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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and Proto Labs Inc (PRLB). Click either name above to swap in a different company.

Proto Labs Inc is the larger business by last-quarter revenue ($136.5M vs $129.5M, roughly 1.1× Arcutis Biotherapeutics, Inc.). On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 12.1%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (61.6% CAGR vs 3.3%).

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.

Protolabs is a company that provides rapid manufacturing of 3D printed, CNC-machined, sheet metal, and injection-molded custom parts for prototyping and production. Markets like medical devices, aerospace, electronics, appliances, automotive and consumer products use these parts. Protolabs' headquarters are located in Maple Plain, Minnesota, with Minnesota-based manufacturing facilities in Plymouth, Brooklyn Park, and Rosemount, along with additional facilities in Nashua, New Hampshire and Ca...

ARQT vs PRLB — Head-to-Head

Bigger by revenue
PRLB
PRLB
1.1× larger
PRLB
$136.5M
$129.5M
ARQT
Growing faster (revenue YoY)
ARQT
ARQT
+69.4% gap
ARQT
81.5%
12.1%
PRLB
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
61.6%
3.3%
PRLB

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ARQT
ARQT
PRLB
PRLB
Revenue
$129.5M
$136.5M
Net Profit
$17.4M
Gross Margin
91.0%
44.2%
Operating Margin
14.2%
5.0%
Net Margin
13.4%
Revenue YoY
81.5%
12.1%
Net Profit YoY
261.2%
EPS (diluted)
$0.14
$0.25

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
PRLB
PRLB
Q4 25
$129.5M
$136.5M
Q3 25
$99.2M
$135.4M
Q2 25
$81.5M
$135.1M
Q1 25
$65.8M
$126.2M
Q4 24
$71.4M
$121.8M
Q3 24
$44.8M
$125.6M
Q2 24
$30.9M
$125.6M
Q1 24
$49.6M
$127.9M
Net Profit
ARQT
ARQT
PRLB
PRLB
Q4 25
$17.4M
Q3 25
$7.4M
$7.2M
Q2 25
$-15.9M
$4.4M
Q1 25
$-25.1M
$3.6M
Q4 24
$-10.8M
Q3 24
$-41.5M
$7.2M
Q2 24
$-52.3M
$4.5M
Q1 24
$-35.4M
$5.3M
Gross Margin
ARQT
ARQT
PRLB
PRLB
Q4 25
91.0%
44.2%
Q3 25
91.2%
45.3%
Q2 25
90.8%
44.3%
Q1 25
86.6%
44.1%
Q4 24
90.3%
42.7%
Q3 24
87.7%
45.6%
Q2 24
88.8%
45.0%
Q1 24
93.4%
44.9%
Operating Margin
ARQT
ARQT
PRLB
PRLB
Q4 25
14.2%
5.0%
Q3 25
8.6%
6.5%
Q2 25
-17.9%
3.7%
Q1 25
-37.3%
3.6%
Q4 24
-10.7%
-1.2%
Q3 24
-87.3%
6.8%
Q2 24
-162.3%
4.8%
Q1 24
-63.8%
5.3%
Net Margin
ARQT
ARQT
PRLB
PRLB
Q4 25
13.4%
Q3 25
7.5%
5.3%
Q2 25
-19.5%
3.3%
Q1 25
-38.1%
2.9%
Q4 24
-15.1%
Q3 24
-92.8%
5.7%
Q2 24
-169.6%
3.6%
Q1 24
-71.4%
4.1%
EPS (diluted)
ARQT
ARQT
PRLB
PRLB
Q4 25
$0.14
$0.25
Q3 25
$0.06
$0.30
Q2 25
$-0.13
$0.18
Q1 25
$-0.20
$0.15
Q4 24
$-0.09
$-0.01
Q3 24
$-0.33
$0.29
Q2 24
$-0.42
$0.18
Q1 24
$-0.32
$0.20

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
PRLB
PRLB
Cash + ST InvestmentsLiquidity on hand
$42.9M
$128.1M
Total DebtLower is stronger
$109.0M
Stockholders' EquityBook value
$189.5M
$673.9M
Total Assets
$433.0M
$763.4M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
PRLB
PRLB
Q4 25
$42.9M
$128.1M
Q3 25
$47.1M
$119.2M
Q2 25
$72.7M
$103.2M
Q1 25
$53.1M
$96.8M
Q4 24
$71.3M
$103.1M
Q3 24
$134.9M
$100.5M
Q2 24
$84.3M
$112.9M
Q1 24
$190.1M
$109.7M
Total Debt
ARQT
ARQT
PRLB
PRLB
Q4 25
$109.0M
Q3 25
$108.5M
Q2 25
$108.0M
Q1 25
$107.6M
Q4 24
$107.2M
Q3 24
$204.6M
Q2 24
$203.8M
Q1 24
$202.8M
Stockholders' Equity
ARQT
ARQT
PRLB
PRLB
Q4 25
$189.5M
$673.9M
Q3 25
$158.1M
$664.7M
Q2 25
$139.0M
$664.7M
Q1 25
$142.7M
$656.8M
Q4 24
$157.5M
$670.2M
Q3 24
$156.6M
$680.0M
Q2 24
$186.4M
$685.2M
Q1 24
$224.9M
$687.3M
Total Assets
ARQT
ARQT
PRLB
PRLB
Q4 25
$433.0M
$763.4M
Q3 25
$371.0M
$756.9M
Q2 25
$352.4M
$743.3M
Q1 25
$344.1M
$737.5M
Q4 24
$348.9M
$743.5M
Q3 24
$437.4M
$753.8M
Q2 24
$444.8M
$758.2M
Q1 24
$478.5M
$769.8M
Debt / Equity
ARQT
ARQT
PRLB
PRLB
Q4 25
0.58×
Q3 25
0.69×
Q2 25
0.78×
Q1 25
0.75×
Q4 24
0.68×
Q3 24
1.31×
Q2 24
1.09×
Q1 24
0.90×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ARQT
ARQT
PRLB
PRLB
Operating Cash FlowLast quarter
$26.2M
$16.5M
Free Cash FlowOCF − Capex
$8.4M
FCF MarginFCF / Revenue
6.2%
Capex IntensityCapex / Revenue
0.0%
5.9%
Cash ConversionOCF / Net Profit
1.51×
TTM Free Cash FlowTrailing 4 quarters
$59.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQT
ARQT
PRLB
PRLB
Q4 25
$26.2M
$16.5M
Q3 25
$-1.8M
$29.1M
Q2 25
$324.0K
$10.6M
Q1 25
$-30.4M
$18.4M
Q4 24
$-748.0K
$17.3M
Q3 24
$-34.7M
$24.8M
Q2 24
$-45.1M
$14.4M
Q1 24
$-31.6M
$21.3M
Free Cash Flow
ARQT
ARQT
PRLB
PRLB
Q4 25
$8.4M
Q3 25
$25.0M
Q2 25
$246.0K
$9.1M
Q1 25
$-31.0M
$17.1M
Q4 24
$16.5M
Q3 24
$-34.8M
$23.2M
Q2 24
$10.2M
Q1 24
$18.8M
FCF Margin
ARQT
ARQT
PRLB
PRLB
Q4 25
6.2%
Q3 25
18.5%
Q2 25
0.3%
6.7%
Q1 25
-47.1%
13.6%
Q4 24
13.5%
Q3 24
-77.8%
18.5%
Q2 24
8.2%
Q1 24
14.7%
Capex Intensity
ARQT
ARQT
PRLB
PRLB
Q4 25
0.0%
5.9%
Q3 25
0.0%
3.0%
Q2 25
0.1%
1.1%
Q1 25
0.9%
1.0%
Q4 24
0.0%
0.7%
Q3 24
0.3%
1.2%
Q2 24
0.0%
3.3%
Q1 24
0.0%
2.0%
Cash Conversion
ARQT
ARQT
PRLB
PRLB
Q4 25
1.51×
Q3 25
-0.24×
4.03×
Q2 25
2.39×
Q1 25
5.11×
Q4 24
Q3 24
3.44×
Q2 24
3.18×
Q1 24
4.05×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARQT
ARQT

Segment breakdown not available.

PRLB
PRLB

CNC Machining Firstcut$65.5M48%
Injection Molding Protomold$47.6M35%
Three D Printing Fineline$18.8M14%
Sheet Metal$4.4M3%

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