TARS · Tarsus Pharmaceuticals, Inc.

NASDAQ NMS - GLOBAL MARKET - Real Time Price • USD

Tarsus Pharmaceuticals Inc (TARS)

NASDAQ NMS - GLOBAL MARKET Pharmaceuticals
Options chain →
$90.89 +7.76 (+9.33%)
Market open
DAY'S RANGE $90.89
$82.36 $91.44
52-WEEK RANGE $90.89
$48.20 $91.53

What's happening

Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.

Key Statistics

Market Cap$3.98B
P/E (TTM1)
EPS2 (TTM)$-1.08
Div Yield
Beta30.33
Volume111,462
Open82.69
Prev Close83.13
Bid / Ask74.51 / 0.00
Next Earnings 2026-11-02

Analyst Recommendations

Strong buy 7 Buy 6 Hold 1 Sell 0 Strong sell 0

Aggregate ratings for 2026-09-01 (14 analysts polled by Finnhub) — consensus count.

Performance Overview (Trailing returns vs S&P 500 benchmark)

YTD RETURN
TARS +10.87%
vs S&P 500 -2.07%
1-YEAR RETURN
TARS +57.52%
vs S&P 500 +38.53%
6-MONTH RETURN
TARS +18.59%
3-MONTH RETURN
TARS +50.45%

Valuation Measures & Ratios

Enterprise Value4$3.85B
Forward P/E540.86
PEG Ratio6
Price / Sales (TTM1)6.57
Price / Book77.81
EV4 / Revenue6.35
EV4 / EBITDA
Profit Margin-7.67%
Operating Margin-8.00%
Return on Equity (ROE8)-13.53%
Return on Assets (ROA9)-8.12%
Avg Volume (3M)914,080
Quarterly history (5 periods)
Measure Jun '26Mar '26Sep '25Jun '25Mar '25
Market cap $2.72B $3.05B $2.49B $1.72B $2.01B
P/E -46.49 -46.93 -30.62 -16.81 -17.13
Price/Sales 4.87 6.61 7.17 6.36 10.34
Price/Book 7.84 8.74 7.45 5.16 5.88
EV/Revenue 4.64 6.54 7.06 6.27 9.80
ROE -16.86% -18.63% -24.31% -30.72% -34.33%
ROA -9.56% -11.19% -15.24% -20.64% -23.48%

Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E and PEG aren't shown here — both need historical analyst-consensus estimates, which no free source provides; see the current-period figures above instead.

Glossary — what these abbreviations mean
1. TTM
Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
2. EPS
Earnings per share — net income divided by diluted shares outstanding.
3. Beta
A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
4. EV (Enterprise Value)
Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
5. Forward P/E
Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
6. PEG Ratio
P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
7. Price / Book
Share price divided by book value (assets minus liabilities) per share.
8. ROE
Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
9. ROA
Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
10. MRQ
Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
11. YoY
Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.

Short Interest

Shares Short5,997,475
Change from Prior Settlement-0.32%
% of Float
Days to Cover (Short Ratio)7.49

Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-08-14. Reported bi-monthly with a reporting lag — not real-time.

Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.

Price history

Events

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Technical signal summary

Calculating from the latest year of daily price history…

Calculating…
Show Technical Analysis Breakdown ▾ 10 Indicators

Signals describe daily price patterns—not the company’s value and not a recommendation to buy or sell. Read several together; no single indicator predicts what happens next. “Overbought” and “oversold” are conditions, not promises of a reversal.

Indicators None active

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Starter sets
Trend
Oscillators
Volume/volatility
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Free IEX historical data only goes back to ~2021 — 5Y/Full show whatever's actually available, not a promise of that much history. Indicators are computed client-side from these same price bars; earnings markers ("E") come from Finnhub's free tier (~last 4 quarters + next upcoming) — older quarters aren't available. The move-highlight dots are a heuristic (|% change| vs rolling volatility) with a best-effort headline lookup, not a claim of causation.

Peer and sector context

No reviewed peer group is available for this symbol.

Balanced evidence

A deterministic summary of sourced facts—not an AI verdict.

Potential strengths

Potential concerns

Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.

Financials

Income statement

Line item Jun '26Mar '26Sep '25Jun '25Mar '25Sep '24Jun '24Mar '24
Revenue $173.9M $162.1M $118.7M $102.7M $78.3M $48.1M $40.8M $27.6M
Operating income -$19.9M -$6.1M -$14.5M -$22.2M -$26.3M -$25.2M -$33.3M -$37.7M
Net income -$18.6M -$7.0M -$12.6M -$20.3M -$25.1M -$23.4M -$33.3M -$35.7M
EPS (diluted) $-0.43 $-0.16 $-0.30 $-0.48 $-0.64 $-0.61 $-0.88 $-1.01
EPS (basic) $-0.43 $-0.16 $-0.30 $-0.48 $-0.64 $-0.61 $-0.88 $-1.01
Operating margin -$11 -$4 -$12 -$22 -$34 -$52 -$82 -$136

Balance sheet

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Total assets $611.1M $581.1M $562.2M $534.6M $495.0M $500.8M $377.0M $376.3M
Total liabilities $264.4M $232.2M $218.7M $199.5M $162.4M $158.3M $152.5M $138.8M
Stockholders' equity $346.7M $349.0M $343.4M $335.1M $332.6M $342.5M $224.5M $237.5M
Total current assets $562.0M $537.2M $522.8M $501.7M $474.4M $480.8M $356.7M $357.1M
Total current liabilities $175.8M $143.5M $135.7M $117.0M $90.3M $86.3M $80.6M $65.9M
Cash & equivalents $204.6M $102.2M $183.6M $112.7M $96.6M $175.8M $94.8M $176.2M

Cash flow

Line item Jun '26Mar '26Dec '25Sep '25Jun '25Mar '25Dec '24Sep '24
Operating cash flow $61.2M -$24.7M $19.3M $18.3M -$29.4M -$20.7M -$22.2M -$8.7M
Investing cash flow $37.9M -$58.6M $49.3M -$4.7M -$51.7M -$34.9M -$59.6M $3.1M
Financing cash flow $3.3M $1.2M $2.3M $2.6M $2.0M $136.6M $2.9M $639.0K
Free cash flow $57.2M -$30.5M $13.0M $16.3M -$30.4M -$21.2M -$22.3M -$8.9M
Capital expenditures $4.1M $5.8M $6.4M $1.9M $1.0M $590.0K $72.0K $282.0K
Share-based compensation $13.3M $12.0M $14.3M $12.2M $8.2M $6.9M $7.4M $7.4M

Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.

Institutional holders

SEC Form 13F filers holding TARS as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.

Source: Business Quant SEC Form 13F · report period 2026-06-30 · 30 filers

Held by These Filers88.1%
Shares Outstanding43,393,643
FilerSharesValue% OutQtr ChangeFiled
BlackRock, Inc. 3,856,137 $242.7M 8.89% +8.5% 2026-08-07
Deep Track Capital, LP 3,666,768 $230.8M 8.45% +1.9% 2026-08-14
RTW INVESTMENTS, LP 3,357,059 $211.3M 7.74% +0.3% 2026-08-14
Jupiter Topco LLC 2,808,796 $176.8M 6.47% +0.0% 2026-08-14
Paradigm Biocapital Advisors LP 2,775,649 $174.7M 6.40% +8.3% 2026-08-14
Morgan Stanley 1,827,082 $115.0M 4.21% -6.0% 2026-08-11
VANGUARD CAPITAL MANAGEMENT LLC 1,793,064 $112.9M 4.13% +1.8% 2026-06-30
JENNISON ASSOCIATES LLC 1,663,655 $104.7M 3.83% -2.8% 2026-08-03
TANG CAPITAL MANAGEMENT LLC 1,568,266 $98.7M 3.61% +31.9% 2026-08-14
MILLENNIUM MANAGEMENT LLC 1,427,124 $89.8M 3.29% +152.8% 2026-08-14
Bank Of America Corp /De/ 1,193,182 $75.1M 2.75% -0.1% 2026-08-14
GEODE CAPITAL MANAGEMENT, LLC 1,105,689 $69.6M 2.55% -1.4% 2026-08-12
State Street Corp 1,072,951 $67.5M 2.47% +9.7% 2026-08-07
Vestal Point Capital, LP 1,050,000 $66.1M 2.42% +425.0% 2026-08-14
Assenagon Asset Management S.A. 947,495 $59.6M 2.18% -26.0% 2026-07-08
Invesco Ltd. 785,808 $49.5M 1.81% +5.8% 2026-08-13
Goldman Sachs Group Inc 742,693 $46.7M 1.71% +68.9% 2026-08-14
Frazier Life Sciences Management, L.P. 728,644 $45.9M 1.68% +0.0% 2026-08-14
D. E. Shaw & Co., Inc. 710,559 $44.7M 1.64% -10.2% 2026-08-14
FMR LLC 672,949 $42.4M 1.55% -8.2% 2026-08-13
NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 607,272 $38.2M 1.40% +21.5% 2026-08-14
Clearbridge Investments, LLC 549,387 $34.6M 1.27% +0.7% 2026-08-10
Toronto Dominion Bank 510,253 $32.1M 1.18% +0.0% 2026-08-14
LORD, ABBETT & CO. LLC 479,266 $30.2K 1.10% -43.1% 2026-08-13
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 427,008 $26.9M 0.98% +0.0% 2026-08-03

Insider activity

Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2026-03-17 to 2026-09-02

Recent transactions

  • Insiders have net sold 113,511 shares over the last 182 days, across 0 purchases and 23 sales.
  • Most recent: Azamian Bobak R. (President/CEO and Board Chair) — Open market sale of 10,000 shares on 2026-09-02.

Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.

Insider purchases & sales, last 6 months

Purchases (open market)0 sh(0 txns)
Sales (open market)113,511 sh(23 txns)
Net Shares-113,511

Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.

Insider roster

NameTitleMost Recent TransactionDateShares
Azamian Bobak R.President/CEO and Board ChairOpen market sale2026-09-0210,000
Lin Elizabeth YeuChief Medical OfficerOpen market sale2026-09-025,387
Farrow Jeffrey SSee RemarksOpen market sale2026-06-1614,396
Goodrich KatherineDirectorOpen market sale2026-06-152,954
LINK WILLIAM J PHDDirectorOpen market sale2026-06-1510,572
Morrison Scott WDirectorOption exercise2026-06-122,954
CHAUDHURI BHASKARDirectorOption exercise2026-06-122,954
YARNO WENDY LDirectorOption exercise2026-06-122,954
Goldberg Andrew D.DirectorOption exercise2026-06-122,954
PYOTT DAVID E IDirectorOption exercise2026-04-241,383
Neervannan SeshadriChief Operating OfficerOpen market sale2026-03-202,989
Whitfield Dianne C.Chief Human Resources OfficerOpen market sale2026-03-194,174
Wahl BryanGeneral CounselOpen market sale2026-03-194,231
Mottiwala AzizChief Commercial OfficerOpen market sale2026-03-194,440

Recent transactions

DateInsiderTitleTransactionSharesPrice
2026-09-02Azamian Bobak R.President/CEO and Board ChairOpen market sale 10,000$80.06
2026-09-02Lin Elizabeth YeuChief Medical OfficerOpen market sale 5,387$80.00
2026-09-02Lin Elizabeth YeuChief Medical OfficerOpen market sale 1,590$80.00
2026-09-01Lin Elizabeth YeuChief Medical OfficerOpen market sale 4,601$73.86
2026-06-17Azamian Bobak R.President/CEO and Board ChairOpen market sale 4,582$61.24
2026-06-17Azamian Bobak R.President/CEO and Board ChairOpen market sale 5,418$61.81
2026-06-16Farrow Jeffrey SSee RemarksOpen market sale 14,396$60.95
2026-06-15Farrow Jeffrey SSee RemarksOption exercise 27,881
2026-06-15Goodrich KatherineDirectorOpen market sale 2,954$62.08
2026-06-15LINK WILLIAM J PHDDirectorOpen market sale 10,572$61.97
2026-06-15LINK WILLIAM J PHDDirectorOpen market sale 1,928$62.94
2026-06-12Morrison Scott WDirectorOption exercise 2,954
2026-06-12LINK WILLIAM J PHDDirectorOption exercise 2,954
2026-06-12CHAUDHURI BHASKARDirectorOption exercise 2,954
2026-06-12Goodrich KatherineDirectorOption exercise 2,954
2026-06-12YARNO WENDY LDirectorOption exercise 2,954
2026-06-12Goldberg Andrew D.DirectorOption exercise 2,954
2026-04-24PYOTT DAVID E IDirectorOption exercise 1,383
2026-03-20Neervannan SeshadriChief Operating OfficerOpen market sale 2,989$66.75
2026-03-19Whitfield Dianne C.Chief Human Resources OfficerOpen market sale 4,174$67.00
2026-03-19Wahl BryanGeneral CounselOpen market sale 4,231$67.00
2026-03-19Neervannan SeshadriChief Operating OfficerOpen market sale 4,589$67.00
2026-03-19Mottiwala AzizChief Commercial OfficerOpen market sale 4,440$67.00
2026-03-18Whitfield Dianne C.Chief Human Resources OfficerOpen market sale 4,071$68.71
2026-03-18Wahl BryanGeneral CounselOpen market sale 4,125$68.71
2026-03-18Neervannan SeshadriChief Operating OfficerOpen market sale 3,610$68.71
2026-03-18Mottiwala AzizChief Commercial OfficerOpen market sale 4,330$68.71
2026-03-17Whitfield Dianne C.Chief Human Resources OfficerOpen market sale 4,029$69.42
2026-03-17Wahl BryanGeneral CounselOpen market sale 4,084$69.42
2026-03-17Neervannan SeshadriChief Operating OfficerOpen market sale 3,125$69.42
2026-03-17Mottiwala AzizChief Commercial OfficerOpen market sale 4,286$69.42

Recent SEC filings

Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.

Source: SEC EDGAR submissions · updated 2026-09-07 16:23 UTC

FiledFormReport periodOfficial filing
2026-09-0342026-09-02 View on SEC.gov →
2026-09-0342026-09-01 View on SEC.gov →
2026-08-0610-Q2026-06-30 View on SEC.gov →
2026-08-068-K2026-08-06 View on SEC.gov →
2026-08-068-K2026-08-05 View on SEC.gov →
2026-08-068-K2026-07-31 View on SEC.gov →
2026-07-138-K2026-07-13 View on SEC.gov →
2026-07-088-K2026-07-06 View on SEC.gov →
2026-06-2942026-06-25 View on SEC.gov →
2026-06-2942026-06-25 View on SEC.gov →
2026-06-2942026-06-25 View on SEC.gov →
2026-06-2942026-06-25 View on SEC.gov →

Headlines about TARS (Tarsus Pharmaceuticals, Inc.). Links open the publisher — we don’t host full articles.

SEC filings ↓

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