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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and Metropolitan Bank Holding Corp. (MCB). Click either name above to swap in a different company.

Arcutis Biotherapeutics, Inc. is the larger business by last-quarter revenue ($129.5M vs $88.5M, roughly 1.5× Metropolitan Bank Holding Corp.). Metropolitan Bank Holding Corp. runs the higher net margin — 35.5% vs 13.4%, a 22.1% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 25.4%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (70.1% CAGR vs 14.3%).

Arcutis Biotherapeutics, Inc. is a clinical-stage biopharmaceutical company focused on developing and commercializing innovative prescription therapies for immune-mediated dermatological diseases. Its core product portfolio targets conditions including psoriasis, atopic dermatitis, and alopecia areata, primarily serving patients and healthcare providers across the United States, addressing unmet needs in the dermatology care segment.

Sandy Spring Bancorp, Inc. was a bank holding company headquartered in Olney, Maryland and operating in the Washington metropolitan area. In addition to banking services, the company offered commercial and personal lines of insurance, surety bonds, workers compensation insurance, and professional liability insurance protection as well as financial planning, wealth management, and asset management for high-net-worth individuals, businesses, and associations. In April 2025, the company was acqu...

ARQT vs MCB — Head-to-Head

Bigger by revenue
ARQT
ARQT
1.5× larger
ARQT
$129.5M
$88.5M
MCB
Growing faster (revenue YoY)
ARQT
ARQT
+56.1% gap
ARQT
81.5%
25.4%
MCB
Higher net margin
MCB
MCB
22.1% more per $
MCB
35.5%
13.4%
ARQT
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
70.1%
14.3%
MCB

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARQT
ARQT
MCB
MCB
Revenue
$129.5M
$88.5M
Net Profit
$17.4M
$31.4M
Gross Margin
91.0%
Operating Margin
14.2%
Net Margin
13.4%
35.5%
Revenue YoY
81.5%
25.4%
Net Profit YoY
92.2%
EPS (diluted)
$0.13
$2.92

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ARQT
ARQT
MCB
MCB
Q2 26
$129.5M
Q1 26
$105.4M
$88.5M
Q4 25
$129.5M
$88.4M
Q3 25
$99.2M
$79.8M
Q2 25
$81.5M
$76.3M
Q1 25
$65.8M
$70.6M
Q4 24
$71.4M
$71.0M
Q3 24
$44.8M
$71.5M
Net Profit
ARQT
ARQT
MCB
MCB
Q2 26
$17.4M
Q1 26
$-11.3M
$31.4M
Q4 25
$17.4M
$28.9M
Q3 25
$7.4M
$7.1M
Q2 25
$-15.9M
$18.8M
Q1 25
$-25.1M
$16.4M
Q4 24
$-10.8M
$21.4M
Q3 24
$-41.5M
$12.3M
Gross Margin
ARQT
ARQT
MCB
MCB
Q2 26
91.0%
Q1 26
90.7%
Q4 25
91.0%
Q3 25
91.2%
Q2 25
90.8%
Q1 25
86.6%
Q4 24
90.3%
Q3 24
87.7%
Operating Margin
ARQT
ARQT
MCB
MCB
Q2 26
14.2%
Q1 26
-8.6%
Q4 25
14.2%
46.6%
Q3 25
8.6%
12.8%
Q2 25
-17.9%
35.1%
Q1 25
-37.3%
33.1%
Q4 24
-10.7%
44.1%
Q3 24
-87.3%
24.6%
Net Margin
ARQT
ARQT
MCB
MCB
Q2 26
13.4%
Q1 26
-10.7%
35.5%
Q4 25
13.4%
32.6%
Q3 25
7.5%
8.9%
Q2 25
-19.5%
24.6%
Q1 25
-38.1%
23.2%
Q4 24
-15.1%
30.2%
Q3 24
-92.8%
17.2%
EPS (diluted)
ARQT
ARQT
MCB
MCB
Q2 26
$0.13
Q1 26
$-0.09
$2.92
Q4 25
$0.14
$2.74
Q3 25
$0.06
$0.67
Q2 25
$-0.13
$1.76
Q1 25
$-0.20
$1.45
Q4 24
$-0.09
$1.89
Q3 24
$-0.33
$1.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ARQT
ARQT
MCB
MCB
Cash + ST InvestmentsLiquidity on hand
$42.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$189.5M
$948.3M
Total Assets
$433.0M
$8.8B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
MCB
MCB
Q2 26
$42.9M
Q1 26
$34.8M
Q4 25
$42.9M
$393.6M
Q3 25
$47.1M
$385.9M
Q2 25
$72.7M
$152.5M
Q1 25
$53.1M
$196.5M
Q4 24
$71.3M
$200.3M
Q3 24
$134.9M
$318.5M
Total Debt
ARQT
ARQT
MCB
MCB
Q2 26
Q1 26
Q4 25
$109.0M
Q3 25
$108.5M
Q2 25
$108.0M
Q1 25
$107.6M
Q4 24
$107.2M
Q3 24
$204.6M
Stockholders' Equity
ARQT
ARQT
MCB
MCB
Q2 26
$189.5M
Q1 26
$189.6M
$948.3M
Q4 25
$189.5M
$743.1M
Q3 25
$158.1M
$732.0M
Q2 25
$139.0M
$723.0M
Q1 25
$142.7M
$737.8M
Q4 24
$157.5M
$729.8M
Q3 24
$156.6M
$715.2M
Total Assets
ARQT
ARQT
MCB
MCB
Q2 26
$433.0M
Q1 26
$460.0M
$8.8B
Q4 25
$433.0M
$8.3B
Q3 25
$371.0M
$8.2B
Q2 25
$352.4M
$7.9B
Q1 25
$344.1M
$7.6B
Q4 24
$348.9M
$7.3B
Q3 24
$437.4M
$7.4B
Debt / Equity
ARQT
ARQT
MCB
MCB
Q2 26
Q1 26
Q4 25
0.58×
Q3 25
0.69×
Q2 25
0.78×
Q1 25
0.75×
Q4 24
0.68×
Q3 24
1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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