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Segments

By segment

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Reportable Segment$60.3M-33.6%

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$572.13M+21.6%
Enterprise value$493.43M+34.5%
P/S6.4×+5.1×

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 us-gaap:ResearchAndDevelopmentExpense.

The source filing: Arvinas’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 5:18 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-033669
(dollars and shares in millions, except per share amounts) / Consolidated Statements of OperationsFor the Three Months Ended March 31, 2026For the Three Months Ended March 31, 2025
Revenue$15.6$188.8
Operating expenses:
Research and development60.390.8
General and administrative19.126.6
Total operating expenses79.4117.4
(Loss) income from operations(63.8)71.4
Other income
Other expense, net(0.1)

Item 1. Financial Statements (Unaudited)

FAQ

What is Arvinas's R&D?
Arvinas (ARVN) reported R&D of $60.3M in Q1 2026.
How has Arvinas's R&D changed year-over-year?
Arvinas's R&D decreased by 33.6% year-over-year, from $90.8M to $60.3M.
What is the long-term trend for Arvinas's R&D?
Over 4 years (2021 to 2025), Arvinas's R&D has grown at a 12.1% compound annual growth rate (CAGR), from $180.4M to $285.2M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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