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Side-by-side financial comparison of Tarsus Pharmaceuticals, Inc. (TARS) and Vroom, Inc. (VRM). Click either name above to swap in a different company.

Vroom, Inc. is the larger business by last-quarter revenue ($235.9M vs $151.7M, roughly 1.6× Tarsus Pharmaceuticals, Inc.). Tarsus Pharmaceuticals, Inc. runs the higher net margin — -5.5% vs -59.8%, a 54.3% gap on every dollar of revenue. On growth, Tarsus Pharmaceuticals, Inc. posted the faster year-over-year revenue change (128.4% vs 12.9%). Tarsus Pharmaceuticals, Inc. produced more free cash flow last quarter ($13.0M vs $-108.8M). Over the past eight quarters, Tarsus Pharmaceuticals, Inc.'s revenue compounded faster (134.4% CAGR vs -49.5%).

Tarsus Pharmaceuticals, Inc. is a late-stage clinical biopharmaceutical company focused on developing and commercializing innovative therapeutic candidates for unmet medical needs in ophthalmology, dermatology, and other specialty care areas. It operates primarily in the United States, with lead product candidates targeting common, underdiagnosed conditions including demodex blepharitis and rosacea.

Vroom, Inc. is a parent company of United Auto Credit Corporation (UACC) and CarStory. Previously, Vroom was a used car retailer and e-commerce company that let consumers buy, sell, and finance cars online. Vroom ceased e-commerce automotive sales operations on January 22, 2024.

TARS vs VRM — Head-to-Head

Bigger by revenue
VRM
VRM
1.6× larger
VRM
$235.9M
$151.7M
TARS
Growing faster (revenue YoY)
TARS
TARS
+115.4% gap
TARS
128.4%
12.9%
VRM
Higher net margin
TARS
TARS
54.3% more per $
TARS
-5.5%
-59.8%
VRM
More free cash flow
TARS
TARS
$121.7M more FCF
TARS
$13.0M
$-108.8M
VRM
Faster 2-yr revenue CAGR
TARS
TARS
Annualised
TARS
134.4%
-49.5%
VRM

Income Statement — Q4 FY2025 vs Q4 FY2023

Metric
TARS
TARS
VRM
VRM
Revenue
$151.7M
$235.9M
Net Profit
$-8.4M
$-141.1M
Gross Margin
12.3%
Operating Margin
-5.3%
-11.5%
Net Margin
-5.5%
-59.8%
Revenue YoY
128.4%
12.9%
Net Profit YoY
63.8%
-669.8%
EPS (diluted)
$-0.17
$-80.66

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
TARS
TARS
VRM
VRM
Q4 25
$151.7M
Q3 25
$118.7M
Q2 25
$102.7M
Q1 25
$78.3M
Q4 24
$66.4M
Q3 24
$48.1M
Q2 24
$40.8M
Q1 24
$27.6M
Net Profit
TARS
TARS
VRM
VRM
Q4 25
$-8.4M
Q3 25
$-12.6M
Q2 25
$-20.3M
Q1 25
$-25.1M
Q4 24
$-23.1M
Q3 24
$-23.4M
Q2 24
$-33.3M
Q1 24
$-35.7M
Operating Margin
TARS
TARS
VRM
VRM
Q4 25
-5.3%
Q3 25
-12.2%
Q2 25
-21.6%
Q1 25
-33.5%
Q4 24
-36.8%
Q3 24
-52.3%
Q2 24
-81.6%
Q1 24
-136.5%
Net Margin
TARS
TARS
VRM
VRM
Q4 25
-5.5%
Q3 25
-10.6%
Q2 25
-19.8%
Q1 25
-32.1%
Q4 24
-34.8%
Q3 24
-48.7%
Q2 24
-81.6%
Q1 24
-129.4%
EPS (diluted)
TARS
TARS
VRM
VRM
Q4 25
$-0.17
Q3 25
$-0.30
Q2 25
$-0.48
Q1 25
$-0.64
Q4 24
$-0.57
Q3 24
$-0.61
Q2 24
$-0.88
Q1 24
$-1.01

Balance Sheet & Financial Strength

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

Metric
TARS
TARS
VRM
VRM
Cash + ST InvestmentsLiquidity on hand
$417.3M
$135.6M
Total DebtLower is stronger
$72.4M
$454.2M
Stockholders' EquityBook value
$343.4M
$127.7M
Total Assets
$562.2M
$1.5B
Debt / EquityLower = less leverage
0.21×
3.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
TARS
TARS
VRM
VRM
Q4 25
$417.3M
Q3 25
$401.8M
Q2 25
$381.1M
Q1 25
$407.9M
Q4 24
$291.4M
Q3 24
$317.0M
Q2 24
$323.6M
Q1 24
$298.5M
Total Debt
TARS
TARS
VRM
VRM
Q4 25
$72.4M
Q3 25
$72.3M
Q2 25
$72.1M
Q1 25
$72.0M
Q4 24
$71.8M
Q3 24
$71.7M
Q2 24
$71.6M
Q1 24
$29.9M
Stockholders' Equity
TARS
TARS
VRM
VRM
Q4 25
$343.4M
Q3 25
$335.1M
Q2 25
$332.6M
Q1 25
$342.5M
Q4 24
$224.5M
Q3 24
$237.5M
Q2 24
$252.2M
Q1 24
$275.2M
Total Assets
TARS
TARS
VRM
VRM
Q4 25
$562.2M
Q3 25
$534.6M
Q2 25
$495.0M
Q1 25
$500.8M
Q4 24
$377.0M
Q3 24
$376.3M
Q2 24
$376.8M
Q1 24
$349.3M
Debt / Equity
TARS
TARS
VRM
VRM
Q4 25
0.21×
Q3 25
0.22×
Q2 25
0.22×
Q1 25
0.21×
Q4 24
0.32×
Q3 24
0.30×
Q2 24
0.28×
Q1 24
0.11×

Cash Flow & Capital Efficiency

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

Metric
TARS
TARS
VRM
VRM
Operating Cash FlowLast quarter
$19.3M
$-108.1M
Free Cash FlowOCF − Capex
$13.0M
$-108.8M
FCF MarginFCF / Revenue
8.6%
-46.1%
Capex IntensityCapex / Revenue
4.2%
0.3%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-22.3M
$-536.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
TARS
TARS
VRM
VRM
Q4 25
$19.3M
Q3 25
$18.3M
Q2 25
$-29.4M
Q1 25
$-20.7M
Q4 24
$-22.2M
Q3 24
$-8.7M
Q2 24
$-14.4M
Q1 24
$-37.8M
Free Cash Flow
TARS
TARS
VRM
VRM
Q4 25
$13.0M
Q3 25
$16.3M
Q2 25
$-30.4M
Q1 25
$-21.2M
Q4 24
$-22.3M
Q3 24
$-8.9M
Q2 24
$-15.4M
Q1 24
$-38.0M
FCF Margin
TARS
TARS
VRM
VRM
Q4 25
8.6%
Q3 25
13.8%
Q2 25
-29.6%
Q1 25
-27.1%
Q4 24
-33.5%
Q3 24
-18.6%
Q2 24
-37.8%
Q1 24
-137.5%
Capex Intensity
TARS
TARS
VRM
VRM
Q4 25
4.2%
Q3 25
1.6%
Q2 25
1.0%
Q1 25
0.8%
Q4 24
0.1%
Q3 24
0.6%
Q2 24
2.5%
Q1 24
0.6%

Financial Flow Comparison

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

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