$25.2M+42.3%
Gross Profit

$119M

Previous: $48.1M+146.7%

Revenue & EPS history

Tarsus · Revenue · Quarterly

$119M

Q3 2025+146.7%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Forward guidance

Outlook focuses on cash runway, pipeline milestones, and cost discipline toward profitability.

Tailwinds

  • Liquidity and operating priorities are detailed in MD&A.
  • Pipeline or product milestones may support future revenue.

Headwinds

  • Operating losses and R&D spend pressure near-term earnings.
  • Financing or dilution risk if losses persist.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+3.2%

Avg return

Earnings day

+4.2%

Avg return

5 days after

+17.8%

Avg return

30 days after

63%

15 / 24 earnings

Positive

+18.3%

Q2 2024

Best reaction

-10.5%

Q1 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-8.4%-9.0%
Q4 2025+9.6%+8.5%-3.4%
Q3 2025-4.7%+1.8%+14.4%
Q1 2025-6.1%-5.9%-14.6%
Q4 2024-9.3%-2.3%+11.2%
Q3 2024-1.9%-6.2%+10.4%
Q2 2024+18.3%+16.5%+34.8%
Q1 2024-10.5%+0.9%-15.3%
Q4 2023+14.2%+11.4%+9.6%
Q3 2023+5.6%+8.3%+4.5%
Q2 2023-2.5%-1.5%-7.0%
Q1 2023+7.1%+5.8%+25.9%
Q4 2022+0.4%-10.6%-15.8%
Q3 2022-0.1%-0.5%-14.2%
Q2 2022+5.4%+0.6%-8.3%
Q1 2022+7.2%+16.8%+25.4%
Q4 2021-4.9%-4.7%-1.1%
Q3 2021+0.4%-2.9%-13.8%
Q2 2021+6.2%+3.7%+13.3%
Q1 2021+2.9%+5.6%+38.3%
Q4 2020+16.4%+15.8%+8.6%
Q1 2020+7.5%+16.1%+111.4%
Q3 2020+7.5%+16.1%+111.4%
Q2 2020+7.5%+16.1%+111.4%
Q4 2019
Q3 2019
Q2 2018
Q1 2018

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