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TARS — Tarsus Pharmaceuticals Inc.

TARS (Tarsus Pharmaceuticals Inc.) stock: $77.28, $3.62B market cap, $449.7M cash, $3.24B EV, $3.98B fully diluted market cap. Next expected readout: Dec-26. Lead program: lotilaner (Ocular Rosacea), Phase 2. Data from Fully Diluted's biotech stocks database.

Share price
$77.28
Market cap
$3,616.1M
Cash
$449.7M
Enterprise value
$3,239.2M

Balance sheet

Cash$449.7M
Debt$72.8M
Net cash$376.9M
Enterprise value$3,239.2M
Basic shares43.3M shares
Fully diluted shares51.5M shares
Fully diluted market cap$3,979.0M
Cash per share$10.39

Cash figures as of 2026-06-30. Database snapshot: 2026-09-22.

Price history

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Upcoming catalysts

ExpectedDrugPhaseIndicationMgmt guide
Feb 11 - Mar 25lotilanerPhase 2Ocular Rosacea
Nov 12 - Dec 24TP-05 (lotilaner) Low DosePhase 2Lyme Disease

Estimated readout windows: registry primary-completion date + 6-12 weeks. Windows already open are shown from "Now". Drug names link to ClinicalTrials.gov.

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