Company: ERAS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001193125-25-277625
Chunk: 0

Company: Erasca, Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Item 1
Chunk 0
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Erasca, Inc.

Condensed Consolidated Balance Sheets

(In thousands, except share and par value amounts)

(Unaudited)

     September 30,

     December 31,

     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     70,230

     $
     67,739

     Short-term marketable securities

     218,170

     230,570

     Prepaid expenses and other current assets

     11,525

     10,484

     Total current assets

     299,925

     308,793

     Long-term marketable securities

     73,982

     142,164

     Property and equipment, net

     14,037

     16,321

     Operating lease assets

     30,081

     32,218

     Restricted cash

     408

     408

     Other assets

     1,968

     2,622

     Total assets
      
     $
     420,401

     $
     502,526

     Liabilities and Stockholders' Equity

     Current liabilities:

     Accounts payable
      
     $
     3,029

     $
     468

     Accrued expenses and other current liabilities

     20,798

     26,308

     Operating lease liabilities

     4,885

     4,619

     Total current liabilities

     28,712

     31,395

     Operating lease liabilities, net of current portion

     43,408

     47,270

     Other liabilities

     395

     362

     Total liabilities

     72,515

     79,027

     Commitments and contingencies (Note 12)

     Stockholders' equity:

     Preferred stock, $0.0001 par value; 80,000,000 shares authorized at September 30, 2025 and December 31, 2024; no shares issued and outstanding at September 30, 2025 and December 31, 2024

     —

     —

     Common stock, $0.0001 par value; 800,000,000 shares authorized at September 30, 2025 and December 31, 2024; 283,711,805 and 283,