Company: ARVN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001655759-25-000139
Chunk: 80

Company: ARVINAS, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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Item 1. Financial Statements.

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Balance Sheets (unaudited)

(dollars and shares in millions, except per share amounts)June 30,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$114.9 $100.5 Marketable securities746.3 938.9 Accounts receivable0.5 5.7 Other receivables10.6 8.0 Prepaid expenses and other current assets17.2 14.2 Total current assets889.5 1,067.3 Property, equipment and leasehold improvements, net6.1 7.0 Operating lease right-of-use assets9.3 9.0 Collaboration contract asset and other assets4.4 8.1 Total assets$909.3 $1,091.4 Liabilities and stockholders' equityCurrent liabilities:Accounts payable and accrued liabilities$53.1 $71.8 Deferred revenue102.9 156.2 Current portion of operating lease liabilities1.8 1.8 Total current liabilities157.8 229.8 Deferred revenue134.1 292.0 Long-term debt0.5 0.6 Operating lease liabilities7.6 7.3 Total liabilities300.0 529.7 Commitments and Contingencies (Note 13)Stockholders’ equity:Preferred stock, $0.001 par value, zero shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively— — Common stock, $0.001 par value; 73.2 and 68.8 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively0.1 0.1 Accumulated deficit(1,509.9)(1,531.6)Additional paid-in capital2,118.1 2,092.2 Accumulated other comprehensive income1.0 1.0 Total stockholders’ equity609.3 561.7 Total liabilities and stockholders’ equity$909.3 $1,091.4 

See accompanying notes to the condensed consolidated financial statements

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ARVINAS, INC. AND SUBSIDIARIES