Tarsus Pharmaceuticals (TARS) Operating Income (2019 - 2026)

Tarsus Pharmaceuticals (TARS) recorded quarterly Operating Income of -$6.1 million in Q1 2026, up 23.24% quarter-over-quarter from -$8.0 million in Q4 2025, and up 76.7% on a YoY basis from -$3.5 million in Q1 2025.

Tarsus Pharmaceuticals (TARS) Operating Income (2019 - 2026) Analysis & Trends

Tarsus Pharmaceuticals' Operating Income history runs 8 years deep, the most recent figure standing at -$6.1 million for Q1 2026.

  • In Q1 2026, Operating Income rose 76.7% year-over-year to -$6.1 million; the TTM figure through Mar 2026 stood at -$50.8 million (up 53.45% YoY), while the FY2025 annual figure was -$71.0 million, up 41.14% from the prior year.
  • Operating Income was -$6.1 million for Q1 2026 at Tarsus Pharmaceuticals, up from -$8.0 million in the prior quarter.
  • In the past five years, Operating Income ranged from a high of -$5.2 million in Q2 2022 to a low of -$44.4 million in Q4 2023.
  • Historically, Operating Income has averaged -$23.7 million across 5 years, with a median of -$24.4 million in 2024.
  • The sharpest annual moves came in 2023 and 2026: Operating Income tumbled 528.27% in 2023, then jumped 76.7% in 2026.
  • A 5-year view of Operating Income shows it stood at -$15.1 million in 2022, then slumped by 195.13% to -$44.4 million in 2023, then surged by 45.06% to -$24.4 million in 2024, then soared by 67.34% to -$8.0 million in 2025, then gained by 23.24% to -$6.1 million in 2026.
  • The last three Operating Income figures came in at -$6.1 million (Q1 2026), -$8.0 million (Q4 2025), and -$14.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - -
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - -32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - -2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -19.70 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - -15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - -
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.96 Bn 91.96 Bn - -65.83 Mn
10 Tarsus Pharmaceuticals 2.71 Bn 2.61 Bn 152.66 Mn -6.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -6.12 Mn
Dec 31, 2025 -7.98 Mn
Sep 30, 2025 -14.53 Mn
Jun 30, 2025 -22.18 Mn
Mar 31, 2025 -26.28 Mn
Dec 31, 2024 -24.42 Mn
Sep 30, 2024 -25.16 Mn
Jun 30, 2024 -33.30 Mn
Mar 31, 2024 -37.68 Mn
Dec 31, 2023 -44.45 Mn
Sep 30, 2023 -40.94 Mn
Jun 30, 2023 -32.82 Mn
Mar 31, 2023 -24.95 Mn
Dec 31, 2022 -15.06 Mn
Sep 30, 2022 -22.91 Mn
Jun 30, 2022 -5.22 Mn
Mar 31, 2022 -19.52 Mn
Dec 31, 2021 -14.45 Mn
Sep 30, 2021 -15.71 Mn
Jun 30, 2021 7.28 Mn