Arcutis Biotherapeutics, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
ARQT$27.39+4.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $12,515 | $(33,536) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||
| Stock-based compensation expense | 35,810 | 30,304 |
| Amortization of intangible assets | 1,687 | 4,104 |
| Non-cash interest expense | 1,439 | 1,295 |
| Net accretion on marketable securities | (572) | (2,105) |
| Other non-cash items, net | 772 | 631 |
| Changes in operating assets and liabilities: | ||
| Trade receivables, net | (25,053) | (42,050) |
| Inventory | (22,258) | (7,324) |
| Prepaid expenses and other current assets | (7,092) | (742) |
| Accounts payable | (4,184) | (8,425) |
| Accrued liabilities | 40,996 | 26,592 |
| Operating lease liabilities | (284) | (554) |
| Net cash provided by (used in) operating activities | 33,776 | (31,810) |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of marketable securities | (199,096) | (157,806) |
| Proceeds from maturities and sales of marketable securities | 150,711 | 172,418 |
| Milestone payment for intangible asset | — | (10,000) |
| Purchases of property and equipment | (255) | (686) |
| Net cash provided by (used in) investing activities | (48,640) | 3,926 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from issuance of common stock upon exercise of stock options | 4,881 | 1,932 |
| Proceeds from issuance of common stock pursuant to employee stock purchase plan | 1,629 | 1,319 |
| Payment of debt prepayment penalty | (1,000) | — |
| Net cash provided by financing activities | 5,510 | 3,251 |
| Effect of exchange rate changes on cash | (180) | 109 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | (9,534) | (24,524) |
| Cash, cash equivalents, and restricted cash at beginning of period | 43,215 | 71,952 |
| Cash, cash equivalents, and restricted cash at end of period | $33,681 | $47,428 |
| SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING INFORMATION: | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | $— | $2,858 |
| SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | ||
| Interest expense paid in cash | $9,292 | $7,787 |
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