Company Analysis

Tarsus Pharmaceuticals, Inc. (TARS)

Nasdaq: TARS · Biological Products, (No Diagnostic Substances) · Irvine, CA · filing with the SEC since 2020
Grade6.3
◀ Past 5.6● Present 7.0▶ Future 6.0
1 est.

The grade of Tarsus Pharmaceuticals, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past5.630% of the headline
● Present7.040% of the headline
▶ Future6.030% 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?

5.6/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed
8.0/10

Has it survived what it has been through?

No warning events in its filings since 2020.

weight 33% of this tense · 80th percentile among 159 sector filers · read for itself

From the record

Tarsus Pharmaceuticals, Inc.'s filings since 2020 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

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

Track record

as filed
4.2/10

What has it actually done, year after year?

6 filed years; profitable in 0 of 6.

weight 45% of this tense · 42nd percentile among 102 sector filers · read for its customers

From the record

Tarsus Pharmaceuticals, Inc.'s 6 filed years say what it did: it rose in 2 of 4 years; the deepest fall was 69% from fiscal 2021 to fiscal 2023; net income was positive in 0 of 6 of those years (its annual reports).

What it rests on

  • the share of years revenue rosebottom 42% of its family
  • the share of filed years with a profitbottom 31% of its family
  • the deepest fall from a revenue peak69.4%top 47% of its family

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

Shareholder treatment

SI estimate
4.8/10

How has it treated the people who own it?

SI estimate 4.8/10, confidence 35 of 100 (one part).

weight 22% of this tense · 48th percentile among 146 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 bottom 48% of 146 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 146 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: Tarsus Pharmaceuticals, Inc.'s shareholder treatment is put at 4.8 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 bottom 48% of 146 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?

7.0/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
6.3/10

Is it financially healthy right now?

ROE -19%: lost 19¢ per shareholder dollar. Leverage 39%: owes 39¢ per asset dollar.

weight 45% of this tense · 63rd percentile among 147 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Tarsus Pharmaceuticals, Inc. lost about 19 cents for every dollar of shareholders' money. Leverage: it owed about 39 cents per dollar of assets, and net share issuance: its share count grew 11.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 49% of its family
  • return on equitytop 22% of its family
  • the share count against the year beforetop 38% of its family

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

Industry position

as filed
8.3/10

How strong is its position in its industry?

top 17% of 102 in its family; net margin -14.7%.

weight 33% of this tense · 83rd percentile among 102 sector filers · read for its customers

From the record

Tarsus Pharmaceuticals, Inc.'s standing among 102 graded names in its industry family: revenue of $451 million in fiscal 2025 ranks in the top 14% by size; a net margin of -14.7% ranks in the top 26%; revenue growth of 159.5% a year over the last 3 filed years ranks in the top 9% (its annual reports).

What it rests on

  • revenue against the family$451Mtop 14% of its family
  • net margin-14.7%top 26% of its family
  • three-year revenue growth159.5%top 9% of its family

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

Leadership

as filed
6.6/10

What are the people in charge doing?

top 34% of 110 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 66th percentile among 110 sector filers · read for its shareholders

From the record

Tarsus Pharmaceuticals, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Azamian, Bobak R. (President/CEO and Board Chair, as filed), filing under that title since 2020-10-15, 6.1 years (top 34% of its family); the 15 officers and directors filing in the last fifteen months have been on the record a median of 5.8 years (top 37%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 15 people in charge now (top 30%; 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 15 peopletop 30% of its family
  • the median years the people in charge have filed5.8 yearstop 37% of its family
  • the chief executive's years on the record6.1 yearstop 34% 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?

6.0/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.3/10

How much room does it have to grow?

bottom 43% of 92 in its family for room to expand.

weight 45% of this tense · 43rd percentile among 92 sector filers · read for itself

From the record

Tarsus Pharmaceuticals, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $186 million against debt of $72 million leaves 20.2% of its assets as net cash, bottom 38% of its family; cash from operations less capital spending is -4.9% of revenue (top 20%); research spending of 14.3% of revenue (bottom 9%) (its annual report).

What it rests on

  • cash less debt against assets20.2%bottom 38% of its family
  • cash from operations less capital spending against revenue-4.9%top 20% of its family
  • research spending against revenue14.3%bottom 9% of its family

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

Growth drivers

as filed
8.6/10

What could actually drive growth from here?

top 14% of 100 in its family for growth drivers.

weight 33% of this tense · 86th percentile among 100 sector filers · read for its customers

From the record

Tarsus Pharmaceuticals, Inc.'s growth drivers, from the filed years to fiscal 2025: the newest year grew 146.9% (top 16%); research spending grew 14.7% a year (top 25%); capital spending grew 169% a year (top 2%) (its annual reports). Tarsus Pharmaceuticals, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • the newest year's revenue growth146.9%top 16% of its family
  • three-year growth of research spending14.7%top 25% of its family
  • three-year growth of capital spending169.0%top 2% 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
5.6/10

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

top 44% of 72 in its family for expectations against reality.

weight 22% of this tense · 56th percentile among 72 sector filers · read for its shareholders

From the record

Tarsus Pharmaceuticals, Inc.'s newest year against its own record: revenue of $451 million in fiscal 2025 came in 7.3% below the $487 million its prior three years' pace pointed to (bottom 33% of its family); net income of $66 million against a prior three-year average of $105 million (top 33%); a net margin of -14.7% against losses larger than its revenue before (top 31%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-7.3%bottom 33% of its family
  • net income against the prior three years' average+36%top 33% of its family
  • net margin against its prior averageup more than 100 pointstop 31% 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 TARS · research, not advice