ARVINAS, INC.
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
ARVN$6.92+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Nine Months EndedSeptember 30, | ||
|---|---|---|
| (dollars in millions) | 2025 | 2024 |
| Cash flows from operating activities: | ||
| Net loss | $(13.4) | $(153.8) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 2.3 | 3.5 |
| Net accretion of bond discounts/premiums | (10.4) | (17.1) |
| Amortization of right-of-use assets | 1.7 | 1.5 |
| Amortization of collaboration contract asset | 4.1 | 3.6 |
| Net loss on disposal of property, plant and equipment | — | 2.6 |
| Stock-based compensation | 35.5 | 64.9 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (14.6) | (7.3) |
| Other receivables | 1.5 | (0.3) |
| Prepaid expenses and other assets | 2.3 | (6.4) |
| Collaboration contract asset | — | (3.0) |
| Accounts payable and accrued liabilities | (17.7) | (16.3) |
| Operating lease liability | (1.6) | (1.6) |
| Deferred revenue | (233.1) | (45.5) |
| Net cash used in operating activities | (243.4) | (175.2) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (347.6) | (600.8) |
| Maturities of marketable securities | 611.1 | 538.0 |
| Purchases of property, equipment and leasehold improvements | (1.7) | (1.5) |
| Proceeds from disposal of property, equipment and leaseholds improvements | — | 0.1 |
| Net cash provided by (used in) investing activities | 261.8 | (64.2) |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (0.1) | (0.3) |
| Repurchase of common shares | (17.8) | — |
| Proceeds from exercise of stock options and issuance of ESPP shares | 0.5 | 7.7 |
| Net cash (used in) provided by financing activities | (17.4) | 7.4 |
| Net increase (decrease) in cash and cash equivalents | 1.0 | (232.0) |
| Cash, cash equivalents and restricted cash, beginning of the period | 100.5 | 317.2 |
| Cash and cash equivalents, end of the period | $101.5 | $85.2 |
| Supplemental disclosure of cash flow information: | ||
| Repurchases of common shares unpaid at period end | $2.5 | $— |
| Cash paid for taxes | $0.3 | $1.6 |
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