ARVINAS, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $262.6M | $263.4M | $78.5M | $131.4M | $53.6M |
| Operating income | -$118.5M | -$250.2M | -$401.5M | -$263.2M | -$188.4M |
| Operating expenses | $381.1M | $513.6M | $480.0M | $394.6M | $242.0M |
| Cash from operations | -$273.8M | -$259.3M | -$347.8M | -$273.5M | $559.4M |
| Capital expenditure | $1.9M | $1.8M | $2.9M | $6.8M | $4.7M |
| Free cash flow | -$275.7M | -$261.1M | -$350.7M | -$280.3M | $554.7M |
| Share repurchases | $91.9M | $0 | $0 | — | — |
| Total assets | $717.9M | $1.1B | $1.3B | $1.3B | $1.6B |
| Total liabilities | $284.0M | $529.7M | $644.6M | $703.9M | $799.9M |
Shares outstanding 64.5M · Free float 93.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.