Company: ARVN
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001655759-25-000085
Chunk: 70

Company: ARVINAS, INC.
Filing Date: 2025-05-01
Form: 10-Q
Item: Part I, Item 1
Chunk 70
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IDIARIES

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (unaudited)

(dollars and shares in millions, except per share amounts)For the Three Months EndedMarch 31,Consolidated Statements of Operations20252024Revenue$188.8 $25.3 Operating expenses:Research and development90.8 84.3 General and administrative26.6 24.3 Total operating expenses117.4 108.6 Income (loss) from operations71.4 (83.3)Other incomeInterest income, net11.7 14.0 Total other income11.7 14.0 Net income (loss) before income taxes83.1 (69.3)Income tax expense(0.2)(0.1)Net income (loss)$82.9 $(69.4)Earnings (loss) per common shareBasic$1.14 $(0.97)Diluted$1.14 $(0.97)Weighted average common shares outstandingBasic72.5 71.7 Diluted72.7 71.7 

(dollars in millions)For the Three Months EndedMarch 31,Consolidated Statements of Comprehensive Income (Loss)20252024Net income (loss)$82.9 $(69.4)Other comprehensive loss:Unrealized gain (loss) on available-for-sale securities0.5 (1.3)Comprehensive income (loss)$83.4 $(70.7)

See accompanying notes to the condensed consolidated financial statements

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Table of Contents

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Changes in Stockholders’ Equity (unaudited)

(dollars and shares in millions)CommonAccumulatedDeficitAdditionalPaid-inCapitalAccumulated Other Comprehensive (Loss) Income Total Stockholders' EquityFor the Three Months Ended March 31, 2025 and 2024SharesAmountBalance as of December 31, 202468.8 $0.1 $(1,531.6)$2,092.2 $1.0 $561.7 Stock-based compensation— — — 15.0 — 15.0 Net income— — 82.9 — — 82.9 Issuance of common stock under equity incentive plans0.8