Tarsus Pharmaceuticals (TARS)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from TARS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Tarsus Pharmaceuticals's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $57M | $26M | $17M | $183M | $451M |
| Net income | -$14M | -$62M | -$136M | -$116M | -$66M |
| Free cash flow | $3M | -$50M | -$119M | -$85M | -$22M |
| EPS (diluted) | -$0.67 | -$2.52 | -$4.62 | -$3.07 | -$1.59 |
| Operating margin | -21.3% | -242.9% | -820.5% | -65.9% | -15.7% |
Where the revenue comes from
Revenue by products, fiscal 2024. Every breakdown, year by year.
Superinvestors who own TARS
From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $35M | 0.03% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $3M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Tarsus Pharmaceuticals's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Tarsus Pharmaceuticals insiders buying the stock?
No open-market insider purchases of TARS in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Tarsus Pharmaceuticals?
2 of the superinvestors Investingly tracks hold TARS in their latest 13F, including Hersh Cohen, Cliff Asness.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.