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Arcutis Biotherapeutics Inc(ARQT)
Top performer 
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ARQT
10/08/2026: ARQT (5-star) is a SELL. SELL for 1 day. Simulated Profits (-10.39%). Updated daily EoD!
Arcutis Biotherapeutics is a commercial-stage biotechnology company focused on delivering non-steroidal treatments for dermatological conditions like psoriasis and atopic dermatitis. Its primary strength lies in the successful launch and market adoption of its flagship ZORYVE product line, which provides an alternative to traditional steroid-based therapies. The growth story centers on expanding product indications and increasing insurance coverage to drive revenue. However, investors must monitor risks related to intense competition from larger pharmaceutical incumbents and the company's ongoing need for capital as it scales operations. The stock may best suit growth-oriented investors interested in the biotechnology sector who can tolerate significant market volatility.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Strong fit | The company is in an active commercial ramp-up phase with significant revenue growth potential. |
| Momentum investor | Strong fit while signal remains positive | Momentum may be driven by positive sales data and label expansion news. |
| Value investor | Weak fit | The company is not currently profitable and does not trade on traditional value metrics. |
| Dividend investor | Weak fit | Arcutis does not pay dividends and prioritizes reinvestment. |
| Low-risk investor | Weak fit | Biotechnology stocks are inherently volatile, especially for smaller commercial-stage firms. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | High | Biotech stocks often experience large price swings based on clinical and commercial outcomes. |
| Valuation risk | Medium / high | Expectations for future growth are heavily baked into the current stock price. |
| Competition risk (dermatology incumbents) | High | Large incumbents have vast resources to defend their market share. |
| Business quality | Medium | The company has a solid commercial product but limited historical profitability. |
| Dividend income | Low / none | Investors should not expect income from this investment. |
| Execution risk | Medium / high | Successful commercialization depends on sustained physician and patient uptake. |
Price Behavior
Rolling Over
The price momentum is slowing down and beginning to turn downward.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 331.51% | Avg. Invested days 40 | Today’s Advisory SELL |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  5.0 |
| Profits based on simulation | Last Close 10/08/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 3.04B USD | Price to earnings Ratio 109.86 | 1Y Target Price 37 |
Price to earnings Ratio 109.86 | 1Y Target Price 37 | ||
Volume (30-day avg) 3.0M shares | Beta 1.58 | 52 Weeks Range 19.30 - 31.77 | Updated Date 10/08/2026 |
52 Weeks Range 19.30 - 31.77 | Updated Date 10/08/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.22 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Dermatological Pharmaceuticals | Commercial sales of ZORYVE foam and cream for psoriasis, seborrheic dermatitis, and atopic dermatitis. | The company makes money by selling advanced topical skin medications to patients via dermatologists. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 109.86 | Forward PE 26.39 | Enterprise Value 3.19B | Price to Sales(TTM) 6.55 |
Enterprise Value 3.19B | Price to Sales(TTM) 6.55 | ||
Enterprise Value to Revenue 6.87 | Enterprise Value to EBITDA 70.25 | Shares Outstanding 125.69M | Shares Floating 93.82M |
Shares Outstanding 125.69M | Shares Floating 93.82M | ||
Percent Insiders 1.77 | Percent Institutions 108.73 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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