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NASDAQ · PHARMACEUTICAL PREPARATIONS · MID CAP

Arvinas, Inc. ARVN

9 fiscal years on record · USD · FY2025 reported · SEC filings only
$262.6M
▼ 0.3% YoY
$-80.8M
$-275.7M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

As of December 31, 2025, the company had approximately 246 full-time employees, of whom 188 were engaged in research and development activities and approximately 50 in general and administrative activities. It is progressing five product candidates through clinical development: ARV-102, targeting the LRRK2 protein for neurodegenerative diseases including Parkinson's disease and progressive supranuclear palsy; ARV-806, targeting KRAS-G12D for pancreatic, colorectal and non-small cell lung cancers; ARV-393, targeting BCL6 for relapsed/refractory non-Hodgkin lymphoma; ARV-027, targeting the polyglutamine-expanded androgen receptor in skeletal muscle; and vepdegestrant, targeting the estrogen receptor for locally advanced or metastatic ER+/HER2- breast cancer. The company does not own or operate manufacturing facilities and relies on third-party contract manufacturing and contract development and manufacturing organizations for drug substance, finished drug product, and preclinical compound synthesis. In July 2021, the company entered into a collaboration agreement with Pfizer under which it granted Pfizer worldwide co-exclusive rights to develop and commercialize products containing its compound vepdegestrant, and received an upfront, non-refundable payment of $650 million.

Written from the business description in ARVINAS, INC.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 262.6M
Revenue, FY2025 · full 9-year series below
Revenue $M Net income $M
FY2025 · Revenue 262.6 · Net income -80.8
100M200M-150M-300M
2017202020232025
Compound annual growth
+26.0%
+58.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +58.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−31 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -45.1% · Net -30.8%
-200%-400%
201720212025
ROE
FY2025 · ROE -16.2%
-20%-40%
201720212025
Three returns, three denominators.

Each USD of equity lost 16 cents this year.

Cash & shareholders

USD 91.9M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -275.7
200M400M-150M-300M
201720212025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 91.9
40M80M
202320242025

USD 91.9M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 717.9M
EquityUSD 433.9M
CashUSD 142.9M
Gross debtUSD 600,000.00
Net debtUSD -142.3M
Current ratio4.92×

The company holds more cash than debt.

The 9-year record

9 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
ARVN, 9-year financial record
Metric 202520242023202220212020201920182017
Revenue $B0.30.30.10.10.10.00.00.00.0
Operating income $B−0.1−0.3−0.4−0.3−0.2−0.1−0.1−0.0−0.0
EBITDA $B◌−0.2−0.4−0.3−0.2−0.1−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.00.0
Net income $B−0.1−0.2−0.4−0.3−0.2−0.1−0.1−0.0−0.0
Free cash flow $B−0.3−0.3−0.4−0.30.6−0.1−0.0−0.00.0
EPS, diluted $−1.14−2.77−6.62−5.31−3.82−3.02−2.13−25.45−15.08
Dividend / sh $◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————
ROE %−16.2−32.6−60.0−42.0−26.8−27.5−38.7——
Shares out B0.060.070.070.050.050.050.040.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

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Provenance

Company facts, as filed

How we verify · 0 failures in 36 reconciliationsAUDITED

Reconciled in 9 of the 9 fiscal years we could check. 20 checks were skipped: the balance sheet is not tagged before 2017. 10 checks were skipped: EPS is not tagged before 2017.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2017

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