ARVINAS INC

For the period ended Dec 31, 2023. Filed Feb 27, 2024.

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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.

FY2023 · Filed Feb 27, 2024

ARVN$6.92+2.4%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations and Comprehensive Loss

(dollars and shares in millions, except per share amounts)	Year Ended December 31,
Consolidated Statements of Operations	2023	2022	2021
Revenue	$78.5	$131.4	$53.6
Operating expenses:
Research and development	379.7	315.0	180.4
General and administrative	100.3	79.6	61.6
Total operating expenses	480.0	394.6	242.0
Loss from operations	(401.5)	(263.2)	(188.4)
Other income (expense)
Other (expense) income, net	(1.2)	0.2	2.5
Interest income, net	38.8	12.0	1.8
Total other income	37.6	12.2	4.3
Net loss before income taxes and loss from equity method investment	(363.9)	(251.0)	(184.1)
Income tax expense	(0.9)	(20.9)	—
Loss from equity method investment	(2.5)	(10.6)	(6.9)
Net loss	$(367.3)	$(282.5)	$(191.0)
Net loss per common share - basic and diluted	$(6.62)	$(5.31)	$(3.82)
Weighted-average common shares outstanding - basic and diluted	55.5	53.2	50.0

(dollars in millions)	Year Ended December 31,
Consolidated Statements of Comprehensive Loss	2023	2022	2021
Net loss	$(367.3)	$(282.5)	$(191.0)
Other comprehensive loss:
Unrealized gain (loss) on available-for-sale securities	16.1	(14.5)	(5.2)
Comprehensive loss	$(351.2)	$(297.0)	$(196.2)

F - 5

ContentsView on SEC.gov

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