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Annual data and sources

Tarsus Pharmaceuticals, Inc. (TARS) · Nasdaq · USD · Sector unavailable · CIK 0001819790

Annual coverage: 2019-12-31–2025-12-31 (7 periods). Financial snapshot built 2026-10-09.

TARS 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 Tarsus Pharmaceuticals, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
-1.59-1.59-0.530.000.00%Basic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
Dividend (2026-02-23)
2024
2024-12-31
-3.07-3.07-2.250.000.00%Basic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
Dividend (2026-02-23)
2023
2023-12-31
-4.62-4.62-4.050.000.00%Basic EPS (2026-02-23)
Diluted EPS (2026-02-23)
Operating cash flow (2026-02-23) · Capex (2026-02-23)
Dividend (2026-02-23)
2022
2022-12-31
-2.52-2.52-2.010.000.00%Basic EPS (2025-02-25)
Diluted EPS (2025-02-25)
Operating cash flow (2025-02-25) · Capex (2025-02-25)
Dividend (2025-02-25)
2021
2021-12-31
-0.67-0.670.150.000.00%Basic EPS (2023-03-17)
Diluted EPS (2023-03-17)
Operating cash flow (2023-03-17) · Capex (2023-03-17)
Dividend (2023-03-17)
2020
2020-12-31
-4.32-4.32-3.480.000.00%Basic EPS (2022-03-14)
Diluted EPS (2022-03-14)
Operating cash flow (2022-03-14) · Capex (2022-03-14)
Dividend (2022-03-14)
2019
2019-12-31
UnavailableUnavailableUnavailable0.00UnavailableOperating cash flow (2021-03-31) · Capex (2021-03-31)
Dividend (2021-03-31)

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
2025-12-3110.80Unavailable
Inputs & filings

revenue: 451360000; averageDilutedShares: 41784014; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 42553931

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
periodEndShares (2026-02-23)
2024-12-314.87Unavailable
Inputs & filings

revenue: 182953000; averageDilutedShares: 37604538; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 38349826

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
periodEndShares (2026-02-23)
2023-12-310.59Unavailable
Inputs & filings

revenue: 17447000; averageDilutedShares: 29383276; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 34211190

revenue (2026-02-23)
averageDilutedShares (2026-02-23)
periodEndShares (2025-02-25)
2022-12-311.05Unavailable
Inputs & filings

revenue: 25816000; averageDilutedShares: 24619700; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 26700000

revenue (2025-02-25)
averageDilutedShares (2025-02-25)
periodEndShares (2024-02-27)
2021-12-312.77Unavailable
Inputs & filings

revenue: 57027000; averageDilutedShares: 20554086; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 20698737

revenue (2023-03-17)
averageDilutedShares (2023-03-17)
periodEndShares (2023-03-17)
2020-12-310.00Unavailable
Inputs & filings

revenue: 0; averageDilutedShares: 6207367; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: 20323201

revenue (2022-03-14)
averageDilutedShares (2022-03-14)
periodEndShares (2022-03-14)
2019-12-31UnavailableUnavailable
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: 2646619

periodEndShares (2021-03-31)

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
2025-12-31-4.94Unavailable-19.64
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-22310000,"capex":{"accession":"0001819790-26-000019","end":"2025-12-31","filed":"2026-02-23","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-26-000019","end":"2025-12-31","filed":"2026-02-23","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":451360000,"tag":"Revenues","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"netIncome":{"value":-66418000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"operatingIncome":{"value":-70969000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingAssets":{"value":376991000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingCurrentLiabilities":{"value":80612000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingCapitalEmployed":{"value":296379000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":224534000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingTotalEquity":{"value":224534000,"inputNames":["openingParentEquity","openingAssets","openingLiabilities"]},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":152457000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingCash":{"value":94818000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingCommonEquity":{"value":224534000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":562158000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCurrentLiabilities":{"value":135695000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCapitalEmployed":{"value":426463000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":343426000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingTotalEquity":{"value":343426000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":218732000,"tag":"Liabilities","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCash":{"value":183640000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCommonEquity":{"value":343426000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-66418000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":2059000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"pretaxIncome":{"value":-64359000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":361421000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":283980000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -4.94283941864587; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -19.636103048799047

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2026-02-23) · roce component 3 (2026-02-23) · roce component 4 (2026-02-23) · roce component 5 (2026-02-23)
2024-12-31-46.24Unavailable-45.94
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-84594000,"capex":{"accession":"0001819790-26-000019","end":"2024-12-31","filed":"2026-02-23","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-26-000019","end":"2024-12-31","filed":"2026-02-23","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":182953000,"tag":"Revenues","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"netIncome":{"value":-115554000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"operatingIncome":{"value":-120569000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingAssets":{"value":265491000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"openingCurrentLiabilities":{"value":36936000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"openingCapitalEmployed":{"value":228555000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":196988000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":68503000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"openingCash":{"value":224947000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","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":"0001819790-25-000011","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":376991000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCurrentLiabilities":{"value":80612000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCapitalEmployed":{"value":296379000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":224534000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingTotalEquity":{"value":224534000,"inputNames":["closingParentEquity","closingAssets","closingLiabilities"]},"closingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingLiabilities":{"value":152457000,"tag":"Liabilities","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCash":{"value":94818000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"closingCommonEquity":{"value":224534000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-115554000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"pretaxIncome":{"value":-115554000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":262467000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -46.23810486846349; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -45.93682253388045

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2025-02-25) · roce component 3 (2025-02-25) · roce component 4 (2026-02-23) · roce component 5 (2026-02-23)
2023-12-31-682.04Unavailable-64.93
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-118995000,"capex":{"accession":"0001819790-26-000019","end":"2023-12-31","filed":"2026-02-23","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-26-000019","end":"2023-12-31","filed":"2026-02-23","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":17447000,"tag":"Revenues","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"netIncome":{"value":-135893000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"operatingIncome":{"value":-143158000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"openingAssets":{"value":227863000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"openingCurrentLiabilities":{"value":15429000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"openingCapitalEmployed":{"value":212434000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":192900000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":34963000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"openingCash":{"value":71660000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","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 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":"0001819790-24-000018","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":265491000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"closingCurrentLiabilities":{"value":36936000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"closingCapitalEmployed":{"value":228555000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":196988000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":68503000,"tag":"Liabilities","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"closingCash":{"value":224947000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","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":"0001819790-25-000011","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":-135893000,"tag":"NetIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"pretaxIncome":{"value":-135893000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":220494500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -682.0370264228808; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -64.92588250500579

fcfMargin component 1 (2026-02-23) · fcfMargin component 2 (2026-02-23) · fcfMargin component 3 (2026-02-23)
cashConversion component 1 (2026-02-23) · cashConversion component 2 (2026-02-23) · cashConversion component 3 (2026-02-23)
roce component 1 (2026-02-23) · roce component 2 (2024-02-27) · roce component 3 (2024-02-27) · roce component 4 (2025-02-25) · roce component 5 (2025-02-25)
2022-12-31-191.88Unavailable-33.02
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-49536000,"capex":{"accession":"0001819790-25-000011","end":"2022-12-31","filed":"2025-02-25","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-25-000011","end":"2022-12-31","filed":"2025-02-25","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":25816000,"tag":"Revenues","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"netIncome":{"value":-62091000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"operatingIncome":{"value":-62712000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"openingAssets":{"value":178907000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"openingCurrentLiabilities":{"value":11478000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"openingCapitalEmployed":{"value":167429000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":166730000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","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":12177000,"tag":"Liabilities","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"openingCash":{"value":171332000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","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 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","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":227863000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"closingCurrentLiabilities":{"value":15429000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"closingCapitalEmployed":{"value":212434000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":192900000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2026-02-23","accession":"0001819790-26-000019","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":34963000,"tag":"Liabilities","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","form":"10-K"},"closingCash":{"value":71660000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-02-27","accession":"0001819790-24-000018","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 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":"0001819790-24-000018","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":-62091000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":-4000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"pretaxIncome":{"value":-62095000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2025-02-25","accession":"0001819790-25-000011","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":189931500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -191.88100402850944; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -33.018219726585635

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 (2023-03-17) · roce component 3 (2023-03-17) · roce component 4 (2024-02-27) · roce component 5 (2024-02-27)
2021-12-315.54Unavailable-7.28
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":3162000,"capex":{"accession":"0001819790-23-000007","end":"2021-12-31","filed":"2023-03-17","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-23-000007","end":"2021-12-31","filed":"2023-03-17","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":57027000,"tag":"Revenues","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"netIncome":{"value":-13827000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"operatingIncome":{"value":-12157000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"openingAssets":{"value":171972000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"openingCurrentLiabilities":{"value":5387000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"openingCapitalEmployed":{"value":166585000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":165980000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","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":5992000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"openingCash":{"value":168129000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","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":"2023-03-17","accession":"0001819790-23-000007","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":-13827000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":55000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"pretaxIncome":{"value":-13772000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":167007000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: 5.544741964332685; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -7.279335596711515

fcfMargin component 1 (2023-03-17) · fcfMargin component 2 (2023-03-17) · fcfMargin component 3 (2023-03-17)
cashConversion component 1 (2023-03-17) · cashConversion component 2 (2023-03-17) · cashConversion component 3 (2023-03-17)
roce component 1 (2023-03-17) · roce component 2 (2022-03-14) · roce component 3 (2022-03-14) · roce component 4 (2023-03-17) · roce component 5 (2023-03-17)
2020-12-31UnavailableUnavailable-24.10
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-21594000,"capex":{"accession":"0001819790-22-000010","end":"2020-12-31","filed":"2022-03-14","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-22-000010","end":"2020-12-31","filed":"2022-03-14","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":0,"tag":"Revenues","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"netIncome":{"value":-26811000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"operatingIncome":{"value":-26998000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"openingAssets":{"value":58316000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"openingCurrentLiabilities":{"value":819000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"openingCapitalEmployed":{"value":57497000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-6005000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","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":919000,"tag":"Liabilities","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"openingCash":{"value":57952000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","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":"2021-03-31","accession":"0001819790-21-000010","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":171972000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"closingCurrentLiabilities":{"value":5387000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"closingCapitalEmployed":{"value":166585000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":165980000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2023-03-17","accession":"0001819790-23-000007","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":5992000,"tag":"Liabilities","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"closingCash":{"value":168129000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","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":"2022-03-14","accession":"0001819790-22-000010","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":-26811000,"tag":"NetIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":1000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"pretaxIncome":{"value":-26810000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":112041000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Positive revenue required; zero or negative denominator is unavailable; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -24.09653608946725

fcfMargin component 1 (2022-03-14) · fcfMargin component 2 (2022-03-14) · fcfMargin component 3 (2022-03-14)
cashConversion component 1 (2022-03-14) · cashConversion component 2 (2022-03-14) · cashConversion component 3 (2022-03-14)
roce component 1 (2022-03-14) · roce component 2 (2021-03-31) · roce component 3 (2021-03-31) · roce component 4 (2022-03-14) · roce component 5 (2022-03-14)
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-3848000,"capex":{"accession":"0001819790-21-000010","end":"2019-12-31","filed":"2021-03-31","form":"10-K","start":"2019-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001819790-21-000010","end":"2019-12-31","filed":"2021-03-31","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":-4670000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"operatingIncome":{"value":-4298000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","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":-1354000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2018-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","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":58316000,"tag":"Assets","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"closingCurrentLiabilities":{"value":819000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"closingCapitalEmployed":{"value":57497000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-6005000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2019-12-31","filed":"2022-03-14","accession":"0001819790-22-000010","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":919000,"tag":"Liabilities","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"closingCash":{"value":57952000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","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":"2021-03-31","accession":"0001819790-21-000010","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":-4670000,"tag":"NetIncomeLoss","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":1000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2019-01-01","end":"2019-12-31","filed":"2021-03-31","accession":"0001819790-21-000010","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 (2021-03-31) · fcfMargin component 2 (2021-03-31)
cashConversion component 1 (2021-03-31) · cashConversion component 2 (2021-03-31) · cashConversion component 3 (2021-03-31)
roce component 1 (2021-03-31) · roce component 2 (2021-03-31) · roce component 3 (2021-03-31)

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
2025-12-31451,360,000.00-15.72-14.72
Inputs & filings

revenue: 451360000; operatingIncome: -70969000; netIncome: -66418000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2024-12-31182,953,000.00-65.90-63.16
Inputs & filings

revenue: 182953000; operatingIncome: -120569000; netIncome: -115554000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2023-12-3117,447,000.00-820.53-778.89
Inputs & filings

revenue: 17447000; operatingIncome: -143158000; netIncome: -135893000

revenue (2026-02-23)
operatingIncome (2026-02-23)
netIncome (2026-02-23)
2022-12-3125,816,000.00-242.92-240.51
Inputs & filings

revenue: 25816000; operatingIncome: -62712000; netIncome: -62091000

revenue (2025-02-25)
operatingIncome (2025-02-25)
netIncome (2025-02-25)
2021-12-3157,027,000.00-21.32-24.25
Inputs & filings

revenue: 57027000; operatingIncome: -12157000; netIncome: -13827000

revenue (2023-03-17)
operatingIncome (2023-03-17)
netIncome (2023-03-17)
2020-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: -26998000; netIncome: -26811000

revenue (2022-03-14)
operatingIncome (2022-03-14)
netIncome (2022-03-14)
2019-12-31UnavailableUnavailableUnavailable
Inputs & filings

revenue: No unambiguous matching annual USD fact; operatingIncome: -4298000; netIncome: -4670000

operatingIncome (2021-03-31)
netIncome (2021-03-31)

Tarsus Pharmaceuticals, Inc. (TARS) P/E ratio history

The interactive P/E chart contains all 313 stored weekly price points (2020-10-16–2026-10-08); 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 (7 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
2025-12-312025-12-2681.78Adjusted closeUnavailableUnavailableBasic EPS (2026-02-23) Diluted EPS (2026-02-23)
2024-12-312024-12-2755.00Adjusted closeUnavailableUnavailableBasic EPS (2026-02-23) Diluted EPS (2026-02-23)
2023-12-312023-12-2920.25Adjusted closeUnavailableUnavailableBasic EPS (2026-02-23) Diluted EPS (2026-02-23)
2022-12-312022-12-3014.66Adjusted closeUnavailableUnavailableBasic EPS (2025-02-25) Diluted EPS (2025-02-25)
2021-12-312021-12-3122.50Adjusted closeUnavailableUnavailableBasic EPS (2023-03-17) Diluted EPS (2023-03-17)
2020-12-312020-12-3141.33Adjusted closeUnavailableUnavailableBasic EPS (2022-03-14) Diluted EPS (2022-03-14)
2019-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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