Company: ARVN
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001628280-25-049527
Chunk: 95

Company: ARVINAS, INC.
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 95
---
holders’ equity$844.3 $1,091.4 

See accompanying notes to the condensed consolidated financial statements

2

Table o    f Contents

ARVINAS, INC. AND SUBSIDIARIES

Condensed Consolidated Statements of Operations and Comprehensive Loss (unaudited)

(dollars and shares in millions, except per share amounts)For the Three Months EndedSeptember 30,For the Nine Months EndedSeptember 30,Consolidated Statements of Operations2025202420252024Revenue$41.9 $102.4 $253.1 $204.2 Operating expenses:Research and development64.7 86.9 224.1 264.9 General and administrative21.0 75.8 72.9 131.3 Total operating expenses85.7 162.7 297.0 396.2 Loss from operations(43.8)(60.3)(43.9)(192.0)Other incomeOther expense, net— (2.6)(0.4)(2.7)Interest income, net9.0 14.3 31.0 41.9 Total other income9.0 11.7 30.6 39.2 Net loss before income taxes(34.8)(48.6)(13.3)(152.8)Income tax expense(0.3)(0.6)(0.1)(1.0)Net loss$(35.1)$(49.2)$(13.4)$(153.8)Loss per common shareBasic and diluted$(0.48)$(0.68)$(0.18)$(2.14)Weighted average common shares outstandingBasic and diluted73.2 72.1 72.9 71.9 

(dollars in millions)For the Three Months EndedSeptember 30,For the Nine Months EndedSeptember 30,Consolidated Statements of Comprehensive Loss2025202420252024Net loss$(35.1)$(49.2)$(13.4)$(153.8)Other comprehensive loss:Unrealized gain on available-for-sale securities0.4 7.9 0.4 7.2 Comprehensive loss$(34.7)$(41.3)$(13.0)$(146.6)

See accompanying notes to the condensed consolidated financial statements

3

Table o    f