Company: RCUS
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001724521-25-000101
Chunk: 251

Company: Arcus Biosciences, Inc.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 8
Chunk 251
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 diluted net loss per share calculations because they would have been antidilutive (in millions):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Common stock options issued and outstanding17.015.617.715.6Restricted stock units issued3.93.04.03.0Employee stock purchase plan shares0.20.20.20.2Total potential dilutive securities21.118.821.918.8We have also excluded the effect of Gilead’s right to purchase additional shares of our common stock which expired in July 2025, from the calculation as these rights had no intrinsic value at either June 30, 2025 or 2024.

Note 8. Stock-based compensation 

Stock-based Compensation ExpenseThe following table reflects the components of stock-based compensation expense recognized in our Condensed Consolidated Statements of Operations (in millions):Three Months Ended June 30,Six Months Ended June 30,2025202420252024Research and development$8 $10 $16 $20 General and administrative7 10 15 20 Total stock-based compensation$15 $20 $31 $40 

Note 9. Cash, cash equivalents and marketable securities 

The following table summarizes the amortized cost, gross unrealized gains and losses and the fair value of our cash, cash equivalents and marketable securities, all of which are considered available for sale, by type of securities (in millions): Types of securities as of June 30, 2025AmortizedCostUnrealizedGainUnrealizedLoss FairValueMoney market funds$187 $— $— $187 U.S. treasury securities229 — — 229 Corporate securities and commercial paper485 — — 485 U.S. government agency securities2 — — 2 Certificate of deposit24 — — 24 Total cash, cash equivalents and marketable securities$927 $— $— $927 Types of securities as of December 31, 2024AmortizedCostUnrealizedGainUnrealizedLoss FairValueMoney market funds$120 $— $— $120 U.S. treasury securities251 — — 251 Corporate securities and commercial paper592 — — 592 U.S. government agency securities5 — — 5 Certificate of deposit24 — — 24 Total