Arcutis Biotherapeutics Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
ARQT$26.20+2.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In thousands, except share and par value)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $71,335 | $88,398 |
| Restricted cash | 617 | 925 |
| Marketable securities | 156,620 | 183,463 |
| Trade receivables, net | 73,066 | 25,807 |
| Inventory | 14,526 | 13,134 |
| Prepaid expenses and other current assets | 19,656 | 18,704 |
| Total current assets | 335,820 | 330,431 |
| Property and equipment, net | 1,041 | 1,539 |
| Intangible assets, net | 9,479 | 6,438 |
| Operating lease right-of-use asset | 1,953 | 2,361 |
| Other assets | 596 | 596 |
| Total assets | $348,889 | $341,365 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $14,220 | $11,992 |
| Accrued liabilities | 65,973 | 33,941 |
| Operating lease liability | 820 | 735 |
| Total current liabilities | 81,013 | 46,668 |
| Operating lease liability, noncurrent | 2,562 | 3,382 |
| Long-term debt, net | 107,203 | 201,799 |
| Other long-term liabilities | 570 | 849 |
| Total liabilities | 191,348 | 252,698 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.0001 par value; 10,000,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.0001 par value; 300,000,000 shares authorized; 117,848,033 and 96,787,343 shares issued and outstanding at December 31, 2024 and 2023, respectively | 12 | 9 |
| Additional paid-in capital | 1,279,479 | 1,070,558 |
| Accumulated other comprehensive income (loss) | (7) | 4 |
| Accumulated deficit | (1,121,943) | (981,904) |
| Total stockholders’ equity | 157,541 | 88,667 |
| Total liabilities and stockholders’ equity | $348,889 | $341,365 |
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