Arcus Biosciences, Inc. logo

Arcus Biosciences, Inc.

RCUS

NYSEHealthcareBiotechnology

Regular session

$29.71

−$0.63 · -2.08%

Aug 24, 10:09 AM ET

RCUS company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

24

Expensive

Momentum

59

Neutral

Sentiment

65

Bullish

Risk resilience

57

Elevated Risk

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Company profile

Company website

Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. The company’s development product portfolio includes Casdatifan, a HIF-2a inhibitor for the treatment of kidney cancer; Domvanalimab, an anti-TIGIT antibody, which is in Phase 2 and Phase 3 clinical trial for lung and gastrointestinal cancers; and Zimberelimab, an anti-PD-1 antibody. It also develops Quemliclustat, a small molecule inhibitor that targets the CD73 enzyme in the ATP-adenosine pathway, which is in phase 3 and phase 1/1b clinical trial for lung and pancreatic cancer. In addition, the company develops AB598, a CD39 antibody, which is in phase 1/1b clinical study for gastrointestinal cancer and AB801, an AXL inhibitor, which is in Phase 1b clinical trial for lung cancer. It has clinical collaboration with AstraZeneca for the Phase 3 PACIFIC-8 trial evaluating domvanalimab and durvalumab in Stage 3 NSCLC and for a Phase 1/1b study evaluating casdatifan and volrustomig in IO-naive patients with ccRCC and BVF Partners L.P. to support the discovery and development of compounds for the treatment of inflammatory diseases. Arcus Biosciences, Inc. was incorporated in 2015 and is based in Hayward, California.

Industry
Biotechnology
Sector
Healthcare
Headquarters
US
CEO
Terry J. Rosen
Listed since
Mar 14, 2018
Employees
601

Market position

Day range

Current $29.71

52-week range

Current $29.71

Open
$30.01
Previous close
$30.34
Volume
269.24K
0.21× average
Average volume
1.28M
Average daily volume
Market cap
3.74B USD
Beta
0.81
Market reference 1
50-day average
$28.3268
+4.88% above average
200-day average
$24.10
+23.28% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.45B USD
EV / EBITDA
-7.31×
Earnings yield
-13.79%
Free cash flow yield
-18.91%

Profitability & efficiency

Return on equity
-55.94%
Return on assets
-30.99%
Return on invested capital
-41.91%

Financial health

Current ratio
4.36×
Altman Z-score
1.71
Piotroski F-score
0 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends139%-17%-173%-330%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: 100.00%Gross margin, FY2025: 95.95%Operating margin, FY2021: 14.10%Operating margin, FY2022: -250.00%Operating margin, FY2023: -290.60%Operating margin, FY2024: -127.91%Operating margin, FY2025: -156.28%Net margin, FY2021: 13.84%Net margin, FY2022: -238.39%Net margin, FY2023: -262.39%Net margin, FY2024: -109.69%Net margin, FY2025: -142.91%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 100.00%. Gross margin FY2025 95.95%. Operating margin FY2021 14.10%. Operating margin FY2022 -250.00%. Operating margin FY2023 -290.60%. Operating margin FY2024 -127.91%. Operating margin FY2025 -156.28%. Net margin FY2021 13.84%. Net margin FY2022 -238.39%. Net margin FY2023 -262.39%. Net margin FY2024 -109.69%. Net margin FY2025 -142.91%.

Income trends

Revenue

247M USD-4.26%

Operating income

−386M USD-16.97%

Net income

−353M USD-24.73%
Income trends across reported periods459.9M USD152.3M USD−155.3M USD−462.9M USDRevenue, FY2021: 383M USDRevenue, FY2022: 112M USDRevenue, FY2023: 117M USDRevenue, FY2024: 258M USDRevenue, FY2025: 247M USDOperating income, FY2021: 54M USDOperating income, FY2022: −280M USDOperating income, FY2023: −340M USDOperating income, FY2024: −330M USDOperating income, FY2025: −386M USDNet income, FY2021: 53M USDNet income, FY2022: −267M USDNet income, FY2023: −307M USDNet income, FY2024: −283M USDNet income, FY2025: −353M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 383M USD. Revenue FY2022 112M USD. Revenue FY2023 117M USD. Revenue FY2024 258M USD. Revenue FY2025 247M USD. Operating income FY2021 54M USD. Operating income FY2022 −280M USD. Operating income FY2023 −340M USD. Operating income FY2024 −330M USD. Operating income FY2025 −386M USD. Net income FY2021 53M USD. Net income FY2022 −267M USD. Net income FY2023 −307M USD. Net income FY2024 −283M USD. Net income FY2025 −353M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue247M USD258M USD117M USD112M USD383M USD
Cost of goods sold10M USD
Gross profit237M USD258M USD117M USD112M USD383M USD
Research and development523M USD448M USD340M USD288M USD257M USD
Selling, general, and administrative110M USD120M USD117M USD104M USD72M USD
Operating expenses623M USD588M USD457M USD392M USD329M USD
Interest income41M USD52M USD41M USD16M USD1M USD
Interest expense8M USD4M USD2M USD2M USD
Depreciation and amortization10M USD10M USD8M USD6M USD4M USD
Operating income−386M USD−330M USD−340M USD−280M USD54M USD
Net income−353M USD−283M USD−307M USD−267M USD53M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
73%
8 beats, 2 misses, 1 met estimate
Average EPS surprise
+20.78%
11 comparable reports
Latest EPS result
-0.72
Estimate -0.89 · Beat by 19.21%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.06-0.52-0.97-1.43Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual -1.03, estimate -1.17, surprise +11.97%, Beat. Q2 2025, reported May 6, 2025: actual -1.14, estimate -1.02, surprise -11.76%, Miss. Q3 2025, reported Aug 6, 2025: actual -0.075, estimate -1.14, surprise +93.41%, Beat. Q4 2025, reported Oct 28, 2025: actual -1.27, estimate -1.33, surprise +4.51%, Beat. Q1 2026, reported Feb 25, 2026: actual -0.89, estimate -1.11, surprise +19.82%, Beat. Q2 2026, reported May 5, 2026: actual -1.02, estimate -0.92, surprise -10.87%, Miss. Q3 2026, reported Aug 5, 2026: actual -0.72, estimate -0.891, surprise +19.21%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate -0.92, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates171.84M117.97M64.1M10.23MQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 26M USD, estimate 29.38M USD, surprise -11.49%, Miss. Q2 2025, reported May 6, 2025: actual 28M USD, estimate 37.36M USD, surprise -25.05%, Miss. Q3 2025, reported Aug 6, 2025: actual 160M USD, estimate 32.48M USD, surprise +392.58%, Beat. Q4 2025, reported Oct 28, 2025: actual 26M USD, estimate 24.94M USD, surprise +4.26%, Beat. Q1 2026, reported Feb 25, 2026: actual 33M USD, estimate 35.71M USD, surprise -7.59%, Miss. Q2 2026, reported May 5, 2026: actual 17M USD, estimate 29.48M USD, surprise -42.34%, Miss. Q3 2026, reported Aug 5, 2026: actual 41M USD, estimate 21.98M USD, surprise +86.52%, Beat. Q4 2026, reported Oct 27, 2026: actual —, estimate 12.03M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$39.17

31.84% upside
Past 12 months12-month forecast

Price history unavailable

High $47.00Average $39.17Low $23.00

Rating distribution

18 ratings
Strong buy00%
Buy1583%
Hold317%
Sell00%
Strong sell00%

Recent analyst actions

12 institutions
Leerink PartnersmaintainOutperform

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