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Arcus Biosciences, Inc.
RCUS · Price history
Price at last available close
$18.61
−$7.22 (-27.95%) 1M
2026-10-29
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Company & revenue
About Arcus Biosciences, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
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. It also develops Quemliclustat, a small molecule inhibitor that targets the CD73 enzyme in the ATP-adenosine pathway, which is in phase 3 and phase 1/1b clinical trial for lung and pancreatic cancer.
How they make money
Arcus Biosciences is a clinical-stage biopharmaceutical company that generates revenue primarily through strategic collaborations and license agreements. These arrangements typically involve upfront payments, research and development funding, and potential milestone payments or royalties related to the development and commercialization of its proprietary oncology and inflammatory disease drug candidates.
Products & services
The company develops a pipeline of small-molecule and antibody-based therapies targeting cancer and inflammatory diseases, including candidates such as domvanalimab, quemliclustat, etrumadenant, and casdatifan.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Pharmaceutical and biotechnology companies (collaboration partners)Source
Customer concentration
The company's revenue is highly concentrated, with a significant portion derived from its collaboration agreements with Gilead Sciences, Inc. and Taiho Pharmaceutical Co., Ltd. as of the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Contract Manufacturing Organizations (CMOs) — The company relies on third-party contract manufacturing organizations for the production of clinical trial materials and drug substances; specific supplier names are not disclosed.Source
Business relationships & partnerships
- Gilead Sciences, Inc. — A broad strategic collaboration for the co-development and commercialization of multiple oncology programs.Source
- Taiho Pharmaceutical Co., Ltd. — A strategic collaboration for the development and commercialization of certain product candidates in Japan and other territories.Source
Competitors
- Large pharmaceutical and biotechnology companies — The company competes with various established pharmaceutical and biotechnology firms developing oncology and immunology therapies.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 74.4% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Diluted weighted-average shares increased 18.4% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
22
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
31
Poor
Financial Strength
26
Business Quality / Moat
49
Management
40
Growth Quality
7
Risk / Durability
23
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
24
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
39/100
Building Historical Record
Model Score 39/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Debt service risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
- •Asset quality is a weaker factor
Company-specific research
Questions worth answering for RCUS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving RCUS's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can RCUS fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does RCUS's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for RCUS to reach sustainable profitability?
- •What future growth or profitability would be needed to justify RCUS's current valuation?
Essential Investment Snapshot
Wall Street Score
22
Opportunity Score
24
Market Cap
$2.34B
P/E Ratio
-4.5
EPS
$-3.93
52-Week High
$31.74
52-Week Low
$17.43
Beta
0.81
Analyst Target
$42.00
Shares Outstanding
107.4M
Total Revenue
$117.0M
Total Debt
$114.0M
Dividend
No current dividend
Liquidation Value / Share
$4.32
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for RCUS
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-48.3x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on RCUS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Extensive intellectual property portfolio.
- +Strategic collaborations with established industry partners.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
- −History of operating losses and dependence on external financing.
- −Clinical trial failure and regulatory approval risks.
- −Diluted weighted-average shares increased 18.4% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
4 historical score records availablePrevious Score
22
Oct 15, 2026
Change
+0.2
points
Current Score
22
Oct 27, 2026
Category Changes
RCUS increased 0.2 points because Asset improved by 2.5 points.
Positive Contributors
- + Asset improved by 2.5 points
Projected Score
Projected Score
18
Projected Change
-4.2 points
Preliminary comparable-period financial changes suggest decline of approximately 4.2 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$18.61
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $117.0M | $247.0M | $258.0M | $117.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $7.0M | $10.0M | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $110.0M | $237.0M | $258.0M | $117.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $497.0M | $523.0M | $448.0M | $340.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $106.0M | $110.0M | $120.0M | $117.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $596.0M | $623.0M | $588.0M | $457.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$419.0M | -$335.0M | -$269.0M | -$291.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$486.0M | -$386.0M | -$330.0M | -$340.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $23.0M | $8.0M | $4.0M | $2.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$452.0M | -$353.0M | -$283.0M | -$301.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $1.0M | $6.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$452.0M | -$353.0M | -$283.0M | -$307.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-3.93 | $-3.29 | $-3.14 | $-4.15 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 126M | 107M | 90.10M | 74.00M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 126M | 107M | 90.10M | 74.00M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$41.0M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.72
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+4.6%
Cash Change
-39.5%
Margin Change
-217.0 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included EPS growth. Pressure indicators included revenue growth, cash levels, debt levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 74.4%. EPS increased 800.0%. Cash declined 39.5%. Total debt increased 4.6%. Net income margin declined by 217.0 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
BiotechnologyNews
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Arcus Biosciences Announces Pricing of $250 Million Public Offering of Common Stock
Kuehn Law Encourages Investors of Arcus Biosciences, Inc. to Contact Law Firm
Rumor Mill · RCUS
Corporate developments & opportunities
No reviewed developments match this filter.
The reliability percentage measures the strength of the supporting evidence—not the probability that the event will occur or that the stock will rise. Rumor Mill is separate from the WSS score.
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