logo
Twitter
Discord
Email
logo
Arcus Biosciences, Inc.

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
3928 Point Eden Way, Hayward, CA, 94545, United States
510-694-6200
www.arcusbio.com
Market Cap
$2.75B
P/E (TTM)
-7.8
0
Dividend Yield
--
52W High
$26.40
52W Low
$6.50
52W Range
95%
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)

Immunocore Holdings plcIMCR
$379.59M
+27.8%
Arcus Biosciences, Inc.RCUS
$240.00M
-8.7%
Syndax Pharmaceuticals, Inc.SNDX
$111.55M
+574.6%

Gross Margin (Latest Quarter)

Viridian Therapeutics, Inc.VRDN
100.0%
+8043.1pp
Celldex Therapeutics, Inc.CLDX
100.0%
+31.9pp
Immunocore Holdings plcIMCR
99.5%
+0.1pp

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%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $160.00M+310.3%
    |
    EPS: $0.04-104.3%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 6, 2025|
    Revenue: $28.00M-80.7%
    |
    EPS: $-1.14+2356.9%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 25, 2025|
    Revenue: $258.00M+120.5%
    |
    EPS: $-3.14+24.3%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $48.00M+50.0%
    |
    EPS: $-1.01+6.3%
    Beat
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 8, 2024|
    Revenue: $39.00M+34.5%
    |
    EPS: $-1.02+0.0%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $145.00M+480.0%
    |
    EPS: $-0.05-95.8%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 21, 2024|
    Revenue: $117.00M+4.5%
    |
    EPS: $-4.15-11.9%
    Miss