NASDAQ · Financial Statements

Arcturus Therapeutics Holdings Inc. (ARCT) Financial Statements

$9.84 NASDAQ: ARCT Market Cap $279.68M

Arcturus Therapeutics Holdings Inc. most recently reported annual revenue of $67.0M, a net loss of $66.0M. Revenue grew at an average annual rate of 46.3% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Arcturus Therapeutics Holdings Inc.: Revenue rose from $20.0M in 2016 to $67.0M in 2025, a change of +235.0% over 9 years; net profit was positive in 1 of 10 reported years; operating margin moved from -123.5% to -111.5%, a shift of +12.0 percentage points; the most recent year shows a net loss of $66.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$20.0M$13.0M$16.0M$21.0M$10.0M$12.0M$206.0M$158.0M$138.0M$67.0M
Operating Expenses$46.0M$23.0M$38.0M$46.0M$81.0M$215.0M$194.0M$236.0M$234.0M$142.0M
Operating Profit$-25.0M$-10.0M$-22.0M$-26.0M$-72.0M$-203.0M$12.0M$-78.0M$-96.0M$-75.0M
Operating Margin-123.5%-80.7%-138.5%-122.7%-749.8%-1641.3%5.9%-49.6%-69.1%-111.5%
Other Income$-1.0M$0$0$0$-1.0M$-1.0M$-2.0M$50.0M$15.0M$9.0M
Interest$0$0$0$1.0M$1.0M$3.0M$3.0M$1.0M$0$0
Depreciation$0$0$1.0M$1.0M$1.0M$1.0M$2.0M$3.0M$4.0M$3.0M
Profit Before Tax$-25.0M$-11.0M$-22.0M$-26.0M$-72.0M$-204.0M$11.0M$-28.0M$-81.0M$-66.0M
Tax$-300,000$-10,000$-970,000$0$0$0$12.2M$-6.6M$0$0
Net Profit$-25.0M$-11.0M$-22.0M$-26.0M$-72.0M$-204.0M$9.0M$-30.0M$-81.0M$-66.0M
EPS$-6.25$-3.53$-2.16$-2.13$-3.55$-7.74$0.35$-1.12$-3.00$-2.40
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$43.0M$25.0M$33.0M$46.0M$39.0M$21.0M$29.0M$25.0M$17.0M$3.0M$1.0M$3.0M
Operating Expenses$63.0M$43.0M$63.0M$67.0M$50.0M$54.0M$46.0M$36.0M$34.0M$34.0M$30.0M$29.0M
Operating Profit$-19.0M$-18.0M$-30.0M$-21.0M$-11.0M$-33.0M$-17.0M$-12.0M$-17.0M$-31.0M$-30.0M$-26.0M
Operating Margin-44.5%-72.9%-93.3%-46.0%-27.7%-159.0%-57.3%-47.4%-96.3%-1016.1%-4882.0%-863.3%
Interest$0$0$0$0$0$0$0$0$0$0$0$0
Profit Before Tax$-15.0M$-11.0M$-26.0M$-17.0M$-7.0M$-30.0M$-14.0M$-9.0M$-13.0M$-29.0M$-27.0M$-24.0M
Tax$-5.8M$-2.3M$-1.4M$860,000$3.0M$10,000$0$-40,000$0$10,000$0$0
Net Profit$-16.0M$-12.0M$-27.0M$-17.0M$-7.0M$-30.0M$-14.0M$-9.0M$-13.0M$-29.0M$-27.0M$-24.0M
EPS$-0.61$-0.32$-1.00$-0.64$-0.26$-1.11$-0.52$-0.34$-0.49$-1.05$-0.95$-0.84

Over the 10 years reported for Arcturus Therapeutics Holdings Inc., cash stood at $231.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 6.69 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$52.0M$52.0M$44.0M$82.0M$476.0M$393.0M$450.0M$429.0M$344.0M$271.0M
Current Assets$51.0M$51.0M$42.0M$74.0M$468.0M$379.0M$403.0M$387.0M$306.0M$241.0M
Cash$2.0M$25.0M$37.0M$71.0M$463.0M$370.0M$392.0M$292.0M$237.0M$231.0M
Inventory$-1.0M$1.0M$0$0$0$0$0$0$0$0
Receivables$4.0M$0$4.0M$2.0M$2.0M$3.0M$3.0M$32.0M$4.0M$6.0M
Fixed Assets$0$1.0M$2.0M$7.0M$9.0M$11.0M$45.0M$41.0M$36.0M$28.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$48.0M$24.0M$0$0$0$1.0M$0$2.0M$0$2.0M
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$4.0M$18.0M$31.0M$56.0M$80.0M$165.0M$180.0M$151.0M$103.0M$57.0M
Current Liabilities$4.0M$11.0M$13.0M$21.0M$50.0M$100.0M$127.0M$82.0M$65.0M$36.0M
Borrowings$0$0$10.0M$21.0M$21.0M$69.0M$95.0M$30.0M$29.0M$25.0M
Other Liabilities$4.0M$18.0M$21.0M$36.0M$59.0M$95.0M$85.0M$121.0M$75.0M$32.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$47.0M$34.0M$14.0M$26.0M$397.0M$228.0M$270.0M$279.0M$241.0M$214.0M

For Arcturus Therapeutics Holdings Inc., operating cash flow was positive in 1 of 10 reported years; free cash flow in the latest year was negative at $74.0M; free cash flow was positive in 1 of 10 years.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-19.0M$0$-21.0M$-6.0M$-43.0M$-135.0M$32.0M$-18.0M$-60.0M$-74.0M
Investing Cash Flow$5.0M$10.0M$44.0M$-2.0M$-3.0M$-7.0M$-15.0M$-6.0M$-1.0M$0
Financing Cash Flow$0$1.0M$0$16.0M$12.0M$1.0M$2.0M$3.0M$5.0M$0
Net Cash Flow$-14.0M$17.0M$12.0M$35.0M$392.0M$-90.0M$21.0M$-45.0M$-55.0M$-61.0M
Free Cash Flow$-19.0M$-1.0M$-22.0M$-7.0M$-45.0M$-138.0M$24.0M$-21.0M$-60.0M$-74.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.10
EV / EBITDA-2.43
FCF Yield-19.72%
Quick Ratio5.88
Interest Coverage—
Return 1Y-52.14%
Return 3Y-82.03%
Return 5Y-77.27%

Arcturus Therapeutics Holdings Inc. (ARCT) financials — frequently asked questions

What is Arcturus Therapeutics Holdings Inc.'s annual revenue?

Arcturus Therapeutics Holdings Inc. (ARCT) reported annual revenue of $67.0M in its most recent fiscal year.

What is Arcturus Therapeutics Holdings Inc.'s net profit?

Arcturus Therapeutics Holdings Inc. (ARCT) reported a net loss of $66.0M in its most recent fiscal year.

What is ARCT EV/EBITDA?

Arcturus Therapeutics Holdings Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -2.43. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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