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Nasdaq · Healthcare

ARVINAS, INC. (ARVN)

As-reported financials and SEC filings for ARVINAS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ARVINAS, INC.

Arvinas, Inc. is a clinical-stage biotechnology company that develops targeted protein degradation therapies using its PROTAC platform. The company focuses on creating small molecule therapeutics designed to selectively degrade disease-causing proteins, addressing conditions in oncology and neurology. Arvinas serves patients with diseases such as advanced breast cancer, neurodegenerative disorders, and various cancers through its pipeline of clinical and preclinical drug candidates.

Snapshot

Revenue
$262.6M
Revenue growth (YoY)
-0.3%
Net income
$-80.8M
Diluted EPS
$-1.14
Gross margin
Operating margin
-45.1%
Net margin
-30.8%
FCF margin
-105.0%
ROE
-18.6%
net income / fiscal-year-end equity
P/E
trailing when available, otherwise FY EPS
Market cap
$592.3M
Long-term debt / equity
0.00×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Arvinas

  • Revenue fell 0.3% to $263M in FY2025, slower than the 235.5% the year before.
  • Operating margin is -45.1% in FY2025, +306.4 pp against -351.5% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $250M, up 1014.7% from Q2 FY2025.
  • Free cash flow was negative $276M in FY2025.
  • Net loss narrowed to $81M in FY2025, from $199M in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Arvinas’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin-45.1%
15th percentile of 113
Net margin-30.8%
21st percentile of 122
FCF margin-105.0%
2nd percentile of 110
Revenue growth (YoY)-0.3%
33rd percentile of 187
ROE-18.6%
51st percentile of 167
Long-term debt / equity0.00×
8th percentile of 64
Short interest3.33d
28th percentile of 197

Arvinas’s FCF margin of -105.0% ranks in the 2nd percentile of the 110 pharmaceutical companies reporting it. Arvinas’s long-term debt to equity of 0.00 ranks in the 8th percentile of the 64 pharmaceutical companies reporting it. Arvinas’s operating margin of -45.1% ranks in the 15th percentile of the 113 pharmaceutical companies reporting it.

No reported insider purchases (code P) in the last 90 days; 2 insider sales totaling $66,039. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 7 quant / multi-strat books among the superinvestors we track; no conviction manager currently reports a position.

Conviction investors
0
+7 quant / multi-strat
Initiated / added
3
1 new, 2 added
Reduced / exited
4
4 trimmed, 0 exited
Combined position
$68.3M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$29.0M3.5MReduced
Two Sigma InvestmentsquantQ2 2026$21.4M2.6MAdded
Citadel AdvisorsquantQ2 2026$5.2M621.0KReduced
AQR Capital ManagementquantQ2 2026$5.0M601.9KAdded
Millennium ManagementquantQ2 2026$4.8M574.0KReduced
Renaissance TechnologiesquantQ2 2026$1.8M215.3KNew
Point72 Asset ManagementquantQ2 2026$1.2M141.3KReduced

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
2
$66K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-24
Saik AndrewChief Financial OfficerSell5.7K$8.16$46K
2026-06-17
filed 2026-06-18
Cacace Angela MChief Scientific OfficerSell2.6K$7.59$20K
2026-05-21
filed 2026-05-22
Teel RandyPresident and CEOSell2.2K$9.04$20K
2026-05-11
filed 2026-05-13
Saik AndrewChief Financial OfficerSell11.1K$9.94$111K
2026-05-11
filed 2026-05-13
Berkowitz NoahChief Medical OfficerSell11.1K$9.94$110K
2026-05-11
filed 2026-05-13
Teel RandyPresident and CEOSell9.7K$9.94$96K
2026-05-11
filed 2026-05-13
Cacace Angela MChief Scientific OfficerSell9.7K$9.94$96K
2026-05-11
filed 2026-05-13
Loomis David KVP, Chief Accounting OfficerSell1.9K$9.94$19K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
4.1M
settled 2026-08-14
Change vs prior
+1.4%
vs previous settlement
Days to cover
3.33
at avg daily volume
Avg daily volume
1.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-144.1M+1.4%3.33
2026-07-314.0M+0.4%6.96
2026-07-154.0M-6.8%6.62
2026-06-304.3M-5.0%4.59
2026-06-154.5M-4.5%5.80
2026-05-294.7M-6.6%5.88
2026-05-155.0M+14.0%4.38
2026-04-304.4M+0.7%7.27

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$262.6M$263.4M$78.5M$131.4M$53.6M
Gross profit
Operating income$-118.5M$-250.2M$-401.5M$-263.2M$-188.4M
Net income$-80.8M$-198.9M$-367.3M$-282.5M$-191.0M
Diluted EPS$-1.14$-2.77$-6.62$-5.31$-3.82

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$-273.8M$-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

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$249.7M1014.7%$169.4M$2.58
Q1 FY2026$15.6M-91.7%$-57.6M$-0.90
Q4 FY2025$9.5M-84.0%$-67.4M$-1.04
Q3 FY2025$41.9M-59.1%$-35.1M$-0.48
Q2 FY2025$22.4M-70.7%$-61.2M$-0.84
Q1 FY2025$188.8M646.2%$82.9M$1.14
Q4 FY2024$59.2M$-45.1M$-0.63
Q3 FY2024$102.4M196.0%$-49.2M$-0.68

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2015
SEC CIK1655759

Selected SEC filings

10-Q2026-08-04
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
8-K2026-08-04
View on EDGAR →
8-K2026-06-25
View on EDGAR →
8-K2026-06-22
View on EDGAR →
8-K2026-06-16
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.