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TARS Overview

-
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
65.990
Open
59.390
VWAP
63.08
Vol
1.26M
Mkt Cap
2.78B
Low
58.580
Amount
79.77M
EV/EBITDA(TTM)
--
Total Shares
43.02M
EV
2.26B
EV/OCF(TTM)
--
P/S(TTM)
4.77
Tarsus Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics, starting with eye care. The Company’s lead product candidate, XDEMVY, is a lotilaner ophthalmic solution that targets and eradicates the root cause of Demodex blepharitis, Demodex mite infestation. The active pharmaceutical ingredient (API) of XDEMVY, lotilaner, paralyzes and eradicates mites and other parasites through the inhibition of parasite-specific gamma-aminobutyric acid-gated chloride channels. The Company is investigating the development of its product candidates to address targeted diseases with high unmet medical needs, which include TP-04, a novel ophthalmic gel formulation of lotilaner for the potential treatment of Ocular Rosacea, and TP-05, a novel investigational oral formulation of lotilaner, for potential Lyme disease prophylaxis and community malaria reduction.
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Events Timeline

(ET)
2026-05-06
17:10:00
Tarsus Reports Q1 Revenue of $162.05M, Exceeds Expectations
select
2026-03-31 (ET)
2026-03-31
09:00:00
Tarsus Pharmaceuticals Begins Phase 2 Trial for TP-05
select
2026-03-23 (ET)
2026-03-23
09:20:00
Tarsus Pharmaceuticals Achieves $15M Milestone Payment
select
2026-02-24 (ET)
2026-02-24
10:10:00
Tarsus Pharmaceuticals Stock Rises 11.6% to $77.64
select
2026-02-23 (ET)
2026-02-23
16:30:00
Tarsus Reports Q4 Revenue of $151.668M, Beating Consensus
select

News

seekingalpha
9.5
05-07seekingalpha
Tarsus Pharmaceuticals Q1 2026 Earnings Call Highlights
  • Significant Sales Growth: In Q1 2026, Tarsus Pharmaceuticals reported over $145 million in net product sales for XDEMVY, reflecting an 85% year-over-year increase, indicating strong market acceptance and physician endorsement, which is expected to drive growth in the coming years.
  • Full-Year Guidance Reaffirmed: Management reiterated its full-year 2026 guidance of net product sales between $670 million and $700 million, with gross margins around 93%, demonstrating confidence in future performance and reflecting a solid position in market competition.
  • New Product Development Progress: Tarsus has initiated a Phase II trial for TP-05 with approximately 700 participants aimed at preventing Lyme disease, with top-line data expected in the first half of 2027, which will provide crucial support for the company's future product line expansion.
  • One-Time Milestone Revenue: The company reported $16.7 million in license fees and collaboration revenues for the quarter, including a one-time $15 million regulatory milestone from the approval of TP-03 in Greater China, which will provide additional financial support for the company.
NASDAQ.COM
2.0
05-06NASDAQ.COM
Tarsus (TARS) Q1 2026 Earnings Transcript
seekingalpha
9.5
05-05seekingalpha
Tarsus Pharmaceuticals Q1 Earnings Announcement Scheduled
  • Earnings Release Date: Tarsus Pharmaceuticals is set to announce its Q1 earnings on May 6th after market close, with a consensus EPS estimate of -$0.40, reflecting a 37.5% year-over-year improvement, indicating potential financial performance enhancement.
  • Revenue Growth Expectations: The anticipated revenue for Q1 is $148.73 million, representing an impressive 89.9% year-over-year increase, which underscores the company's strong growth in market demand and product sales, potentially laying the groundwork for future profitability.
  • Estimate Revision Dynamics: Over the past three months, there have been no upward revisions for EPS or revenue estimates, with one downward revision each, suggesting a cautious stance from analysts regarding the company's short-term performance, which may affect investor confidence.
  • Future Sales Outlook: Tarsus expects sales to reach between $670 million and $700 million by 2026, with XDEMVY poised to become a blockbuster product exceeding $2 billion, highlighting the company's positive prospects in pipeline advancement and market potential.
Newsfilter
9.5
04-29Newsfilter
Tarsus Pharmaceuticals to Report Q1 2026 Financial Results on May 6
  • Earnings Call Announcement: Tarsus Pharmaceuticals will host a live webcast on May 6, 2026, at 1:30 PM PT to report its Q1 2026 financial results and provide a corporate update, which is expected to draw attention from investors and analysts.
  • Webcast Access: Participants can access the webcast via the company’s website, and a recorded version will be available shortly after the live event, providing crucial financial and strategic insights for subsequent analysis.
  • Pipeline Progress: Tarsus is advancing its pipeline with a focus on eye care and infectious disease prevention, notably with XDEMVY® (lotilaner ophthalmic solution) receiving FDA approval for treating Demodex blepharitis, showcasing the company's innovative capabilities in ophthalmic treatments.
  • New Drug Development: The company is also developing TP-04 as an ophthalmic gel for potential ocular rosacea treatment and TP-05 as an oral tablet for potential Lyme disease prevention, both currently in Phase 2 clinical trials, indicating Tarsus's commitment to addressing high unmet medical needs.
Newsfilter
9.0
03-31Newsfilter
Tarsus Initiates Clinical Trial for Lyme Disease Prevention
  • Trial Launch: Tarsus Pharmaceuticals announced the dosing of the first participant in its Phase 2 clinical trial, Calliope, evaluating the novel oral therapy TP-05 (lotilaner) designed to kill Lyme-infected ticks before disease transmission, with enrollment expected to complete during the 2026 tick season and topline results anticipated in the first half of 2027.
  • Urgent Market Need: Recent market research indicates that over 35 million Americans are at moderate to high risk for Lyme disease, with approximately 300,000 to 400,000 diagnosed annually, highlighting the critical demand for new prophylactic measures, especially as climate change expands the geographic range of ticks.
  • Significant Efficacy: In the Phase 2a Carpo trial, TP-05 demonstrated over 90% tick mortality within 24 hours of attachment, compared to only 5% in the placebo group (p<0.001), indicating its potential in preventing Lyme disease transmission while showing good tolerability.
  • Strategic Implications: TP-05 is considered the only non-vaccine drug-based prophylactic in development, and if approved by the FDA, it could fundamentally shift Lyme disease management from treatment to prevention, significantly reducing infection risks and improving public health outcomes.
Fool
5.0
03-24Fool
Tarsus Pharmaceuticals Executive Sells Shares Amid Strong Sales Growth
  • Executive Stock Sale: Dianne C. Whitfield, Chief Human Resources Officer at Tarsus Pharmaceuticals, sold 12,274 shares of common stock between March 17 and 19, 2026, for approximately $839,000, indicating her ongoing pattern of reducing holdings.
  • Shareholding Reduction: This transaction reduced Whitfield's direct holdings from 47,302 shares to 35,028 shares, representing a 25.95% decrease, reflecting her strategy of gradual divestment in line with available share capacity.
  • Market Performance Analysis: Tarsus Pharmaceuticals generated $451.4 million in net product sales in 2025, more than doubling from the previous year, although the company remains unprofitable with a narrowed net loss of $66.4 million, showcasing strong unit economics.
  • Future Growth Prospects: The company is advancing multiple clinical trials, including indications for ocular rosacea and Lyme disease prevention, with several Phase 2 catalysts on the horizon, indicating potential growth drivers for its product pipeline.
Wall Street analysts forecast TARS stock price to rise
3 Analyst Rating
Wall Street analysts forecast TARS stock price to rise
2 Buy
1 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
68.00
Averages
89.33
High
100.00
Current: 0.000
sliders
Low
68.00
Averages
89.33
High
100.00
Oppenheimer
Oppenheimer
Outperform
to
Outperform
downgrade
$105 -> $98
AI Analysis
2026-04-24
Reason
Oppenheimer
Oppenheimer
Price Target
$105 -> $98
AI Analysis
2026-04-24
downgrade
Outperform
to
Outperform
Reason
Oppenheimer assumed coverage of Tarsus Pharmaceuticals with an Outperform rating with a price target of $98, down from $105. The firm views Tarsus as a successful category-creation commercial biotech story, anchored by XDEMVY, the first and only FDA-approved treatment for Demodex blepharitis. The company has recently transitioned from a pre-commercial setup into a validated commercial growth story, with FY2025 net sales of $451.4M and 2026 guidance of $670M-$700M. With 25M DB patients and over 90% coverage, the focus is shifting toward increasing prescribing depth and screening behavior, which Oppenheimer views as a key driver of durable growth.
Mizuho
Graig Suvannavejh
Outperform
maintain
$100 -> $101
2026-03-25
Reason
Mizuho
Graig Suvannavejh
Price Target
$100 -> $101
2026-03-25
maintain
Outperform
Reason
Mizuho analyst Graig Suvannavejh raised the firm's price target on Tarsus Pharmaceuticals to $101 from $100 and keeps an Outperform rating on the shares after the company announced its Chinese partner, Grand Pharma, received approval to commercialize TP-03 for the treatment of Demodex blepharitis in the Greater China region. The approval came a bit earlier than expected, says the firm, which remains confident in Tarsus' execution on the U.S. Xdemvy launch and sees a favorable risk/reward with shares down 22% year-to-date.
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Valuation Metrics

The current forward P/E ratio for Tarsus Pharmaceuticals Inc (TARS.O) is 106.38, compared to its 5-year average forward P/E of 122.88. For a more detailed relative valuation and DCF analysis to assess Tarsus Pharmaceuticals Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
122.88
Current PE
106.38
Overvalued PE
723.49
Undervalued PE
-477.74

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average EV/EBITDA
4.54
Current EV/EBITDA
-78.69
Overvalued EV/EBITDA
47.73
Undervalued EV/EBITDA
-38.65

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
17.13
Current PS
2.84
Overvalued PS
30.93
Undervalued PS
3.33

Financials

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Whales Holding TARS

P
Paradigm Biocapital Advisors LP
Holding
TARS
+18.75%
3M Return
D
Driehaus Capital Management LLC
Holding
TARS
+16.58%
3M Return
F
Frazier Life Sciences Management, LP
Holding
TARS
+7.03%
3M Return
R
Rock Springs Capital Management LP
Holding
TARS
+6.74%
3M Return
T
Tang Capital Management, LLC
Holding
TARS
+5.99%
3M Return
R
RTW Investments, LP
Holding
TARS
+3.40%
3M Return

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Frequently Asked Questions

What is Tarsus Pharmaceuticals Inc (TARS) stock price today?

The current price of TARS is 64.66 USD — it has increased 8.07

What is Tarsus Pharmaceuticals Inc (TARS)'s business?

Tarsus Pharmaceuticals, Inc. is a commercial-stage biopharmaceutical company. The Company is focused on the development and commercialization of therapeutics, starting with eye care. The Company’s lead product candidate, XDEMVY, is a lotilaner ophthalmic solution that targets and eradicates the root cause of Demodex blepharitis, Demodex mite infestation. The active pharmaceutical ingredient (API) of XDEMVY, lotilaner, paralyzes and eradicates mites and other parasites through the inhibition of parasite-specific gamma-aminobutyric acid-gated chloride channels. The Company is investigating the development of its product candidates to address targeted diseases with high unmet medical needs, which include TP-04, a novel ophthalmic gel formulation of lotilaner for the potential treatment of Ocular Rosacea, and TP-05, a novel investigational oral formulation of lotilaner, for potential Lyme disease prophylaxis and community malaria reduction.

What is the price predicton of TARS Stock?

Wall Street analysts forecast TARS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TARS is89.33 USD with a low forecast of 68.00 USD and a high forecast of 100.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Tarsus Pharmaceuticals Inc (TARS)'s revenue for the last quarter?

Tarsus Pharmaceuticals Inc revenue for the last quarter amounts to 162.05M USD, increased 106.87

What is Tarsus Pharmaceuticals Inc (TARS)'s earnings per share (EPS) for the last quarter?

Tarsus Pharmaceuticals Inc. EPS for the last quarter amounts to -0.16 USD, decreased -75.00

How many employees does Tarsus Pharmaceuticals Inc (TARS). have?

Tarsus Pharmaceuticals Inc (TARS) has 370 emplpoyees as of May 14 2026.

What is Tarsus Pharmaceuticals Inc (TARS) market cap?

Today TARS has the market capitalization of 2.78B USD.