Erasca (ERAS) financial statements
Net income was -$125M.
Free cash flow was -$96M.
The diluted share count rose 1248% over the period (dilution).
Income statement
Fiscal years, from Erasca's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Research and development | $30M | $74M | $112M | $104M | $115M | $93M |
| Selling, general and admin | $8M | $23M | $33M | $38M | $42M | $39M |
| Operating income | -$109M | -$125M | -$247M | -$142M | -$180M | -$141M |
| Pre-tax income | — | — | — | — | -$162M | -$125M |
| Income tax | — | — | — | — | $0 | $0 |
| Net income | -$102M | -$123M | -$243M | -$125M | -$162M | -$125M |
| EPS (diluted) | -$4.83 | -$1.85 | -$1.99 | -$0.83 | -$0.69 | -$0.44 |
| Diluted shares | 21M | 66M | 122M | 150M | 234M | 284M |
Balance sheet
Fiscal years, from Erasca's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Cash and short-term investments | $119M | $414M | $436M | $312M | $298M | $342M |
| Total current assets | $120M | $420M | $444M | $321M | $309M | $286M |
| Property, plant and equipment | $2M | $16M | $25M | $22M | $16M | $13M |
| Total assets | $125M | $501M | $515M | $395M | $503M | $396M |
| Total current liabilities | $14M | $26M | $49M | $26M | $31M | $29M |
| Total liabilities | $17M | $45M | $103M | $79M | $79M | $71M |
| Shareholders' equity | -$114M | $457M | $412M | $317M | $423M | $325M |
| Net debt | -$65M | -$360M | -$284M | -$93M | -$68M | -$74M |
Cash flow
Fiscal years, from Erasca's 10-K filings with the SEC.
| Fiscal year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Operating cash flow | -$33M | -$80M | -$103M | -$101M | -$109M | -$95M |
| Capital spending | $947,000 | $11M | $15M | $2M | $60,000 | $128,000 |
| Free cash flow | -$34M | -$91M | -$118M | -$103M | -$109M | -$96M |
| Stock-based compensation | $797,000 | $8M | $20M | $26M | $27M | $25M |
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How much free cash flow does Erasca generate?
-$96M in fiscal 2025 (operating cash flow minus capital spending).
From Erasca's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.