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Annual data and sources

Arcutis Biotherapeutics, Inc. (ARQT) · Nasdaq · USD · Sector unavailable · CIK 0001787306

Annual coverage: 2018-12-31–2025-12-31 (8 periods). Financial snapshot built 2026-10-09.

ARQT annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Arcutis Biotherapeutics, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
-0.13-0.13-0.05UnavailableUnavailableBasic EPS (2026-02-25)
Diluted EPS (2026-02-25)
Operating cash flow (2026-02-25) · Capex (2026-02-25)
2024
2024-12-31
-1.16-1.16-0.93UnavailableUnavailableBasic EPS (2026-02-25)
Diluted EPS (2026-02-25)
Operating cash flow (2026-02-25) · Capex (2026-02-25)
2023
2023-12-31
-3.78-3.78-3.57UnavailableUnavailableBasic EPS (2026-02-25)
Diluted EPS (2026-02-25)
Operating cash flow (2026-02-25) · Capex (2026-02-25)
2022
2022-12-31
-5.66-5.66-4.69UnavailableUnavailableBasic EPS (2025-02-25)
Diluted EPS (2025-02-25)
Operating cash flow (2025-02-25) · Capex (2025-02-25)
2021
2021-12-31
-4.18-4.18-3.55UnavailableUnavailableBasic EPS (2024-02-27)
Diluted EPS (2024-02-27)
Operating cash flow (2024-02-27) · Capex (2024-02-27)
2020
2020-12-31
-3.80-3.80-3.18UnavailableUnavailableBasic EPS (2023-02-28)
Diluted EPS (2023-02-28)
Operating cash flow (2023-02-28) · Capex (2023-02-28)
2019
2019-12-31
-22.78-22.78-23.40UnavailableUnavailableBasic EPS (2022-02-22)
Diluted EPS (2022-02-22)
Operating cash flow (2022-02-22) · Capex (2022-02-22)
2018
2018-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2021-02-16) · Capex (2021-02-16)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-312.96Unavailable
Inputs & filings

revenue: 376072000; averageDilutedShares: 127234000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 123332672

revenue (2026-02-25)
averageDilutedShares (2026-02-25)
periodEndShares (2026-02-25)
2024-12-311.62Unavailable
Inputs & filings

revenue: 196542000; averageDilutedShares: 120958000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 117848033

revenue (2026-02-25)
averageDilutedShares (2026-02-25)
periodEndShares (2026-02-25)
2023-12-310.86Unavailable
Inputs & filings

revenue: 59606000; averageDilutedShares: 69305000; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 96787343

revenue (2026-02-25)
averageDilutedShares (2026-02-25)
periodEndShares (2025-02-25)
2022-12-310.07Unavailable
Inputs & filings

revenue: 3686000; averageDilutedShares: 55032265; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 61037403

revenue (2025-02-25)
averageDilutedShares (2025-02-25)
periodEndShares (2024-02-27)
2021-12-31UnavailableUnavailable
Inputs & filings

revenue: Revenue mapping differs from reported total revenue in overlapping annual periods; averageDilutedShares: 49405575; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 50255614

averageDilutedShares (2024-02-27)
periodEndShares (2023-02-28)
2020-12-31UnavailableUnavailable
Inputs & filings

revenue: Revenue mapping differs from reported total revenue in overlapping annual periods; averageDilutedShares: 35668152; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 43338438

averageDilutedShares (2023-02-28)
periodEndShares (2022-02-22)
2019-12-31UnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; averageDilutedShares: 1843213; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 2120853

averageDilutedShares (2022-02-22)
periodEndShares (2021-02-16)
2018-12-31UnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

Source unavailable

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-31-1.68Unavailable-4.28
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-6311000,"capex":{"accession":"0001787306-26-000018","end":"2025-12-31","filed":"2026-02-25","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-26-000018","end":"2025-12-31","filed":"2026-02-25","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":376072000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"netIncome":{"value":-16141000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"operatingIncome":{"value":-12227000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingAssets":{"value":348889000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingCurrentLiabilities":{"value":81013000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingCapitalEmployed":{"value":267876000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":157541000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingTotalEquity":{"value":157541000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":191348000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingCash":{"value":71335000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingCommonEquity":{"value":157541000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":432973000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCurrentLiabilities":{"value":129838000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCapitalEmployed":{"value":303135000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":189479000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingTotalEquity":{"value":189479000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":243494000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCash":{"value":42907000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCommonEquity":{"value":189479000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-16141000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":1171000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":285505500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":173510000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -1.6781361015975664; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -4.282579494965947

fcfMargin component 1 (2026-02-25) · fcfMargin component 2 (2026-02-25) · fcfMargin component 3 (2026-02-25)
cashConversion component 1 (2026-02-25) · cashConversion component 2 (2026-02-25) · cashConversion component 3 (2026-02-25)
roce component 1 (2026-02-25) · roce component 2 (2026-02-25) · roce component 3 (2026-02-25) · roce component 4 (2026-02-25) · roce component 5 (2026-02-25)
2024-12-31-57.14Unavailable-45.65
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-112301000,"capex":{"accession":"0001787306-26-000018","end":"2024-12-31","filed":"2026-02-25","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-26-000018","end":"2024-12-31","filed":"2026-02-25","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":196542000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"netIncome":{"value":-140039000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"operatingIncome":{"value":-128397000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingAssets":{"value":341365000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingCurrentLiabilities":{"value":46668000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingCapitalEmployed":{"value":294697000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":88667000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":252698000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingCash":{"value":88395000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":348889000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCurrentLiabilities":{"value":81013000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCapitalEmployed":{"value":267876000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":157541000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingTotalEquity":{"value":157541000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":191348000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCash":{"value":71335000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingCommonEquity":{"value":157541000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-140039000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":647000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":281286500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -57.13842333954066; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -45.64634278573625

fcfMargin component 1 (2026-02-25) · fcfMargin component 2 (2026-02-25) · fcfMargin component 3 (2026-02-25)
cashConversion component 1 (2026-02-25) · cashConversion component 2 (2026-02-25) · cashConversion component 3 (2026-02-25)
roce component 1 (2026-02-25) · roce component 2 (2025-02-25) · roce component 3 (2025-02-25) · roce component 4 (2026-02-25) · roce component 5 (2026-02-25)
2023-12-31-415.20Unavailable-68.28
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-247485000,"capex":{"accession":"0001787306-26-000018","end":"2023-12-31","filed":"2026-02-25","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-26-000018","end":"2023-12-31","filed":"2026-02-25","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":59606000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"netIncome":{"value":-262140000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"operatingIncome":{"value":-241101000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingAssets":{"value":449274000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingCurrentLiabilities":{"value":37807000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingCapitalEmployed":{"value":411467000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":209581000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":239693000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingCash":{"value":53641000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":341365000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"closingCurrentLiabilities":{"value":46668000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"closingCapitalEmployed":{"value":294697000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":88667000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":252698000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"closingCash":{"value":88395000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-262140000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":3113000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-25","accession":"0001787306-26-000018","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":353082000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -415.20148978290774; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -68.28470440294323

fcfMargin component 1 (2026-02-25) · fcfMargin component 2 (2026-02-25) · fcfMargin component 3 (2026-02-25)
cashConversion component 1 (2026-02-25) · cashConversion component 2 (2026-02-25) · cashConversion component 3 (2026-02-25)
roce component 1 (2026-02-25) · roce component 2 (2024-02-27) · roce component 3 (2024-02-27) · roce component 4 (2025-02-25) · roce component 5 (2025-02-25)
2022-12-31-7,000.76Unavailable-76.72
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-258048000,"capex":{"accession":"0001787306-25-000029","end":"2022-12-31","filed":"2025-02-25","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-25-000029","end":"2022-12-31","filed":"2025-02-25","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":3686000,"tag":"Revenues","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"netIncome":{"value":-311458000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"operatingIncome":{"value":-301627000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingAssets":{"value":408152000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingCurrentLiabilities":{"value":33326000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingCapitalEmployed":{"value":374826000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":297677000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":110475000,"tag":"Liabilities","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingCash":{"value":96449000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-311458000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001787306-25-000029","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":393146500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -7000.759631036354; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -76.72127311320335

fcfMargin component 1 (2025-02-25) · fcfMargin component 2 (2025-02-25) · fcfMargin component 3 (2025-02-25)
cashConversion component 1 (2025-02-25) · cashConversion component 2 (2025-02-25) · cashConversion component 3 (2025-02-25)
roce component 1 (2025-02-25) · roce component 2 (2023-02-28) · roce component 3 (2023-02-28) · roce component 4 (2024-02-27) · roce component 5 (2024-02-27)
2021-12-31UnavailableUnavailable-63.50
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-175622000,"capex":{"accession":"0001787306-24-000031","end":"2021-12-31","filed":"2024-02-27","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-24-000031","end":"2021-12-31","filed":"2024-02-27","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-206356000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"operatingIncome":{"value":-206529000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingAssets":{"value":298269000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingCurrentLiabilities":{"value":22602000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingCapitalEmployed":{"value":275667000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":270621000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":27648000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingCash":{"value":65082000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-206356000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":325246500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Revenue mapping differs from reported total revenue in overlapping annual periods; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -63.499222897094974

fcfMargin component 1 (2024-02-27) · fcfMargin component 2 (2024-02-27)
cashConversion component 1 (2024-02-27) · cashConversion component 2 (2024-02-27) · cashConversion component 3 (2024-02-27)
roce component 1 (2024-02-27) · roce component 2 (2022-02-22) · roce component 3 (2022-02-22) · roce component 4 (2023-02-28) · roce component 5 (2023-02-28)
2020-12-31UnavailableUnavailable-72.41
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-113354000,"capex":{"accession":"0001787306-23-000023","end":"2020-12-31","filed":"2023-02-28","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-23-000023","end":"2020-12-31","filed":"2023-02-28","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-135678000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"operatingIncome":{"value":-136645000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingAssets":{"value":107012000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingCurrentLiabilities":{"value":5237000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingCapitalEmployed":{"value":101775000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-65029000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":5550000,"tag":"Liabilities","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingCash":{"value":63336000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":298269000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingCurrentLiabilities":{"value":22602000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingCapitalEmployed":{"value":275667000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":270621000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2024-02-27","accession":"0001787306-24-000031","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":27648000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingCash":{"value":65082000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2020-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-135678000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":188721000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Revenue mapping differs from reported total revenue in overlapping annual periods; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -72.4058265905755

fcfMargin component 1 (2023-02-28) · fcfMargin component 2 (2023-02-28)
cashConversion component 1 (2023-02-28) · cashConversion component 2 (2023-02-28) · cashConversion component 3 (2023-02-28)
roce component 1 (2023-02-28) · roce component 2 (2021-02-16) · roce component 3 (2021-02-16) · roce component 4 (2022-02-22) · roce component 5 (2022-02-22)
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-43131000,"capex":{"accession":"0001787306-22-000009","end":"2019-12-31","filed":"2022-02-22","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001787306-22-000009","end":"2019-12-31","filed":"2022-02-22","form":"10-K","start":"2019-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-41996000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"operatingIncome":{"value":-43132000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"openingParentEquity":{"value":-23987000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":107012000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"closingCurrentLiabilities":{"value":5237000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"closingCapitalEmployed":{"value":101775000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-65029000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2023-02-28","accession":"0001787306-23-000023","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":5550000,"tag":"Liabilities","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"closingCash":{"value":63336000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2019-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-41996000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: No unambiguous matching annual USD fact; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31

fcfMargin component 1 (2022-02-22) · fcfMargin component 2 (2022-02-22)
cashConversion component 1 (2022-02-22) · cashConversion component 2 (2022-02-22) · cashConversion component 3 (2022-02-22)
roce component 1 (2022-02-22) · roce component 2 (2021-02-16) · roce component 3 (2021-02-16)
2018-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-14085000,"capex":{"accession":"0001628280-21-002272","end":"2018-12-31","filed":"2021-02-16","form":"10-K","start":"2018-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001628280-21-002272","end":"2018-12-31","filed":"2021-02-16","form":"10-K","start":"2018-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"netIncome":{"value":-19255000,"tag":"NetIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"operatingIncome":{"value":-19735000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31"},"openingParentEquity":{"value":-4993000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2017-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2017-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCapitalEmployed":{"value":null,"inputNames":["closingAssets","closingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31"},"closingParentEquity":{"value":-23987000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2022-02-22","accession":"0001787306-22-000009","form":"10-K"},"closingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2018-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-19255000,"tag":"NetIncomeLoss","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2018-01-01","end":"2018-12-31","filed":"2021-02-16","accession":"0001628280-21-002272","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: No unambiguous matching annual USD fact; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed, closingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2017-12-31; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2018-12-31

fcfMargin component 1 (2021-02-16) · fcfMargin component 2 (2021-02-16)
cashConversion component 1 (2021-02-16) · cashConversion component 2 (2021-02-16) · cashConversion component 3 (2021-02-16)
roce component 1 (2021-02-16)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-31376,072,000.00-3.25-4.29
Inputs & filings

revenue: 376072000; operatingIncome: -12227000; netIncome: -16141000

revenue (2026-02-25)
operatingIncome (2026-02-25)
netIncome (2026-02-25)
2024-12-31196,542,000.00-65.33-71.25
Inputs & filings

revenue: 196542000; operatingIncome: -128397000; netIncome: -140039000

revenue (2026-02-25)
operatingIncome (2026-02-25)
netIncome (2026-02-25)
2023-12-3159,606,000.00-404.49-439.79
Inputs & filings

revenue: 59606000; operatingIncome: -241101000; netIncome: -262140000

revenue (2026-02-25)
operatingIncome (2026-02-25)
netIncome (2026-02-25)
2022-12-313,686,000.00-8,183.04-8,449.76
Inputs & filings

revenue: 3686000; operatingIncome: -301627000; netIncome: -311458000

revenue (2025-02-25)
operatingIncome (2025-02-25)
netIncome (2025-02-25)
2021-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Revenue mapping differs from reported total revenue in overlapping annual periods; operatingIncome: -206529000; netIncome: -206356000

operatingIncome (2024-02-27)
netIncome (2024-02-27)
2020-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: Revenue mapping differs from reported total revenue in overlapping annual periods; operatingIncome: -136645000; netIncome: -135678000

operatingIncome (2023-02-28)
netIncome (2023-02-28)
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -43132000; netIncome: -41996000

operatingIncome (2022-02-22)
netIncome (2022-02-22)
2018-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -19735000; netIncome: -19255000

operatingIncome (2021-02-16)
netIncome (2021-02-16)

Arcutis Biotherapeutics, Inc. (ARQT) P/E ratio history

The interactive P/E chart contains all 350 stored weekly price points (2020-01-31–2026-10-08); 0 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

No positive annual EPS with an eligible fiscal-year-end price is available in this snapshot.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (8 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-2628.97Adjusted closeUnavailableUnavailableBasic EPS (2026-02-25) Diluted EPS (2026-02-25)
2024-12-312024-12-2714.30Adjusted closeUnavailableUnavailableBasic EPS (2026-02-25) Diluted EPS (2026-02-25)
2023-12-312023-12-293.23Adjusted closeUnavailableUnavailableBasic EPS (2026-02-25) Diluted EPS (2026-02-25)
2022-12-312022-12-3014.80Adjusted closeUnavailableUnavailableBasic EPS (2025-02-25) Diluted EPS (2025-02-25)
2021-12-312021-12-3120.74Adjusted closeUnavailableUnavailableBasic EPS (2024-02-27) Diluted EPS (2024-02-27)
2020-12-312020-12-3128.13Adjusted closeUnavailableUnavailableBasic EPS (2023-02-28) Diluted EPS (2023-02-28)
2019-12-31UnavailableUnavailableUnavailableUnavailableUnavailableBasic EPS (2022-02-22) Diluted EPS (2022-02-22)
2018-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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