ARVINAS, INC.
Business
Arvinas is a biotechnology company developing PROTAC protein degradation therapeutics that target disease-causing proteins through the body's natural disposal system. The company advances multiple clinical-stage candidates in oncology and neurology, including vepdegestrant for estrogen receptor-positive breast cancer and ARV-102 for Parkinson's disease. Arvinas operates its proprietary PROTAC Discovery Engine platform and maintains strategic collaborations with Pfizer, Novartis, Genentech, and Yale University.
Summary from 10-K filed 2026-02-24
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 263 | 263 | 79 | 131 | 54 | |
| Research and development | 285 | 348 | 380 | 315 | 180 | |
| General and administrative | 96 | 165 | 100 | 80 | 62 | |
| Total operating expenses | 381 | 514 | 480 | 395 | 242 | |
| Loss from operations | −119 | −250 | −402 | −263 | −188 | |
| Other expense, net | −400,000 | −3 | −1 | 200,000 | 3 | |
| Interest income, net | 38 | 55 | 39 | 12 | 2 | |
| Total other income | 38 | 52 | 38 | 12 | 4 | |
| Net loss before income taxes and loss from equity method investment | −81 | −198 | −364 | −251 | −184 | |
| Income tax expense | −300,000 | −600,000 | −900,000 | −21 | 0 | |
| Loss from equity method investment | 0 | 0 | −3 | −11 | −7 | |
| Net loss | −81 | −199 | −367 | −283 | −191 | |
| Net loss per common share - basic (in dollars per share) | −1.14 | −2.77 | −6.62 | −5.31 | −3.82 | |
| Net loss per common share - diluted (in dollars per share) | −1.14 | −2.77 | −6.62 | −5.31 | −3.82 | |
| Weighted-average common shares outstanding - basic (in shares) | 71 | 72 | 56 | 53 | 50 | |
| Weighted-average common shares outstanding - diluted (in shares) | 71 | 72 | 56 | 53 | 50 | |
| Unrealized gain on available-for-sale securities | 200,000 | 4 | 16 | −15 | −5 | |
| Comprehensive loss | −81 | −195 | −351 | −297 | −196 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 143 | 101 | 312 | 81 | 108 | |
| Marketable securities | 543 | 939 | 949 | 1,124 | 1,394 | |
| Accounts receivable | 1 | 6 | 0 | 1 | 15 | |
| Other receivables | 5 | 8 | 7 | 7 | 11 | |
| Prepaid expenses and other current assets | 9 | 14 | 7 | 21 | 20 | |
| Total current assets | 701 | 1,067 | 1,280 | 1,240 | 1,553 | |
| Property, equipment and leasehold improvements, net | 5 | 7 | 12 | 13 | 13 | |
| Operating lease right of use assets | 8 | 9 | 3 | 4 | 4 | |
| Collaboration contract asset and other assets | 4 | 8 | 10 | 11 | 13 | |
| Total assets | 718 | 1,091 | 1,305 | 1,269 | 1,582 | |
| Accounts payable and accrued liabilities | 70 | 72 | 92 | 75 | 54 | |
| Deferred revenue | 71 | 156 | 163 | 219 | 206 | |
| Current portion of operating lease liability | 2 | 2 | 2 | 2 | 1 | |
| Total current liabilities | 143 | 230 | 257 | 295 | 262 | |
| Deferred revenue | 134 | 292 | 386 | 405 | 534 | |
| Long term debt | 400,000 | 600,000 | 800,000 | 1 | 1 | |
| Operating lease liability | 7 | 7 | 500,000 | 3 | 3 | |
| Total liabilities | 284 | 530 | 645 | 704 | 800 | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Preferred stock, $0.001 par value, zero shares issued and outstanding as of December 31, 2025 and 2024, respectively | 0 | 0 | 0 | 0 | — | |
| Common stock, $0.001 par value, 73.5 shares issued and 63.5 shares outstanding as of December 31, 2025, and 68.8 shares issued and outstanding as of December 31, 2024 | 100,000 | 100,000 | 100,000 | 100,000 | 0 | |
| Accumulated deficit | −1,612 | −1,532 | −1,333 | −965 | −683 | |
| Additional paid-in capital | 2,137 | 2,092 | 1,996 | 1,549 | 1,469 | |
| Accumulated other comprehensive income | 1 | 1 | −3 | −19 | −5 | |
| Treasury Stock, at cost (10.0 and zero shares at December 31, 2025 and December 31, 2024, respectively) | −92 | 0 | — | — | — | |
| Total stockholders' equity | 434 | 562 | 660 | 565 | 782 | |
| Total liabilities and stockholders' equity | 718 | 1,091 | 1,305 | 1,269 | 1,582 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 5 | 5 | 6 | 5 | |
| Net accretion of bond discounts/premiums | −13 | −22 | −17 | 6 | 9 | |
| Loss on sale of marketable securities | 0 | 0 | 900,000 | 400,000 | 200,000 | |
| Amortization of right-of-use assets | 2 | 2 | 2 | 2 | 1 | |
| Amortization of collaboration contract asset | 4 | 5 | 1 | 2 | 400,000 | |
| Net loss on disposal of property, equipment and leasehold improvements | 0 | 3 | 0 | 0 | — | |
| Stock-based compensation | 44 | 88 | 72 | 76 | 57 | |
| Accounts receivable | 5 | −6 | 1 | 14 | −14 | |
| Other receivables | 3 | −800,000 | −200,000 | 4 | −3 | |
| Prepaid expenses and other assets | 5 | −7 | 14 | −2 | −14 | |
| Collaboration contract asset | 0 | −3 | 0 | 0 | −13 | |
| Accounts payable and accrued liabilities | −2 | −21 | 17 | 20 | 28 | |
| Operating lease liabilities | −2 | −2 | −2 | −2 | −1 | |
| Deferred revenue | −243 | −101 | −75 | −117 | 696 | |
| Net cash used in operating activities | −274 | −259 | −348 | −274 | 559 | |
| Purchase of marketable securities | −354 | −652 | −956 | −886 | −1,745 | |
| Maturities of marketable securities | 731 | 644 | 1,104 | 1,077 | 429 | |
| Sale of marketable securities | 33 | 45 | 59 | 59 | 7 | |
| Purchase of property, equipment and leasehold improvements | −2 | −2 | −3 | −7 | −5 | |
| Proceeds from disposal of property, equipment and leasehold improvements | 0 | 100,000 | 0 | 0 | — | |
| Net cash provided by investing activities | 408 | 35 | 204 | 243 | −1,314 | |
| Repayments of long-term debt | −200,000 | −400,000 | 0 | 0 | 0 | |
| Proceeds from issuance of common stock and pre-funded warrants | 0 | 0 | 387 | 0 | 265 | |
| Payment of common stock offering costs | 0 | 0 | −17 | 0 | −5 | |
| Repurchase of common shares, net | −92 | 0 | 0 | — | — | |
| Proceeds from exercise of stock options and issuance of ESPP shares | 700,000 | 8 | 5 | 5 | 19 | |
| Net cash (used in) provided by financing activities | −91 | 8 | 375 | 5 | 279 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 42 | −217 | 230 | −26 | −476 | |
| Purchases of property, equipment and leasehold improvements unpaid at period end | 300,000 | 900,000 | 0 | 100,000 | 500,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ARVINAS, INC.'s CIK number?
ARVINAS, INC.'s SEC CIK number is 0001655759 (1655759). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ARVINAS, INC.'s SEC filings?
All of ARVINAS, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ARVINAS, INC. last report earnings?
ARVINAS, INC. (ARVN) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001628280-26-033875). This is ARVINAS, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ARVINAS, INC.'s most recent earnings 8-K?
ARVINAS, INC.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001628280-26-033875. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ARVINAS, INC.'s latest earnings 8-K →
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