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Arvinas ARVN Bavdegalutamide (ARV-110) — 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 bavdegalutamide (ARV-110) — program-specific external expense?
Arvinas (ARVN) reported bavdegalutamide (ARV-110) — program-specific external expense of $200K in Q1 2026.
How has Arvinas's bavdegalutamide (ARV-110) — program-specific external expense changed year-over-year?
Arvinas's bavdegalutamide (ARV-110) — program-specific external expense decreased by 81.8% year-over-year, from $1.1M to $200K.
What is the long-term trend for Arvinas's bavdegalutamide (ARV-110) — program-specific external expense?
Over 2 years (2023 to 2025), Arvinas's bavdegalutamide (ARV-110) — program-specific external expense has grown at a -68.1% compound annual growth rate (CAGR), from $26.6M to $2.7M.
What does bavdegalutamide (ARV-110) — program-specific external expense mean?
This metric represents the direct external costs, such as clinical trial site fees, contract research organization services, and manufacturing expenses, specifically attributable to the development of a single drug candidate. It serves as a key indicator of the capital intensity and clinical stage progression of a specific therapeutic program within the company's pipeline. Monitoring these costs helps investors assess the resource allocation efficiency and the financial commitment required to advance a specific asset toward regulatory approval.