Company Analysis

Arcturus Therapeutics Holdings Inc. (ARCT)

Nasdaq: ARCT · Pharmaceutical Preparations · San Diego, CA · filing with the SEC since 2019
Grade5.3
◀ Past 5.7● Present 6.2▶ Future 3.9
1 est.

The grade of Arcturus Therapeutics Holdings Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.3/10
◀ Past5.730% of the headline
● Present6.240% of the headline
▶ Future3.930% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

3 warning events since 2019; the latest 2025-11-12.

weight 33% of this tense · 44th percentile among 497 sector filers · read for itself

From the record

Arcturus Therapeutics Holdings Inc.'s filings since 2019 show 3 warning events of 2 kinds: an auditor change (8-K item 4.01, the latest 2024-04-05); a late-report notice (Form NT 10-K or NT 10-Q, 2 times, the latest 2025-11-12) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
5.2/10

What has it actually done, year after year?

+26.6% a year over 8 filed years; profitable in 1 of 8.

weight 45% of this tense · 52nd percentile among 323 sector filers · read for its customers

From the record

Arcturus Therapeutics Holdings Inc.'s 8 filed years say what it did: revenue went from $16 million in fiscal 2018 to $82 million in fiscal 2025, up 26.6% a year; it rose in 3 of 7 years; the deepest fall was 60% from fiscal 2022 to fiscal 2025; net income was positive in 1 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span26.6%top 34% of its family
  • the share of years revenue rosebottom 26% of its family
  • the share of filed years with a profittop 35% of its family
  • the deepest fall from a revenue peak60.2%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate
8.7/10

How has it treated the people who own it?

SI estimate 8.7/10, confidence 35 of 100 (one part).

weight 22% of this tense · 87th percentile among 464 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
Read from one part only, the share count over the years, which ranks in the top 13% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read
Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned
one part: the share count over the years, the one part on file, ranked among 464 in its family.
Confidence
35 of 100
What would change it
A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Arcturus Therapeutics Holdings Inc.'s shareholder treatment is put at 8.7 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the top 13% of 464 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

6.2/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.1/10

Is it financially healthy right now?

ROE -31%: lost 31¢ per shareholder dollar. Leverage 21%: owes 21¢ per asset dollar.

weight 45% of this tense · 71st percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Arcturus Therapeutics Holdings Inc. lost about 31 cents for every dollar of shareholders' money. Leverage: it owed about 21 cents per dollar of assets, and net share issuance: its share count grew 1.4% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 34% of its family
  • return on equitytop 35% of its family
  • the share count against the year beforetop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 315 in its family; net margin -80.2%.

weight 33% of this tense · 46th percentile among 315 sector filers · read for its customers

From the record

Arcturus Therapeutics Holdings Inc.'s standing among 315 graded names in its industry family: revenue of $82 million in fiscal 2025 ranks in the top 36% by size; a net margin of -80.2% ranks in the top 45%; revenue growth of -26.4% a year over the last 3 filed years ranks in the bottom 19% (its annual reports).

What it rests on

  • revenue against the family$82.0Mtop 36% of its family
  • net margin-80.2%top 45% of its family
  • three-year revenue growth-26.4%bottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.7/10

What are the people in charge doing?

top 33% of 315 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 67th percentile among 315 sector filers · read for its shareholders

From the record

Arcturus Therapeutics Holdings Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Payne, Joseph E (President and CEO, as filed), filing under that title since 2019-08-30, 7.2 years (top 28% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 6.7 years (top 30%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (top 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge5 in three years among 13 peopletop 41% of its family
  • the median years the people in charge have filed6.7 yearstop 30% of its family
  • the chief executive's years on the record7.2 yearstop 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.9/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.4/10

How much room does it have to grow?

top 36% of 273 in its family for room to expand.

weight 45% of this tense · 64th percentile among 273 sector filers · read for itself

From the record

Arcturus Therapeutics Holdings Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $233 million against no long-term debt tagged leaves 85.9% of its assets as net cash, top 14% of its family; cash from operations less capital spending is -90.8% of revenue (top 49%); research spending of 136.8% of revenue (top 46%) (its annual report).

What it rests on

  • cash less debt against assets85.9%top 14% of its family
  • cash from operations less capital spending against revenue-90.8%top 49% of its family
  • research spending against revenue136.8%top 46% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.7/10

What could actually drive growth from here?

bottom 17% of 306 in its family for growth drivers.

weight 33% of this tense · 17th percentile among 306 sector filers · read for its customers

From the record

Arcturus Therapeutics Holdings Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -26.4% a year over the last three filed years against 26.6% over all 8, slowing (bottom 13% of its family); the newest year grew -46.2% (bottom 17%); research spending grew -8.8% a year (bottom 33%); capital spending grew -69% a year (bottom 7%) (its annual reports). Arcturus Therapeutics Holdings Inc. reported 2 product lines in fiscal 2025: Collaboration Revenue at $67 million (82%), Grant at $15 million (18%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-53.0 points a yearbottom 13% of its family
  • the newest year's revenue growth-46.2%bottom 17% of its family
  • three-year growth of research spending-8.8%bottom 33% of its family
  • three-year growth of capital spending-69.0%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
2.0/10

Did its newest year beat what its own record pointed to?

bottom 20% of 233 in its family for expectations against reality.

weight 22% of this tense · 20th percentile among 233 sector filers · read for its shareholders

From the record

Arcturus Therapeutics Holdings Inc.'s newest year against its own record: revenue of $82 million in fiscal 2025 came in 37.4% below the $131 million its prior three years' pace pointed to (bottom 24% of its family); net income of $66 million against a prior three-year average of $34 million (bottom 15%); a net margin of -80.2% against -22.1% before (bottom 21%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-37.4%bottom 24% of its family
  • net income against the prior three years' average-95%bottom 15% of its family
  • net margin against its prior average-58.1 pointsbottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ARCT · research, not advice