Arcutis Biotherapeutics, Inc.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
ARQT$26.20+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and par value)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $42,907 | $71,335 |
| Restricted cash | 308 | 617 |
| Marketable securities | 178,075 | 156,620 |
| Trade receivables, net | 146,229 | 73,066 |
| Inventory | 22,634 | 14,526 |
| Prepaid expenses and other current assets | 21,079 | 19,656 |
| Total current assets | 411,232 | 335,820 |
| Property, plant, and equipment, net | 1,043 | 1,041 |
| Intangible assets, net | 14,812 | 9,479 |
| Operating lease right-of-use asset | 4,467 | 1,953 |
| Other assets | 1,419 | 596 |
| Total assets | $432,973 | $348,889 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $12,528 | $14,220 |
| Current portion of long-term debt, net | 1,000 | — |
| Accrued and other current liabilities | 116,310 | 66,793 |
| Total current liabilities | 129,838 | 81,013 |
| Operating lease liability, long-term | 5,266 | 2,562 |
| Long-term debt, net | 107,959 | 107,203 |
| Other long-term liabilities | 431 | 570 |
| Total liabilities | 243,494 | 191,348 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Common stock, $0.0001 par value; 300,000,000 shares authorized; 123,332,672 and 117,848,033 shares issued and outstanding at December 31, 2025 and 2024, respectively | 12 | 12 |
| Additional paid-in capital | 1,327,595 | 1,279,479 |
| Accumulated other comprehensive loss | (44) | (7) |
| Accumulated deficit | (1,138,084) | (1,121,943) |
| Total stockholders’ equity | 189,479 | 157,541 |
| Total liabilities and stockholders’ equity | $432,973 | $348,889 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.