ARVN - Arvinas, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$14.75
DETAILS
HIGH:
$20.00
LOW:
$10.00
MEDIAN:
$14.50
CONSENSUS:
$14.75
UPSIDE:
62.27%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 262.6 | 263.4 | 78.5 | 131.4 | 53.6 | 25.9 | 43.0 | 14.3 | 7.6 | 6.7 |
| Cost of Revenue | 5.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 257.4 | 263.4 | 78.5 | 131.4 | 53.6 | 25.9 | 43.0 | 14.3 | 7.6 | 6.7 |
| Operating Expenses | ||||||||||
| R&D Expenses | 282.9 | 348.2 | 379.7 | 315 | 180.4 | 108.4 | 67.2 | 45.2 | 28.8 | 19.9 |
| SG&A Expenses | 89.4 | 165.4 | 100.3 | 79.6 | 61.6 | 38.3 | 27.3 | 12.9 | 3.5 | 3.2 |
| Other Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0 | 0 |
| Operating Expenses | 372.3 | 513.6 | 480 | 394.6 | 242 | 146.7 | 94.5 | 58.1 | 32.3 | 23.1 |
| Operating Income | ||||||||||
| Operating Income | (114.9) | (250.2) | (401.5) | (263.2) | (188.4) | (120.8) | (51.5) | (43.8) | (24.8) | (16.5) |
| Interest Expense | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Interest Income | 22 | 54.8 | 38.8 | 12 | 1.8 | 3.6 | 4.6 | 2.5 | 0.2 | 0.4 |
| Profitability | ||||||||||
| EBITDA | (75.3) | (243.6) | (394.8) | (255) | (182.4) | (117.6) | (68.0) | (40.7) | (23.7) | (13.9) |
| EBIT | (80.5) | (250.2) | (401.5) | (263.2) | (188.4) | (120.8) | (70.2) | (41.4) | (24.0) | (14.4) |
| Income Before Tax | (80.5) | (198.3) | (366.4) | (261.6) | (191) | (119.3) | (70.3) | (41.5) | (24.0) | (14.4) |
| Income Tax Expense | 0.3 | 0.6 | 0.9 | 20.9 | 0 | 0 | 0 | 0 | 0 | (0.1) |
| Net Income | (80.8) | (198.9) | (367.3) | (282.5) | (191) | (119.3) | (70.3) | (41.5) | (24.0) | (14.4) |
| Per Share Data | ||||||||||
| EPS (Basic) | -1.28 | -2.77 | -6.62 | -5.31 | -3.82 | -3.02 | -1.89 | -1.31 | -1.38 | -7.56 |
| EPS (Diluted) | -1.28 | -2.77 | -6.62 | -5.31 | -3.82 | -3.02 | -1.89 | -1.31 | -1.38 | -7.56 |
| Shares Outstanding | 64.9 | 71.9 | 55.5 | 53.2 | 50 | 39.5 | 32.9 | 31.6 | 20.7 | 1.9 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 142.9 | 100.5 | 311.7 | 81.3 | 108.3 | 588.4 | 9.2 | 3.2 | 30.9 | 5.1 |
| Short-Term Investments | 542.5 | 938.9 | 949.3 | 1,124 | 1,394.3 | 100.2 | 271.7 | 184.6 | 8.3 | 30.5 |
| Net Receivables | 6.4 | 13.7 | 7.2 | 8 | 25.7 | 8.4 | 6.3 | 5.0 | 26.0 | 1.4 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 8.9 | 14.2 | 12 | 26.9 | 4.5 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 700.7 | 1,067.3 | 1,280.2 | 1,240.2 | 1,552.5 | 703.1 | 290.9 | 195.7 | 65.5 | 37.3 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 13.4 | 16 | 14 | 17.8 | 16.6 | 14.3 | 10.7 | 3.6 | 1.3 | 0.6 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 3.8 | 8.1 | 10.4 | 10.8 | 12.5 | 0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Total Non-Current Assets | 17.2 | 24.1 | 24.4 | 28.6 | 29.1 | 14.3 | 10.8 | 3.6 | 1.3 | 0.7 |
| Total Assets | 717.9 | 1,091.4 | 1,304.6 | 1,268.8 | 1,581.6 | 717.4 | 301.6 | 199.3 | 66.8 | 37.9 |
| Current Liabilities | ||||||||||
| Account Payables | 24.4 | 13.4 | 17.8 | 5.7 | 31.3 | 7.1 | 4.6 | 2.8 | 0.6 | 1.6 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.2 | 0.2 | 0.1 |
| Deferred Revenue | 71.3 | 156.2 | 163 | 218.6 | 206.2 | 22.2 | 20.0 | 16.1 | 13.6 | 6.7 |
| Other Current Liabilities | 17.5 | 0 | 48 | 18.7 | 12.4 | 9 | 5.8 | 0 | 0 | 0 |
| Total Current Liabilities | 142.5 | 229.8 | 257.1 | 295.1 | 261.7 | 49.2 | 32.8 | 23.0 | 17.9 | 10.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0.4 | 0.6 | 0.8 | 1 | 1 | 2 | 2 | 2 | 0.2 | 0.3 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (61.4) | (56.9) |
| Other Non-Current Liabilities | 0.1 | 0 | 0 | 0 | 0 | 0 | 0 | 0.1 | 0.1 | 0.1 |
| Total Non-Current Liabilities | 141.6 | 299.9 | 387.5 | 408.8 | 538.2 | 26 | 42.1 | 39.6 | 48.7 | 3.9 |
| Total Liabilities | 284.1 | 529.7 | 644.6 | 703.9 | 799.9 | 75.2 | 75.0 | 62.6 | 66.6 | 13.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0.0 | 0.0 | 1.2 | 0.9 |
| Retained Earnings | (1,612.4) | (1,531.6) | (1,332.7) | (965.4) | (682.9) | (491.9) | (372.6) | (302.3) | (62.4) | (33.8) |
| Accumulated Other Comprehensive Income | 1.2 | 1 | (3.1) | (19.2) | (4.6) | 0.6 | 0.1 | (0.2) | (0.0) | (0.0) |
| Total Stockholders' Equity | 433.8 | 561.7 | 660 | 564.9 | 781.7 | 642.2 | 226.7 | 136.7 | 0.2 | 24.0 |
| Total Liabilities & Equity | 717.9 | 1,091.4 | 1,304.6 | 1,268.8 | 1,581.6 | 717.4 | 301.6 | 199.3 | 66.8 | 37.9 |
| Debt Metrics | ||||||||||
| Total Debt | 8.9 | 9.7 | 3.2 | 5.5 | 5 | 4.1 | 4.4 | 2.2 | 0.3 | 0.5 |
| Net Debt | (134) | (90.8) | (308.5) | (75.8) | (103.3) | (584.3) | (4.8) | (1.0) | (30.6) | (4.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (80.8) | (198.9) | (367.3) | (282.5) | (191) | (119.3) | (70.3) | (41.5) | (24.0) | (14.4) |
| Depreciation & Amortization | 5.2 | 6.6 | 6.7 | 8.2 | 6 | 4.0 | 2.3 | 0.7 | 0.3 | 0.4 |
| Stock-Based Compensation | 44 | 88.2 | 71.6 | 75.5 | 57.1 | 30.2 | 20.1 | 11.6 | 0.2 | 0.5 |
| Change in Working Capital | (233.7) | (140.6) | (44.4) | (82.6) | 678.3 | (5.9) | 7.2 | 12.6 | 28.2 | (5.6) |
| Other Non-Cash Items | (8.5) | (14.6) | (14.4) | 7.9 | 9 | 1.7 | 0.2 | 0.3 | 0.4 | 0.6 |
| Operating Cash Flow | (273.8) | (259.3) | (347.8) | (273.5) | 559.4 | (89.8) | (40.6) | (16.1) | 5.1 | (19.4) |
| Investing Activities | ||||||||||
| Capital Expenditure | (1.9) | (1.8) | (2.9) | (6.8) | (4.7) | (6.4) | (6.2) | (2.8) | (1.0) | (0.3) |
| Acquisitions | 0 | 0.1 | 0 | 0.4 | 0 | (395.1) | 86.8 | 0 | 0 | 0.1 |
| Purchases of Investments | (354.2) | (652.1) | (956.3) | (886.4) | (1,744.6) | (41.2) | (256.5) | (234.9) | (3.2) | (36.7) |
| Sales/Maturities of Investments | 763.7 | 688.5 | 1,162.7 | 1,136 | 435.7 | 211.9 | 169.7 | 58.1 | 25.1 | 16.9 |
| Other Investing Activities | 0 | 0 | 0 | (0.4) | 0 | 395.1 | (86.8) | (176.8) | 21.9 | (0.1) |
| Investing Cash Flow | 407.6 | 34.7 | 203.5 | 242.8 | (1,313.6) | 164.3 | (93.1) | (179.7) | 20.9 | (20.1) |
| Financing Activities | ||||||||||
| Net Debt Issuance | (0.2) | (0.4) | 0 | 0 | 0 | 0 | (0.2) | 1.8 | (0.2) | (0.1) |
| Stock Repurchased | (91.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 0 | 0 | 0 | 14 | (20.9) | 0 | (3.3) | 0 | 0 |
| Financing Cash Flow | (91.4) | 7.9 | 374.7 | 4.7 | 278.6 | 504.7 | 139.7 | 168.1 | (0.2) | (0.1) |
| Cash Position | ||||||||||
| Net Change in Cash | 42.4 | (216.7) | 230.4 | (26) | (475.6) | 579.2 | 6.0 | (27.7) | 25.8 | (39.7) |
| Cash at Beginning | 100.5 | 317.2 | 86.8 | 112.8 | 588.4 | 9.2 | 3.2 | 30.9 | 5.1 | 44.8 |
| Cash at End | 142.9 | 100.5 | 317.2 | 86.8 | 112.8 | 588.4 | 9.2 | 3.2 | 30.9 | 5.1 |
| Free Cash Flow | (275.7) | (261.1) | (350.7) | (280.3) | 554.7 | (96.2) | (46.9) | (18.9) | 4.1 | (19.7) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 262.6 | 263.4 | 78.5 | 131.4 | 53.6 | 25.9 | 43.0 | 14.3 | 7.6 | 6.7 |
| Gross Profit | 257.4 | 263.4 | 78.5 | 131.4 | 53.6 | 25.9 | 43.0 | 14.3 | 7.6 | 6.7 |
| Operating Income | (114.9) | (250.2) | (401.5) | (263.2) | (188.4) | (120.8) | (51.5) | (43.8) | (24.8) | (16.5) |
| Net Income | (80.8) | (198.9) | (367.3) | (282.5) | (191) | (119.3) | (70.3) | (41.5) | (24.0) | (14.4) |
| EPS (Diluted) | -1.28 | -2.77 | -6.62 | -5.31 | -3.82 | -3.02 | -1.89 | -1.31 | -1.38 | -7.56 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 142.9 | 100.5 | 311.7 | 81.3 | 108.3 | 588.4 | 9.2 | 3.2 | 30.9 | 5.1 |
| Total Assets | 717.9 | 1,091.4 | 1,304.6 | 1,268.8 | 1,581.6 | 717.4 | 301.6 | 199.3 | 66.8 | 37.9 |
| Total Debt | 8.9 | 9.7 | 3.2 | 5.5 | 5 | 4.1 | 4.4 | 2.2 | 0.3 | 0.5 |
| Stockholders' Equity | 433.8 | 561.7 | 660 | 564.9 | 781.7 | 642.2 | 226.7 | 136.7 | 0.2 | 24.0 |
| Cash Flow | ||||||||||
| Operating Cash Flow | (273.8) | (259.3) | (347.8) | (273.5) | 559.4 | (89.8) | (40.6) | (16.1) | 5.1 | (19.4) |
| Capital Expenditure | (1.9) | (1.8) | (2.9) | (6.8) | (4.7) | (6.4) | (6.2) | (2.8) | (1.0) | (0.3) |
| Free Cash Flow | (275.7) | (261.1) | (350.7) | (280.3) | 554.7 | (96.2) | (46.9) | (18.9) | 4.1 | (19.7) |