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Arcturus Therapeutics Holdings Inc. (ARCT) stock

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NASDAQ: ARCT Nasdaq Biotechnology Next results ~November 5, 2026

C Fundamentals grade

Arcturus Therapeutics Holdings Inc. is a US-listed company in the biotechnology industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$8.0

Valuation models combined (2)

Base case. Range ~$3.1–$9.2. Weighted average of 2 models (growth cash-flow model, forward price-to-sales vs peers), the growth cash-flow model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Arcturus Therapeutics Holdings Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Funds74 adding, 48 cuttingOf 24 active managers that changed their stake, 14 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Arcturus Therapeutics files

Where Arcturus Therapeutics stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $29m, down 76.0% on a year earlier, a steeper fall than the 61.9% decline a quarter earlier. That puts it 110 of 122 for growth among the biotechnology companies we cover. Free-cash-flow margin fell to -248.0% from -53.4% a year earlier. Operating margin narrowed to -348.3% from -59.4%. The diluted share count is up 3.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 2 of our 2 financial-health checks. Our price-to-sales vs peers value is $2.62 a share, against a share price of $12.06.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Arcturus Therapeutics Holdings Inc.'s trailing-twelve-month revenue fell 76.0% year on year, with a free-cash-flow margin of -248.0%. Where it stands out: days sales outstanding of 23 days ranks 14 of 100 biotechnology companies we cover. Where it lags: revenue growth of -76.0% ranks 156 of 172 biotechnology companies we cover.

Current signal Revenue growth decelerating: TTM revenue growth slowed to -76.0% (-14.0pp vs the prior quarter), the 5th consecutive quarterly slowdown.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Net cash. Cash exceeds long-term debt by $0.2bn.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Revenue shrinking. Revenue fell 76.0% over the last 12 months.
  • Growth slowing. The growth rate is 14.0 points lower than a quarter earlier.
  • Loss-making. Operating margin is -348.3%: costs exceed revenue.
  • Margins narrowing. Operating margin is down 288.9 points on a year ago.
  • Burning cash. Free cash flow was -248.0% of revenue over the last 12 months.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
-$0.84 against an average estimate of -$1.03: beat by 18.1%
Revenue
$3m, down 89.5% on a year earlier
Share reaction
+18.4% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 5, 2026; average EPS estimate -$0.68

Arcturus Therapeutics' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-14.0%
  • 1 week-4.2%
  • 1 month-27.2%
  • This year+54.8%
  • 1 year-4.8%
  • 5 years-79.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$29.4M
Operating margin
-348.3%
Net margin
-317.6%
EPS (TTM, diluted)
$-3.33

Growth

Revenue growth
−76.0%
Change in growth rate
−14.0 pts
Share count change
+3.5%

Cash

Free cash flow (TTM)
-$72.8M
FCF margin
-248.0%
Stock pay % of revenue
71.9%

Earnings

Last results
August 6, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Announcement
  3. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Arcturus Therapeutics Holdings Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Arcturus Therapeutics Holdings Inc. as an operating company, with every model that fits that kind of business. Cost of equity 11.3%: the 10-year Treasury yield (4.9%) plus a beta of 1.4 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$9.2 ~$7.3–$11 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. — Does not apply: no positive earnings in the latest twelve months
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: the model gives no positive value
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$3.1 ~$3.2–$12 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. — Does not apply: revenue and margins don't support a positive value
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$8.0 ~$3.1–$9.2 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Arcturus Therapeutics Holdings Inc. with Biotechnology in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20182019202020212022202320242025Now
Share price$4.53$10.87$43.38$37.01$16.96$31.53$16.97$6.13$9.49
Market value$46m$131m$881m$974m$459m$840m$458m$168m$266m
+ Net debt (− = net cash)−$27m−$56m−$448m−$307m−$299m−$272m−$237m−$231m−$191m
Enterprise value$19m$75m$433m$667m$160m$568m$221m−$63m$75m
Multiples
Price / sales 2.9x6.3x92.3x78.8x2.2x5.0x3.0x2.0x9.1x
Price / earnings ————49.1x————
Price / free cash flow ————18.9x————
EV / EBITDA ————11.7x————

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

9 /100

Weak moat

How hard Arcturus Therapeutics's competitive advantage looks for rivals to wear away, judged from 8 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median -22.6% of total assets over 8 years.

  • Durability 10 / 20

    Operating margin has been a median -198.3%; its worst year was -1878.4%.

  • Cash conversion 1 / 20

    Free cash flow was positive in 1 of 8 years, at a median -150.7% of revenue.

  • Discipline 0 / 20

    The diluted share count rose 83.8% over five years; stock-based pay has been a median 26.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (14 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, after the close. Analysts expect revenue of $8m and EPS of −$0.68 (range −$0.92 to −$0.29) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current −$3.45 −44% $19m −77%
Next −$3.70 −7% $29m +55%

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −10.4% on 90 days ago. In the last 30 days, 0 analysts raised Arcturus Therapeutics Holdings Inc.'s forecast and 1 cut it.

Consensus EPS forecast Arcturus Therapeutics Holdings Inc., last 90 days
−$6.00 −$4.00 −$2.00 $0.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: −$3.86 Current fiscal year, 60 days ago: −$3.37 Current fiscal year, 30 days ago: −$3.42 Current fiscal year, 7 days ago: −$3.42 Current fiscal year, Now: −$3.45 −$3.45 Next fiscal year, 90 days ago: −$4.02 Next fiscal year, 60 days ago: −$3.78 Next fiscal year, 30 days ago: −$3.61 Next fiscal year, 7 days ago: −$3.62 Next fiscal year, Now: −$3.70 −$3.70

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago −$3.86−$4.02
60 days ago −$3.37−$3.78
30 days ago −$3.42−$3.61
7 days ago −$3.42−$3.62
Now −$3.45−$3.70

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 −$1.03 −$0.84 +18.1%
Mar 2026 −$1.01 −$0.95 +6.2%
Dec 2025 −$0.76 −$1.03 −36.4%
Sept 2025 −$0.80 −$0.49 +38.7%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Arcturus Therapeutics Holdings Inc.'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

13 analysts, Oct 2026
Buy1185%
Hold215%
Sell00%

Monthly trend

  1. Oct 2026110213
  2. Sep 2026110213
  3. Aug 202619313
  4. Jul 202619313

Counts of recommendations published by analysts covering Arcturus Therapeutics Holdings Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
23.9%
of tradable shares
Days to cover
6.99
at average volume
Short interest, 1 month
−0%
to October 15, 2026
Held by institutions
76%
of shares
Held by insiders
8.0%
of shares
Employees
106
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months −4.8%

$9.97 on October 31, 2025 to $9.49

ThenNowEffect
Revenue (last 12 months) $122m $29m −76.0%
P/S multiple 2.2x 9.1x +309.6%
Share count 27m 28m −3.4%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −51.5%

$19.58 on November 3, 2023 to $9.49

ThenNowEffect
Revenue (last 12 months) $264m $29m −88.9%
P/S multiple 2.0x 9.1x +359.2%
Share count 27m 28m −4.9%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ARCT−15%−54%+86%−46%−64%+55%
Industry peers (median)−36%−57%−18%−28%−5%−27%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ARCT25%50%67%42%33%36%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ARCT−70%−69%−53%−67%−75%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 96% from December 7, 2020 to July 24, 2026. Getting back needed a 2136% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$5.53 – $16.93
From 52-week high
−43.9%
vs 50-day average
−29.9%
vs 200-day average
+5.3%
Volatility (1 year)
79%
Beta vs S&P 500
2.09

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
6 up, 6 down
typical move ±9.5%
After a week
6 up, 6 down
typical move ±15.9%
After a month
6 up, 6 down
typical move ±33.5%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +18.4% +0.5% +25.6% +152.7%
May 7, 2026 +1.0% +0.5% −14.2% −22.0%
March 3, 2026 −9.2% −0.2% −8.7% −6.0%
November 10, 2025 −0.6% +1.8% −22.5% −12.0%
August 11, 2025 +25.0% +0.9% +50.4% +51.0%
May 12, 2025 +8.0% +4.0% +9.2% +13.3%
March 6, 2025 −9.3% −1.2% −13.4% −43.2%
November 7, 2024 +7.1% +1.2% +0.1% +2.7%
August 5, 2024 −3.5% −2.0% −7.8% −7.3%
May 8, 2024 −2.8% +0.6% +5.3% +15.5%
March 7, 2024 −2.4% +0.4% −3.7% −18.1%
November 14, 2023 +27.2% +2.2% +29.5% +58.3%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Arcturus Therapeutics Holdings Inc. in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Arcturus Therapeutics Holdings Inc.
$0 $100M $200M $300M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $296.2M Revenue (TTM), FY23 Q4: $166.8M Revenue (TTM), FY24 Q1: $124.5M Revenue (TTM), FY24 Q2: $163.9M Revenue (TTM), FY24 Q3: $160.4M Revenue (TTM), FY24 Q4: $152.3M Revenue (TTM), FY25 Q1: $143.7M Revenue (TTM), FY25 Q2: $122.1M Revenue (TTM), FY25 Q3: $97.6M Revenue (TTM), FY25 Q4: $82M Revenue (TTM), FY26 Q1: $54.7M Revenue (TTM), FY26 Q2: $29.4M $29.4M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $296.2M
FY23 Q4 $166.8M
FY24 Q1 $124.5M
FY24 Q2 $163.9M
FY24 Q3 $160.4M
FY24 Q4 $152.3M
FY25 Q1 $143.7M
FY25 Q2 $122.1M
FY25 Q3 $97.6M
FY25 Q4 $82M
FY26 Q1 $54.7M
FY26 Q2 $29.4M
Revenue growth, TTM YoY Arcturus Therapeutics Holdings Inc.
-200% 0% 200% 400% 600% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 475.2% Revenue growth, TTM YoY, FY23 Q4: -19.0% Revenue growth, TTM YoY, FY24 Q1: -55.7% Revenue growth, TTM YoY, FY24 Q2: -38.0% Revenue growth, TTM YoY, FY24 Q3: -45.9% Revenue growth, TTM YoY, FY24 Q4: -8.7% Revenue growth, TTM YoY, FY25 Q1: 15.4% Revenue growth, TTM YoY, FY25 Q2: -25.5% Revenue growth, TTM YoY, FY25 Q3: -39.2% Revenue growth, TTM YoY, FY25 Q4: -46.1% Revenue growth, TTM YoY, FY26 Q1: -61.9% Revenue growth, TTM YoY, FY26 Q2: -76.0% -76.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 475.2%
FY23 Q4 -19.0%
FY24 Q1 -55.7%
FY24 Q2 -38.0%
FY24 Q3 -45.9%
FY24 Q4 -8.7%
FY25 Q1 15.4%
FY25 Q2 -25.5%
FY25 Q3 -39.2%
FY25 Q4 -46.1%
FY26 Q1 -61.9%
FY26 Q2 -76.0%
Operating margin (TTM) Arcturus Therapeutics Holdings Inc.
-400% -300% -200% -100% 0% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 20.8% Operating margin (TTM), FY23 Q4: -46.9% Operating margin (TTM), FY24 Q1: -99.1% Operating margin (TTM), FY24 Q2: -54.4% Operating margin (TTM), FY24 Q3: -50.2% Operating margin (TTM), FY24 Q4: -62.8% Operating margin (TTM), FY25 Q1: -57.1% Operating margin (TTM), FY25 Q2: -59.4% Operating margin (TTM), FY25 Q3: -80.3% Operating margin (TTM), FY25 Q4: -93.0% Operating margin (TTM), FY26 Q1: -161.5% Operating margin (TTM), FY26 Q2: -348.3% -348.3%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 20.8%
FY23 Q4 -46.9%
FY24 Q1 -99.1%
FY24 Q2 -54.4%
FY24 Q3 -50.2%
FY24 Q4 -62.8%
FY25 Q1 -57.1%
FY25 Q2 -59.4%
FY25 Q3 -80.3%
FY25 Q4 -93.0%
FY26 Q1 -161.5%
FY26 Q2 -348.3%
FCF margin (TTM) Arcturus Therapeutics Holdings Inc.
-300% -200% -100% 0% 100% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 46.2% FCF margin (TTM), FY23 Q4: -12.6% FCF margin (TTM), FY24 Q1: 7.8% FCF margin (TTM), FY24 Q2: -43.4% FCF margin (TTM), FY24 Q3: -38.4% FCF margin (TTM), FY24 Q4: -39.7% FCF margin (TTM), FY25 Q1: -62.6% FCF margin (TTM), FY25 Q2: -53.4% FCF margin (TTM), FY25 Q3: -60.1% FCF margin (TTM), FY25 Q4: -90.8% FCF margin (TTM), FY26 Q1: -107.2% FCF margin (TTM), FY26 Q2: -248.0% -248.0%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 46.2%
FY23 Q4 -12.6%
FY24 Q1 7.8%
FY24 Q2 -43.4%
FY24 Q3 -38.4%
FY24 Q4 -39.7%
FY25 Q1 -62.6%
FY25 Q2 -53.4%
FY25 Q3 -60.1%
FY25 Q4 -90.8%
FY26 Q1 -107.2%
FY26 Q2 -248.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 16 21 10 12 206 167 152 82 29
EBITDA −21 −25 −71 −202 14 −75 −92 −73 −100
Operating income −22 −26 −72 −203 12 −78 −96 −76 −102
Net income −22 −26 −72 −204 9 −30 −81 −66 −93
Diluted EPS −$2.16 −$2.15 −$3.55 −$7.74 $0.35 −$1.12 −$3.00 −$2.40 −$3.33
Growth (year on year)
Revenue — +32.0% −54.1% +29.6% +>999% −19.0% −8.7% −46.1% −76.0%
EBITDA — — — — — −649.1% — — —
Operating income — — — — — −742.2% — — —
Net income — — — — — −417.9% — — —
Diluted EPS — — — — — −420.0% — — —
Margins
EBITDA margin −134.8% −119.4% −740.6% <−999% 6.7% −45.1% −60.5% −89.3% −339.0%
Operating margin −138.5% −122.7% −749.8% <−999% 5.9% −46.9% −62.8% −93.0% −348.3%
Net margin −138.3% −125.0% −756.3% <−999% 4.5% −17.8% −53.1% −80.2% −317.6%
Free-cash-flow margin −141.2% −34.9% −467.6% <−999% 11.8% −12.6% −39.7% −90.8% −248.0%
Cash flow
Cash from operations −21 −6 −43 −135 32 −18 −60 −74 −73
Capital spending 1 1 2 3 8 3 1 0 0
Free cash flow −22 −7 −45 −138 24 −21 −60 −75 −73
Stock-based pay 1 2 7 29 31 35 38 25 21
Free cash flow after stock pay −23 −9 −51 −167 −6 −56 −98 −100 −94
Balance sheet
Cash 37 71 463 370 392 292 237 231 191
Total debt 10 15 15 63 93 20 0 — 0
Net debt (negative = net cash) −27 −56 −448 −307 −299 −272 −237 −231 −191
Diluted shares 10m 12m 20m 26m 27m 27m 27m 27m 28m

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 2 checks passed · June 30, 2026
What it owns · $224m
Short-term assets $197mLonger-term assets $27m
What it owes, and who funded it · $224m
Short-term liabilities $34mLonger-term liabilities $19mShareholders' equity $172m
  • Short-term assets cover short-term liabilities $197m of assets due within a year against $34m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $197m short-term assets against $19m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Arcturus Therapeutics Holdings Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Diluted share count
+3.5%
year over year
R&D spending
295.5%
of revenue
Days sales outstanding
23 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in biotechnology
Last 12 months unless stated ARCT TNXP GLUE STOK ABEO CRSP Median
Revenue, last 12 months $29m $29m $29m $28m $26m $25m $56m
Revenue growth, last 12 months −76.0% 196.0% −83.9% −86.2% −87.7% −34.3% 12.6%
Revenue growth, 3-year average −51.9% — — 46.1% 212.0% −47.1% 13.7%
Revenue growth, latest quarter −89.5% 577.9% −61.3% −32.5% >999% >999% 10.2%
Gross margin — 83.8% — — 67.1% — 82.9%
Operating margin −348.3% −568.4% −633.0% −809.7% −327.6% <−999% −189.4%
Operating margin, 3-year average −154.0% −881.2% <−999% −515.1% <−999% <−999% −363.5%
Net margin −317.6% −548.6% −560.8% −753.6% −246.4% <−999% −169.8%
Cash from operations / revenue −247.7% −525.7% −83.8% −645.2% −299.5% <−999% −168.0%
Free-cash-flow margin −248.0% −543.3% −111.7% −654.9% −319.5% <−999% −162.4%
Free-cash-flow margin, 3-year average −114.9% −605.0% −424.9% −385.4% <−999% −793.9% −310.0%
Stock pay / revenue 71.9% 27.3% 71.7% 135.7% 45.4% 276.8% 20.0%
Change in share count 3.5% — 11.9% 7.1% 36.6% 10.0% 8.2%

Median of all 184 companies we cover in biotechnology. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

184 biotechnology companies
Measure Company Peer median Rank
Revenue growth Growth -76.0% 12.6% 156 of 172
Change in growth rate Growth -14.0pp -0.1pp 117 of 172
Operating margin Profitability -348.3% -189.4% 112 of 175
Net margin Profitability -317.6% -157.3% 114 of 180
Free-cash-flow margin Cash generation -248.0% -145.4% 108 of 176
Stock pay as % of revenue Cash generation 71.9% 19.2% 128 of 179
Long-term debt as % of assets Balance sheet 4.5% 20.6% 21 of 78
Change in share count Balance sheet 3.5% 7.9% 57 of 156
Days sales outstanding Balance sheet 23 days 75 days 14 of 100

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Collaboration Revenue $67.2M 81.9% ▼ 51.4%
Grant $14.8M 18.1% ▲ 6.4%

From Arcturus Therapeutics Holdings Inc.'s 10-K filed March 3, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$168M
Institutions reporting
134
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
19 / 8

Top buyers and sellers, Q2 2026: 74 institutions bought and 48 sold ; the biggest buyer was AQR Capital Management LLC (+514K shares) and the biggest seller Amova Asset Management Americas, Inc (−328K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Federated Hermes, Inc. $22.2M 3.3M 13.2% 0.0%
ARK Investment Management LLC $19.5M 2.9M 11.6% ▲ 4.8%
Blackrock, Inc. $17.6M 2.6M 10.5% 0.0%
Sumitomo Mitsui Trust Group, Inc. $13.2M 2.0M 7.9% ▼ 14.2%
Amova Asset Management Americas, Inc. $13.1M 2.0M 7.8% ▼ 14.4%
Vanguard Capital Management LLC $7.5M 1.1M 4.5% ▲ 0.7%
Two Sigma Investments, LP $7.3M 1.1M 4.4% ▲ 0.9%
Vanguard Portfolio Management LLC $6.4M 952K 3.8% ▼ 2.7%
Geode Capital Management, LLC $4.7M 694K 2.8% ▲ 5.0%
AQR Capital Management LLC $4.5M 675K 2.7% ▲ 318.5%
Jacobs Levy Equity Management, Inc $4.4M 648K 2.6% ▲ 225.8%
State Street Corp $3.8M 570K 2.3% ▲ 4.7%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Arcturus Therapeutics Holdings Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $0 net buying

No open-market insider trades reported in the last 12 months.

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 7, 2026
  • March 3, 2026
  • November 10, 2025
  • August 11, 2025
  • May 12, 2025

Recent SEC filings

Data status

When each part of this page on Arcturus Therapeutics Holdings Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Arcturus Therapeutics Holdings Inc. in brief

What does Arcturus Therapeutics Holdings Inc. do?
Arcturus Therapeutics Holdings Inc. is a US-listed company in the biotechnology industry. Its financial year ends in December.
What is Arcturus Therapeutics Holdings Inc.'s stock ticker?
Arcturus Therapeutics Holdings Inc. trades under the ticker ARCT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Arcturus Therapeutics Holdings Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Arcturus Therapeutics Holdings Inc. reported revenue of $29.4M, 76.0% lower than a year earlier, according to its SEC filings.
What is Arcturus Therapeutics Holdings Inc.'s free cash flow?
Arcturus Therapeutics Holdings Inc.'s free-cash-flow margin is -248.0% of revenue over the trailing twelve months, ranking 108 of the 176 biotechnology companies we cover.
Who are Arcturus Therapeutics Holdings Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Federated Hermes, Inc., ARK Investment Management LLC and Blackrock, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Arcturus Therapeutics Holdings Inc.'s market cap?
On November 2, 2026, Arcturus Therapeutics Holdings Inc.'s market capitalisation was about $266M and net debt of -$191M. Market figures come from third-party market data and may be delayed.
Who are Arcturus Therapeutics Holdings Inc.'s competitors?
In our Biotechnology peer group, the companies closest to Arcturus Therapeutics Holdings Inc. are Tonix Pharmaceuticals Holding Corp., Monte Rosa Therapeutics, Inc., Stoke Therapeutics, Inc., Abeona Therapeutics Inc. and Crispr Therapeutics AG. The side-by-side comparison below sets their revenue, margins and growth against Arcturus Therapeutics Holdings Inc.'s.
When is Arcturus Therapeutics Holdings Inc.'s next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Arcturus Therapeutics Holdings Inc. announces its own schedule.