10-Q quarterly report · filed Nov 4, 2025

Tarsus Pharmaceuticals, Inc. (TARS) Q3 2025 10-Q Quarterly Report

Short answer

Tarsus Pharmaceuticals, Inc. (TARS) filed its Q3 2025 10-Q quarterly report on Nov 4, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $119M (up 146.7% year over year) with net income of −$13M.

Q3 2025 key financials · XBRL

Revenue
$119M
+146.7% YoY · +15.6% QoQ
Net income
−$13M
+46.3% YoY · +38.1% QoQ
Operating margin
-12.2%
EPS (diluted)
−$0.29
+50.8% YoY · +38.3% QoQ

Source: XBRL data from the Tarsus Pharmaceuticals, Inc. (TARS) Q3 2025 10-Q on SEC EDGAR. USD.

Tarsus Pharmaceuticals, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New cybersecurity risk: increased threat from geopolitical tensions, including Russia-Ukraine conflict and Middle East unrest potentially disrupting IT systems
  • Most updated risk: net loss narrowed to $12.6M Q3 2025 vs $23.4M Q3 2024, deficit grew to $418.3M as of Sept 30, 2025 reflecting ongoing operating losses
  • Most impactful legal risk: potential significant product liability claims on XDEMVY with possibly inadequate insurance coverage for substantial liabilities
  • Near-term operational risk: reliance on third-party CROs and CMOs critical; failure or delay in vendor services could extend clinical trials or delay commercialization
  • Financial risk: exposure to inflation and geopolitical inflation pressure increasing operating expenses and impacting supply chain and distributor financial health

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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