Arvinas, Inc. (ARVN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	316.7M	262.6M	263.4M	78.5M	131.4M
Cost of Revenue	11.3M	5.2M	—	—	—
Gross Profit	305.4M	257.4M	263.4M	78.5M	131.4M
Operating Expenses
R&D Expense	238.4M	282.9M	348.2M	379.7M	315.0M
SG&A Expense	85.2M	89.4M	165.4M	100.3M	79.6M
General & Admin Expense	87.1M	89.4M	165.4M	100.3M	79.6M
Selling & Marketing Expense	(1.9M)	—	—	—	—
Other Expenses	(4.1M)	—	—	—	—
Total Operating Expenses	319.5M	372.3M	513.6M	480.0M	394.6M
Cost and Expenses	330.8M	377.5M	513.6M	480.0M	394.6M
Operating Income (EBIT)	(14.1M)	(114.9M)	(250.2M)	(401.5M)	(263.2M)
Non-Operating
Interest Income	29.9M	22.0M	54.8M	38.8M	12.0M
Interest Expense	—	—	—	—	—
Net Interest Income	29.9M	22.0M	54.8M	38.8M	12.0M
Other Non-Op Income/Expense	24.2M	34.4M	51.9M	35.1M	1.6M
Non-Operating Income (excl Interest)	(13.2M)	(34.4M)	(51.9M)	(35.1M)	(1.6M)
EBT (Pre-Tax Income)	10.1M	(80.5M)	(198.3M)	(366.4M)	(261.6M)
Income Tax Expense	800.0K	300.0K	600.0K	900.0K	20.9M
Bottom Line
Net Income	9.3M	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Earnings from Cont. Ops	9.3M	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	9.3M	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Per Share
Basic EPS	$0.19	($1.28)	($2.77)	($6.62)	($5.31)
Diluted EPS	$0.16	($1.28)	($2.77)	($6.62)	($5.31)
Revenue Per Share	$4.89	$4.05	$3.66	$1.41	$2.47
Shares
Basic Shares Outstanding	64.8M	64.9M	71.9M	55.5M	53.2M
Diluted Shares Outstanding	65.7M	64.9M	71.9M	55.5M	53.2M
Profitability Metrics
EBITDA	2.9M	(75.3M)	(191.7M)	(359.7M)	(253.4M)
D&A	3.8M	5.2M	6.6M	6.7M	8.2M
EBIT	(900.0K)	(80.5M)	(198.3M)	(366.4M)	(261.6M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026