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

Tarsus Pharmaceuticals (TARS) recorded quarterly Free Cash Flow of -$30.5 million in Q1 2026, down 334.89% quarter-over-quarter from $13.0 million in Q4 2025, and down 47.27% on a YoY basis from -$57.8 million in Q1 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 -$30.5 million for Q1 2026.

  • In Q1 2026, Free Cash Flow fell 47.27% year-over-year to -$30.5 million; the TTM figure through Mar 2026 stood at -$32.1 million (up 52.46% YoY), while the FY2025 annual figure was -$22.3 million, up 73.63% from the prior year.
  • Free Cash Flow was -$30.5 million for Q1 2026 at Tarsus Pharmaceuticals, down from $13.0 million in the prior quarter.
  • In the past five years, Free Cash Flow ranged from a high of $15.1 million in Q3 2025 to a low of -$38.0 million in Q4 2023.
  • Historically, Free Cash Flow has averaged -$17.9 million across 5 years, with a median of -$20.7 million in 2025.
  • The sharpest annual moves came in 2023 and 2025: Free Cash Flow slumped 492.09% in 2023, then soared 248.86% in 2025.
  • A 5-year view of Free Cash Flow shows it stood at -$10.5 million in 2022, then slumped by 261.04% to -$38.0 million in 2023, then soared by 41.39% to -$22.3 million in 2024, then soared by 158.29% to $13.0 million in 2025, then plunged by 334.89% to -$30.5 million in 2026.
  • The last three Free Cash Flow figures came in at -$30.5 million (Q1 2026), $13.0 million (Q4 2025), and $15.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (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 - -1.67 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -12.20 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -2.49 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.29 Bn
9 Abivax 91.96 Bn 91.96 Bn - 63,220.27
10 Tarsus Pharmaceuticals 2.71 Bn 2.61 Bn 152.66 Mn -30.47 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -30.47 Mn
Mar 31, 2026 -30.47 Mn
Dec 31, 2025 12.97 Mn
Dec 31, 2025 12.97 Mn
Sep 30, 2025 15.10 Mn
Sep 30, 2025 15.10 Mn
Jun 30, 2025 -29.69 Mn
Jun 30, 2025 -29.69 Mn
Mar 31, 2025 -20.69 Mn
Mar 31, 2025 -20.69 Mn
Dec 31, 2024 -22.25 Mn
Dec 31, 2024 -22.25 Mn
Sep 30, 2024 -10.14 Mn
Sep 30, 2024 -10.14 Mn
Jun 30, 2024 -14.41 Mn
Jun 30, 2024 -14.41 Mn
Mar 31, 2024 -37.79 Mn
Mar 31, 2024 -37.79 Mn
Dec 31, 2023 -37.97 Mn
Dec 31, 2023 -37.97 Mn