ARVINAS, INC. financials
Source: EDGAR filings · Built 2026-06-02T02:22:09Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -275.70M | -261.10M | -350.70M | -280.30M | 554.70M | -96.10M |
| EBITDA | -115.50M | -245.60M | -396.70M | -256.90M | -183.60M | -117.60M |
| Working Capital | 558.20M | 837.50M | 1.02B | 945.10M | 1.29B | 653.90M |
| Net Debt | -133.80M | -90.60M | -308.30M | -75.80M | -103.30M | -584.36M |
| Operating Margin | -45.13% | -94.99% | -511.46% | -200.30% | -403.43% | -554.13% |
| Net Margin | -30.77% | -75.51% | -467.90% | -214.99% | -408.99% | -547.25% |
| Return on Equity (ROE) | -18.62% | -35.41% | -55.65% | -50.01% | -24.43% | -18.58% |
| Return on Assets (ROA) | -11.26% | -18.22% | -28.15% | -22.27% | -12.08% | -16.63% |
| Current Ratio | 4.92× | 4.64× | 4.98× | 4.20× | 5.93× | 14.29× |
| Debt-to-Equity | 0.02× | 0.02× | 0.01× | 0.01× | 0.01× | 0.01× |
| Effective Tax Rate | -0.37% | -0.30% | -0.25% | -8.33% | 0.00% | 0.00% |
| Cash Conversion Ratio | 3.39× | 1.30× | 0.95× | 0.97× | -2.93× | 0.75× |
| Accruals Ratio | 0.27× | 0.06× | -0.01× | -0.01× | -0.47× | -0.04× |
| SBC % of Revenue | 16.76% | 33.49% | 91.21% | 57.46% | 122.27% | 138.53% |
| CapEx Coverage | -144.11× | -144.06× | -119.93× | -40.22× | 119.02× | -14.02× |
| Free Cash Flow Per Share | $-3.89 | $-3.63 | $-6.32 | $-5.27 | $11.09 | $-2.43 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | 46.70M | 21.80M |
| Revenues | 262.60M | 263.40M | 78.50M | 131.40M | 53.60M | 25.90M |
| Research and Development Expense | 285.20M | 348.20M | 379.70M | 315.00M | 180.40M | 108.40M |
| Operating Expenses | 381.10M | 513.60M | 480.00M | 394.60M | 242.00M | 146.70M |
| Operating Income (Loss) | -118.50M | -250.20M | -401.50M | -263.20M | -188.40M | -120.80M |
| Income Tax Expense (Benefit) | 300.00K | 600.00K | 900.00K | 20.90M | 0 | 0 |
| Net Income (Loss) Attributable to Parent | -80.80M | -198.90M | -367.30M | -282.50M | -191.00M | -119.30M |
| Earnings Per Share, Basic | $-1.14 | $-2.77 | $-6.62 | $-5.31 | $-3.82 | $-3.02 |
| Weighted Average Number of Shares Outstanding, Basic | 70.90M | 71.90M | 55.50M | 53.20M | 50.00M | 39.50M |
| Earnings Per Share, Diluted | $-1.14 | $-2.77 | $-6.62 | $-5.31 | $-3.82 | $-3.02 |
| Weighted Average Number of Shares Outstanding, Diluted | 70.90M | 71.90M | 55.50M | 53.20M | 50.00M | 39.50M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 142.90M | 100.50M | 311.70M | 81.30M | 108.30M | 588.40M |
| Assets, Current | 700.70M | 1.07B | 1.28B | 1.24B | 1.55B | 703.10M |
| Assets | 717.90M | 1.09B | 1.30B | 1.27B | 1.58B | 717.40M |
| Long-term Debt | 600.00K | 800.00K | 1.00M | 1.00M | 1.00M | 2.00M |
| Liabilities, Current | 142.50M | 229.80M | 257.10M | 295.10M | 261.70M | 49.20M |
| Long-term Debt, Excluding Current Maturities | 400.00K | 600.00K | 800.00K | 1.00M | 1.00M | 2.00M |
| Liabilities | 284.00M | 529.70M | 644.60M | 703.90M | 799.90M | 75.20M |
| Stockholders' Equity Attributable to Parent | 433.90M | 561.70M | 660.00M | 564.90M | 781.70M | 642.20M |
| Common Stock, Shares, Outstanding | 63.50M | 68.80M | 68.00M | 53.20M | 53.00M | 48.50M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -273.80M | -259.30M | -347.80M | -273.50M | 559.40M | -89.70M |
| Payments to Acquire Property, Plant, and Equipment | 1.90M | 1.80M | 2.90M | 6.80M | 4.70M | 6.40M |
| Net Cash Provided by (Used in) Investing Activities | 407.60M | 34.70M | 203.50M | 242.80M | -1.31B | 164.30M |
| Payments for Repurchase of Common Stock | 91.90M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | -91.40M | 7.90M | 374.70M | 4.70M | 278.60M | 504.60M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -70.50M | -30.60M | -245.10M | -185.90M | -89.30M | -84.40M |
| EBITDA | -63.10M | -73.90M | -43.00M | -70.70M | 72.10M | -57.10M |
| Working Capital | 514.80M | 558.20M | 681.40M | 731.70M | 765.70M | 837.50M |
| Net Debt | -78.70M | -133.80M | -92.00M | -104.80M | -70.30M | -90.60M |
| Operating Margin | -408.97% | -785.26% | -104.53% | -319.20% | 37.82% | -98.31% |
| Net Margin | -369.23% | -709.47% | -83.77% | -273.21% | 43.91% | -76.18% |
| Return on Equity (ROE) | -14.89% | -15.53% | -6.22% | -10.04% | 12.56% | -8.03% |
| Return on Assets (ROA) | -8.90% | -9.39% | -4.16% | -6.73% | 8.28% | -4.13% |
| Current Ratio | 5.44× | 4.92× | 5.70× | 5.64× | 4.58× | 4.64× |
| Debt-to-Equity | 0.02× | 0.02× | 0.02× | 0.02× | 0.02× | 0.02× |
| Effective Tax Rate | -0.17% | — | -0.86% | 0.49% | 0.24% | 0.88% |
| Cash Conversion Ratio | 1.20× | 0.45× | 6.93× | 3.01× | -1.07× | 1.86× |
| Accruals Ratio | 0.02× | -0.05× | 0.25× | 0.14× | 0.17× | 0.04× |
| SBC % of Revenue | 77.56% | 89.47% | 84.73% | 112.95% | 7.94% | 39.36% |
| CapEx Coverage | -53.23× | -152.00× | -143.18× | -115.19× | -222.25× | -280.33× |
| Free Cash Flow Per Share | $-1.10 | $-0.43 | $-3.35 | $-2.55 | $-1.23 | $-1.17 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 15.60M | — | — | — | 188.80M | — |
| Revenues | — | 9.50M | 41.90M | 22.40M | 188.80M | 59.20M |
| Research and Development Expense | 60.30M | 61.10M | 64.70M | 68.60M | 90.80M | 83.30M |
| Operating Expenses | 79.40M | 84.10M | 85.70M | 93.90M | 117.40M | 117.40M |
| Operating Income (Loss) | -63.80M | -74.60M | -43.80M | -71.50M | 71.40M | -58.20M |
| Income Tax Expense (Benefit) | 100.00K | 200.00K | 300.00K | -300.00K | 200.00K | -400.00K |
| Net Income (Loss) Attributable to Parent | -57.60M | -67.40M | -35.10M | -61.20M | 82.90M | -45.10M |
| Earnings Per Share, Basic | $-0.90 | $-0.96 | $-0.48 | $-0.84 | $1.14 | $-0.63 |
| Weighted Average Number of Shares Outstanding, Basic | 64.00M | 70.90M | 73.20M | 73.00M | 72.50M | 71.90M |
| Earnings Per Share, Diluted | $-0.90 | $-0.96 | $-0.48 | $-0.84 | $1.14 | $-0.63 |
| Weighted Average Number of Shares Outstanding, Diluted | 64.00M | 70.90M | 73.20M | 73.00M | 72.70M | 71.90M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 87.30M | 142.90M | 101.50M | 114.90M | 81.00M | 100.50M |
| Assets, Current | 630.70M | 700.70M | 826.30M | 889.50M | 979.70M | 1.07B |
| Assets | 647.50M | 717.90M | 844.30M | 909.30M | 1.00B | 1.09B |
| Long-term Debt | 500.00K | 600.00K | 600.00K | 700.00K | 700.00K | 800.00K |
| Liabilities, Current | 115.90M | 142.50M | 144.90M | 157.80M | 214.00M | 229.80M |
| Long-term Debt, Excluding Current Maturities | 300.00K | 400.00K | 400.00K | 500.00K | 500.00K | 600.00K |
| Liabilities | 260.70M | 284.00M | 279.90M | 300.00M | 341.00M | 529.70M |
| Stockholders' Equity Attributable to Parent | 386.80M | 433.90M | 564.40M | 609.30M | 660.10M | 561.70M |
| Common Stock, Shares, Outstanding | 64.50M | 63.50M | 70.80M | 73.20M | 73.00M | 68.80M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -69.20M | -30.40M | -243.40M | -184.30M | -88.90M | -84.10M |
| Payments to Acquire Property, Plant, and Equipment | 1.30M | 200.00K | 1.70M | 1.60M | 400.00K | 300.00K |
| Net Cash Provided by (Used in) Investing Activities | 13.70M | 145.80M | 261.80M | 198.30M | 69.50M | 98.90M |
| Payments for Repurchase of Common Stock | — | 74.10M | 17.80M | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | -100.00K | -74.00M | -17.40M | 400.00K | -100.00K | 500.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ARVN CIK 0001655759),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.