Erasca, Inc. logo ERAS - Erasca, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 9
HOLD 1
SELL 1
STRONG
SELL
0
| PRICE TARGET: $17.80 DETAILS
HIGH: $30.00
LOW: $10.00
MEDIAN: $12.00
CONSENSUS: $17.80
UPSIDE: 58.36%
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Revenue
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Cost of Revenue 0.7 0.7 0 0 0 0.8 0 0 1.0 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (0.7) (0.7) 0 0 0 (0.8) 0 0 (1.0) (0.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Expenses
R&D Expenses 27.3 23.2 22.5 21.2 26.0 26.1 27.6 33.0 28.6 24.8 25.2 26.2 27.6 29.4 28.2 27.5 27.4 24.1 20.0 17.6 12.2 64.1 9.1 5.9 4.6
SG&A Expenses 10.6 9.4 10.1 9.5 9.7 8.8 9.6 12.2 9.3 8.1 9.4 9.8 9.4 8.7 8.8 8.4 7.1 6.9 6.9 5.1 3.7 2.9 2.0 1.4 1.6
Other Expenses (0.7) (0.7) 2 7.5 0 0 0 22.5 0 0 0 0 0 100 0 0 2 0 19.2 5.5 3.7 0 0.1 0 17.7
Operating Expenses 37.2 31.9 34.5 38.1 35.6 34.9 37.2 67.8 37.9 32.9 34.7 36.0 37.0 138.1 37.0 35.9 36.5 31.0 46.0 28.2 19.6 67.0 11.2 7.3 23.8
Operating Income
Operating Income (37.9) (32.6) (34.5) (38.1) (35.6) (35.7) (37.2) (67.8) (38.9) (33.9) (34.7) (36.0) (37.0) (138.1) (37.0) (35.9) (36.5) (31.0) (46.0) (28.2) (19.6) (67.0) (11.2) (7.3) (23.8)
Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Interest Income 4.4 3.6 4.0 4.3 4.7 5.3 5.9 5.0 3.9 4.2 4.3 4.3 3.9 2.9 1.5 0.4 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.1 0.2
Profitability
EBITDA (37.2) (31.9) (29.9) (29.8) (34.8) (31.4) (36.4) (44.1) (37.9) (28.8) (33.7) (35.0) (36.1) (37.1) (36.2) (35.4) (34.1) (30.7) (26.7) (22.5) (15.8) (12.8) (10.9) (7.2) (6.0)
EBIT (37.9) (32.6) (30.6) (30.6) (35.6) (32.2) (37.2) (45.3) (38.9) (29.7) (34.7) (36.0) (37.0) (38.1) (37.0) (35.9) (34.5) (31.0) (26.9) (22.7) (15.9) (13.0) (11.1) (7.3) (6.2)
Income Before Tax (183.4) (29.1) (30.6) (33.9) (31.0) (32.2) (31.2) (63.2) (35.0) (29.7) (30.4) (31.8) (33.2) (135.2) (35.5) (35.6) (36.5) (30.5) (46.1) (28.2) (18.0) (61.9) (10.6) (5.5) (23.7)
Income Tax Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Net Income (183.4) (29.1) (30.6) (33.9) (31.0) (32.2) (31.2) (63.2) (35.0) (29.7) (30.4) (31.8) (33.2) (135.2) (35.5) (35.6) (36.5) (30.5) (46.1) (28.2) (18.0) (61.9) (10.6) (5.5) (23.7)
Per Share Data
EPS (Basic) -0.60 -0.10 -0.11 -0.12 -0.11 -0.11 -0.11 -0.29 -0.23 -0.20 -0.20 -0.21 -0.22 -1.06 -0.29 -0.30 -0.31 -0.26 -0.38 -0.23 -0.15 -0.52 -0.09 -0.05 -0.20
EPS (Diluted) -0.60 -0.10 -0.11 -0.12 -0.11 -0.11 -0.11 -0.29 -0.23 -0.20 -0.20 -0.21 -0.22 -1.06 -0.29 -0.30 -0.31 -0.26 -0.38 -0.23 -0.15 -0.52 -0.09 -0.05 -0.20
Shares Outstanding 304.3 283.5 283.7 283.4 283.3 282.8 282.4 217.8 151.2 150.7 150.5 150.0 149.5 127.5 120.8 120.2 119.5 118.8 121.3 121.2 119.0 119.0 121.2 119.0 119.0
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4
Current Assets
Cash & Cash Equivalents 47.3 73.8 70.2 66.1 70.5 67.7 68.9 172.8 76.7 93.1 112.9 138.8 272.8 284.2 219.3 298.0 333.3 360.5 445.8 156.4 170.0 65.4
Short-Term Investments 196.5 202.3 218.2 234.5 234.1 230.6 250.0 235.6 221.0 219.3 183.8 178.5 117.0 151.4 136.7 73.5 59.2 54.0 40.8 37.3 42.4 53.3
Net Receivables 3.3 2.5 2.9 2.1 2.5 2.3 2.4 0 0.9 0 0 0 0 0 0 0 0 0 0 0 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets 6.7 7.7 8.6 7.9 7.5 8.2 8.9 2.2 8.1 1.1 1.1 1.3 1 0.7 0.1 0.1 0 0.1 0 0 0 0
Total Current Assets 253.8 286.2 299.9 310.7 314.6 308.8 330.2 418.0 306.6 320.7 306.0 323.9 397.9 444.5 365.8 381.4 403.4 420.0 492.3 197.3 214.3 120.0
Non-Current Assets
Property, Plant & Equipment 40.9 42.3 44.1 45.6 47.1 48.5 50.0 51.5 58.5 60.2 61.8 63.1 64.4 65.2 65.9 39.0 37.3 33.3 27.6 4.1 3.8 4.1
Goodwill 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 165.1 66.1 74.4 86.5 106.5 142.2 144.4 53.6 0.4 10.1 48.9 50.1 2 2 9.6 19.3 29.2 44.8 0 5 5 0
Other Non-Current Assets 1.4 1.5 2.0 2.6 3.0 3.0 4.3 2.6 4.5 4.4 2.8 3.7 3.2 3.2 5.2 5.1 5.5 3.3 2.1 4.0 1.5 0.8
Total Non-Current Assets 207.4 109.9 120.5 134.7 156.6 193.7 198.7 107.7 63.4 74.6 113.4 116.8 69.7 70.4 80.7 63.4 72.1 81.4 29.6 13.1 10.3 4.8
Total Assets 461.2 396.2 420.4 445.4 471.2 502.5 528.9 525.7 370.0 395.3 419.4 440.7 467.5 514.9 446.4 444.8 475.5 501.4 521.9 210.4 224.6 124.8
Current Liabilities
Account Payables 2.2 1.0 3.0 1.7 2.3 0.5 2.4 2.1 2.6 2 3.7 2.6 3.4 23.0 4.3 2.3 4.7 4.7 1.3 1.5 1.0 0.9
Short-Term Debt 5.3 5.1 4.9 4.7 0 0 0 0 11.0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities 19.2 22.5 11.9 15.1 0 0 15.2 0.4 2.3 10.8 0.6 0.8 1.5 2.3 2.2 3.3 3.1 4.2 3.1 5.1 3.4 2.5
Total Current Liabilities 26.7 28.5 28.7 28.2 25.5 31.4 30.0 24.9 30.2 26.2 26.7 23.3 25.5 48.7 27.7 22.3 21.4 26.2 19.6 17.9 11.2 13.7
Non-Current Liabilities
Long-Term Debt 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0.3 0.4 0.4 0.3 0.3 0.4 0.3 0.1 0.6 0.6 0.8 0.7 0.6 0.6 0 0 0 0.2 0 0 0 0
Total Non-Current Liabilities 41.0 42.5 43.8 45.0 46.3 47.6 48.8 49.8 51.4 52.5 53.7 54.7 55.6 54.4 53.4 27.4 29.4 18.7 19.4 1.7 1.9 2.1
Total Liabilities 67.7 71.0 72.5 73.1 71.7 79.0 78.9 74.7 81.6 78.6 80.4 78.0 81.1 103.1 81.1 49.8 50.8 44.9 39.0 19.6 13.1 15.8
Stockholders' Equity
Common Stock 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Retained Earnings (1,075.6) (892.2) (863.1) (832.5) (798.6) (767.7) (735.4) (704.2) (641.0) (606.0) (576.3) (546.0) (514.2) (481.0) (345.7) (310.2) (274.6) (238.2) (207.7) (161.6) (133.4) (115.4)
Accumulated Other Comprehensive Income (0.7) 0.6 0.6 0.4 0.6 0.4 1.8 (0.2) (0.2) 0.1 (0.6) (0.8) (0.5) (1.0) (1.4) (1.2) (1.0) (0.2) 0 (0.0) 0.0 0.0
Total Stockholders' Equity 393.5 325.2 347.9 372.3 399.5 423.5 450.0 451.1 288.4 316.7 339.0 362.7 386.5 411.9 365.3 395.1 424.7 456.5 483.0 190.8 211.5 109.0
Total Liabilities & Equity 461.2 396.2 420.4 445.4 471.2 502.5 528.9 525.7 370.0 395.3 419.4 440.7 467.5 514.9 446.4 444.8 475.5 501.4 521.9 210.4 224.6 124.8
Debt Metrics
Total Debt 46.0 47.1 48.3 49.4 50.8 51.9 52.9 54.0 66.0 55.9 56.8 57.6 58.1 55.1 54.5 27.6 29.4 18.8 20.2 2.6 2.8 3.0
Net Debt (1.3) (26.7) (21.9) (16.7) (19.7) (15.8) (15.9) (118.8) (10.8) (37.2) (56.1) (81.1) (214.7) (229.1) (164.8) (270.4) (303.9) (341.7) (425.6) (153.8) (167.2) (62.4)
Metric 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Operating Activities
Net Income (183.4) (29.1) (30.6) (33.9) (31.0) (32.2) (31.2) (63.2) (35.0) (29.7) (30.4) (31.8) (33.2) (135.2) (35.5) (35.6) (36.5) (30.5) (46.1) (28.2) (18.0) (61.9) (10.6) (5.5) (23.7)
Depreciation & Amortization 0.7 0.7 0.8 0.8 0.8 0.8 0.9 1.1 1.0 0.9 0.9 1.0 0.9 0.9 0.8 0.5 0.4 0.3 0.2 0.2 0.1 0.1 0.1 0.1 0.1
Stock-Based Compensation 0 5.8 6.0 6.4 6.7 6.3 6.6 7.2 6.8 6.1 6.2 7.0 0 5.4 5.2 5.1 4.4 2.9 3.0 1.6 0.8 0.4 0.2 0.1 0.1
Change in Working Capital (2.3) 1.4 1.3 0.2 (6.1) 1.1 3.8 0.5 (3.7) 0.0 1.4 (0.7) 0.1 3.4 5.7 2.9 3.8 5.3 0.4 2.7 (0.7) (0.7) 3.3 0.5 0.2
Other Non-Cash Items 157.7 (0.6) 1.0 6.0 (2.0) (0.6) (2.6) 25.2 (2.3) 7.5 (2.4) (1.4) 5.9 99.2 (0.2) (0.0) 2.0 (0.5) 19.2 5.5 2.1 49.0 0.1 (1.8) 17.7
Operating Cash Flow (27.4) (21.7) (21.7) (20.5) (31.6) (24.6) (22.4) (29.2) (33.3) (24.8) (24.1) (26.0) (26.4) (26.4) (23.9) (27.1) (25.8) (22.5) (23.2) (18.2) (15.7) (13.1) (7.5) (6.5) (5.6)
Investing Activities
Capital Expenditure (0.0) (0.0) (0.0) (0.0) (0.1) 0 (0.0) (0.0) (0.0) (0.1) (0.2) (0.2) (1.2) (0.9) (1.8) (4.6) (7.3) (5.8) (4.7) (0.6) (6.1) (20.0) (0.2) (11.9) (6.6)
Acquisitions 0 0 0 0 0 0 0 0 0 (0.0) 0.0 0 0 0.0 0 0 0 0 (7.7) 6 0 0 0.1 11.7 0
Purchases of Investments (253.2) (42.2) (41.5) (56.6) (10.7) (67.1) (191.8) (100.3) (44.0) (61.1) (53.8) (175.2) (24.3) (37.9) (72.1) (12.5) (11.8) (64.1) (9.8) (9.9) (22.0) (1.8) (57.4) (40.0) 0
Sales/Maturities of Investments 159.4 67.0 71.2 77.8 45 89.8 89.3 36.2 54 65.7 52.2 66.8 60.2 33.9 18.7 7.9 19.3 6 11.2 15.0 27.9 38.4 8.5 12.2 7.5
Other Investing Activities (150) 0 (4) (5.5) 0 0 (0.2) (22.5) 0 0.0 (0.0) 0 (20) (0.0) 0 0 (2) 0 6 (6) (6) (20) (0.1) (11.7) (6)
Investing Cash Flow (243.8) 24.7 25.7 15.7 34.3 22.6 (102.6) (86.6) 10.0 4.5 (1.8) (108.7) 14.7 (4.9) (55.2) (9.2) (1.8) (63.9) (4.9) 4.5 (0.2) 16.6 (49.1) (39.6) 1.0
Financing Activities
Net Debt Issuance 0 0 0 0 0 0 0 (6.9) 6.9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Stock Repurchased 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Dividends Paid 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Financing Activities 0 0 0 0 0 0 0.3 7.4 (6.9) 0 0 0 0 0.9 0 0 0 0 0 0 1.1 (0.1) 2.6 0 0.5
Financing Cash Flow 244.7 0.6 0.0 0.4 0.0 0.8 21.1 211.9 6.9 0.5 0.0 0.6 0.2 96.2 0.4 1.0 0.5 1.1 317.6 0.2 120.5 (0.1) 14.6 125.0 0.5
Cash Position
Net Change in Cash (26.5) 3.6 4.1 (4.3) 2.7 (1.1) (103.9) 96.1 (16.3) (19.8) (25.9) (134.0) (11.5) 65.0 (78.7) (35.3) (27.1) (85.3) 289.4 (13.6) 104.7 3.4 (42.0) 78.9 (4.1)
Cash at Beginning 73.8 70.6 66.1 70.5 68.1 68.9 173.2 76.7 93.1 112.9 139.2 272.8 284.2 219.7 298.0 333.3 360.5 445.8 156.4 170.0 65.7 62.3 104.3 25.5 29.6
Cash at End 47.3 74.2 70.2 66.1 70.9 67.7 69.3 172.8 76.7 93.1 113.3 138.8 272.8 284.6 219.3 298.0 333.3 360.5 445.8 156.4 170.4 65.7 62.3 104.3 25.5
Free Cash Flow (27.4) (21.7) (21.7) (20.6) (31.6) (24.6) (22.4) (29.2) (33.3) (24.9) (24.4) (26.2) (27.6) (27.2) (25.7) (31.7) (33.1) (28.3) (27.9) (18.8) (21.8) (33.1) (7.7) (18.4) (12.2)
Key Metrics 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1 2024 Q4 2024 Q3 2024 Q2 2024 Q1 2023 Q4 2023 Q3 2023 Q2 2023 Q1 2022 Q4 2022 Q3 2022 Q2 2022 Q1 2021 Q4 2021 Q3 2021 Q2 2021 Q1 2020 Q4 2020 Q3 2020 Q2 2020 Q1
Income Statement
Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit (0.7) (0.7) 0 0 0 (0.8) 0 0 (1.0) (0.9) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income (37.9) (32.6) (34.5) (38.1) (35.6) (35.7) (37.2) (67.8) (38.9) (33.9) (34.7) (36.0) (37.0) (138.1) (37.0) (35.9) (36.5) (31.0) (46.0) (28.2) (19.6) (67.0) (11.2) (7.3) (23.8)
Net Income (183.4) (29.1) (30.6) (33.9) (31.0) (32.2) (31.2) (63.2) (35.0) (29.7) (30.4) (31.8) (33.2) (135.2) (35.5) (35.6) (36.5) (30.5) (46.1) (28.2) (18.0) (61.9) (10.6) (5.5) (23.7)
EPS (Diluted) -0.60 -0.10 -0.11 -0.12 -0.11 -0.11 -0.11 -0.29 -0.23 -0.20 -0.20 -0.21 -0.22 -1.06 -0.29 -0.30 -0.31 -0.26 -0.38 -0.23 -0.15 -0.52 -0.09 -0.05 -0.20
Balance Sheet
Cash & Equivalents 47.3 73.8 70.2 66.1 70.5 67.7 68.9 172.8 76.7 93.1 112.9 138.8 272.8 284.2 219.3 298.0 333.3 360.5 445.8 156.4 170.0 65.4
Total Assets 461.2 396.2 420.4 445.4 471.2 502.5 528.9 525.7 370.0 395.3 419.4 440.7 467.5 514.9 446.4 444.8 475.5 501.4 521.9 210.4 224.6 124.8
Total Debt 46.0 47.1 48.3 49.4 50.8 51.9 52.9 54.0 66.0 55.9 56.8 57.6 58.1 55.1 54.5 27.6 29.4 18.8 20.2 2.6 2.8 3.0
Stockholders' Equity 393.5 325.2 347.9 372.3 399.5 423.5 450.0 451.1 288.4 316.7 339.0 362.7 386.5 411.9 365.3 395.1 424.7 456.5 483.0 190.8 211.5 109.0
Cash Flow
Operating Cash Flow (27.4) (21.7) (21.7) (20.5) (31.6) (24.6) (22.4) (29.2) (33.3) (24.8) (24.1) (26.0) (26.4) (26.4) (23.9) (27.1) (25.8) (22.5) (23.2) (18.2) (15.7) (13.1) (7.5) (6.5) (5.6)
Capital Expenditure (0.0) (0.0) (0.0) (0.0) (0.1) 0 (0.0) (0.0) (0.0) (0.1) (0.2) (0.2) (1.2) (0.9) (1.8) (4.6) (7.3) (5.8) (4.7) (0.6) (6.1) (20.0) (0.2) (11.9) (6.6)
Free Cash Flow (27.4) (21.7) (21.7) (20.6) (31.6) (24.6) (22.4) (29.2) (33.3) (24.9) (24.4) (26.2) (27.6) (27.2) (25.7) (31.7) (33.1) (28.3) (27.9) (18.8) (21.8) (33.1) (7.7) (18.4) (12.2)