ARQT (Arcutis Biotherapeutics) Total Operating Expense: $388.6 Mil (TTM As of Jun. 2026)

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ARQT Arcutis Biotherapeutics Inc ARQT
56 GF Score
Price $25.09
GF Value $30.59
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Arcutis Biotherapeutics Total Operating Expense?

Arcutis Biotherapeutics ARQT -1.06% 56 Total Operating Expense is $388.6 Mil as of Jun. 2026. GuruFocus rates ARQT with a GF Score™ of 56/100 and a GF Value™ of $30.59 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Arcutis Biotherapeutics's Total Operating Expense for the three months ended in Jun. 2026 was $102.5 Mil. Arcutis Biotherapeutics's Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 was $388.6 Mil.

Arcutis Biotherapeutics Total Operating Expense Related Terms

Arcutis Biotherapeutics Total Operating Expense Historical Data

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The historical data trend for Arcutis Biotherapeutics's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Arcutis Biotherapeutics Total Operating Expense Chart

Arcutis Biotherapeutics Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only 206.53 304.56 295.72 305.81 351.60

Arcutis Biotherapeutics Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 88.62 82.01 99.43 104.70 102.49
ARQT
56GF Score
Arcutis Biotherapeutics Inc ARQT
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Arcutis Biotherapeutics Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $388.6 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $388.6 Mil mean?
Arcutis Biotherapeutics (ARQT) has a Total Operating Expense of $388.6 Mil as of Jun. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Arcutis Biotherapeutics and its competitors.
Is Arcutis Biotherapeutics' Total Operating Expense too high?
Arcutis Biotherapeutics' current Total Operating Expense is $388.6 Mil. Overall, Arcutis Biotherapeutics has a GF Score™ of 56/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Arcutis Biotherapeutics' Total Operating Expense compare to IDYA and NAMS?
Arcutis Biotherapeutics' Total Operating Expense of $388.6 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Biotechnology company?
A good Total Operating Expense depends on the Biotechnology industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Arcutis Biotherapeutics and its competitors. Arcutis Biotherapeutics's current Total Operating Expense is $388.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Arcutis Biotherapeutics stock overvalued right now?
Based on GuruFocus' analysis, Arcutis Biotherapeutics (ARQT) is currently considered Modestly Undervalued. The stock's GF Value™ is $30.59, compared to a current price of $25.09 — trading 18% below its estimated fair value. The current Total Operating Expense is $388.6 Mil. Arcutis Biotherapeutics' overall GF Score™ is 56/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Arcutis Biotherapeutics (ARQT), the current Total Operating Expense is $388.6 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Arcutis Biotherapeutics (ARQT) Overvalued in 2026?

Based on GuruFocus' analysis, Arcutis Biotherapeutics stock appears to be undervalued. The current stock price of $25.09 is trading 18% below its estimated GF Value™ of $30.59. GuruFocus considers Arcutis Biotherapeutics to be Modestly Undervalued.

Key valuation signals for ARQT:

  • Total Operating Expense: $388.6 Mil
  • GF Value™: $30.59 vs. price of $25.09 (18% below fair value)
  • GF Score™: 56/100 with 2 warning signs

No single metric tells the full story. See the ARQT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Arcutis Biotherapeutics Business Description

Address 3027 Townsgate Road, Suite 300, Westlake Village, CA, USA, 91361
Arcutis Biotherapeutics Inc is a commercial-stage biopharmaceutical company focused on developing and commercializing treatments for dermatological diseases with high unmet medical needs. Its current portfolio is comprised of differentiated topical and systemic treatments with potential to treat immune-mediated dermatological diseases and conditions. The company's product candidate ZORYVE roflumilast cream, has completed pivotal Phase 3 clinical trials in plaque psoriasis, demonstrating symptomatic improvement and favorable tolerability in this population. The Company has one reportable segment relating to the development and commercialization of treatments for dermatological diseases.
56GF Score

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Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$25.09
Price
$30.59
GF Value