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

Arcutis Biotherapeutics, Inc. is the larger business by last-quarter revenue ($129.5M vs $66.7M, roughly 1.9× RMR GROUP INC.). RMR GROUP INC. runs the higher net margin — 18.3% vs 13.4%, a 4.8% gap on every dollar of revenue. On growth, Arcutis Biotherapeutics, Inc. posted the faster year-over-year revenue change (81.5% vs 40.8%).

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.

RMR Group Inc. is a U.S.-headquartered alternative asset management firm specializing in real estate and real estate-related investments. It operates across commercial property, residential real estate, and infrastructure segments, serving institutional investors, high-net-worth individuals, and retail clients across key global markets.

ARQT vs RMR — Head-to-Head

Bigger by revenue
ARQT
ARQT
1.9× larger
ARQT
$129.5M
$66.7M
RMR
Growing faster (revenue YoY)
ARQT
ARQT
+40.7% gap
ARQT
81.5%
40.8%
RMR
Higher net margin
RMR
RMR
4.8% more per $
RMR
18.3%
13.4%
ARQT

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
ARQT
ARQT
RMR
RMR
Revenue
$129.5M
$66.7M
Net Profit
$17.4M
$12.2M
Gross Margin
91.0%
Operating Margin
14.2%
48.1%
Net Margin
13.4%
18.3%
Revenue YoY
81.5%
40.8%
Net Profit YoY
261.2%
91.1%
EPS (diluted)
$0.14
$0.71

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
RMR
RMR
Q4 25
$129.5M
$66.7M
Q3 25
$99.2M
Q2 25
$81.5M
Q1 25
$65.8M
Q4 24
$71.4M
Q3 24
$44.8M
Q2 24
$30.9M
Q1 24
$49.6M
Net Profit
ARQT
ARQT
RMR
RMR
Q4 25
$17.4M
$12.2M
Q3 25
$7.4M
Q2 25
$-15.9M
Q1 25
$-25.1M
Q4 24
$-10.8M
Q3 24
$-41.5M
Q2 24
$-52.3M
Q1 24
$-35.4M
Gross Margin
ARQT
ARQT
RMR
RMR
Q4 25
91.0%
Q3 25
91.2%
Q2 25
90.8%
Q1 25
86.6%
Q4 24
90.3%
Q3 24
87.7%
Q2 24
88.8%
Q1 24
93.4%
Operating Margin
ARQT
ARQT
RMR
RMR
Q4 25
14.2%
48.1%
Q3 25
8.6%
Q2 25
-17.9%
Q1 25
-37.3%
Q4 24
-10.7%
Q3 24
-87.3%
Q2 24
-162.3%
Q1 24
-63.8%
Net Margin
ARQT
ARQT
RMR
RMR
Q4 25
13.4%
18.3%
Q3 25
7.5%
Q2 25
-19.5%
Q1 25
-38.1%
Q4 24
-15.1%
Q3 24
-92.8%
Q2 24
-169.6%
Q1 24
-71.4%
EPS (diluted)
ARQT
ARQT
RMR
RMR
Q4 25
$0.14
$0.71
Q3 25
$0.06
Q2 25
$-0.13
Q1 25
$-0.20
Q4 24
$-0.09
Q3 24
$-0.33
Q2 24
$-0.42
Q1 24
$-0.32

Balance Sheet & Financial Strength

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

Metric
ARQT
ARQT
RMR
RMR
Cash + ST InvestmentsLiquidity on hand
$42.9M
$49.3M
Total DebtLower is stronger
$109.0M
Stockholders' EquityBook value
$189.5M
$232.7M
Total Assets
$433.0M
$687.1M
Debt / EquityLower = less leverage
0.58×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ARQT
ARQT
RMR
RMR
Q4 25
$42.9M
$49.3M
Q3 25
$47.1M
Q2 25
$72.7M
Q1 25
$53.1M
Q4 24
$71.3M
Q3 24
$134.9M
Q2 24
$84.3M
Q1 24
$190.1M
Total Debt
ARQT
ARQT
RMR
RMR
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
RMR
RMR
Q4 25
$189.5M
$232.7M
Q3 25
$158.1M
Q2 25
$139.0M
Q1 25
$142.7M
Q4 24
$157.5M
Q3 24
$156.6M
Q2 24
$186.4M
Q1 24
$224.9M
Total Assets
ARQT
ARQT
RMR
RMR
Q4 25
$433.0M
$687.1M
Q3 25
$371.0M
Q2 25
$352.4M
Q1 25
$344.1M
Q4 24
$348.9M
Q3 24
$437.4M
Q2 24
$444.8M
Q1 24
$478.5M
Debt / Equity
ARQT
ARQT
RMR
RMR
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
RMR
RMR
Operating Cash FlowLast quarter
$26.2M
$10.7M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
1.51×
0.88×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ARQT
ARQT
RMR
RMR
Q4 25
$26.2M
$10.7M
Q3 25
$-1.8M
Q2 25
$324.0K
Q1 25
$-30.4M
Q4 24
$-748.0K
Q3 24
$-34.7M
Q2 24
$-45.1M
Q1 24
$-31.6M
Free Cash Flow
ARQT
ARQT
RMR
RMR
Q4 25
Q3 25
Q2 25
$246.0K
Q1 25
$-31.0M
Q4 24
Q3 24
$-34.8M
Q2 24
Q1 24
FCF Margin
ARQT
ARQT
RMR
RMR
Q4 25
Q3 25
Q2 25
0.3%
Q1 25
-47.1%
Q4 24
Q3 24
-77.8%
Q2 24
Q1 24
Capex Intensity
ARQT
ARQT
RMR
RMR
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.1%
Q1 25
0.9%
Q4 24
0.0%
Q3 24
0.3%
Q2 24
0.0%
Q1 24
0.0%
Cash Conversion
ARQT
ARQT
RMR
RMR
Q4 25
1.51×
0.88×
Q3 25
-0.24×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ARQT
ARQT

Segment breakdown not available.

RMR
RMR

Management Service Incentive$23.6M35%
Industrial Logistics Properties Trust$15.1M23%
Managed Private Real Estate Capital$11.1M17%
Office Properties Income Trust$5.6M8%
Other Private Entities$5.3M8%
RMR Residential$3.4M5%
Sonesta International Hotels Corporation$2.1M3%
Investment Advisory Management And Administrative Service$1.2M2%

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