ARVINAS, INC. (ARVN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	275.3M	262.6M	263.4M	78.5M	131.4M
Cost of Revenue	11.4M	5.2M	—	—	—
Gross Profit	263.9M	257.4M	263.4M	78.5M	131.4M
Operating Expenses
R&D Expense	220.6M	282.9M	348.2M	379.7M	315.0M
SG&A Expense	76.2M	89.4M	165.4M	100.3M	79.6M
General & Admin Expense	78.1M	89.4M	165.4M	100.3M	79.6M
Selling & Marketing Expense	(1.9M)	—	—	—	—
Other Expenses	(3.5M)	—	—	—	—
Total Operating Expenses	293.3M	372.3M	513.6M	480.0M	394.6M
Cost and Expenses	304.7M	377.5M	513.6M	480.0M	394.6M
Operating Income (EBIT)	(29.4M)	(114.9M)	(250.2M)	(401.5M)	(263.2M)
Non-Operating
Interest Income	20.9M	22.0M	54.8M	38.8M	12.0M
Interest Expense	—	—	—	—	—
Net Interest Income	20.9M	22.0M	54.8M	38.8M	12.0M
Other Non-Op Income/Expense	20.6M	34.4M	51.9M	35.1M	1.6M
Non-Operating Income (excl Interest)	(4.2M)	(34.4M)	(51.9M)	(35.1M)	(1.6M)
EBT (Pre-Tax Income)	(8.8M)	(80.5M)	(198.3M)	(366.4M)	(261.6M)
Income Tax Expense	300.0K	300.0K	600.0K	900.0K	20.9M
Bottom Line
Net Income	(9.5M)	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Earnings from Cont. Ops	(9.5M)	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(9.5M)	(80.8M)	(198.9M)	(367.3M)	(282.5M)
Per Share
Basic EPS	($0.15)	($1.28)	($2.77)	($6.62)	($5.31)
Diluted EPS	($0.18)	($1.28)	($2.77)	($6.62)	($5.31)
Revenue Per Share	$4.21	$4.05	$3.66	$1.41	$2.47
Shares
Basic Shares Outstanding	65.4M	64.9M	71.9M	55.5M	53.2M
Diluted Shares Outstanding	65.4M	64.9M	71.9M	55.5M	53.2M
Profitability Metrics
EBITDA	(21.7M)	(75.3M)	(191.7M)	(359.7M)	(253.4M)
D&A	3.5M	5.2M	6.6M	6.7M	8.2M
EBIT	33.9M	(80.5M)	(198.3M)	(366.4M)	(261.6M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026