Arcus Biosciences Inc
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
RCUS$18.95+3.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In millions, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| License and development service revenue(Includes $207, $75 and $74 from a related party) | $222 | $80 | $74 |
| Other collaboration revenue(Includes $36, $37 and $33 from a related party) | 36 | 37 | 38 |
| Total revenues | 258 | 117 | 112 |
| Operating expenses: | |||
| Research and development(Includes $39, $110 and $132 of net recoveries froma related party) | 448 | 340 | 288 |
| General and administrative(Includes ($2), $— and $1 of net recoveries from (payments to) a related party) | 120 | 117 | 104 |
| Impairment of long-lived assets (see Note 14, Leases) | 20 | — | — |
| Total operating expenses | 588 | 457 | 392 |
| Loss from operations | (330) | (340) | (280) |
| Non-operating income (expense): | |||
| Interest and other income, net | 52 | 41 | 16 |
| Interest expense | (4) | (2) | (2) |
| Total non-operating income, net | 48 | 39 | 14 |
| Loss before income taxes | (282) | (301) | (266) |
| Income tax expense | (1) | (6) | (1) |
| Net loss | $(283) | $(307) | $(267) |
| Net loss per share: | |||
| Basic and diluted | $(3.14) | $(4.15) | $(3.71) |
| Shares used to compute net loss per share: | |||
| Basic and diluted | 90.1 | 74.0 | 72.0 |
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