ARVINAS, INC.
For the period ended Mar 31, 2026. Filed May 11, 2026.
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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.
Mar 31, 2026 · Filed May 11, 2026
ARVN$6.92+2.4%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
Condensed Consolidated Statements of Cash Flows (unaudited)
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| (dollars in millions) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net (loss) income | $(57.6) | $82.9 |
| Adjustments to reconcile net (loss) income to net cash used in operating activities: | ||
| Depreciation and amortization | 0.7 | 0.7 |
| Net accretion of bond discounts/premiums | (1.7) | (3.8) |
| Amortization of right-of-use assets | 0.4 | 0.6 |
| Amortization of collaboration contract asset | 0.3 | 3.3 |
| Stock-based compensation | 12.1 | 15.0 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (0.8) | 5.3 |
| Other receivables | 0.8 | — |
| Prepaid expenses and other assets | (0.6) | (2.7) |
| Accounts payable and accrued liabilities | (6.8) | (0.8) |
| Operating lease liability | (0.4) | (0.5) |
| Deferred revenue | (15.6) | (188.9) |
| Net cash used in operating activities | (69.2) | (88.9) |
| Cash flows from investing activities: | ||
| Purchases of marketable securities | (178.9) | (119.6) |
| Maturities of marketable securities | 165.0 | 189.5 |
| Sales of marketable securities | 28.9 | — |
| Purchases of property, equipment and leasehold improvements | (1.3) | (0.4) |
| Net cash provided by investing activities | 13.7 | 69.5 |
| Cash flows from financing activities: | ||
| Repayments of long-term debt | (0.1) | (0.1) |
| Net cash used in financing activities | (0.1) | (0.1) |
| Net decrease in cash and cash equivalents | (55.6) | (19.5) |
| Cash and cash equivalents, beginning of the period | 142.9 | 100.5 |
| Cash and cash equivalents, end of the period | $87.3 | $81.0 |
| Supplemental disclosure of cash flow information: | ||
| Purchases of property, equipment and leasehold improvements unpaid at period end | $— | $0.1 |
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