Tarsus Pharmaceuticals (TARS) Free Cash Flow (2019 - 2026)

Tarsus Pharmaceuticals' (TARS) quarterly Free Cash Flow came in at -$25.6 million in Q1 2026, down 20.35% year-on-year from -$32.1 million in Q1 2025, and down 333.03% quarter-over-quarter from $11.0 million in Q4 2025.

Tarsus Pharmaceuticals (TARS) Free Cash Flow (2019 - 2026) Analysis & Trends

Tarsus Pharmaceuticals' Free Cash Flow history runs 8 years deep, the most recent figure standing at -$25.6 million for Q1 2026.

  • On a quarterly basis, Free Cash Flow fell 20.35% year-over-year to -$25.6 million in Q1 2026; TTM through Mar 2026 was -$26.6 million, a 60.76% increase from a year earlier, with the FY2025 full-year figure at -$22.3 million, up 73.63% from the prior year.
  • Free Cash Flow declined to -$25.6 million in Q1 2026 per TARS's latest filing, from $11.0 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $18.3 million in Q3 2025 and bottomed at -$38.6 million in Q4 2023.
  • The 5-year median for Free Cash Flow is -$21.2 million (2025), against an average of -$17.6 million.
  • Across the five-year window, Free Cash Flow slumped 509.84% in 2022 and surged 297.32% in 2025, its largest moves.
  • Year by year, Free Cash Flow stood at -$11.0 million in 2022, then plunged by 250.02% to -$38.6 million in 2023, then surged by 38.55% to -$23.7 million in 2024, then surged by 146.3% to $11.0 million in 2025, then slumped by 333.03% to -$25.6 million in 2026.
  • Per Business Quant, the three latest TARS Free Cash Flow figures stand at -$25.6 million (Q1 2026), $11.0 million (Q4 2025), and $18.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -19.58 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 158.09 Mn
4 NuCana 279.75 Bn 279.75 Bn - -1.53 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.29 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 848.30 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn -
9 Revolution Medicines 37.78 Bn 37.78 Bn - -354.95 Mn
10 Tarsus Pharmaceuticals 2.52 Bn 2.41 Bn 152.66 Mn -25.56 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -25.56 Mn
Mar 31, 2026 -25.56 Mn
Dec 31, 2025 10.97 Mn
Dec 31, 2025 10.97 Mn
Sep 30, 2025 18.35 Mn
Sep 30, 2025 18.35 Mn
Jun 30, 2025 -30.39 Mn
Jun 30, 2025 -30.39 Mn
Mar 31, 2025 -21.24 Mn
Mar 31, 2025 -21.24 Mn
Dec 31, 2024 -23.69 Mn
Dec 31, 2024 -23.69 Mn
Sep 30, 2024 -9.30 Mn
Sep 30, 2024 -9.30 Mn
Jun 30, 2024 -13.64 Mn
Jun 30, 2024 -13.64 Mn
Mar 31, 2024 -37.96 Mn
Mar 31, 2024 -37.96 Mn
Dec 31, 2023 -38.55 Mn
Dec 31, 2023 -38.55 Mn