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| Date | Value |
|---|---|
| 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 |