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Side-by-side financial comparison of Arcutis Biotherapeutics, Inc. (ARQT) and Regional Management Corp. (RM). Click either name above to swap in a different company.

Regional Management Corp. is the larger business by last-quarter revenue ($167.3M vs $129.5M, roughly 1.3× Arcutis Biotherapeutics, Inc.). Arcutis Biotherapeutics, Inc. runs the higher net margin — 13.4% vs 6.8%, a 6.6% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 9.4%). Over the past eight quarters, Arcutis Biotherapeutics, Inc.'s revenue compounded faster (70.1% CAGR vs 8.2%).

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.

Millennium Management LLC is an investment management firm with a multistrategy hedge fund offering. It is one of the world's largest alternative asset management firms with $83.4 billion assets under management as of January 2026. The firm operates in America, Europe and Asia. As of 2022, Millennium had posted the fourth highest net gains of any hedge fund since its inception in 1989.

ARQT vs RM — Head-to-Head

Bigger by revenue
RM
RM
1.3× larger
RM
$167.3M
$129.5M
ARQT
Growing faster (revenue YoY)
ARQT
ARQT
+72.1% gap
ARQT
81.5%
9.4%
RM
Higher net margin
ARQT
ARQT
6.6% more per $
ARQT
13.4%
6.8%
RM
Faster 2-yr revenue CAGR
ARQT
ARQT
Annualised
ARQT
70.1%
8.2%
RM

Income Statement — Q2 FY2026 vs Q1 FY2026

Metric
ARQT
ARQT
RM
RM
Revenue
$129.5M
$167.3M
Net Profit
$17.4M
$11.4M
Gross Margin
91.0%
Operating Margin
14.2%
Net Margin
13.4%
6.8%
Revenue YoY
81.5%
9.4%
Net Profit YoY
62.7%
EPS (diluted)
$0.13
$1.18

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
RM
RM
Q2 26
$129.5M
Q1 26
$105.4M
$167.3M
Q4 25
$129.5M
$169.7M
Q3 25
$99.2M
$165.5M
Q2 25
$81.5M
$157.4M
Q1 25
$65.8M
$153.0M
Q4 24
$71.4M
$154.8M
Q3 24
$44.8M
$146.3M
Net Profit
ARQT
ARQT
RM
RM
Q2 26
$17.4M
Q1 26
$-11.3M
$11.4M
Q4 25
$17.4M
$12.9M
Q3 25
$7.4M
$14.4M
Q2 25
$-15.9M
$10.1M
Q1 25
$-25.1M
$7.0M
Q4 24
$-10.8M
$9.9M
Q3 24
$-41.5M
$7.7M
Gross Margin
ARQT
ARQT
RM
RM
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
RM
RM
Q2 26
14.2%
Q1 26
-8.6%
Q4 25
14.2%
9.5%
Q3 25
8.6%
11.5%
Q2 25
-17.9%
8.6%
Q1 25
-37.3%
6.0%
Q4 24
-10.7%
8.2%
Q3 24
-87.3%
6.9%
Net Margin
ARQT
ARQT
RM
RM
Q2 26
13.4%
Q1 26
-10.7%
6.8%
Q4 25
13.4%
7.6%
Q3 25
7.5%
8.7%
Q2 25
-19.5%
6.4%
Q1 25
-38.1%
4.6%
Q4 24
-15.1%
6.4%
Q3 24
-92.8%
5.2%
EPS (diluted)
ARQT
ARQT
RM
RM
Q2 26
$0.13
Q1 26
$-0.09
$1.18
Q4 25
$0.14
$1.30
Q3 25
$0.06
$1.42
Q2 25
$-0.13
$1.03
Q1 25
$-0.20
$0.70
Q4 24
$-0.09
$0.96
Q3 24
$-0.33
$0.76

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
RM
RM
Cash + ST InvestmentsLiquidity on hand
$42.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$189.5M
$375.8M
Total Assets
$433.0M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
RM
RM
Q2 26
$42.9M
Q1 26
$34.8M
Q4 25
$42.9M
Q3 25
$47.1M
Q2 25
$72.7M
Q1 25
$53.1M
Q4 24
$71.3M
Q3 24
$134.9M
Total Debt
ARQT
ARQT
RM
RM
Q2 26
Q1 26
Q4 25
$109.0M
$1.6B
Q3 25
$108.5M
$1.6B
Q2 25
$108.0M
$1.5B
Q1 25
$107.6M
$1.5B
Q4 24
$107.2M
$1.5B
Q3 24
$204.6M
$1.4B
Stockholders' Equity
ARQT
ARQT
RM
RM
Q2 26
$189.5M
Q1 26
$189.6M
$375.8M
Q4 25
$189.5M
$373.1M
Q3 25
$158.1M
$371.9M
Q2 25
$139.0M
$363.0M
Q1 25
$142.7M
$357.9M
Q4 24
$157.5M
$357.1M
Q3 24
$156.6M
$352.9M
Total Assets
ARQT
ARQT
RM
RM
Q2 26
$433.0M
Q1 26
$460.0M
$2.1B
Q4 25
$433.0M
$2.1B
Q3 25
$371.0M
$2.0B
Q2 25
$352.4M
$2.0B
Q1 25
$344.1M
$1.9B
Q4 24
$348.9M
$1.9B
Q3 24
$437.4M
$1.8B
Debt / Equity
ARQT
ARQT
RM
RM
Q2 26
Q1 26
Q4 25
0.58×
4.40×
Q3 25
0.69×
4.23×
Q2 25
0.78×
4.14×
Q1 25
0.75×
4.11×
Q4 24
0.68×
4.12×
Q3 24
1.31×
3.94×

Financial Flow Comparison

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

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