Company: ARVN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049527
Chunk: 94

Company: ARVINAS, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 94
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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)September 30,2025December 31,2024AssetsCurrent assets:Cash and cash equivalents$101.5 $100.5 Marketable securities686.1 938.9 Accounts receivable20.3 5.7 Other receivables6.5 8.0 Prepaid expenses and other current assets11.9 14.2 Total current assets826.3 1,067.3 Property, equipment and leasehold improvements, net5.4 7.0 Operating lease right-of-use assets8.7 9.0 Collaboration contract asset and other assets3.9 8.1 Total assets$844.3 $1,091.4 Liabilities and stockholders' equityCurrent liabilities:Accounts payable and accrued liabilities$55.5 $71.8 Deferred revenue87.7 156.2 Current portion of operating lease liabilities1.7 1.8 Total current liabilities144.9 229.8 Deferred revenue127.4 292.0 Long-term debt0.4 0.6 Operating lease liabilities7.2 7.3 Total liabilities279.9 529.7 Commitments and Contingencies (Note 13)Stockholders’ equity:Preferred stock, $0.001 par value, zero shares issued and outstanding as of September 30, 2025 and December 31, 2024, respectively— — Common stock, $0.001 par value; 73.4 shares issued, 70.8 shares outstanding as of September 30, 2025  and 68.8 shares issued and outstanding as of December 31, 20240.1 0.1 Accumulated deficit(1,545.0)(1,531.6)Additional paid-in capital2,128.2 2,092.2 Accumulated other comprehensive income1.4 1.0 Treasury Stock, at cost (2.6 and zero shares at September 30, 2025 and December 31, 2024, respectively)(20.3)— Total stockholders’ equity564.4 561.7 Total liabilities and stock