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Arcutis Biotherapeutics (ARQT) Stock Price, News & Analysis

ARQT NASDAQ
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Price Move History

Daily moves over 5%
26 252 sessions, November 12, 2025 to November 12, 2026
Largest daily move
-20.7% close of November 5, 2026
1-year change
+17.4% closing prices, November 12, 2025 to November 12, 2026
1-month change
+5% closing prices, October 12, 2026 to November 12, 2026

Company Description

Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT) is a commercial-stage medical dermatology and biopharmaceutical company focused on immune‑mediated dermatological diseases and conditions. The company concentrates on chronic inflammatory skin diseases and develops topical therapies intended to address persistent patient challenges in dermatology. Arcutis is classified under pharmaceutical preparation manufacturing within the broader manufacturing sector.

According to company disclosures, Arcutis has a growing portfolio of advanced targeted topical therapies approved to treat three major inflammatory skin diseases: atopic dermatitis, plaque psoriasis, and seborrheic dermatitis. Its work centers on immune‑mediated conditions where inflammation and skin barrier disruption play central roles. The company describes itself as championing meaningful innovation to address the urgent needs of individuals living with these chronic skin conditions.

Core products and indications

Arcutis’ commercial portfolio is built around ZORYVE (roflumilast), described in company materials as the number one prescribed branded topical therapy across atopic dermatitis, seborrheic dermatitis, and plaque psoriasis combined. ZORYVE is a topical formulation of roflumilast, a phosphodiesterase type 4 (PDE4) inhibitor, an intracellular enzyme target used in dermatology. Inhibiting PDE4 decreases the production of pro‑inflammatory mediators, which in turn reduces inflammation in the skin and helps balance the skin’s immune system.

The ZORYVE franchise includes multiple strengths and formulations with distinct indications:

  • ZORYVE cream 0.05% – indicated for topical treatment of mild to moderate atopic dermatitis in pediatric patients 2 to 5 years of age.
  • ZORYVE cream 0.15% – indicated for topical treatment of mild to moderate atopic dermatitis in adult and pediatric patients 6 years of age and older.
  • ZORYVE cream 0.3% – indicated for topical treatment of plaque psoriasis, including intertriginous areas, in adult and pediatric patients 6 years of age and older.
  • ZORYVE topical foam 0.3% – indicated for topical treatment of plaque psoriasis of the scalp and body in adult and pediatric patients 12 years of age and older.
  • ZORYVE topical foam 0.3% – indicated for topical treatment of seborrheic dermatitis in adult and pediatric patients 9 years of age and older.

Company communications describe ZORYVE cream 0.05% as a once‑daily, steroid‑free topical treatment formulated for young children with atopic dermatitis, and ZORYVE foam 0.3% as a once‑daily treatment that has demonstrated durable efficacy and favorable tolerability in seborrheic dermatitis, including long‑term use in clinical studies.

Medical dermatology focus and development platform

Arcutis characterizes itself as a medical dermatology company with a focus on immune‑mediated skin diseases. It states that its dermatology development platform, combined with dermatology expertise, enables the development of differentiated therapies against biologically validated targets. This platform has produced a pipeline for a range of inflammatory dermatological conditions, including programs beyond currently approved indications.

In its strategic updates, the company highlights an indication‑expansion strategy for the ZORYVE franchise. Arcutis reports ongoing Phase 2 proof‑of‑concept trials evaluating ZORYVE foam 0.3% in vitiligo and hidradenitis suppurativa, with decisions on program advancement planned based on these studies. It also notes continued efforts to expand ZORYVE use in pediatric populations with atopic dermatitis and plaque psoriasis through additional clinical trials and supplemental regulatory submissions.

Pipeline and early‑stage programs

Beyond ZORYVE, Arcutis is advancing ARQ‑234, described as a fusion protein and highly selective checkpoint agonist of the CD200 receptor. The company states that ARQ‑234 is being developed as a potential biologic treatment for atopic dermatitis, with plans to initiate or enroll patients in early‑phase clinical studies. This reflects an expansion from topical small‑molecule therapies into biologic approaches within immuno‑dermatology.

Company communications also reference earlier development work in pediatric atopic dermatitis and other investigational programs, indicating that Arcutis’ pipeline is oriented around chronic inflammatory skin diseases where immune modulation and long‑term disease control are key objectives.

Clinical evidence and recognition

Arcutis emphasizes that ZORYVE is supported by extensive clinical data, including pivotal Phase 3 trials and long‑term extension studies across atopic dermatitis, plaque psoriasis, and seborrheic dermatitis. Reported findings include:

  • Improvement in itch and reductions in the negative impact of atopic dermatitis on sleep in individuals aged 2 years and older.
  • Durable disease control with once‑daily treatment and, in some cases, maintenance with proactive twice‑weekly application after initial clearance.
  • Long‑term safety and tolerability of ZORYVE foam 0.3% in seborrheic dermatitis for up to 52 weeks, with low rates of treatment‑related adverse events and minimal local irritation.

Company materials note that ZORYVE has received multiple forms of external recognition, including the Allure "Best of Beauty Breakthrough Award," the National Psoriasis Foundation’s Seal of Recognition for certain ZORYVE formulations, and a strong recommendation from the American Academy of Dermatology for ZORYVE cream 0.15% in adult patients with mild to moderate atopic dermatitis, as reflected in updated guidelines. ZORYVE cream 0.15% has also been highlighted in consumer‑oriented awards for eczema products.

Commercialization and market positioning

Arcutis describes itself as a commercial‑stage company, with ZORYVE cream and foam available by prescription in the United States for their approved indications. The company reports net product revenue growth for ZORYVE and outlines plans to expand its dermatology sales force to deepen adoption among prescribers. It frames its strategy around converting portions of the topical corticosteroid market in indications where ZORYVE is approved, and around expanding into additional indications and age groups.

In corporate presentations, Arcutis highlights the role of ZORYVE as an advanced targeted topical and a nonsteroidal option for long‑term management of chronic inflammatory skin diseases. It also notes patient support initiatives such as copay assistance and patient assistance programs designed to facilitate access to prescribed ZORYVE products, as described in company press releases.

Regulatory and safety considerations

Across its communications, Arcutis provides important safety information for ZORYVE products. ZORYVE is contraindicated in patients with moderate to severe liver impairment (Child‑Pugh B or C). For ZORYVE foam, the company notes that the propellants are flammable, and advises avoiding fire, flame, and smoking during and immediately following application.

The most common adverse reactions reported at rates of at least 1% vary by formulation and indication, and include events such as upper respiratory tract infection, diarrhea, vomiting, rhinitis, conjunctivitis, headache, nausea, application site pain, insomnia, urinary tract infection, nasopharyngitis, and other events as detailed in prescribing information. Arcutis repeatedly directs readers to the full Prescribing Information for ZORYVE cream and ZORYVE foam for complete safety and usage details, and specifies that ZORYVE is for topical use only and not for ophthalmic, oral, or intravaginal use.

Corporate status and listing

Arcutis Biotherapeutics, Inc. is listed on The Nasdaq Global Select Market under the ticker symbol ARQT, as reflected in its SEC filings. Recent Form 8‑K filings describe routine corporate developments, including financial results disclosures and changes in board composition. These filings show the company continuing to operate as a public biopharmaceutical issuer with common stock registered under Section 12(b) of the Securities Exchange Act.

Investment and research considerations

For investors and researchers, Arcutis represents a focused participant in immuno‑dermatology, with an emphasis on topical PDE4 inhibition and emerging biologic approaches for chronic inflammatory skin diseases. The company’s disclosures highlight a combination of an approved commercial franchise in ZORYVE, ongoing indication‑expansion studies, and early‑stage pipeline assets such as ARQ‑234. Financial statements filed with the SEC provide detail on product revenue, research and development spending, and selling, general, and administrative expenses associated with the commercialization of ZORYVE and advancement of the pipeline.

Stock Performance

$27.70
+0.62%
+0.17
Pre-marketLast updated: November 13, 2026 at 08:29
+17.4%
Performance 1 year

Arcutis Biotherapeutics (ARQT) closed at $27.53 on November 12, 2026. Over the past 12 months, the price has gained 17.4%.

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ARQT Metrics & Rankings

Price returns through November 12, 2026. Month and year figures include the first trading day. Ranking links may use different dates.

Latest News

Arcutis Biotherapeutics has 10 recent news articles, with the latest published today. Of the recent coverage, 3 articles coincided with positive price movement and 6 with negative movement. Key topics include clinical trial, earnings, management, conferences, earnings date. View all ARQT news →

Insider Radar

Net Sellers
90-Day Summary
0
Shares Bought
115,359
Shares Sold
13
Transactions
Most Recent Transaction
Matsuda Masaru (EVP, Chief Legal Officer) sold 40,000 shares @ $34.32 on November 4, 2026

Insider selling at Arcutis Biotherapeutics over the past 90 days can reflect routine portfolio management, scheduled trading plans (Rule 10b5-1), tax planning, or compensation-related dispositions rather than a directional view on the stock.

Based on SEC Form 4 filings over the last 90 days.

Financial Highlights

Arcutis Biotherapeutics generated $376.1M in revenue in FY2025, retaining a 90.2% gross margin, operating income reached -$12.2M (-3.3% operating margin), and net income was -$16.1M, reflecting a -4.3% net profit margin. Diluted earnings per share stood at -$0.13. The company generated -$5.6M in operating cash flow. The current ratio was 3.17, measuring current assets divided by current liabilities.

$376.1M
Revenue (FY2025)
-$16.1M
Net Income (FY2025)
-$5.6M
Operating Cash Flow

Upcoming Events

Q1
2027
Q1 2027 Clinical

HS program decision

Program decision for hidradenitis suppurativa Phase 2 proof-of-concept trial (Q1 2027)
FEB
02
February 2, 2027 - February 2, 2030 Corporate

RSU vesting schedule

94,000 RSUs vest 25% annually on each Feb 2 (2027, 2028, 2029, 2030); inducement awards
FEB
23
February 23, 2027 Regulatory

FDA action date

FDA target action date for ZORYVE cream 0.05% infant indication; decision expected by 2027-02-23 under PDUFA review.
FEB
23
February 23, 2027 Regulatory

FDA decision date

FDA PDUFA action for Arcutis sNDA for ZORYVE (roflumilast) cream 0.05% in infants 3-24 months; target date Feb 23, 2027.
MAY
01
May 1, 2027 Corporate

25% RSU vesting

MAY
01
May 1, 2027 - May 1, 2030 Corporate

Equity vesting period

RSUs vest 25% annually over four years; options vest 25% after one-year cliff, then monthly for 3 years.
JUN
01
June 1, 2027 - June 1, 2030 Corporate

RSU annual vesting

44,000 RSUs granted to six hires under 2022 Inducement Plan; 25% vests annually from 2027-06-01 to 2030-06-01; potential dilution
JUL
01
July 1, 2027 Corporate

25% RSU vesting (1st)

First 25% tranche of 61,000 RSUs to nine new hires vests; may cause modest dilution; no investor webcast or call.
AUG
01
August 1, 2027 Corporate

RSU vesting 25%

5,250 RSUs vest on second anniversary of vesting commencement date
SEP
01
September 1, 2027 Corporate

RSU 25% Vesting

25% of 57,000 RSUs granted to 11 new hires vest on the first anniversary of 2026-09-01; may cause share dilution.
OCT
01
October 1, 2027 Corporate

25% RSUs vest

Second tranche: 25% of 94,500 RSUs vest under 2022 Inducement Plan
OCT
01
October 1, 2027 Corporate

First RSU vesting

25% of 62,500 RSUs vest on first annual anniversary of vesting commencement; impacts share dilution and expense timing.
NOV
02
November 2, 2027 Corporate

Initial vesting date

25% of RSUs and 25% of stock options vest for the Nov 2, 2026 grants; vesting contingent on continued employment.
MAY
01
May 1, 2028 Corporate

25% RSU vesting

JUL
01
July 1, 2028 Corporate

25% RSU vesting (2nd)

Second 25% tranche of 61,000 RSUs to nine new hires vests; may cause modest dilution; no investor webcast or call.
AUG
01
August 1, 2028 Corporate

RSU vesting 25%

5,250 RSUs vest on third anniversary of vesting commencement date
SEP
01
September 1, 2028 Corporate

RSU 25% Vesting

25% tranche of the 57,000 RSUs to 11 employees vests on the second anniversary of 2026-09-01, may dilute shares.
OCT
01
October 1, 2028 Corporate

25% RSUs vest

Third tranche: 25% of 94,500 RSUs vest under 2022 Inducement Plan
OCT
01
October 1, 2028 Corporate

Second RSU vesting

Second annual 25% vesting of 62,500 RSUs granted under the 2022 Inducement Plan; affects dilution and compensation expense.
MAY
01
May 1, 2029 Corporate

25% RSU vesting

JUL
01
July 1, 2029 Corporate

25% RSU vesting (3rd)

Third 25% tranche of 61,000 RSUs to nine new hires vests; may cause modest dilution; no investor webcast or call.
AUG
01
August 1, 2029 Corporate

RSU vesting 25%

5,250 RSUs vest on fourth anniversary of vesting commencement date
SEP
01
September 1, 2029 Corporate

RSU 25% Vesting

Third 25% tranche of the 57,000 RSUs granted to 11 hires vests on the third anniversary of 2026-09-01.
OCT
01
October 1, 2029 Corporate

25% RSUs vest

Final tranche: 25% of 94,500 RSUs vest under 2022 Inducement Plan
OCT
01
October 1, 2029 Corporate

Third RSU vesting

Third annual 25% vesting of the 62,500 restricted stock units; continued employment required for vesting each year.
JUL
01
July 1, 2030 Corporate

25% RSU vesting (4th)

Fourth 25% tranche of 61,000 RSUs to nine new hires vests; may cause modest dilution; no investor webcast or call.
SEP
01
September 1, 2030 Corporate

RSU 25% Vesting

Final 25% tranche of the 57,000 RSUs to 11 employees vests on the fourth anniversary of 2026-09-01.
OCT
01
October 1, 2030 Corporate

Final RSU vesting

Final 25% tranche vests completing four-year schedule for 62,500 RSUs; results in full issuance subject to continued employment.
NOV
02
November 2, 2030 Corporate

Final vesting date

Remaining RSUs and option installments from Nov 2, 2026 grants complete vesting after four years, subject to employment.
NOV
02
November 2, 2036 Corporate

Option expiration

Ten-year term ends for options granted Nov 2, 2026 (exercise price $31.26); unexercised options will expire on this date.

Arcutis Biotherapeutics has 30 upcoming scheduled events. The next event, "HS program decision", is expected in Q1 2027. Investors can track these dates to stay informed about potential catalysts that may affect the ARQT stock price.

Short Interest History

Last 12 Months

Short interest in Arcutis Biotherapeutics (ARQT) currently stands at 18.2 million shares, down 11.4% from the previous reporting period, representing 16.2% of the float. Since November 2025, short interest has increased by 32.4%.

Days to Cover History

Last 12 Months

Days to cover for Arcutis Biotherapeutics (ARQT) currently stands at 7.6 days, down 22.5% from the previous period. The ratio is the reported short interest divided by the average daily trading volume. Since November 2025, the figure has increased by 39.1%. Across the settlements charted above, it has ranged from 4.3 to 16.6 days.

ARQT Company Profile & Sector Positioning

Arcutis Biotherapeutics (ARQT) operates in the Biotechnology industry within the broader Healthcare sector and is listed on the NASDAQ.

Investors comparing ARQT often look at related companies in the same sector, including Viking Therapeutics, Inc (VKTX), Dyne Therapeutics, Inc. (DYN), Viridian Therapeutics, Inc. (VRDN), Acadia Pharmaceuticals Inc. (ACAD), and Celcuity Inc. (CELC). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate ARQT's relative position within its industry.

Frequently Asked Questions

The current stock price of Arcutis Biotherapeutics (ARQT) is $27.70 in pre-market trading as of November 13, 2026.

The market cap of Arcutis Biotherapeutics (ARQT) is approximately $3.5B. Learn more about what market capitalization means .

The FY2025 revenue of Arcutis Biotherapeutics (ARQT) is $376.1M, from its most recent completed fiscal year.

The FY2025 net income of Arcutis Biotherapeutics (ARQT) is -$16.1M, from its most recent completed fiscal year.

The diluted earnings per share (EPS) of Arcutis Biotherapeutics (ARQT) is -$0.13 for FY2025, its most recent completed fiscal year. Learn more about EPS .

The operating cash flow of Arcutis Biotherapeutics (ARQT) is -$5.6M for FY2025, its most recent completed fiscal year. Learn about cash flow.

The net profit margin of Arcutis Biotherapeutics (ARQT) is -4.3% for FY2025, its most recent completed fiscal year. Learn about profit margins.

The operating profit margin of Arcutis Biotherapeutics (ARQT) is -3.3% for FY2025, its most recent completed fiscal year. Learn about operating margins.

The gross profit margin of Arcutis Biotherapeutics (ARQT) is 90.2% for FY2025, its most recent completed fiscal year. Learn about gross margins.

The current ratio of Arcutis Biotherapeutics (ARQT), current assets divided by current liabilities, was 3.17 at the end of FY2025, its most recent completed fiscal year. Learn about liquidity ratios.

The gross profit of Arcutis Biotherapeutics (ARQT) is $339.4M for FY2025, its most recent completed fiscal year.

The operating income of Arcutis Biotherapeutics (ARQT) is -$12.2M for FY2025, its most recent completed fiscal year. Learn about operating income.

Arcutis Biotherapeutics, Inc. is a commercial-stage medical dermatology and biopharmaceutical company focused on immune-mediated dermatological diseases and conditions. It develops and commercializes advanced targeted topical therapies, notably the ZORYVE (roflumilast) franchise, for chronic inflammatory skin diseases such as atopic dermatitis, plaque psoriasis, and seborrheic dermatitis, as described in its public communications.

According to company materials, ZORYVE products are approved to treat three major inflammatory skin diseases. ZORYVE cream 0.05% and 0.15% are indicated for mild to moderate atopic dermatitis in specific age groups, ZORYVE cream 0.3% is indicated for plaque psoriasis including intertriginous areas, and ZORYVE topical foam 0.3% is indicated for plaque psoriasis of the scalp and body and for seborrheic dermatitis in defined pediatric and adult populations.

Company descriptions state that ZORYVE is a topical formulation of roflumilast, a phosphodiesterase type 4 (PDE4) inhibitor. Inhibiting PDE4, an intracellular enzyme that is an established target in dermatology, decreases the production of pro-inflammatory mediators. This reduces inflammation in the skin and helps balance the skin’s immune system in conditions such as atopic dermatitis, plaque psoriasis, and seborrheic dermatitis.

Arcutis reports that ZORYVE cream 0.05% is indicated for topical treatment of mild to moderate atopic dermatitis in pediatric patients 2 to 5 years of age. ZORYVE cream 0.15% is indicated for mild to moderate atopic dermatitis in adult and pediatric patients 6 years of age and older. These age ranges and indications are specified in the company’s press releases and indication summaries.

Company communications state that ZORYVE topical foam 0.3% is indicated for the treatment of plaque psoriasis of the scalp and body in adult and pediatric patients 12 years of age and older, and for seborrheic dermatitis in adult and pediatric patients 9 years of age and older. These indications reflect approvals described in Arcutis’ news releases.

ARQ-234 is described by Arcutis as a fusion protein that is a potent and highly selective checkpoint agonist of the CD200 receptor. The company is developing ARQ-234 as a potential biologic treatment for atopic dermatitis and has outlined plans to initiate or enroll patients in early-phase clinical studies, according to its strategic updates.

Arcutis reports that ZORYVE cream and foam have been evaluated in multiple clinical trials, including long-term studies, and describes them as safe and well tolerated in those settings. It lists common adverse reactions occurring in at least 1% of patients for each formulation and indication, such as headache, diarrhea, nausea, application site pain, upper respiratory tract infection, nasopharyngitis, and others, and notes that ZORYVE is contraindicated in patients with moderate to severe liver impairment (Child-Pugh B or C). The company directs readers to the full Prescribing Information for complete safety details.

Company press releases describe ZORYVE cream 0.05% and other ZORYVE formulations as steroid-free, nonsteroidal, and advanced targeted topicals. Arcutis positions ZORYVE as an alternative to topical corticosteroids for long-term management of chronic inflammatory skin diseases, while emphasizing that it is based on topical PDE4 inhibition rather than corticosteroid mechanisms.

SEC filings state that Arcutis Biotherapeutics, Inc.’s common stock is listed on The Nasdaq Global Select Market under the trading symbol ARQT. The company’s common stock is registered pursuant to Section 12(b) of the Securities Exchange Act of 1934.

Arcutis references multiple pivotal Phase 3 randomized controlled trials in atopic dermatitis, Phase 2 and Phase 3 studies in plaque psoriasis and seborrheic dermatitis, and long-term open-label extension studies. It also cites Phase 2 proof-of-concept trials for additional indications such as vitiligo and hidradenitis suppurativa, as well as pediatric studies like INTEGUMENT-INFANT for infants with atopic dermatitis.