Erasca, Inc.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 20, 2025
ERAS$15.48-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated statements of cash flows
Consolidated Statements of Cash Flows
(In thousands)
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities: | ||
| Net loss | $(161,650) | $(125,042) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 3,805 | 3,732 |
| Stock-based compensation expense | 26,973 | 26,231 |
| In-process research and development expenses | 22,500 | — |
| Accretion on marketable securities, net | (9,590) | (6,951) |
| Impairment charge on operating lease assets and property and equipment | 4,653 | — |
| Impairment charge on investment in equity securities | 2,157 | — |
| Changes in operating assets and liabilities: | ||
| Prepaid expenses and other current and long-term assets | (2,397) | 939 |
| Accounts payable | (1,532) | (886) |
| Accrued expenses and other current and long-term liabilities | 6,396 | (2,301) |
| Operating lease assets and liabilities, net | (732) | 3,061 |
| Net cash used in operating activities | (109,417) | (101,217) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (403,224) | (314,390) |
| Maturities of marketable securities | 269,325 | 244,945 |
| In-process research and development | (22,500) | (20,000) |
| Payment made for investment in equity securities | (157) | — |
| Purchases of property and equipment | (60) | (1,775) |
| Net cash used in investing activities | (156,616) | (91,220) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock in private placement, net of fees and expenses | 43,604 | — |
| Proceeds from issuance of common stock in underwritten offering, net of discounts and offering costs | 174,426 | — |
| Proceeds from issuance of common stock in ATM Offering, net of commissions and expenses | 21,031 | — |
| Proceeds from the exercise of stock options | 836 | 505 |
| Proceeds from issuance of common stock under the Employee Stock Purchase Plan | 800 | 790 |
| Net cash provided by financing activities | 240,697 | 1,295 |
| Net decrease in cash, cash equivalents and restricted cash | (25,336) | (191,142) |
| Cash, cash equivalents and restricted cash at beginning of the period | 93,483 | 284,625 |
| Cash, cash equivalents and restricted cash at end of the period | $68,147 | $93,483 |
| Supplemental disclosure of noncash investing and financing activities: | ||
| Amounts accrued for purchases of property and equipment | $— | $13 |
| Vesting of early exercised options | $465 | $1,231 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.