Arcutis Biotherapeutics, Inc.
For the period ended Sep 30, 2025. Filed Oct 28, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 28, 2025
ARQT$27.39+4.5%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Operations and Comprehensive Income Loss
(In thousands, except per share data)
| Three Months EndedSeptember 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenues: | ||||
| Product revenue, net | $99,219 | $44,755 | $244,569 | $97,182 |
| Other revenue | — | — | 2,000 | 28,000 |
| Total revenues | 99,219 | 44,755 | 246,569 | 125,182 |
| Operating expenses: | ||||
| Cost of sales | 8,685 | 5,503 | 25,007 | 12,223 |
| Research and development | 19,604 | 19,501 | 56,600 | 61,940 |
| Selling, general and administrative | 62,404 | 58,817 | 195,576 | 171,784 |
| Total operating expenses | 90,693 | 83,821 | 277,183 | 245,947 |
| Income (loss) from operations | 8,526 | (39,066) | (30,614) | (120,765) |
| Other income (expense): | ||||
| Other income, net | 2,035 | 4,182 | 6,861 | 13,455 |
| Interest expense | (3,071) | (6,653) | (9,082) | (21,617) |
| Income (loss) before income taxes | 7,490 | (41,537) | (32,835) | (128,927) |
| Provision for income taxes | 80 | — | 701 | 324 |
| Net income (loss) | $7,410 | $(41,537) | $(33,536) | $(129,251) |
| Other comprehensive income (loss): | ||||
| Unrealized gain (loss) on marketable securities | 68 | 771 | (164) | 528 |
| Foreign currency translation adjustment | (95) | 56 | 109 | 1 |
| Total other comprehensive income (loss) | (27) | 827 | (55) | 529 |
| Comprehensive income (loss) | $7,383 | $(40,710) | $(33,591) | $(128,722) |
| Earnings (loss) per share: | ||||
| Basic | $0.06 | $(0.33) | $(0.26) | $(1.08) |
| Diluted | $0.06 | $(0.33) | $(0.26) | $(1.08) |
| Weighted-average shares used in computing earnings (loss) per share: | ||||
| Basic | 127,623 | 124,302 | 126,891 | 119,628 |
| Diluted | 132,885 | 124,302 | 126,891 | 119,628 |
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