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How Arcus Biosciences (RCUS) makes money

Arcus Biosciences (RCUS) made $9.0M of revenue in the third quarter 2026 (Q3 2026), -65% from a year earlier. License and development services brought in $8.0M (89%); Other collaboration brought in $1.0M (11%).

Drawing the Sankey…

Arcus Biosciences revenue by segment, Q3 2026Arcus Biosciences revenue by segment, Q3 2026License and development services$8.0MOther collaboration$1.0M
Arcus Biosciences: revenue by line, Q1 2026 to Q3 2026Arcus Biosciences: revenue by line, Q1 2026 to Q3 2026License and developme…Other collaborationLicense and development services: $8.0M latest$8.0MOther collaboration: $1.0M latestQ1 2026Q2 2026Q3 2026
Other collaboration went from 29% of revenue in Q1 2026 to 11% in Q3 2026, the largest shift in the mix.
Arcus Biosciences revenue by quarterArcus Biosciences revenue by quarter$28.0MQ1 2025$26.0MQ3 2025$33.0MQ4 2025$17.0MQ1 2026$41.0MQ2 2026$9.0MQ3 2026

Revenue by segment, Q3 2026

SegmentRevenueShareQ/QY/Y
License and development services$8.0M88.9%-50%-60%
Other collaboration$1.0M11.1%-96%-83%

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$9.0M100.0%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$9.0M-65%
Q2 2026$41.0M-74%
Q1 2026$17.0M-39%
Q4 2025$33.0M+27%
Q3 2025$26.0M-46%
Q1 2025$28.0M-81%

From Arcus Biosciences' 10-Q filed Nov 4, 2026 (on EDGAR).

Questions

How does Arcus Biosciences make money?

Arcus Biosciences (RCUS) made $9.0M of revenue in the third quarter 2026 (Q3 2026), -65% from a year earlier. License and development services brought in $8.0M (89%); Other collaboration brought in $1.0M (11%).

What is Arcus Biosciences' biggest business?

License and development services: $8.0M in the third quarter 2026, 89% of revenue, -60% from a year earlier.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.