Arcus Biosciences Inc
For the period ended Mar 31, 2025. Filed May 6, 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.
Mar 31, 2025 · Filed May 6, 2025
RCUS$18.67-1.5%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 Operations
(In millions, except per share amounts)
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenues: | ||
| License and development services revenue (Includes $20 and $131 from a related party) | $20 | $135 |
| Other collaboration revenue (Includes $8 and $10 from a related party) | 8 | 10 |
| Total revenues | 28 | 145 |
| Operating expenses: | ||
| Research and development (Includes $5 and $16 of net recoveries from a related party) | 122 | 109 |
| General and administrative | 28 | 32 |
| Impairment of long-lived assets (see Note 12, Leases) | — | 20 |
| Total operating expenses | 150 | 161 |
| Loss from operations | (122) | (16) |
| Non-operating income (expense): | ||
| Interest and other income, net | 11 | 13 |
| Interest expense | (1) | (1) |
| Total non-operating income, net | 10 | 12 |
| Loss before income taxes | (112) | (4) |
| Income tax expense | — | — |
| Net loss | $(112) | $(4) |
| Net loss per share: | ||
| Basic and diluted | $(1.14) | $(0.05) |
| Shares used to compute net loss per share: | ||
| Basic and diluted | 98.4 | 86.2 |
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