
Arcus Biosciences, Inc.
NYSE•RCUS
CEO: Dr. Terry J. Rosen Ph.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2018-03-15
Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. The company's pipeline products include Domvanalimab, an anti-TIGIT antibody, which is in Phase 2 and Phase 3 clinical trial; and AB308, an investigational anti-TIGIT monoclonal antibody, which is in Phase 1b clinical trial to study people with advanced solid and hematologic malignancies. It also develops Etrumadenant, a dual A2a/A2b adenosine receptor antagonist, which is in Phase 2 clinical trial; Quemliclustat, a small-molecule CD73 inhibitor, which is Phase 1b and Phase 2 clinical trial; Zimberelimab, an anti-PD-1 antibody, which is in Phase 2 clinical trial for metastatic cell lung cancer and monotherapy; and AB521, an oral and small-molecule inhibitor of HIF-2a, which is in Phase 1 clinical trial for the treatment of Von Hippel-Lindau disease. In addition, the company's preclinical pipeline products include AB598, a CD39 antibody; and AB801, a small molecule Axl inhibitor. It has a clinical collaboration with AstraZeneca to evaluate domvanalimab in combination with durvalumab in a registrational phase 3 clinical trial in patients with unresectable Stage 3 NSCLC; 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 headquartered in Hayward, California.
Contact Information
Market Cap
$2.75B
P/E (TTM)
-7.8
0
Dividend Yield
--
52W High
$26.40
52W Low
$6.50
52W Range
Rank51Top 58.4%
3.4
F-Score
Modified Piotroski Analysis
Based on 9-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2024
Financial Dashboard
Q3 2025 Data
Revenue
$26.00M-45.83%
4-Quarter Trend
EPS
-$1.27+25.74%
4-Quarter Trend
FCF
-$97.00M-488.00%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Gilead Collaboration Revenue Dominates License and development services revenue totaled 192M USD, representing 100% of nine-month total revenues for the period.
Major Contract Modification Revenue Recognized 143M USD cumulative catch-up revenue due to Gilead pausing etrumadenant development in Q2 2025.
Strong Liquidity Position Maintained Cash, cash equivalents, and marketable securities totaled 841M USD as of September 30, 2025, supporting operations.
Casdatifan Phase 3 Data Positive PEAK-1 cohort showed 60% 12-month landmark PFS and 35% confirmed overall response rate in kidney cancer.
Risk Factors
Operating Cash Burn Increased Net cash used in operating activities was 362M USD for nine months, reflecting a significant increase in cash burn.
Continued Substantial Operating Losses Incurred 247M USD net loss for nine months; anticipate substantial increasing operating losses for foreseeable future.
Regulatory Approval Uncertainty High Obtaining regulatory approval is expensive, lengthy, and success is not guaranteed for any investigational product.
Reliance on Third Parties Critical Development programs face delays or increased costs if third-party CROs or manufacturing partners fail contractual duties.
Outlook
R&D Expenses Expected Decline Expect R&D expenses to peak in 2025, then decline meaningfully as domvanalimab Phase 3 costs decrease.
Future Funding Requirements Likely Will need additional funding to support continuing operations and pursue long-term development strategy beyond current cash.
Casdatifan Next Steps Monitored Monitoring data from paused eVOLVE-RCC02 study to characterize safety and inform future development steps.
Gilead Option Rights Remain Gilead retains options for several key programs; future development success depends on their exercise decisions.
Peer Comparison
Revenue (TTM)
IMCR$379.59M
RCUS$240.00M
$111.55M
Gross Margin (Latest Quarter)
VRDN100.0%
CLDX100.0%
IMCR99.5%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| RCUS | $2.75B | -7.8 | -69.8% | 10.1% |
| VRDN | $2.60B | -7.6 | -55.1% | 3.7% |
| EWTX | $2.50B | -16.4 | -30.6% | 0.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
0.0%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Next earnings:Feb 24, 2026
EPS:-$1.03
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Oct 28, 2025|Revenue: $26.00M-45.8%|EPS: $-1.27+25.7%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $160.00M+310.3%|EPS: $0.04-104.3%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 6, 2025|Revenue: $28.00M-80.7%|EPS: $-1.14+2356.9%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 25, 2025|Revenue: $258.00M+120.5%|EPS: $-3.14+24.3%BeatForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $48.00M+50.0%|EPS: $-1.01+6.3%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $39.00M+34.5%|EPS: $-1.02+0.0%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 8, 2024|Revenue: $145.00M+480.0%|EPS: $-0.05-95.8%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 21, 2024|Revenue: $117.00M+4.5%|EPS: $-4.15-11.9%Miss