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

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

  • In Q1 2026, Cost of Revenue rose 80.31% year-over-year to $9.4 million; the TTM figure through Mar 2026 stood at $34.9 million (up 112.84% YoY), while the FY2025 annual figure was $30.7 million, up 139.23% from the prior year.
  • Cost of Revenue was $9.4 million for Q1 2026 at Tarsus Pharmaceuticals, down from $10.9 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $10.9 million in Q4 2025 to a low of -$555000.0 in Q4 2022.
  • Historically, Cost of Revenue has averaged $3.9 million across 5 years, with a median of $3.1 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue sank 2212.5% in 2022, then jumped 759.95% in 2024.
  • A 5-year view of Cost of Revenue shows it stood at -$555000.0 in 2022, then surged by 319.1% 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.
  • The last three Cost of Revenue figures came in at $9.4 million (Q1 2026), $10.9 million (Q4 2025), and $8.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn 64.20 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 48,670.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 392.80 Mn
9 Abivax 91.96 Bn 91.96 Bn - 2.05 Mn
10 Tarsus Pharmaceuticals 2.71 Bn 2.61 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