Arcutis Biotherapeutics (ARQT) Stock Overview
A biopharmaceutical company, focuses on developing and commercializing treatments for dermatological diseases. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 3/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
Rewards
Risk Analysis
ARQT passed our risk checks.
ARQT Community Fair Values
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Analyst Price Targets
Top Community Narratives
Arcutis Biotherapeutics
40.3% undervalued intrinsic discount
Very Bullish
View narrativeCO
Updated 18 Jan
Arcutis Biotherapeutics, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$23.89 |
| 52 Week High | US$31.77 |
| 52 Week Low | US$16.57 |
| Beta | 1.5 |
| 1 Month Change | -9.09% |
| 3 Month Change | -2.01% |
| 1 Year Change | 38.17% |
| 3 Year Change | 250.81% |
| 5 Year Change | 5.38% |
| Change since IPO | 9.59% |
Recent News & Updates
Narrative Update • Aug 08
ARQT: Expanded Pediatric Dermatology Indications Will Drive Future Upside Potential
Analysts have lifted the fair value estimate for Arcutis Biotherapeutics to $36.88 from $34.63, citing updated assumptions around profitability, valuation multiples, and product estimates in recent research. Analyst Commentary Recent Street research on Arcutis Biotherapeutics points to a shift in sentiment around the company, with several firms adjusting price targets and revisiting their views on growth, execution, and valuation following the latest quarterly update.Seeking Alpha • Jul 23
Arcutis: Intense Competition, Costs, Slow Growth Merit Downgrade To Hold
Summary Arcutis Biotherapeutics is downgraded to Hold due to rising competition and sector headwinds despite steady Zoryve franchise growth. Zoryve achieved ~45% branded non-steroidal market share, with 2025 revenues of $372.1m and narrowing net losses, but Q1 2026 saw sequential revenue decline. Management guides for $480m–$495m in 2026 revenues, prioritizing sales force expansion and OPEX to drive future growth, with profitability guidance withheld. Key risks include intense competition, high single-asset dependency, topical market softness, and looming generic threats, tempering the prior buy thesis. Read the full article on Seeking AlphaRecent updates
Narrative Update • Aug 08
ARQT: Expanded Pediatric Dermatology Indications Will Drive Future Upside Potential
Analysts have lifted the fair value estimate for Arcutis Biotherapeutics to $36.88 from $34.63, citing updated assumptions around profitability, valuation multiples, and product estimates in recent research. Analyst Commentary Recent Street research on Arcutis Biotherapeutics points to a shift in sentiment around the company, with several firms adjusting price targets and revisiting their views on growth, execution, and valuation following the latest quarterly update.Seeking Alpha • Jul 23
Arcutis: Intense Competition, Costs, Slow Growth Merit Downgrade To Hold
Summary Arcutis Biotherapeutics is downgraded to Hold due to rising competition and sector headwinds despite steady Zoryve franchise growth. Zoryve achieved ~45% branded non-steroidal market share, with 2025 revenues of $372.1m and narrowing net losses, but Q1 2026 saw sequential revenue decline. Management guides for $480m–$495m in 2026 revenues, prioritizing sales force expansion and OPEX to drive future growth, with profitability guidance withheld. Key risks include intense competition, high single-asset dependency, topical market softness, and looming generic threats, tempering the prior buy thesis. Read the full article on Seeking AlphaNarrative Update • Jun 23
ARQT: Upcoming Pediatric Psoriasis Decision Will Drive Future Upside Potential
Analysts have trimmed their price target for Arcutis Biotherapeutics by $1, citing updated assumptions on discount rates, long term revenue growth, profit margins and future P/E estimates, while keeping fair value broadly in line with prior views. What’s in the News for Arcutis Biotherapeutics Arcutis Biotherapeutics reported strong commercial traction for its lead product ZORYVE and indicated that the business has reached cash flow positive status, supporting continued investment in approved indications and research, according to recent company commentary.Narrative Update • Jun 01
ARQT: Dermatology Platform Progress And 2026 Guidance Will Drive Future Upside
Analysts have trimmed their price target on Arcutis Biotherapeutics by $1, reflecting updated assumptions around discount rates and valuation multiples while keeping fair value, revenue growth, profit margin, and future P/E broadly in line with prior estimates. What's in the News Arcutis is being framed as a specialized dermatology platform, with ZORYVE at the center across multiple indications and formulations.Narrative Update • May 18
ARQT: Q4 Execution And 2026 Revenue Guidance Will Support Further Upside
Analysts have nudged the blended price target on Arcutis Biotherapeutics slightly lower to about $34.63 from $34.75. This reflects modest tweaks to revenue growth, profit margin and P/E assumptions following recent Q4 driven model updates across the Street.Narrative Update • Apr 21
ARQT: Raised 2026 Revenue Outlook And Q4 Performance Will Drive Further Upside
Analysts now cluster around a $35 price target for Arcutis Biotherapeutics, reflecting only a small shift of a few dollars from prior targets as recent Q4 results, updated revenue guidance, and ongoing commercialization progress for Zoryve are incorporated into refreshed models. Analyst Commentary Recent Street research converges around a $35 price target, with modest adjustments on either side as analysts refresh models following Q4 results, updated guidance, and ongoing Zoryve commercialization.Narrative Update • Apr 07
ARQT: Higher 2026 Revenue Guidance And Q4 Execution Will Support Upside
Analysts now converge around a $35 price target for Arcutis Biotherapeutics, reflecting updated models following the Q4 report, revised revenue guidance, and ongoing assessments of Zoryve commercialization efforts. Analyst Commentary Recent Street research shows a tight cluster of targets around $35, with several firms updating their models after the Q4 report and revised guidance.Narrative Update • Mar 24
ARQT: Strong Q4 Execution And Higher 2026 Guidance Will Support Confidence
Narrative Update The consensus analyst price target for Arcutis Biotherapeutics is now $35, reflecting modest model updates following the Q4 report, stronger than expected sales, higher revenue guidance, and a continued focus on maximizing the value of Zoryve. Analyst Commentary Recent research highlights a cluster of price targets around $35, with analysts updating their models after the Q4 report, revisions to revenue guidance, and continued emphasis on the Zoryve franchise.Narrative Update • Mar 10
ARQT: Infant Data And Steroid Concerns Will Support Higher Confidence In Guidance
The analyst price target for Arcutis Biotherapeutics has been raised by $3, from $31.75 to $34.75, as analysts update their models following the Q4 report, higher management guidance, and ongoing confidence in Zoryve commercialization and revenue trajectory. Analyst Commentary Recent Street research on Arcutis Biotherapeutics clusters tightly around a US$35 price target, with most firms updating their models after the Q4 report and new management guidance.Narrative Update • Feb 23
ARQT: Infant Data And Steroid Concerns Will Support Future Upside Potential
Analysts kept their price target for Arcutis Biotherapeutics steady at $31.75, citing only minor adjustments to assumptions for discount rate, revenue growth, profit margin, and future P/E to reflect updated views on the company’s risk profile and earnings potential. What's in the News Reported positive topline Phase 2 INTEGUMENT-INFANT data for ZORYVE cream 0.05% in 101 infants aged 3 months to less than 24 months with mild to moderate atopic dermatitis, with low rates of adverse events, all mild to moderate, and no serious adverse events (Key Developments).Narrative Update • Feb 08
ARQT: Infant Atopic Dermatitis Data Will Drive Future Upside Potential
Analysts have nudged their price target for Arcutis Biotherapeutics higher to US$31.75 from US$30.86, tying the change to updated fair value estimates, a slightly adjusted discount rate, and modest tweaks to long term revenue growth, profit margin, and future P/E assumptions. What's in the News Positive topline results from the INTEGUMENT-INFANT Phase 2 study of ZORYVE cream 0.05% in 101 infants with mild to moderate atopic dermatitis, with a low incidence of mild to moderate adverse events and 58% of participants reaching EASI-75 at Week 4 (company announcement).Narrative Update • Jan 25
ARQT: Pediatric Dermatology Pipeline And 2026 Revenue Guide Will Support Upside
Analysts have trimmed their price targets for Arcutis Biotherapeutics by about $1 to roughly $31, citing updated assumptions around fair value, discount rate, profit margin, and future P/E that slightly adjust their overall outlook. What's in the News FDA accepted a supplemental New Drug Application for ZORYVE cream 0.3% to extend plaque psoriasis treatment to children aged 2 to 5 years, with a PDUFA target action date of June 29, 2026 (Company announcement).Narrative Update • Jan 11
ARQT: Pediatric Dermatology Expansion And 2026 Revenue Outlook Will Support Upside
Analysts now see Arcutis Biotherapeutics' fair value at US$31.63 per share, with the latest price target grounded in updated assumptions around the discount rate, revenue growth, profit margins, and future P/E that remain broadly consistent with prior estimates. What's in the News The FDA accepted a supplemental New Drug Application for ZORYVE cream 0.3% to expand its plaque psoriasis indication to children aged 2 to 5 years, with a PDUFA target action date of June 29, 2026, supported by MUSE and long term safety studies in this age group (company announcement).Narrative Update • Dec 21
ARQT: Pediatric Dermatology Expansion Will Support Stronger Long-Term Earnings Power
Analysts have modestly raised their price target on Arcutis Biotherapeutics by updating key valuation inputs, including a slightly higher discount rate and future earnings multiple. This results in a new implied fair value of 31.63 dollars per share that remains unchanged from prior estimates but is now underpinned by refined growth and margin assumptions.Analysis Article • Dec 09
Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Despite an already strong run, Arcutis Biotherapeutics, Inc. ( NASDAQ:ARQT ) shares have been powering on, with a gain...Narrative Update • Dec 06
ARQT: Pediatric Approvals And Long-Term Data Will Support Gradual Portfolio Expansion
Analysts have nudged their price target on Arcutis Biotherapeutics slightly higher, from 31 dollars to approximately 31 dollars and 63 cents, citing modest improvements in long term revenue growth, profit margin expectations, and valuation multiples. What's in the News FDA accepted a supplemental new drug application to extend ZORYVE cream 0.3 percent plaque psoriasis treatment to children aged 2 to 5, with a PDUFA target action date of June 29, 2026 (Company press release).Narrative Update • Nov 22
ARQT: Pediatric Launches And Recent Data Will Support Measured Progress Ahead
Analysts have maintained their price target for Arcutis Biotherapeutics at $31.00, citing stable growth estimates and consistent profit margin expectations. What's in the News The FDA accepted a supplemental New Drug Application (sNDA) for ZORYVE cream 0.3% to treat plaque psoriasis in children aged 2 to 5.Narrative Update • Nov 06
ARQT: Expanded Pediatric Launch And Profit Margin Improvements Will Drive Sentiment Higher
Narrative Update on Arcutis Biotherapeutics Analysts have raised their price target for Arcutis Biotherapeutics from $23.38 to $31.00 per share, citing improved profit margin outlook and a slightly lower discount rate as key factors behind the adjustment. What's in the News The FDA approved ZORYVE (roflumilast) cream 0.05% for mild to moderate atopic dermatitis in children aged 2 to 5, providing a steroid-free topical option for young patients (FDA approval).Analysis Article • Oct 31
Results: Arcutis Biotherapeutics, Inc. Confounded Analyst Expectations With A Surprise Profit
Shareholders will be ecstatic, with their stake up 24% over the past week following Arcutis Biotherapeutics, Inc. 's...Narrative Update • Oct 23
Analysts Cite Strong Sales and Pipeline as Arcutis Biotherapeutics Price Target Rises
Arcutis Biotherapeutics saw its analyst price target raised by $5. Analysts cited strong product sales, robust prescription growth, and promising opportunities for future indication expansion as key drivers behind the upward revision.
New Narrative • Oct 20
Very Bullish
It is almost impossible to obtain a drug label from the FDA for pediatric use - this topical non-steroidal drug ZORYVE is very safe and highly effective for both pediatric and adult patients. The drug is potent in the skin, it is not well absorbed and is quickly metabolized which limits systemic exposure and minimizes side effect risks.Narrative Update • Oct 09
Chronic Skin Trends Will Boost Non-Steroidal Treatment Adoption
Analysts have raised their price target for Arcutis Biotherapeutics from $22.75 to $23.38. The decision was based on stronger-than-expected product sales, ongoing commercial execution, and promising potential for expanded indications, all of which support mid- and long-term growth.Analysis Article • Oct 02
Revenues Not Telling The Story For Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) After Shares Rise 27%
Despite an already strong run, Arcutis Biotherapeutics, Inc. ( NASDAQ:ARQT ) shares have been powering on, with a gain...Narrative Update • Sep 18
Chronic Skin Trends Will Boost Non-Steroidal Treatment Adoption
Upward analyst revisions for Arcutis Biotherapeutics reflect stronger-than-expected product sales, accelerating prescription growth, and optimism over Zoryve’s potential broader indications, lifting the consensus price target from $21.86 to $22.75. Analyst Commentary Bullish analysts highlighted Arcutis's stronger-than-expected total product sales and robust 19% quarter-over-quarter prescription growth, with stable gross-to-net (GTN) in the 50% range.Analysis Article • Jul 15
Is Arcutis Biotherapeutics (NASDAQ:ARQT) Weighed On By Its Debt Load?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Analysis Article • May 09
Earnings Update: Arcutis Biotherapeutics, Inc. (NASDAQ:ARQT) Just Reported Its First-Quarter Results And Analysts Are Updating Their Forecasts
Arcutis Biotherapeutics, Inc. ( NASDAQ:ARQT ) defied analyst predictions to release its quarterly results, which were...
New Narrative • Apr 26
FDA PDUFA Date And Payer Expansion Will Unlock Opportunity
Expanding ZORYVE's indications and payer coverage is expected to significantly boost revenue and market potential.Seeking Alpha • Apr 19
Arcutis Opportunity To Capitalize On Leadership, Pipeline, And Commercial Assets
Summary Arcutis Biotherapeutics is rated a buy with a $19 price target, driven by strong Zoryve sales, a solid balance sheet, and strategic CFO transition. CFO David Topper is stepping down, replaced by Latha Vairavan, whose expertise aligns better with Arcutis's current commercial stage and financial goals. Zoryve's performance exceeds expectations, with significant revenue growth and expanded Medicaid coverage, bolstered by a robust sales force. Key upcoming milestones include regulatory events for Zoryve and clinical readouts for ARQ-255 and ARQ-234, supporting continued growth and valuation. Read the full article on Seeking AlphaShareholder Returns
| ARQT | US Biotechs | US Market | |
|---|---|---|---|
| 7D | -0.04% | -5.9% | -2.2% |
| 1Y | 38.2% | 34.6% | 13.1% |
Return vs Industry: ARQT exceeded the US Biotechs industry which returned 34.6% over the past year.
Return vs Market: ARQT exceeded the US Market which returned 13.1% over the past year.
Price Volatility
| ARQT volatility | |
|---|---|
| ARQT Average Weekly Movement | 5.4% |
| Biotechs Industry Average Movement | 9.6% |
| Market Average Movement | 6.9% |
| 10% most volatile stocks in US Market | 15.4% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: ARQT has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: ARQT's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2016 | 354 | Frank Watanabe | www.arcutis.com |
Arcutis Biotherapeutics, Inc., a biopharmaceutical company, focuses on developing and commercializing treatments for dermatological diseases. The company’s lead product is ZORYVE, a topical roflumilast cream for the treatment of plaque psoriasis and atopic dermatitis. It also develops ZORYVE foam seborrheic dermatitis, and scalp and body psoriasis treatment; ARQ-234, a fusion protein that is a potent and highly selective checkpoint agonist of the CD200 receptor.
Arcutis Biotherapeutics, Inc. Fundamentals Summary
| ARQT fundamental statistics | |
|---|---|
| Market cap | US$2.94b |
| Earnings (TTM) | US$28.52m |
| Revenue (TTM) | US$463.98m |
105.3x
P/E Ratio6.5x
P/S RatioIs ARQT overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ARQT income statement (TTM) | |
|---|---|
| Revenue | US$463.98m |
| Cost of Revenue | US$41.10m |
| Gross Profit | US$422.89m |
| Other Expenses | US$394.37m |
| Earnings | US$28.52m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.23 |
| Gross Margin | 91.14% |
| Net Profit Margin | 6.15% |
| Debt/Equity Ratio | 49.4% |
How did ARQT perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/11 22:03 |
| End of Day Share Price | 2026/09/11 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Arcutis Biotherapeutics, Inc. is covered by 17 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard J. Law | Goldman Sachs |
| null null | Guggenheim Securities, LLC |
| Seamus Fernandez | Guggenheim Securities, LLC |