Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 96

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 8
Chunk 96
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2024

    2023

    Cash flows from operating activities:

    Net loss
     
    $
    (161,650
    )
     
    $
    (125,042
    )

    Adjustments to reconcile net loss to net cash used in operating activities:

    Depreciation and amortization

    3,805

    3,732

    Stock-based compensation expense

    26,973

    26,231

    In-process research and development expenses

    22,500

    —

    Accretion on marketable securities, net

    (9,590
    )

    (6,951
    )

    Impairment charge on operating lease assets and property and equipment

    4,653

    —

    Impairment charge on investment in equity securities

    2,157

    —

    Changes in operating assets and liabilities:

          Prepaid expenses and other current and long-term assets

    (2,397
    )

    939

          Accounts payable

    (1,532
    )

    (886
    )

          Accrued expenses and other current and long-term liabilities

    6,396

    (2,301
    )

          Operating lease assets and liabilities, net

    (732
    )

    3,061

    Net cash used in operating activities

    (109,417
    )

    (101,217
    )

    Cash flows from investing activities:

    Purchases of marketable securities

    (403,224
    )

    (314,390
    )

    Maturities of marketable securities

    269,325

    244,945

    In-process research and development

    (22,500
    )

    (20,000
    )

    Payment made for investment in equity securities

    (157
    )

    —

    Purchases of property and equipment

    (60
    )

    (1,775
    )

    Net cash used in investing activities

    (156,616
    )

    (91,220
    )

    Cash flows from financing activities:

    Proceeds from issuance of common stock in private placement, net of fees and expenses

    43,604

    —

    Proceeds from issuance of common stock in underwritten offering, net of discounts and offering costs

    174,426