Company: ERAS
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001193125-25-178996
Chunk: 0

Company: Erasca, Inc.
Filing Date: 2025-08-12
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)

     June 30,

     December 31,

     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     66,143

     $
     67,739

     Short-term marketable securities

     234,518

     230,570

     Prepaid expenses and other current assets

     9,999

     10,484

     Total current assets

     310,660

     308,793

     Long-term marketable securities

     86,088

     142,164

     Property and equipment, net

     14,825

     16,321

     Operating lease assets

     30,814

     32,218

     Restricted cash

     408

     408

     Other assets

     2,591

     2,622

     Total assets
      
     $
     445,386

     $
     502,526

     Liabilities and Stockholders' Equity

     Current liabilities:

     Accounts payable
      
     $
     1,663

     $
     468

     Accrued expenses and other current liabilities

     21,779

     26,308

     Operating lease liabilities

     4,709

     4,619

     Total current liabilities

     28,151

     31,395

     Operating lease liabilities, net of current portion

     44,714

     47,270

     Other liabilities

     263

     362

     Total liabilities

     73,128

     79,027

     Commitments and contingencies (Note 12)

     Stockholders' equity:

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

     —

     —

     Common stock, $0.0001 par value; 800,000,000 shares authorized at June 30, 2025 and December 31, 2024; 283,650,139 and 283,