9 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 58.9% per year over the past 5 years.
Operating margin has expanded, at -45.1% in the latest year.
Financial health
The company holds more cash ($143M) than total debt ($600000).
Total debt has grown slower than revenue (-21.4% vs 58.9% per year).
The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$263M
-$81M
0.0%
-45.1%
-18.7%
-11.3%
-$276M
$600000
$143M
2024
$263M
-$199M
0.0%
-95.0%
-35.4%
-18.2%
-$261M
$800000
$101M
2023
$79M
-$367M
0.0%
-511.5%
-55.6%
-28.1%
-$351M
$1M
$312M
2022
$131M
-$283M
0.0%
-200.3%
-50.1%
-22.3%
-$280M
$1M
$81M
2021
$54M
-$191M
0.0%
-351.5%
-24.4%
-12.1%
$555M
$1M
$108M
2020
$26M
-$119M
0.0%
-466.4%
-18.6%
-16.6%
-$96M
$2M
$588M
2019
$43M
-$70M
0.0%
-119.8%
-31.0%
-23.3%
-$47M
$2M
$9M
2018
$14M
-$41M
0.0%
-305.8%
-30.4%
-20.8%
-$19M
$2M
$3M
2017
$8M
-$24M
0.0%
-326.7%
39.3%
-36.0%
$4M
$310387
$31M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$250M
$169M
0.0%
65.7%
30.1%
25.1%
-$49M
$500000
$94M
Mar '26
$16M
-$58M
0.0%
-409.0%
-14.9%
-8.9%
-$71M
$500000
$87M
Dec '25
—
-$67M
—
—
-15.5%
-9.4%
-$31M
$600000
$143M
Sep '25
—
-$35M
—
—
-6.2%
-4.2%
-$59M
$600000
$102M
Jun '25
$22M
-$61M
0.0%
-319.2%
-10.0%
-6.7%
-$97M
$700000
$115M
Mar '25
$189M
$83M
0.0%
37.8%
12.6%
8.3%
-$89M
$700000
$81M
Dec '24
—
-$45M
—
—
-8.0%
-4.1%
-$84M
$800000
$101M
Sep '24
—
-$49M
—
—
-8.4%
-4.2%
-$129M
$800000
$85M
Jun '24
—
-$35M
—
—
-5.9%
-2.8%
$50M
$900000
$155M
Mar '24
—
-$69M
—
—
-11.4%
-5.7%
-$98M
$900000
$88M
Dec '23
—
-$155M
—
—
-23.5%
-11.9%
-$83M
$1M
$312M
Sep '23
—
-$64M
—
—
-14.0%
-6.0%
-$86M
$1M
$114M
Jun '23
—
-$67M
—
—
-14.4%
-6.1%
-$89M
$1M
$91M
Mar '23
—
-$82M
—
—
-16.0%
-7.0%
-$92M
$1M
$130M
Dec '22
—
-$83M
—
—
-14.7%
-6.5%
-$72M
$1M
$81M
Sep '22
—
-$66M
—
—
-10.7%
-5.0%
-$69M
$1M
$133M
Jun '22
—
-$70M
—
—
-10.4%
-5.0%
-$80M
$1M
$93M
Mar '22
—
-$63M
—
—
-8.8%
-4.3%
-$59M
$1M
$62M
Dec '21
$26M
-$53M
0.0%
-179.9%
-6.8%
-3.4%
-$38M
$1M
$108M
Sep '21
$9M
-$47M
0.0%
-514.1%
-5.7%
-2.9%
$680M
$1M
$256M
Valuation over time
How the market has priced ARVN against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-sales ratio has fallen from 13.6× (Mar '23) to 2.3× (Sep '26).
Price / sales (P/S)
P/S
Frequently asked questions
Is ARVN growing its revenue and profit?
Over the past 5 years, Arvinas, Inc.'s revenue has grown 58.9% per year. These are computed facts, not advice.
How much debt does ARVN have?
As of FY2025, Arvinas, Inc. reported $600000 of total debt against $143M of cash.
What is ARVN's profit margin?
In FY2025, gross margin was —, operating margin -45.1%, and net margin -30.8%.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.