Company: ERAS
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0000950170-25-070418
Chunk: 0

Company: Erasca, Inc.
Filing Date: 2025-05-13
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)

     March 31,

     December 31,

     2025

     2024

     Assets

     Current assets:

     Cash and cash equivalents
      
     $
     70,482

     $
     67,739

     Short-term marketable securities

     234,103

     230,570

     Prepaid expenses and other current assets

     10,032

     10,484

     Total current assets

     314,617

     308,793

     Long-term marketable securities

     106,492

     142,164

     Property and equipment, net

     15,587

     16,321

     Operating lease assets

     31,525

     32,218

     Restricted cash

     408

     408

     Other assets

     2,615

     2,622

     Total assets
      
     $
     471,244

     $
     502,526

     Liabilities and Stockholders' Equity

     Current liabilities:

     Accounts payable
      
     $
     2,262

     $
     468

     Accrued expenses and other current liabilities

     18,418

     26,308

     Operating lease liabilities

     4,791

     4,619

     Total current liabilities

     25,471

     31,395

     Operating lease liabilities, net of current portion

     46,020

     47,270

     Other liabilities

     251

     362

     Total liabilities

     71,742

     79,027

     Commitments and contingencies (Note 11)

     Stockholders' equity:

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

     —

     —

     Common stock, $0.0001 par value; 800,000,000 shares authorized at March 31, 2025 and December 31, 2024; 283,265,716 and 283,