Arcutis Biotherapeutics (ARQT) Operating Margin (2022 - 2026)

Arcutis Biotherapeutics (ARQT) posted quarterly Operating Margin of 8.62% for Q1 2026, up 2980.0% year-over-year from 0.28% in Q1 2025, and down 160.74% quarter-over-quarter from 14.2% in Q4 2025.

Arcutis Biotherapeutics (ARQT) Operating Margin (2022 - 2026) Analysis & Trends

Arcutis Biotherapeutics' Operating Margin history runs 5 years deep, the most recent figure standing at 8.62% for Q1 2026.

  • In Q1 2026, Operating Margin rose 2980.0% year-over-year to 8.62%; the TTM figure through Mar 2026 stood at 0.77% (up 5886.0% YoY), while the FY2025 annual figure was 3.25%, up 7384.0% from the prior year.
  • Operating Margin for Q1 2026 stood at 8.62%, down from 14.2% in the prior quarter.
  • The five-year high for Operating Margin was 14.2% in Q4 2025, with the low at 14448.0% in Q3 2022.
  • The 5-year median for Operating Margin is 96.84% (2023), against an average of 1439.08%.
  • The sharpest annual moves came in 2023 and 2024: Operating Margin soared 1435116 bps in 2023, then surged 955 bps in 2024.
  • Arcutis Biotherapeutics' Operating Margin stood at 2310.84% in 2022, then surged by 94 bps to 139.19% in 2023, then jumped by 92 bps to 11.0% in 2024, then soared by 229 bps to 14.2% in 2025, then slumped by 161 bps to 8.62% in 2026.
  • Business Quant data shows ARQT's Operating Margin at 8.62% in Q1 2026, 14.2% in Q4 2025, and 8.59% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Operating Margin (Qtr)
1 Vertex Pharmaceuticals 128.13 Bn 120.28 Bn 2.84 Bn 37.40%
2 Regeneron Pharmaceuticals 112.33 Bn 104.33 Bn 3.93 Bn 30.15%
3 Argenx Se 53.24 Bn 48.05 Bn 1.41 Bn 31.68%
4 Revolution Medicines 43.64 Bn 43.64 Bn - -
5 BeOne Medicines 39.27 Bn 34.17 Bn 1.53 Bn 19.06%
6 MindWalk Holdings 35.32 Bn 35.31 Bn 1.82 Bn -105.20%
7 Royalty Pharma 33.72 Bn 35.84 Bn - 19.75%
8 Alnylam Pharmaceuticals 30.58 Bn 27.27 Bn 992.69 Mn 17.93%
9 Insmed 27.01 Bn 25.85 Bn 358.27 Mn -0.36%
10 Arcutis Biotherapeutics 3.29 Bn 3.05 Bn 118.92 Mn 12.65%

Historic Data

Download Data
DateValue
Jun 30, 2026 12.65%
Mar 31, 2026 -8.62%
Dec 31, 2025 14.20%
Sep 30, 2025 8.59%
Jun 30, 2025 -17.93%
Mar 31, 2025 -38.42%
Dec 31, 2024 -11.00%
Sep 30, 2024 -87.29%
Jun 30, 2024 -162.28%
Mar 31, 2024 -146.61%
Dec 31, 2023 -139.19%
Sep 30, 2023 -96.84%
Jun 30, 2023 -1,399.64%
Mar 31, 2023 -2,742.36%
Dec 31, 2022 -2,310.84%
Sep 30, 2022 -14,448.00%