Company: ERAS
Filing Date: 2025-03-20
Form Type: 10-K
Source: 0000950170-25-042682
Chunk: 319

Company: Erasca, Inc.
Filing Date: 2025-03-20
Form: 10-K
Item: Item 6
Chunk 319
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 and all of the Company’s tax years remain effectively open in all jurisdictions to examination due to net operating loss carryforwards. The Company’s policy is to recognize interest expense and penalties related to income tax matters as tax expense. For the years ended December 31, 2024 and 2023, the Company has not recognized any interest or penalties related to income taxes. 

Note 14. Net loss per share  The following table summarizes the computation of basic and diluted net loss per share of the Company (in thousands, except share and per share data):

        Year Ended December 31,

        2024

        2023

        Net loss

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

        Weighted-average shares of common stock used in computing net loss per share, basic and diluted

        233,817,916

        150,184,994

        Net loss per share, basic and diluted

        $
        (0.69
        )
         
        $
        (0.83
        )

 F-28

 The Company’s potentially dilutive securities, which include options to purchase common stock, shares purchasable under the ESPP and common stock subject to repurchase related to options early exercised, have been excluded from the computation of diluted net loss per share as the effect would be to reduce the net loss per share. Therefore, the weighted-average number of common shares outstanding used to calculate both basic and diluted net loss per share is the same. The Company excluded the following potential common shares, presented as amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated because including them would have had an anti-dilutive effect:

        December 31,

        December 31,

        2024

        2023

        Options to purchase common stock

        33,910,721

        24,970,957

        Options early exercised subject to future vesting

        —

        371,876

        Estimated shares purchasable under the ESPP

        612,358

        1,301,205

        Total potentially dilutive shares

        34,523,079

        26,644,038

Note 15. Retirement plan The Company sponsors an employee savings plan that qualifies as a deferred salary arrangement under Section 401(k) of the US Internal Revenue Code. Participating employees may defer up to