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RCUS

Arcus Biosciences, Inc.
$23.75
+7.27% Oct 20 close
Health CareS&P 600 Compare
-5%+16%+38%+59%+81%Oct 2025Oct 2026Apr 2026
RCUSSPY
1W
+5.5%
1M
-5.9%
3M
-19.4%
6M
-3.1%
YTD
-0.3%
1Y
+35.9%

Live chart

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What they do

Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. The company's development product portfolio includes Casdatifan, a HIF-2a inhibitor for the treatment of kidney cancer; Domvanalimab, an anti-TIGIT antibody, which is in Phase 2 and Phase 3 clinical trial for lung and gastrointestinal cancers; and Zimberelimab, an anti-PD-1 antibody.

Healthcare · Biotechnology

For information only · Important disclosures

Grades vs sector

Momentum
66th percentile in sector
B
12-1 return: +31.0%
Percentile within its GICS sector across the S&P 1500.
Growth
1st percentile in sector
F
Revenue growth (YoY): -74.4%
Percentile within its GICS sector across the S&P 1500.
Value
Not enough data yet
–
Forward E/P: – · EBITDA/EV: –
Percentile within its GICS sector across the S&P 1500.
Profitability
12th percentile in sector
D-
Profit margin: +0.0% · Return on equity: -90.8%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
Outside this model's universe or screens
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
Arcus Biosciences stock falls on public offering announcement
Investing.com · 47m ago
Kuehn Law Encourages Investors of Arcus Biosciences, Inc. to Contact Law Firm
PR Newswire · 2h ago
William Blair Expands Biotech Research as Veteran Analyst Alethia Young Initiates Coverage
Business Wire · 6h ago
Why is Arcus Biosciences stock sliding today?
Investing.com · Oct 20

Key stats

Market value$3.0B
P/E (next 12 months, estimated)-7.6
52-week range$16.41 – $31.73
Revenue growth (latest quarter vs a year ago)-74.4%
Dividend yieldNo dividend
Analyst consensusStrong Buy (13)
Average analyst price target$41.31 (+74%)
Valuation and fundamentals

Valuation & fundamentals

Bottom line
No cash-flow valuation
Model read-out from the numbers below, not advice. Score -1 (DCF counts double).
▼Piotroski F-score0/9
▼Altman Z-0.9 (distress)
▲Analyst target+74% (13 analysts)

Discounted cash flow

Trailing free cash flow is negative or missing, so a cash-flow DCF isn't meaningful by default. You can enter your own assumptions below.
Reverse DCFfor context, not a signal
Trailing free cash flow is zero or negative, so there's no growth rate to solve for. The price is betting on a turnaround to positive cash flow.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.94 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Health Care

P/E (trailing)
sector median 29.9×
–
Forward P/E
sector median 17.6×
–
EV / EBITDA
sector median 15.8×
–
Price / sales
sector median 3.1× · 98th pct
25.5×
pricier
Price / book
sector median 3.5× · 76th pct
6.4×
pricier
FCF yield
sector median 4.1% · 2nd pct
-15.9%
pricier

Forward EPS $-3.12 vs trailing $-3.91. Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO
$256.0M
as of 2025-12-31
vs a year ago
-51%
YoY
× TTM revenue
2.19×
coverage
24-12
25-06
25-09
25-12

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin
–
Operating margin
-415.4%
FCF margin
-406.0%
Net margin
-393.2%
Return on equity
-99.1%
Return on invested capital
–
Net debt / EBITDA
–
Current ratio
3.8×
Interest cover
-44.2×
Cash conversion (OCF/NI)
–
Piotroski F-score 0/9 · last two fiscal years
✗ Positive net income✗ Positive operating cash flow✗ Return on assets improved✗ Cash flow above net income✗ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✗ Asset turnover improved

Altman Z-score -0.9 (distress zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target
$41
+74%
Analysts
13
Strong Buy
Range
$23–$50
low – high
● price · ◆ mean target

Annual history

FYRevenueNet incomeFree cash flow
2025$247.0M$-353.0M$-484.0M
2024$258.0M$-283.0M$-176.0M
2023$117.0M$-307.0M$-330.0M
2022$112.0M$-267.0M$432.0M
2021$383.0M$53.0M$-282.0M
2020$78.0M$-123.0M$108.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +30.2%.

Earnings

Next report: 2026-10-27 · after close · EPS est -0.89
24-0824-1125-0225-0525-1026-0226-0526-08-1.390.00
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-05-0.81-0.72+11.6%
2026-05-05-0.83-1.02-23.3%
2026-02-25-1.07-0.89+17.2%
2025-10-28-1.29-1.27+1.6%
2025-05-06-1.01-1.14-12.6%
2025-02-25-1.20-1.03+14.4%
2024-11-06-1.07-1.00+6.3%
2024-08-08-1.39-1.02+26.4%

Quarterly revenue

QuarterRevenueYoY
2026-06-30$41.0M-74.4%
2026-03-31$17.0M–
2025-12-31$33.0M–
2025-09-30$26.0M–
2025-06-30$160.0M–
Analyst actions
William Blair
2026-10-16 · init
→ Outperform
JP Morgan
2026-10-14 · init
→ Overweight
PT $41
Wedbush
2026-09-30 · reit
Outperform → Outperform
PT $43
TD Cowen
2026-09-16 · init
→ Buy
Truist Securities
2026-09-08 · reit
Buy → Buy
PT $40
Wells Fargo
2026-08-06 · main
Equal-Weight → Equal-Weight
PT $26

Stats refreshed 2026-10-21 01:31:43 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Important disclosures · Contact desk@coteau.app

Coteau Systematic Strategies publishes stock research and model portfolios. Results are hypothetical unless marked Live. Data: Yahoo Finance (15-min delayed), SEC EDGAR and the House Clerk.

Beta 0.9 · Oct 21, 2026