Tarsus Pharmaceuticals, Inc.
For the period ended Mar 31, 2026. Filed May 6, 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.
Mar 31, 2026 · Filed May 6, 2026
TARS$73.83+4.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Statements of Cash Flows
(In thousands)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash Flows From Operating Activities: | ||
| Net loss | $(6,967) | $(25,120) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 197 | 220 |
| Amortization of intangible assets | 240 | 240 |
| Amortization of debt-related costs | 159 | 139 |
| Stock-based compensation | 11,967 | 6,930 |
| Non-cash lease expense | 77 | 164 |
| Net amortization/accretion of marketable securities | (849) | (1,314) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (30,287) | (15,666) |
| Inventory | (196) | (84) |
| Other receivables | 189 | (429) |
| Prepaid expenses | (13,244) | 8,725 |
| Other non-current assets | 141 | 125 |
| Accounts payable | 7,714 | 1,144 |
| Accrued payroll and benefits | (9,250) | (5,890) |
| Other accrued liabilities | 15,457 | 10,165 |
| Net cash used in operating activities | (24,652) | (20,651) |
| Cash Flows From Investing Activities: | ||
| Proceeds from maturities of marketable securities | 74,055 | 91,218 |
| Purchases of marketable securities | (126,799) | (125,570) |
| Purchases of property and equipment | (5,818) | (590) |
| Net cash used in investing activities | (58,562) | (34,942) |
| Cash Flows From Financing Activities: | ||
| Proceeds from issuance of common stock, net of paid issuance costs | — | 135,125 |
| Proceeds from exercise of stock options | 1,204 | 1,437 |
| Net cash provided by financing activities | 1,204 | 136,562 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | (82,010) | 80,969 |
| Cash, cash equivalents and restricted cash at beginning of period | 186,203 | 97,381 |
| Cash, cash equivalents and restricted cash at end of period | $104,193 | $178,350 |
| Supplemental Disclosures From Noncash, Investing and Financing Activities: | ||
| Interest expense paid in cash | $1,969 | $2,074 |
| Income taxes paid in cash | $1,934 | $— |
| Additions of property and equipment included within accounts payable and other accrued liabilities | $911 | $39 |
| Offering costs included within accounts payable and other accrued liabilities | $— | $354 |
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