Tarsus Pharmaceuticals (TARS) Cost of Revenue (2021 - 2026)

Tarsus Pharmaceuticals' (TARS) quarterly Cost of Revenue came in at $9.4 million in Q1 2026, up 80.31% year-on-year from $5.2 million in Q1 2025, and down 14.01% quarter-over-quarter from $10.9 million in Q4 2025.

Tarsus Pharmaceuticals (TARS) Cost of Revenue (2021 - 2026) Analysis & Trends

Tarsus Pharmaceuticals' Cost of Revenue history runs 6 years deep, the most recent figure standing at $9.4 million for Q1 2026.

  • On a quarterly basis, Cost of Revenue rose 80.31% year-over-year to $9.4 million in Q1 2026; TTM through Mar 2026 was $34.9 million, a 112.84% increase from a year earlier, with the FY2025 full-year figure at $30.7 million, up 139.23% from the prior year.
  • Cost of Revenue eased to $9.4 million in Q1 2026 per TARS's latest filing, from $10.9 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $10.9 million in Q4 2025 and bottomed at $33000.0 in Q1 2022.
  • The 5-year median for Cost of Revenue is $3.1 million (2024), against an average of $4.0 million.
  • Biggest YoY gain for Cost of Revenue was 1766.67% in 2022; the steepest drop was 97.46% in 2022.
  • Year by year, Cost of Revenue stood at $400000.0 in 2022, then surged by 204.0% to $1.2 million in 2023, then surged by 305.1% to $4.9 million in 2024, then soared by 121.82% to $10.9 million in 2025, then retreated by 14.01% to $9.4 million in 2026.
  • Per Business Quant, the three latest TARS Cost of Revenue figures stand at $9.4 million (Q1 2026), $10.9 million (Q4 2025), and $8.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Oculis Holding AG 66,621.14 Bn 66,620.85 Bn - -
2 Nanobiotix 1,915.18 Bn 1,915.11 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - -
4 BeOne Medicines 471.27 Bn 466.48 Bn 1.35 Bn 167.22 Mn
5 Vertex Pharmaceuticals 121.81 Bn 114.57 Bn 2.59 Bn 392.80 Mn
6 Regeneron Pharmaceuticals 69.58 Bn 60.82 Bn 3.31 Bn 296.00 Mn
7 Belite Bio 62.72 Bn 62.72 Bn - -
8 Argenx Se 55.51 Bn 50.33 Bn 1.41 Bn 145.00 Mn
9 Revolution Medicines 37.35 Bn 37.35 Bn - -
10 Tarsus Pharmaceuticals 2.58 Bn 2.48 Bn 152.66 Mn 9.40 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 9.40 Mn
Mar 31, 2026 9.40 Mn
Dec 31, 2025 10.93 Mn
Dec 31, 2025 10.93 Mn
Sep 30, 2025 8.31 Mn
Sep 30, 2025 8.31 Mn
Jun 30, 2025 6.24 Mn
Jun 30, 2025 6.24 Mn
Mar 31, 2025 5.21 Mn
Mar 31, 2025 5.21 Mn
Dec 31, 2024 4.93 Mn
Dec 31, 2024 4.93 Mn
Sep 30, 2024 3.24 Mn
Sep 30, 2024 3.24 Mn
Jun 30, 2024 3.00 Mn
Jun 30, 2024 3.00 Mn
Mar 31, 2024 1.65 Mn
Mar 31, 2024 1.65 Mn
Dec 31, 2023 1.22 Mn
Dec 31, 2023 1.22 Mn