RCUS

Arcus Biosciences, Inc.

Fundamental data last updated:June 12, 2026

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company profile

SECTOR

Healthcare

industry

Biotechnology

Exchange

NYSE

County of HQ

US

Next Earnings Date

08/05/2026

Business Summary

Arcus Biosciences, Inc., a clinical-stage biopharmaceutical company, develops and commercializes cancer therapies in the United States. Its product pipeline includes, Etrumadenant, a dual A2a/A2b adenosine receptor antagonist, which is in a Phase 1b/2 clinical trial; and Zimberelimab, an anti-PD-1 antibody that is in Phase 1b clinical trial for monotherapy. The company also develops Domvanalimab, an anti-TIGIT monoclonal antibody, which is in Phase 2 development for the treatment of first-line metastatic non-small cell lung cancer in combination with Zimberelimab; Quemliclustat, a small-molecule CD73 inhibitor is in a Phase 1/1b study for the treatment of first-line metastatic pancreatic cancer; and AB521, an oral and small molecule HIF-2a inhibitor that is in Phase 1 study for the treatment of patients with von Hippel- Lindau disease. It has a clinical development collaboration agreement with Strata Oncology, Inc. to evaluate Zimberelimab; a collaboration with AstraZeneca, BVF Partners L.P to evaluate domvanalimab, its investigational anti-TIGIT antibody, in combination with Imfinzi (durvalumab) in a registrational Phase 3 clinical trial in patients with unresectable Stage III non-small cell lung cancer; and license agreements with Taiho Pharmaceutical Co., Ltd, Abmuno Therapeutics LLC, and WuXi Biologics to develop anti-CD39 antibody for the treatment of cancer. The company was incorporated in 2015 and is headquartered in Hayward, California.

 


VALUATION

P/E

-8.32

Market Cap ($M USD)

$2.46B

Forward P/E

15.20

PEG

0.10

PRICE TO SALES

10.44

PRICE TO BOOK

5.86

EV / EBITDA

-6.97

5-Year Average P/E

Free Cash Flow Yield

-19.84%

DCF Value

$-37.83

Graham Number

N/A

Price to FCF

-5.04

EV to FCF

-4.83

Earnings Yield

-12.02%

FCF Yield

-19.84%

DIVIDEND

Yield

0.00%

Annual Payout

$0.00

Payout Ratio

0.00%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

-$2.94

Next Year EPS Growth Estimate

$1.61

Next Year Revenue Growth Estimate

$91.32B

Return on Equity (ROE)

-68.97%

FREE CASH FLOW

Operating Margin

-168.64%

Debt-to-Equity

0.16

Piotroski F-Score

1

Altman Z-Score

0.58

Return on Invested Capital (ROIC)

-50.51%

Current Ratio

4.04

Quick Ratio

4.04

Net Debt to EBITDA

0.30

Interest Coverage

-18.09

Gross Profit margin

97.03%

FCF PER SHARE

$-3.90

REVENUE PER SHARE

$1.88

Gainseekers Quantitative Analysis

Summary

The market’s current valuation of Arcus Biosciences, Inc. seems to be a tale of two extremes. Despite a Forward P/E of 13.34 suggesting potential growth, the negative DCF Value and Graham Number indicate a significant mispricing. The Altman Z-score of 0.82 raises red flags about financial distress, while the negative Earnings Yield further underscores profitability concerns. With a Piotroski F-Score of 1, the company shows weak financial health, making it a risky bet for conservative investors. However, the Forward PEG ratio of 0.08 hints at undervaluation if growth materializes, creating a complex narrative for potential investors.

AI Exposure / Tech Reliance

In the rapidly evolving biotechnology sector, Arcus Biosciences is well-positioned to leverage AI advancements for drug discovery and personalized medicine. The industry's inherent reliance on cutting-edge technology provides a fertile ground for integrating AI solutions. However, the company's ability to capitalize on these opportunities will depend on its strategic investments and partnerships.

The Bull Case

For a GARP investor, Arcus Biosciences presents an intriguing opportunity. Despite a negative ROIC of -50.51%, the Forward PEG ratio of 0.08 suggests significant growth potential at a bargain. The company's robust Current Ratio of 4.04 indicates strong liquidity, providing a cushion for future investments. While the Piotroski F-Score is low, the impressive Sales Growth forecast could translate into improved margins and capital efficiency, making it a speculative yet potentially rewarding play.

The Bear Case

Arcus Biosciences faces substantial structural risks that cannot be ignored. The Price/Book ratio of 6.07 and Price/Sales of 10.82 suggest an overvaluation relative to its tangible assets and revenue. The negative FCF Yield and Price to FCF ratio highlight poor cash flow generation, raising concerns about sustainability. Additionally, with the stock trading close to its 52-week high, it appears technically overextended, increasing the risk of a pullback.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$31.17

Institutional Ownership %

1-Year Beta

0.87

Insider Buying % (6 Mo)

Distance to 52-Week High

17.32%

Distance to 52-Week Low

67.69%

EARNINGS SURPRISE %

-10.87%

50-DAY SMA

$23.57

200-DAY SMA

$19.93

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.