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Financials · ARVN

Arvinas Inc. (ARVN) financials

For the twelve months ended Sep 30, 2026, Arvinas Inc. reported $275.30M of revenue and -$9.50M of net income.

Revenue, TTM
$275.30M
Revenue growth, YoY
-11.8%
Net income, TTM
-$9.50M
Net margin
-3.5%
Free cash flow, TTM
-$160.20M
EPS, diluted, TTM
-$0.10
Cash
$88.00M
Total debt
$400.0K
P/S
1.61
Market cap
$442.7M
Annual revenue$262.60M
FY2017FY2025
Annual net income-$80.80M
FY2017FY2025
Annual free cash flow-$275.70M
FY2017FY2025

ARVN revenue and earnings growth

ARVN revenueQ3 2026$500.0K

Quarter YoY
-98.8%
QoQ
-99.8%
FY YoY
-0.3%
5Y CAGR
+58.9%

ARVN revenue was $500.0K in fiscal Q3 2026 (ended Sep 30, 2026), down 98.8% from a year earlier and down 99.8% from the prior quarter. For the full fiscal 2025 it was $262.60M, down 0.3% from fiscal 2024. Compound annual growth was +58.9% over 5 years. It rose in 5 of the last 8 fiscal years.

ARVN net incomeQ3 2026-$53.90M

ARVN net income was -$53.90M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$35.10M a year earlier. For the full fiscal 2025 it was -$80.80M, compared with -$198.90M in fiscal 2024.

ARVN EPSQ3 2026-$0.82

ARVN diluted EPS was -$0.82 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.48 a year earlier. For the full fiscal 2025 it was -$1.14, compared with -$2.77 in fiscal 2024.

ARVN free cash flowQ3 2026-$10.60M

ARVN free cash flow was -$10.60M in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$59.20M a year earlier. For the full fiscal 2025 it was -$275.70M, compared with -$261.10M in fiscal 2024.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue$262.60M$263.40M$78.50M$131.40M$53.60M$25.90M$43.00M$14.32M$7.58M
Research and development$285.20M$348.20M$379.70M$315.00M$180.40M$108.40M$67.20M$45.19M$28.79M
Selling, general and admin$95.90M$165.40M$100.30M$79.60M$61.60M$38.30M$27.30M$12.93M$3.55M
Operating income-$118.50M-$250.20M-$401.50M-$263.20M-$188.40M-$120.80M-$51.50M-$43.80M-$24.76M
Interest expense-$0$0$0$0$100.0K$100.0K$57.4K$50.4K
Pre-tax income-$80.50M-$198.30M-$363.90M-$251.00M-$184.10M-$115.20M---
Income tax$300.0K$600.0K$900.0K$20.90M$0$0$0$0$0
Net income-$80.80M-$198.90M-$367.30M-$282.50M-$191.00M-$119.30M-$70.30M-$41.48M-$24.05M
EPS, basic-$1.14-$2.77-$6.62-$5.31-$3.82-$3.02-$2.13-$25.45-$15.08
EPS, diluted-$1.14-$2.77-$6.62-$5.31-$3.82-$3.02-$2.13-$25.45-$15.08
Diluted shares70.9M71.9M55.5M53.2M50.0M39.5M32.9M9.4M1.9M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Cash and equivalents$142.90M$100.50M$311.70M$86.80M$112.80M$588.40M$9.20M$3.20M$30.91M
Short-term investments$542.50M$938.90M$949.30M$1.12B$1.39B$100.20M$271.66M$184.64M$8.26M
Receivables$1.00M$5.70M$0$1.00M$15.00M$1.00M-$2.78M$25.00M
Current assets$700.70M$1.07B$1.28B$1.24B$1.55B$703.10M$290.88M$195.68M$65.53M
Total assets$717.90M$1.09B$1.30B$1.27B$1.58B$717.40M$301.64M$199.28M$66.85M
Current liabilities$142.50M$229.80M$257.10M$295.10M$261.70M$49.20M$32.81M$22.98M$17.85M
Short-term debt$200.0K$200.0K$200.0K$0---$154.5K$159.3K
Long-term debt$400.0K$600.0K$800.0K$1.00M$1.00M$2.00M$2.00M$2.00M$151.1K
Total debt$600.0K$800.0K$1.00M$1.00M$1.00M$2.00M$2.00M$2.15M$310.4K
Total liabilities$284.00M$529.70M$644.60M$703.90M$799.90M$75.20M$74.96M$62.61M$66.60M
Shareholders' equity$433.90M$561.70M$660.00M$564.90M$781.70M$642.20M$226.60M$136.60M-$61.23M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Operating cash flow-$273.80M-$259.30M-$347.80M-$273.50M$559.40M-$89.70M-$40.60M-$16.12M$5.11M
Capital expenditures$1.90M$1.80M$2.90M$6.80M$4.70M$6.40M$6.30M$2.83M$1.01M
Free cash flow-$275.70M-$261.10M-$350.70M-$280.30M$554.70M-$96.10M-$46.90M-$18.95M$4.10M
Investing cash flow$407.60M$34.70M$203.50M$242.80M-$1.31B$164.30M-$93.10M-$179.67M$20.87M
Financing cash flow-$91.40M$7.90M$374.70M$4.70M$278.60M$504.60M$139.70M$168.06M-$161.4K
Share repurchases$91.90M$0$0------
Stock-based compensation$44.00M$88.20M$71.60M$75.50M$57.10M$30.20M$20.10M$11.63M$245.0K
Depreciation and amortization$3.00M$4.60M$4.80M$6.30M$4.80M$3.20M$1.60M$706.0K$347.4K

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
Revenue growth, YoY-0.3%235.5%-40.3%145.1%106.9%-39.8%200.2%89.0%-
Operating margin-45.1%-95.0%-511.5%-200.3%-351.5%-466.4%-119.8%-305.8%-326.7%
Net margin-30.8%-75.5%-467.9%-215.0%-356.3%-460.6%-163.5%-289.6%-317.3%
Free cash flow margin-105.0%-99.1%-446.8%-213.3%1034.9%-371.0%-109.1%-132.3%54.1%
Return on equity-18.6%-35.4%-55.7%-50.0%-24.4%-18.6%-31.0%-30.4%-
Return on assets-11.3%-18.2%-28.2%-22.3%-12.1%-16.6%-23.3%-20.8%-36.0%
Current ratio4.924.644.984.205.9314.298.868.523.67
Debt to equity0.000.000.000.000.000.000.010.02-

Source: XBRL data Arvinas Inc. files with the SEC, latest filing dated Nov 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ARVN peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ARVN$275.30M-11.8%-$9.50M-3.5%$442.7M
LLY$86.46B+45.5%$27.58B31.9%$1.33T
JNJ$99.33B+7.8%$16.09B16.2%$679.13B
ABBV$66.01B+10.7%$10.34B15.7%$518.44B
MRK$67.38B+4.9%$2.45B3.6%$366.73B
NVS$54.53B+8.4%$13.98B25.6%$312.35B
AZN$58.74B+8.6%$10.22B17.4%$293.69B
ABT$48.23B+10.0%$4.70B9.7%$191.40B
NVODKK 309.06B+6.4%DKK 102.43B33.1%$183.23B

ARVN FAQ

8 questions
  • What is ARVN revenue?
    Arvinas Inc. (ARVN) reported $275.30M of revenue for the twelve months ended Sep 30, 2026. That is down 11.8% from the year before. Revenue for fiscal 2025 was $262.60M.
  • Is ARVN profitable?
    No. Arvinas Inc. reported a net loss of $9.50M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does ARVN have?
    Arvinas Inc. reported $88.00M in cash and cash equivalents and $400.0K of debt on its most recent balance sheet in SEC filings.
  • How fast is ARVN revenue growing?
    Arvinas Inc.'s revenue changed -0.3% in fiscal 2025, to $262.60M. Its compound annual growth rate was +58.9% over 5 years.
  • What is ARVN free cash flow?
    Arvinas Inc. generated -$160.20M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of -$158.30M less capital expenditures.
  • What is ARVN earnings per share?
    Diluted earnings per share were -$0.10 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did ARVN last report financial results?
    The latest statements here come from Arvinas Inc.'s 10-Q filed on Nov 3, 2026, covering the period ended Sep 30, 2026.
  • Where does this ARVN financial data come from?
    Quantisnow builds these statements from the structured XBRL data Arvinas Inc. files with the SEC. It is provided for information only and is not investment advice.