Tarsus Pharmaceuticals, Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $58.0m $168.1m $171.3m $71.7m $224.9m $94.8m $183.6m
Accounts receivable, net $0 $16.6m $46.8m $85.1m
Inventory $0 $3.1m $2.6m $4.4m
Other receivables $36k $20k $92k $3.6m $1.1m $1.3m $2.1m
Prepaid expenses $22k $2.5m $4.0m $4.8m $7.9m $14.7m $13.5m
Restricted cash, non-current $0 $2.6m $2.0m
Inventory, non-current $0 $2.5m $2.5m
Total current assets $58.0m $170.7m $176.0m $225.4m $256.1m $356.7m $522.8m
Long-term investments $0 $371k $631k $3.0m $3.9m
Property and equipment, net $154k $548k $755k $957k $1.5m $2.3m $11.7m
Intangible assets, net $0 $3.9m $8.3m $7.4m
Operating lease right-of-use assets $126k $688k $1.1m $575k $1.9m $552k $10.1m
Other assets $6k $81k $1.1m $585k $1.5m $999k $1.9m
Restricted cash $20k $20k $0 $0 $560k
Marketable securities $0 $483k $145.4m $2.5m $196.6m $233.6m
Total stockholders’ equity ($6.0m) $166.0m $166.7m $192.9m $197.0m $224.5m $343.4m
Total assets $58.3m $172.0m $178.9m $227.9m $265.5m $377.0m $562.2m
Total liabilities and stockholders’ equity $58.3m $172.0m $178.9m $227.9m $265.5m $377.0m $562.2m
Accounts payable $9.4m $16.4m
Accrued payroll and benefits $299k $1.0m $2.8m $5.5m $13.2m $15.8m $17.8m
Other accrued liabilities $520k $4.3m $8.7m $9.9m $23.7m $64.8m $101.5m
Total current liabilities $819k $5.4m $11.5m $15.4m $36.9m $80.6m $135.7m
Long-term debt, net $0 $19.4m $29.8m $71.8m $72.4m
Other long-term liabilities $100k $605k $699k $100k $1.7m $0 $10.6m
Total liabilities $919k $6.0m $12.2m $35.0m $68.5m $152.5m $218.7m
Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding 0 0 0 0 0 0 0
Common stock, $0.0001 par value; 200,000,000 shares authorized; 42,553,931 shares issued and outstanding at December 31, 2025; 38,349,826 shares issued and outstanding at December 31, 2024 2k 4k 4k 5k 5k 6k 6k
Additional paid-in capital $27k $198.8m $213.4m $301.7m $441.6m $584.6m $769.7m
Accumulated other comprehensive income (loss) $0 ($74k) ($2k) $179k $381k
Accumulated deficit ($6.0m) ($32.8m) ($46.7m) ($108.8m) ($244.7m) ($360.2m) ($426.6m)