ERAS - Erasca, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$17.80
DETAILS
HIGH:
$30.00
LOW:
$10.00
MEDIAN:
$12.00
CONSENSUS:
$17.80
UPSIDE:
58.36%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost of Revenue | 3.1 | 0 | 3.7 | 2.6 | 0.8 | 0 | 0 |
| Gross Profit | (3.1) | 0 | (3.7) | (2.6) | (0.8) | 0 | 0 |
| Operating Expenses | |||||||
| R&D Expenses | 92.9 | 115.4 | 103.8 | 112.5 | 73.9 | 101.3 | 9.6 |
| SG&A Expenses | 38.6 | 41.7 | 37.7 | 33.0 | 22.6 | 8.0 | 3.7 |
| Other Expenses | (3.1) | 22.5 | (3.7) | 99.4 | 27.5 | 0 | 0 |
| Operating Expenses | 128.3 | 179.6 | 137.8 | 244.8 | 124.1 | 109.3 | 13.3 |
| Operating Income | |||||||
| Operating Income | (131.4) | (179.6) | (141.5) | (247.4) | (124.9) | (109.3) | (13.3) |
| Interest Expense | 0 | 0 | 0 | 201.4 | 0 | 0 | 0 |
| Interest Income | 16.6 | 20.1 | 16.7 | 4.9 | 0.2 | 0.3 | 1.3 |
| Profitability | |||||||
| EBITDA | (128.3) | (153.3) | (121.3) | (240.2) | (121.9) | (37.0) | (13.0) |
| EBIT | (131.4) | (157.1) | (125.0) | (242.8) | (122.8) | (37.5) | (13.3) |
| Income Before Tax | (124.5) | (161.7) | (125.0) | (242.8) | (122.8) | (101.7) | (12.0) |
| Income Tax Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | (124.5) | (161.7) | (125.0) | (242.8) | (122.8) | (101.7) | (12.0) |
| Per Share Data | |||||||
| EPS (Basic) | -0.44 | -0.69 | -0.83 | -1.99 | -1.03 | -0.85 | -0.10 |
| EPS (Diluted) | -0.44 | -0.69 | -0.83 | -1.99 | -1.03 | -0.85 | -0.10 |
| Shares Outstanding | 283.5 | 233.8 | 150.2 | 122.0 | 119.1 | 119.0 | 119.0 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 73.8 | 67.7 | 93.1 | 284.2 | 360.5 | 65.4 | 29.6 |
| Short-Term Investments | 202.3 | 230.6 | 219.3 | 151.4 | 54.0 | 53.3 | 20.8 |
| Net Receivables | 2.5 | 2.3 | 0 | 0 | 0 | 0 | 0 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 7.7 | 8.2 | 1.1 | 0.7 | 0.1 | 1.3 | 0 |
| Total Current Assets | 286.2 | 308.8 | 320.7 | 444.5 | 420.0 | 120.0 | 51.1 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 42.3 | 48.5 | 60.2 | 65.2 | 33.3 | 4.1 | 4.3 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 66.1 | 142.2 | 10.1 | 2 | 44.8 | 0.3 | 0 |
| Other Non-Current Assets | 1.5 | 3.0 | 4.4 | 3.2 | 3.3 | 0.5 | 0.1 |
| Total Non-Current Assets | 109.9 | 193.7 | 74.6 | 70.4 | 81.4 | 4.8 | 4.4 |
| Total Assets | 396.2 | 502.5 | 395.3 | 514.9 | 501.4 | 124.8 | 55.5 |
| Current Liabilities | |||||||
| Account Payables | 1.0 | 0.5 | 2 | 23.0 | 4.7 | 0.9 | 1.4 |
| Short-Term Debt | 5.1 | 0 | 0 | 0 | 0 | 0.9 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 22.5 | 0 | 10.8 | 2.3 | 4.2 | 9.5 | 0.4 |
| Total Current Liabilities | 28.5 | 31.4 | 26.2 | 48.7 | 26.2 | 13.7 | 2.8 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0.4 | 0.4 | 0.6 | 0.6 | 0.2 | 1.6 | 63.4 |
| Total Non-Current Liabilities | 42.5 | 47.6 | 52.5 | 54.4 | 18.7 | 3.7 | 66.4 |
| Total Liabilities | 71.0 | 79.0 | 78.6 | 103.1 | 44.9 | 17.4 | 69.1 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (892.2) | (767.7) | (606.0) | (481.0) | (238.2) | (115.4) | (13.7) |
| Accumulated Other Comprehensive Income | 0.6 | 0.4 | 0.1 | (1.0) | (0.2) | 0.0 | 0.0 |
| Total Stockholders' Equity | 325.2 | 423.5 | 316.7 | 411.9 | 456.5 | 107.4 | (13.6) |
| Total Liabilities & Equity | 396.2 | 502.5 | 395.3 | 514.9 | 501.4 | 124.8 | 55.5 |
| Debt Metrics | |||||||
| Total Debt | 47.1 | 51.9 | 55.9 | 55.1 | 18.8 | 3.0 | 3.7 |
| Net Debt | (26.7) | (15.8) | (37.2) | (229.1) | (341.7) | (62.4) | (25.9) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | (124.5) | (161.7) | (125.0) | (242.8) | (122.8) | (101.7) | (12.0) |
| Depreciation & Amortization | 3.1 | 3.8 | 3.7 | 2.6 | 0.8 | 0.5 | 0.3 |
| Stock-Based Compensation | 24.9 | 27.0 | 26.2 | 20.1 | 8.3 | 0.8 | 0.1 |
| Change in Working Capital | (3.3) | 1.7 | 0.8 | 15.8 | 7.7 | 3.3 | 1.7 |
| Other Non-Cash Items | 4.4 | 19.7 | (7.0) | 101.0 | 27.8 | 64.3 | (0.5) |
| Operating Cash Flow | (95.5) | (109.4) | (101.2) | (103.3) | (79.6) | (32.7) | (10.4) |
| Investing Activities | |||||||
| Capital Expenditure | (0.1) | (22.6) | (1.8) | (16.6) | (18.9) | (38.7) | (0.6) |
| Acquisitions | 0 | 0 | 0 | 4 | 7.7 | 0 | 0 |
| Purchases of Investments | (151.0) | (403.4) | (314.4) | (134.3) | (105.8) | (99.2) | (58.9) |
| Sales/Maturities of Investments | 261.0 | 269.3 | 244.9 | 79.8 | 60.1 | 66.7 | 38.6 |
| Other Investing Activities | (9.5) | (22.5) | (20) | (4) | (7.7) | (37.7) | 0 |
| Investing Cash Flow | 100.4 | (156.6) | (91.2) | (71.1) | (64.6) | (71.2) | (20.9) |
| Financing Activities | |||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | 0 | 1.6 | 0 | 2.8 | 3.0 | 3.0 | 0 |
| Financing Cash Flow | 1.1 | 240.7 | 1.3 | 98.1 | 439.4 | 140.0 | 16.9 |
| Cash Position | |||||||
| Net Change in Cash | 6.1 | (25.3) | (191.1) | (76.3) | 295.2 | 36.1 | (14.4) |
| Cash at Beginning | 68.1 | 93.5 | 284.6 | 360.9 | 65.7 | 29.6 | 44.0 |
| Cash at End | 74.2 | 68.1 | 93.5 | 284.6 | 360.9 | 65.7 | 29.6 |
| Free Cash Flow | (95.6) | (132.0) | (103.0) | (119.8) | (98.5) | (71.4) | (11.0) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | (3.1) | 0 | (3.7) | (2.6) | (0.8) | 0 | 0 |
| Operating Income | (131.4) | (179.6) | (141.5) | (247.4) | (124.9) | (109.3) | (13.3) |
| Net Income | (124.5) | (161.7) | (125.0) | (242.8) | (122.8) | (101.7) | (12.0) |
| EPS (Diluted) | -0.44 | -0.69 | -0.83 | -1.99 | -1.03 | -0.85 | -0.10 |
| Balance Sheet | |||||||
| Cash & Equivalents | 73.8 | 67.7 | 93.1 | 284.2 | 360.5 | 65.4 | 29.6 |
| Total Assets | 396.2 | 502.5 | 395.3 | 514.9 | 501.4 | 124.8 | 55.5 |
| Total Debt | 47.1 | 51.9 | 55.9 | 55.1 | 18.8 | 3.0 | 3.7 |
| Stockholders' Equity | 325.2 | 423.5 | 316.7 | 411.9 | 456.5 | 107.4 | (13.6) |
| Cash Flow | |||||||
| Operating Cash Flow | (95.5) | (109.4) | (101.2) | (103.3) | (79.6) | (32.7) | (10.4) |
| Capital Expenditure | (0.1) | (22.6) | (1.8) | (16.6) | (18.9) | (38.7) | (0.6) |
| Free Cash Flow | (95.6) | (132.0) | (103.0) | (119.8) | (98.5) | (71.4) | (11.0) |