ARQT

Arcutis Biotherapeutics, Inc.
NasdaqGSUSDEQUITY Healthcare DELAYED
Last price
24.07
▼ 1.08 (4.29%)
MARKET · —

Price

1D — H — L — Range — Vol —
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
25.04
Prev close
25.15
Day high
25.37
Day low
23.89
Volume
2.57M
Market cap
$3.01B
P/E (TTM)
113.90
52W range
19.30 – 31.77

Day trading desk

Current session · delayed
Gap from prior close
-0.44%
Prior close 25.15
VWAP
24.06
+0.02% from price
Relative volume
2.01×
Unusually busy
Session range
6.72%
23.89 – 25.49
Position in range
12%
Near session low
ATR (14D)
1.38
5.72% of price
Prior day high
25.39
PDH
Prior day low
24.69
PDL
Bid / ask spread
—
Quote not published
Session volume
4.45M
Avg 2.21M

VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.

Trailing performance

Price return · vs SPY
Returnvs SPY
1W
-10.58% -12.5%
1M
+0.08% -1.1%
3M
-16.07% -20.6%
6M
+2.79% -15.4%
YTD
-17.63% -31.9%
1Y
+20.08% +3.7%
3Y
+350.47% +268.2%
5Y
— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Unusual options activity

Account required
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
Free account required

Contracts trading at or above their open interest, ranked by notional and where the print landed.

Free account

5 more panels on ARQT open with an account.

Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.

Insider net activity

6m · Form 4 rollup
Net shares
+3.56K
Net buying
Buy transactions
16
121.19K shares
Sell transactions
20
117.64K shares
Net transactions
+36
Buys less sells
Sell : buy shares
1.0 : 1
Mixed
Insider-held shares
2.22M
Total on file
Bought 121.19KSold 117.64K

Insider transactions

Account required
DateInsiderAction SharesValueHeld
Sep 15, 26
WELGUS HOWARD G
Director
CONVERSION 4.10K $32.48K Direct
Sep 15, 26
WELGUS HOWARD G
Director
SELL 4.73K $114.37K Direct
Sep 8, 26
MATSUDA MASARU
Officer
SELL 9.99K $249.99K Direct
Aug 27, 26
CURRAN TERRIE
Director
CONVERSION 38.20K $317.18K Direct
Aug 27, 26
CURRAN TERRIE
Director
SELL 38.20K $956.12K Direct
Aug 20, 26
CURRAN TERRIE
Director
CONVERSION 1.07K $8.05K Direct
Aug 20, 26
CURRAN TERRIE
Director
SELL 1.07K $27.91K Direct
Aug 19, 26
BURNETT PATRICK
Officer
SELL 1.70K $45.82K Direct
Aug 17, 26
WELGUS HOWARD G
Director
CONVERSION 4.10K $32.48K Direct
Aug 17, 26
WELGUS HOWARD G
Director
SELL 4.73K $123.83K Direct
Aug 12, 26
BURNETT PATRICK
Officer
CONVERSION 15.00K $54.60K Direct
Aug 12, 26
BURNETT PATRICK
Officer
SELL 15.00K $394.90K Direct
Aug 3, 26
BURNETT PATRICK
Officer
SELL 955 $24.94K Direct
Aug 3, 26
MATSUDA MASARU
Officer
SELL 1.23K $32.12K Direct
What this is, and what it is not

These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.

A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.

This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.

Free account required

Officer and director trades in their own stock, straight from Form 4 filings.

Insider holders

10 reporting
NameRelationShares heldLatest
BURNETT PATRICK
Officer 117.59K Sale
CHAUDHURI BHASKAR
Director 917.81K Stock Award(Grant)
EDWARDS LARRY TODD
Officer 175.18K Sale
HERON PATRICK J
Director 8.87M Stock Award(Grant)
MATSUDA MASARU
Officer 116.18K Sale
PEETZ CHRISTOPHER
Director 191.81K Stock Award(Grant)
TOPPER DAVID JOSEPH
Chief Financial Officer 182.77K Sale
VAIRAVAN LATHA
Chief Financial Officer 85.98K Sale
WATANABE TODD FRANKLIN
Chief Executive Officer 950.34K Sale
WELGUS HOWARD G
Director 35.84K Conversion of Exercise of derivative security

Fundamentals

TTM · reported
Market cap$3.01B
Enterprise value$2.88B
Revenue (TTM)$463.98M
Gross profit$422.88M
EBITDA$36.50M
Net income$28.52M
EPS (TTM)$0.21
Free cash flow$21.69M
Total cash$238.55M
Total debt$114.14M
Book value / share$1.76
Shares outstanding125.69M
Float93.82M
Short % of float15.66%
Dividend yield0.00%
Beta (5Y)1.58

Valuation & profitability ratios

Account required
Trailing P/E113.90
Forward P/E17.59
PEG ratio—
Price / sales—
Price / book13.62
EV / revenue6.21
EV / EBITDA78.96
Gross margin91.14%
Operating margin12.65%
Profit margin6.15%
Return on equity15.86%
Return on assets5.09%
Debt / equity51.74
Current ratio2.92
Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

Financial statements

As reported · 4 years · 6 quarters
Blank means not reported, not zero
Line item2025202420232022YoY
Total revenue $376.07M$196.54M$59.61M$3.69M +91.3%
Operating revenue $372.07M$166.54M$29.19M$3.69M +123.4%
Cost of revenue $36.70M$19.13M$4.99M$754.00K +91.8%
Gross profit $339.38M$177.41M$54.62M$2.93M +91.3%
Research & development $77.05M$76.42M$110.58M$182.44M +0.8%
Selling, general & admin $274.55M$229.39M$185.15M$122.12M +19.7%
Total operating expense $351.60M$305.81M$295.72M$304.56M +15.0%
Operating income -$12.23M-$128.40M-$241.10M-$301.63M +90.5%
Net interest income -$3.19M-$11.04M-$17.20M-$15.65M +71.1%
Pre-tax income -$14.97M-$139.39M-$259.03M-$311.46M +89.3%
Tax provision $1.17M$647.00K$3.11M$0 +81.0%
Net income -$16.14M-$140.04M-$262.14M-$311.46M +88.5%
Net income to common -$16.14M-$140.04M-$262.14M-$311.46M +88.5%
Basic EPS -0.13-1.16-3.78-5.66 +88.8%
Diluted EPS -0.13-1.16-3.78-5.66 +88.8%
EBIT -$2.89M-$112.22M-$229.31M-$295.81M +97.4%
EBITDA $1.78M-$110.27M-$228.56M-$294.87M +101.6%
Basic shares 127.23M120.96M69.31M55.03M +5.2%
Diluted shares 127.23M120.96M69.31M55.03M +5.2%

Options analytics

Account required
Put / call volume
1.08
Put-heavy session
Put / call open interest
0.06
Positioning, not flow
Max pain
27.50
+15.0% from spot
ATM implied vol
88.3%
Nearest strike to spot
Skew (10% OTM)
+55.1%
Puts bid over calls
Call volume
50
Contracts, this expiry
Put volume
54
Contracts, this expiry
Heaviest call OI
27.50
4.36K contracts
Heaviest put OI
27.50
233 contracts

Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.

Free account required

Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.

Earnings

History & consensus estimates
Reported vs expected · EPS
QuarterEst.ActualSurprise
Jun 2026 0.050.11 +120.0%
Mar 2026 -0.06-0.09 -55.2%
Dec 2025 0.090.13 +46.8%
Sep 2025 -0.090.06 +163.6%
Forward consensus
PeriodEPSAnalystsRevenueGrowth
Current quarter 0.17 5 $141.69M +42.8%
Next quarter 0.23 5 $160.15M +23.7%
Current year 0.43 5 $537.34M +42.9%
Next year 1.36 5 $686.92M +27.8%

Analyst targets & ownership

Account required
Mean target$37.00
High target$40.00
Low target$34.00
Implied upside53.72%
Analyst count7
ConsensusNONE
Strong buy / Buy2 / 4
Hold1
Sell / Strong sell0 / 0
Held by insiders1.77%
Held by institutions108.73%
Institutions holding387
Free account required

Price targets, consensus spread, insider and institutional ownership.

Moving averages & technicals

Computed from 2Y daily closes
SMA 10
25.96
-7.28% from price
SMA 20
25.51
-6.23% from price
SMA 50
25.57
-6.46% from price
SMA 100
25.17
-4.37% from price
SMA 200
25.17
-4.96% from price
EMA 12
25.53
-5.71% from price
EMA 26
25.52
-5.69% from price
EMA 50
25.51
-5.63% from price
RSI (14)
40.5
Neutral
MACD (12,26,9)
0.01
Hist -0.19
ATR (14)
1.38
5.76% of price
Realised vol 30D
52.2%
Annualised
Bollinger upper
28.12
20, 2σ
Bollinger lower
22.90
20, 2σ
50 / 200 cross
Golden
25.57 vs 25.17
Trend bias
Below 200
-4.96%

Options chain

Account required
Expiry
Spot 24.07
Calls
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Puts
StrikeLastBidAskVolOIIV
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
000.000.000.000.00000.0%
Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

Risk profile

Daily returns · 1Y window
Beta vs SPY
1.06
More volatile than market
Correlation to SPY
0.24
Largely independent
Realised vol 30D
52.2%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-37.5%
Peak to trough
Max drawdown 5Y
-93.2%
Peak to trough
ATR 14
1.38
5.76% of price
Beta (reported)
1.58
5Y monthly, from filing

Short interest

Semi-monthly exchange report · lags by ~2 weeks
Shares short
18.46M
Prior 14.72M
Change vs prior
+25.4%
Shorts adding
% of float
15.66%
Elevated
% of shares out
14.69%
Against total outstanding
Days to cover
9.3
Crowded exit
Float
93.82M
Freely tradeable shares

Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.

Rating changes

90 on file
DateFirm ActionFromTo
Aug 6, 26 Morgan Stanley MAINTAINED Overweight Overweight
Aug 6, 26 Guggenheim MAINTAINED Buy Buy
Aug 6, 26 Needham MAINTAINED Buy Buy
May 7, 26 Needham MAINTAINED Buy Buy
Mar 2, 26 Mizuho MAINTAINED Outperform Outperform
Feb 27, 26 Guggenheim MAINTAINED Buy Buy
Feb 26, 26 TD Cowen MAINTAINED Buy Buy
Feb 26, 26 HC Wainwright & Co. MAINTAINED Buy Buy
Feb 26, 26 Needham MAINTAINED Buy Buy
Jan 26, 26 Needham MAINTAINED Buy Buy
Nov 28, 25 Mizuho MAINTAINED Outperform Outperform
Oct 30, 25 Goldman Sachs MAINTAINED Neutral Neutral

Dividends & splits

Declared · from the issuer
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—

PRIVATE STRATEGY · BY QUALIFICATION

The same data. A different seat.

The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.