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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
58.705
Open
57.425
VWAP
57.81
Vol
334.20K
Mkt Cap
2.47B
Low
56.540
Amount
19.32M
EV/EBITDA(TTM)
--
Total Shares
43.02M
EV
2.15B
EV/OCF(TTM)
--
P/S(TTM)
4.58
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

Globenewswire
5.0
06-02Globenewswire
Achieve Life Sciences Appoints New Board Members Ahead of Cytisinicline Launch
  • New Board Members: Achieve Life Sciences has appointed Jeffrey Farrow and Reid Waldman to its Board of Directors, with Farrow bringing over $9 billion in acquisition experience in the biopharmaceutical sector and Waldman as the founder of Veradermics, both poised to provide strategic guidance for the upcoming NDA resubmission.
  • Significant Market Potential: Farrow highlighted the large and underserved market for smoking dependence, with Cytisinicline expected to fill this gap as the first new prescription smoking cessation medication in nearly two decades, addressing the needs of approximately 25 million adult smokers in the U.S.
  • Clinical Data Support: Waldman emphasized the encouraging results of Cytisinicline in clinical trials, particularly for e-cigarette cessation, indicating that the drug could become a new tool for nicotine dependence treatment, addressing the urgent needs of young patients and driving innovation in the biopharmaceutical field.
  • Strategic Development Direction: Achieve Life Sciences' NDA application has received FDA Breakthrough Therapy designation, and with the extensive experience of the new board members, the company is advancing towards a successful launch of Cytisinicline, which is expected to create substantial value for both patients and shareholders.
Newsfilter
1.0
05-28Newsfilter
Tarsus Pharmaceuticals to Participate in Upcoming Investor Conferences
  • Investor Conference Schedule: Tarsus Pharmaceuticals plans to participate in the William Blair 46th Annual Growth Stock Conference on June 2 and the Jefferies Global Healthcare Conference on June 3, showcasing its advancements in eye care and infectious disease prevention at 8:00 a.m. and 8:40 a.m. PT, respectively.
  • Live Webcasts and Replays: The conferences will feature live webcasts accessible on Tarsus's website, with replays available within 48 hours, ensuring investors can stay updated on company developments and engage in discussions, thereby enhancing investor relations.
  • Pipeline Progress: Tarsus's XDEMVY® (0.25% lotilaner ophthalmic solution) has received FDA approval for treating Demodex blepharitis, demonstrating the company's innovative capabilities in ophthalmology, while TP-04 and TP-05 are in development for ocular rosacea and Lyme disease prevention, respectively.
  • Strategic Objectives: By participating in these conferences, Tarsus aims to not only showcase its treatment solutions in high unmet need areas but also attract more investor attention to its R&D progress, thereby driving long-term growth for the company.
Newsfilter
7.5
05-14Newsfilter
John Cena Partners with Tarsus to Raise Awareness of Eyelid Disease
  • Awareness Campaign: Tarsus Pharmaceuticals has partnered with John Cena to raise awareness about Demodex blepharitis, a common eyelid disease, with Cena's personal experience aimed at helping millions recognize the significance of this condition.
  • Symptoms and Treatment: Cena shared his years of suffering from eyelid redness, itching, and crusting, introducing FDA-approved XDEMVY® (lotilaner ophthalmic solution) as the only treatment targeting Demodex blepharitis, emphasizing the importance of seeking timely medical care.
  • Patient Education: Tarsus CEO Bobby Azamian noted that Cena's relatable story encourages people to prioritize eye health and undergo regular eye exams to detect and treat underlying conditions early.
  • Market Potential: The Titan study indicates that as many as 25 million Americans may be affected by Demodex blepharitis, and Tarsus aims to enhance public awareness through this campaign, potentially increasing the market acceptance of XDEMVY.
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.
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 124.25. 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
124.25
Current PE
106.38
Overvalued PE
724.44
Undervalued PE
-475.95

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
3.58
Current EV/EBITDA
-77.70
Overvalued EV/EBITDA
47.76
Undervalued EV/EBITDA
-40.60

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
16.82
Current PS
2.80
Overvalued PS
30.64
Undervalued PS
3.00

Financials

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Whales Holding TARS

D
Driehaus Capital Management LLC
Holding
TARS
+17.06%
3M Return
R
Rock Springs Capital Management LP
Holding
TARS
+4.02%
3M Return
R
RTW Investments, LP
Holding
TARS
+0.63%
3M Return
P
Paradigm Biocapital Advisors LP
Holding
TARS
+0.28%
3M Return
F
Frazier Life Sciences Management, LP
Holding
TARS
-0.96%
3M Return
D
Deep Track Capital, LP
Holding
TARS
-1.75%
3M Return

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Frequently Asked Questions

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

The current price of TARS is 58.1754 USD — it has increased 1.33

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 June 03 2026.

What is Tarsus Pharmaceuticals Inc (TARS) market cap?

Today TARS has the market capitalization of 2.47B USD.