Company: ARVN
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001655759-25-000139
Chunk: 81

Company: ARVINAS, INC.
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (unaudited)

(dollars and shares in millions, except per share amounts)For the Three Months EndedJune 30,For the Six Months EndedJune 30,Consolidated Statements of Operations2025202420252024Revenue$22.4 $76.5 $211.2 $101.8 Operating expenses:Research and development68.6 93.7 159.4 178.0 General and administrative25.3 31.3 51.9 55.6 Total operating expenses93.9 125.0 211.3 233.6 Loss from operations(71.5)(48.5)(0.1)(131.8)Other incomeOther expense, net(0.3)(0.1)(0.4)(0.1)Interest income, net10.3 13.6 22.0 27.6 Total other income10.0 13.5 21.6 27.5 Net (loss) income before income taxes(61.5)(35.0)21.5 (104.3)Income tax benefit (expense)0.3 (0.2)0.2 (0.3)Net (loss) income$(61.2)$(35.2)$21.7 $(104.6)(Loss) earnings per common shareBasic$(0.84)$(0.49)$0.30 $(1.46)Diluted$(0.84)$(0.49)$0.30 $(1.46)Weighted average common shares outstandingBasic73.0 71.9 72.8 71.7 Diluted73.0 71.9 73.0 71.7 

(dollars in millions)For the Three Months EndedJune 30,For the Six Months EndedJune 30,Consolidated Statements of Comprehensive (Loss) Income2025202420252024Net (loss) income$(61.2)$(35.2)$21.7 $(104.6)Other comprehensive loss:Unrealized (loss) gain on available-for-sale securities(0.5)0.6 — (0.7)Comprehensive (loss) income$(61.7)$(34.6)$21.7 $(105.3)

See accompanying