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TARS

Tarsus Pharmaceuticals, Inc.

TARS

NASDAQ·Healthcare·Biotechnology·Mkt cap $2.6B

$64.84

+6.49%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$38.51 - $85.25

P/E

-56.88

Fwd P/E

36.55

Beta

0.51

Div Yield

0.00%

Avg Vol

659.9K

Shares Out

42.6M

Mkt Cap

$2.6B

Price action

Price chart

Up 50.5% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Specialized disease-targeted therapeutic development
  • Advanced clinical-stage product pipeline
  • Focused research in underserved medical conditions
  • Proprietary lotilaner technology platform

Bear Case

2 risks

  • Low volatility (beta 0.5).
  • Growth premium of 1.4x vs Biotech & Therapeutics peers. Reasonable for this growth rate.

Growth

Turning profitable

Expanding ophthalmology treatment market

Value

Growth premium of 1.4x vs Biotech & Therapeutics peers. Reasonable for this growth rate.

Momentum

Weak

-13.2% over 3m

Quality

Excellent

High-growth business (129% revenue growth, 90% gross margin). Pre-profit but investing in growth.

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 29, 2026

Q2 26 RECAP

MAY 6, 2026

Reported EPS of -$0.16 vs -$0.40 consensus (+60.0% surprise). Revenue of $162.1M vs $149.6M expected (+8.3%). Beat on both top and bottom lines.

EPS beat +60.0%
Rev beat +8.3%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+60.0%

Next: Apr 29, 2026

Revenue trend · last 8Q

+408%

+184%

+152%

+147%

+128%

+107%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$40.8M

$48.1M

$66.4M

$78.3M

$102.7M

$118.7M

$151.7M

$162.1M

Margins · last 8Q

Gross

Operating

Profit

-4.3%

Wall Street consensus

3 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

3

100%

Hold

0%

Sell

0%

Median Price Target

Latest: HC Wainwright · May 4, 2026

vs Industry

How TARS stacks vs Biotechnology

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.