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Arvinas ARVN ARV-393 — Program-specific external expense

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Other financials

Income statement

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Revenue$15.6M-91.7%
Operating income-$63.8M-189%
Net income-$57.6M-169%
EPS (diluted)-$0.90-179%

Balance sheet

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Cash & equivalents$87.3M+7.8%
Total debt$8.6M-19.6%
Total equity$386.8M-41.4%
Total assets$647.5M-35.3%

Cash flow

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Operating cash flow-$69.2M+22.2%
CapEx$1.3M+225%
Free cash flow-$70.5M+21.1%

Valuation

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Market cap$518.11M-4.6%
Enterprise value$439.41M-7.1%
P/S5.8×+4.5×

Profitability

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Operating margin-283.8%-310pp
Net margin-247.5%-260pp
FCF margin-287.4%

Returns & leverage

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Return on equity-42.3%-53.5pp
Debt / equity0.0×
Current ratio5.4×+0.9×

Where this comes from

Reported directly by Arvinas in its filing.

Tagged under the XBRL concept arvn:ResearchAndDevelopmentExpenseProgramSpecific.

The official record: Arvinas’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Arvinas's ARV-393 — program-specific external expense?
Arvinas (ARVN) reported ARV-393 — program-specific external expense of $3.7M in Q1 2026.
How has Arvinas's ARV-393 — program-specific external expense changed year-over-year?
Arvinas's ARV-393 — program-specific external expense increased by 42.3% year-over-year, from $2.6M to $3.7M.
What is the long-term trend for Arvinas's ARV-393 — program-specific external expense?
Over 2 years (2023 to 2025), Arvinas's ARV-393 — program-specific external expense has grown at a 181.6% compound annual growth rate (CAGR), from $1.4M to $11.1M.
What does ARV-393 — program-specific external expense mean?
This metric represents the direct, third-party costs incurred specifically for the development and advancement of a particular therapeutic program. It captures expenditures such as contract research organization fees, clinical trial site costs, and external manufacturing expenses associated with a single drug candidate. Monitoring this allows investors to assess the capital intensity and external resource allocation required to progress a specific asset through the pipeline.