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Tarsus Pharmaceuticals, Inc.

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Tarsus Pharmaceuticals, Inc.

TARS·NASDAQ·Life Sciences·CIK 0001819790

The company is a commercial-stage biopharmaceutical company focused on developing and commercializing therapeutics, primarily in eye care. In August 2023, the company launched XDEMVY® (lotilaner ophthalmic solution) 0.25%, previously known as TP-03, for treating Demodex blepharitis, following U.S. Food and Drug Administration (FDA) approval in July 2023. Demodex blepharitis is an eyelid inflammation caused by Demodex mite infestation, characterized by redness, ocular irritation, and eyelash dandruff called collarettes. This condition can lead to corneal damage and, in extreme cases, blindness. Approximately 25 million people in the U.S. may suffer from Demodex blepharitis. XDEMVY is the first and only FDA-approved therapeutic for this condition, targeting and eradicating Demodex mite infestation. Its active pharmaceutical ingredient, lotilaner, paralyzes and eradicates mites and other parasites by inhibiting parasite-specific gamma-aminobutyric acid-gated chloride (GABA-Cl) channels, without inhibiting human GABA-Cl. The company has completed seven clinical trials for XDEMVY in Demodex blepharitis, including a Phase 3 trial (Saturn-2), a Phase 2b/3 trial (Saturn-1), four Phase 2 trials, and a Phase 1 trial (Hyperion), all of which met their primary, secondary, and/or certain exploratory endpoints. Additionally, clinical trials in Demodex blepharitis patients with Meibomian Gland Disease (MGD) have been completed, including a Phase 2a clinical trial (Ersa) and a pilot clinical trial (Rhea) involving an XDEMVY vehicle. The company plans to advance its pipeline using the lotilaner API to address various diseases in human medicine, including eye care and infectious disease prevention.

Tarsus Pharmaceuticals, Inc. (NASDAQ:TARS) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 16 items for TARS at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-09-10, rated 8/10. Across its 16 most recent items scored 7 or higher, the top rating is 9/10, with 15 rated 8 or above. Recent SEC coverage for TARS spans 8-K, 10-Q, 10-K.

Recent high-impact activity:

  • Tarsus Closes $450M Alkeus Acquisition, Adds Phase 3 Stargardt Asset
  • Tarsus Q2 2026: XDEMVY Sales Surge 69% to $174M, Operating Cash Flow Turns Positive, and $125M PIPE Priced at $56
  • Tarsus Q2 Smashes Estimates, Raises Guidance, and Announces Alkeus Acquisition and $125M Placement
  • Tarsus Secures $125M PIPE at $56.00, a Slim 3.7% Discount, with Backing from Alkeus Investors
  • Tarsus to Acquire Alkeus for $450M Upfront, Adding Phase 3 Stargardt Asset

Financial Snapshot

Fiscal year ended December 31, 2025
Revenue
$451.36M
Net Income
-$66.42M
Diluted EPS
-$1.59
Op. Cash Flow
-$12.45M
Free Cash Flow
-$22.31M
Operating Income
-$70.97M
Cash & Equivalents
$183.64M
Total Debt
$72.44M
Debt / Equity
0.21×
Net Margin
-14.7%
Shares Outstanding
42.55M sh
Source: 10-K · filed 2026-02-23 · accession 0001819790-26-000019

Dilution Risk

Low risk

Filing-implied dilution signals for TARS, detected from its recent SEC filings · based on capital-structure filings through 2026-08-06.

$125M PIPE Priced at $56.00 · Strategic Investor Participation

⚠ A more recent filing has been published for this ticker since this signal was computed; it may not yet be reflected — see the filings below.

A filing-implied signal, not a realized share count. How Wiseek tracks dilution →

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$79.31
52-week range · as of 2026-09-10 $48.2 – $91.53
Market cap
$3.48B
Volume
490.8K (0.6× avg)
3-mo avg 791.6K
Live data · 2026-09-13 12:42 UTC · Market closed

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feed TARS - Latest Insights

TARS
Sep 10, 2026, 4:05 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $81.12
Real-time Price: $79.31 info
Change: -$1.81 (-2%) info
Market Cap: $3.48B info
TARS
Aug 06, 2026, 7:25 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $58.27
Real-time Price: $79.31 info
Change: +$21.04 (+36%) info
Market Cap: $3.48B info
TARS
Aug 06, 2026, 7:23 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $58.27
Real-time Price: $79.31 info
Change: +$21.04 (+36%) info
Market Cap: $3.48B info
TARS
Aug 06, 2026, 7:11 AM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $58.13
Real-time Price: $79.31 info
Change: +$21.18 (+36%) info
Market Cap: $3.48B info
TARS
Aug 06, 2026, 7:08 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $58.50
Real-time Price: $79.31 info
Change: +$20.81 (+36%) info
Market Cap: $3.48B info
TARS
Aug 06, 2026, 7:03 AM EDT
Source: GlobeNewswire
Importance Score:
9
Price at Filing: $58.56
Real-time Price: $79.31 info
Change: +$20.75 (+35%) info
Market Cap: $3.48B info
TARS
Jul 08, 2026, 4:13 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $67.73
Real-time Price: $79.31 info
Change: +$11.58 (+17%) info
Market Cap: $3.48B info
TARS
Jul 08, 2026, 4:08 PM EDT
Source: Dow Jones Newswires
Importance Score:
9
Price at Filing: $67.73
Real-time Price: $79.31 info
Change: +$11.58 (+17%) info
Market Cap: $3.48B info
TARS
May 06, 2026, 4:10 PM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $63.68
Real-time Price: $79.31 info
Change: +$15.63 (+25%) info
Market Cap: $3.48B info
TARS
May 06, 2026, 4:07 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $61.50
Real-time Price: $79.31 info
Change: +$17.81 (+29%) info
Market Cap: $3.48B info
TARS
Mar 31, 2026, 8:30 AM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $66.92
Real-time Price: $79.31 info
Change: +$12.39 (+19%) info
Market Cap: $3.48B info
TARS
Mar 23, 2026, 8:30 AM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $64.49
Real-time Price: $79.31 info
Change: +$14.82 (+23%) info
Market Cap: $3.48B info
TARS
Feb 23, 2026, 4:11 PM EST
Filing Type: 10-K
Importance Score:
8
Price at Filing: $69.18
Real-time Price: $79.31 info
Change: +$10.13 (+15%) info
Market Cap: $3.48B info
TARS
Feb 23, 2026, 4:07 PM EST
Filing Type: 8-K
Importance Score:
9
Price at Filing: $69.18
Real-time Price: $79.31 info
Change: +$10.13 (+15%) info
Market Cap: $3.48B info
TARS
Feb 18, 2026, 8:32 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $62.78
Real-time Price: $79.31 info
Change: +$16.53 (+26%) info
Market Cap: $3.48B info
TARS
Jan 12, 2026, 8:41 AM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $76.02
Real-time Price: $79.31 info
Change: +$3.29 (+4%) info
Market Cap: $3.48B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets