$ARQT
Arcutis Biotherapeutics, Inc.

2023 Q4 Form 10-Q Financial Statement

#000178730623000124 Filed on November 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $13.53M $38.11M $725.0K
YoY Change 356.81% 5156.41%
Cost Of Revenue $2.246M $1.180M $269.0K
YoY Change 363.09% 338.66%
Gross Profit $11.28M $36.93M $456.0K
YoY Change 355.57% 7998.68%
Gross Profit Margin 83.39% 96.91% 62.9%
Selling, General & Admin $48.67M $47.60M $35.47M
YoY Change 31.47% 34.17% 115.33%
% of Gross Profit 431.51% 128.88% 7779.17%
Research & Development $23.78M $26.24M $69.73M
YoY Change -29.82% -62.38% 71.73%
% of Gross Profit 210.77% 71.04% 15291.89%
Depreciation & Amortization $385.0K $200.0K $157.0K
YoY Change 10.95% 27.39% 35.34%
% of Gross Profit 3.41% 0.54% 34.43%
Operating Expenses $72.45M $75.01M $105.5M
YoY Change 2.18% -28.88% 84.79%
Operating Profit -$61.17M -$36.90M -$104.7M
YoY Change -10.6% -64.77% 83.52%
Interest Expense -$7.762M $7.559M $4.899M
YoY Change 12.25% 54.3%
% of Operating Profit
Other Income/Expense, Net $2.672M $2.721M -$2.961M
YoY Change -19.52% -191.89% -3121.43%
Pretax Income -$66.26M -$41.74M -$107.7M
YoY Change -8.0% -61.25% 89.03%
Income Tax $25.00K $3.000M $0.00
% Of Pretax Income
Net Earnings -$66.28M -$44.77M -$107.7M
YoY Change -7.96% -58.44% 89.03%
Net Earnings / Revenue -490.05% -117.47% -14856.41%
Basic Earnings Per Share -$0.73 -$1.89
Diluted Earnings Per Share -$0.71 -$0.73 -$1.89
COMMON SHARES
Basic Shares Outstanding 94.38M shares 61.65M shares 51.56M shares
Diluted Shares Outstanding 61.73M shares 57.09M shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $271.9M $227.1M $477.0M
YoY Change -33.63% -52.38% 29.87%
Cash & Equivalents $88.40M $107.5M $81.54M
Short-Term Investments $183.5M $119.6M $395.4M
Other Short-Term Assets $19.63M $21.10M $13.02M
YoY Change 65.72% 62.08% -7.92%
Inventory $13.13M $13.91M $4.307M
Prepaid Expenses
Receivables $25.81M $19.42M $2.431M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $330.4M $281.5M $496.7M
YoY Change -24.46% -43.32% 30.11%
LONG-TERM ASSETS
Property, Plant & Equipment $1.539M $1.735M $1.939M
YoY Change -18.18% -10.52% -5.18%
Goodwill
YoY Change
Intangibles $6.438M $6.625M $7.375M
YoY Change -10.43% -10.17%
Long-Term Investments
YoY Change
Other Assets $596.0K $596.0K $78.00K
YoY Change 664.1% 664.1% 0.0%
Total Long-Term Assets $10.93M $11.41M $12.20M
YoY Change -7.87% -6.43% 132.82%
TOTAL ASSETS
Total Short-Term Assets $330.4M $281.5M $496.7M
Total Long-Term Assets $10.93M $11.41M $12.20M
Total Assets $341.4M $293.0M $508.9M
YoY Change -24.02% -42.43% 31.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.99M $13.18M $8.666M
YoY Change 35.86% 52.08% 77.91%
Accrued Expenses $33.94M $28.00M $27.80M
YoY Change 19.84% 0.71% 100.25%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00
YoY Change
Total Short-Term Liabilities $46.67M $41.89M $37.10M
YoY Change 23.44% 12.9% 94.68%
LONG-TERM LIABILITIES
Long-Term Debt $201.8M $200.8M $196.8M
YoY Change 2.04% 2.05%
Other Long-Term Liabilities $849.0K $3.600M $0.00
YoY Change -100.0%
Total Long-Term Liabilities $202.6M $200.8M $196.8M
YoY Change 2.47% 2.05% 634587.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $46.67M $41.89M $37.10M
Total Long-Term Liabilities $202.6M $200.8M $196.8M
Total Liabilities $252.7M $246.2M $238.1M
YoY Change 5.43% 3.4% 891.71%
SHAREHOLDERS EQUITY
Retained Earnings -$981.9M -$915.6M -$647.7M
YoY Change 36.41% 41.36% 92.2%
Common Stock $9.000K $6.000K $6.000K
YoY Change 50.0% 0.0% 20.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $88.67M $46.72M $270.8M
YoY Change
Total Liabilities & Shareholders Equity $341.4M $293.0M $508.9M
YoY Change -24.02% -42.43% 31.5%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$66.28M -$44.77M -$107.7M
YoY Change -7.96% -58.44% 89.03%
Depreciation, Depletion And Amortization $385.0K $200.0K $157.0K
YoY Change 10.95% 27.39% 35.34%
Cash From Operating Activities -$56.24M -$43.98M -$67.70M
YoY Change -20.86% -35.03% 65.58%
INVESTING ACTIVITIES
Capital Expenditures $6.000K $60.00K -$22.96M
YoY Change -95.12% -100.26% 16656.2%
Acquisitions
YoY Change
Other Investing Activities -$62.18M $45.61M -$174.3M
YoY Change -246.91% -126.17% -4931.1%
Cash From Investing Activities -$62.19M $45.55M -$197.3M
YoY Change -247.36% -123.09% -5783.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 99.29M 860.0K 285.0M
YoY Change 10221.1% -99.7% 452263.49%
NET CHANGE
Cash From Operating Activities -56.24M -43.98M -67.70M
Cash From Investing Activities -62.19M 45.55M -197.3M
Cash From Financing Activities 99.29M 860.0K 285.0M
Net Change In Cash -19.14M 2.430M 20.03M
YoY Change -31.4% -87.87% -153.63%
FREE CASH FLOW
Cash From Operating Activities -$56.24M -$43.98M -$67.70M
Capital Expenditures $6.000K $60.00K -$22.96M
Free Cash Flow -$56.25M -$44.04M -$44.74M
YoY Change -20.98% -1.56% 9.8%

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arqt Proceeds From Issuance Of Shares Under At The Market Offering Net Of Issuance Costs
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
993000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Payments Of Debt Issuance Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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us-gaap Interest Paid Capitalized
InterestPaidCapitalized
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arqt Acquired In Process Research And Development Obtained In Exchange For Issuance Of Common Stock
AcquiredInProcessResearchAndDevelopmentObtainedInExchangeForIssuanceOfCommonStock
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arqt Acquired In Process Research And Development Obtained In Exchange For Issuance Of Common Stock
AcquiredInProcessResearchAndDevelopmentObtainedInExchangeForIssuanceOfCommonStock
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CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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RetainedEarningsAccumulatedDeficit
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CY2023Q3 arqt Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
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CY2022Q4 arqt Cash Cash Equivalents And Marketable Securities
CashCashEquivalentsAndMarketableSecurities
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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-top:8pt;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. On an ongoing basis, management evaluates such estimates and assumptions for continued reasonableness. In particular, management makes estimates with respect to revenue recognition, accruals for research and development activities, stock-based compensation expense, and income taxes. Appropriate adjustments, if any, to the estimates used are made prospectively based upon such periodic evaluation. Actual results could differ from those estimates.</span></div>
us-gaap Number Of Operating Segments
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CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2023Q3 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
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CY2022Q3 arqt Intangible Assets Milestone Payment
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CY2023Q3 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
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us-gaap Amortization Of Intangible Assets
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
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CY2023Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
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CY2023Q3 arqt Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
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CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
Concentration of Credit Risk and Other Risks and Uncertainties<span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash, cash equivalents, marketable securities, and accounts receivable. The Company maintains deposits in federally insured financial institutions in excess of federally insured limits. The Company is exposed to credit risk in the event of a default by either the financial institutions holding its cash or by its customers owing trade receivables to the extent recorded on the condensed consolidated</span><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%"> </span>balance sheets. To manage accounts receivable credit risk, the Company continuously evaluates the creditworthiness of its customers and the need for an allowance for potential credit losses.
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2022Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2023Q3 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
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CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
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CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2023Q3 us-gaap Assets Fair Value Disclosure
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CY2022Q4 us-gaap Assets Fair Value Disclosure
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2023Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2023Q3 us-gaap Available For Sale Securities Debt Securities
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
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CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
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CY2022Q4 us-gaap Available For Sale Securities Debt Securities
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2023Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
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us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2022Q3 us-gaap Debt Securities Available For Sale Realized Gain Loss
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CY2022Q4 us-gaap Debt Securities Available For Sale Term
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P18M
CY2023Q3 us-gaap Debt Securities Available For Sale Term
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CY2023Q3 arqt Prepaid Copay Assistance Program
PrepaidCopayAssistanceProgram
4948000 usd
CY2022Q4 arqt Prepaid Copay Assistance Program
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CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
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EmployeeRelatedLiabilitiesCurrent
14000000 usd
CY2023Q3 arqt Accrued Sales Deductions Current
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7308000 usd
CY2022Q4 arqt Accrued Sales Deductions Current
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1567000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
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CY2023Q3 us-gaap Depreciation
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200000 usd
us-gaap Depreciation
Depreciation
573000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
157000 usd
us-gaap Depreciation
Depreciation
462000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1024000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1087000 usd
CY2023Q3 arqt Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
653000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
5054000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
769000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4285000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
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CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
4285000 usd
CY2023Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
551000 usd
CY2022Q3 us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Operating Lease Expense
OperatingLeaseExpense
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us-gaap Variable Lease Cost
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us-gaap Operating Lease Payments
OperatingLeasePayments
723000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
547000 usd
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CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.070
CY2023Q3 us-gaap Purchase Obligation Future Minimum Payments Remainder Of Fiscal Year
PurchaseObligationFutureMinimumPaymentsRemainderOfFiscalYear
1200000 usd
CY2023Q3 us-gaap Purchase Obligation Due In Next Twelve Months
PurchaseObligationDueInNextTwelveMonths
800000 usd
CY2023Q3 us-gaap Purchase Obligation Due In Second Year
PurchaseObligationDueInSecondYear
800000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
200000000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
200000000 usd
CY2023Q3 arqt Debt Instrument Accrued Final Fee
DebtInstrumentAccruedFinalFee
4118000 usd
CY2022Q4 arqt Debt Instrument Accrued Final Fee
DebtInstrumentAccruedFinalFee
1871000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3335000 usd
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4102000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
200783000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
197769000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
213900000 usd
CY2023Q3 arqt Common Stock Voting Rights Number Of Votes Per Share
CommonStockVotingRightsNumberOfVotesPerShare
1 vote
CY2023Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
0 usd
CY2023Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
15080264 shares
CY2022Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
12837138 shares
CY2020Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2020Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q1 us-gaap Temporary Equity Shares Authorized
TemporaryEquitySharesAuthorized
10000000 shares
CY2020Q1 us-gaap Temporary Equity Par Or Stated Value Per Share
TemporaryEquityParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2023Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
7476223 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
19.93
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P7Y11M23D
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
18667000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1608110 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
12.67
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
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us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
4.45
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
479288 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
20.48
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
137258 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
26.75
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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8228270 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
18.81
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M3D
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
3269000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
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CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
18.62
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y7M2D
CY2023Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
3269000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
1200000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
22100000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.76
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9999000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8789000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30056000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23418000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
11229576 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9122294 shares
CY2023Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

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0001787306-23-000124.txt Edgar Link pending
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arqt-20230930.htm Edgar Link pending
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exhibit311ceoq32023.htm Edgar Link pending
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