ArriVent BioPharma, Inc. AVBP
We are a clinical-stage biopharmaceutical company dedicated to the identification, development and commercialization of differentiated medicines to address the unmet medical needs of patients with cancers. We seek to utilize our team's deep drug development experience to maximize the potential of our lead product candidate, firmonertinib, and advance a pipeline of novel therapeutics, such as next-generation antibody drug conjugates, including ARR-217 (MRG007), through approval and commercialization in patients suffering from cancer, with an initial focus on solid tumors. Firmonertinib is currently being evaluated in multiple clinical trials across a range of epidermal growth factor receptor (EGFR) mutations (EGFRm) in non-small cell lung cancer (NSCLC). We are conducting a pivotal Phase 3 clinical trial of firmonertinib in treatment naive, or first-line, patients with locally advanced or metastatic EGFRm NSCLC with exon 20 insertion mutations and a pivotal Phase 3 clinical trial of firmonertinib in first-line patients with locally advanced or metastatic EGFRm NSCLC with P-loop and-alpha-c-helix compressing (PACC) mutations. We are conducting a Phase 1 clinical trial of ARR-217 in patients with unresectable locally advanced or metastatic solid tumors.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| R&D | $153.4M | $79.0M | $64.9M | — |
| SG&A | $24.2M | $15.3M | $9.7M | — |
| Total operating expenses | $177.5M | $94.3M | $74.6M | — |
| Operating income | -$177.5M | -$94.3M | -$74.6M | — |
| Net income | -$166.3M | -$80.5M | -$69.3M | — |
| EPS, basic | -4.32 | -2.56 | -32.38 | — |
| EPS, diluted | -4.32 | -2.56 | -32.38 | — |
| Shares, diluted (wtd. avg.) | $38.5M | $31.5M | $2.1M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $45.5M | $74.3M | $150.4M | $163.4M |
| Short-term investments | $267.3M | $144.6M | — | — |
| Total current assets | $332.9M | $227.0M | $160.0M | — |
| Total assets | $333.2M | $274.9M | $163.1M | — |
| Accounts payable | $5.9M | $3.8M | $4.5M | — |
| Total current liabilities | $25.9M | $17.3M | $11.6M | — |
| Total liabilities | $25.9M | $17.3M | $11.8M | — |
| Retained earnings | -$404.6M | -$238.3M | -$157.8M | — |
| Total equity | $307.2M | $257.7M | -$153.2M | -$85.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$160.6M | -$70.2M | -$55.8M | — |
| Depreciation and amortisation | -$3.0M | — | — | — |
| Stock-based compensation | $12.5M | $3.2M | $895.0K | — |
| Investing cash flow | -$71.2M | -$192.5M | — | — |
| Financing cash flow | $203.1M | $186.6M | $42.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-024127.
Others in SIC 2834
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| AKTX | Akari Therapeutics Plc | $1.79T | — | — |
| LLY | ELI LILLY & Co | $1.08T | 50.1x | 44.7% |
| JNJ | JOHNSON & JOHNSON | $663.28B | 25.0x | 6.0% |
| ONC | BeOne Medicines Ltd. | $529.55B | 1,885.6x | 40.2% |
| ABBV | AbbVie Inc. | $453.19B | 108.7x | 8.6% |
| MRK | Merck & Co., Inc. | $370.89B | 20.6x | 1.3% |
| ABT | ABBOTT LABORATORIES | $188.69B | 29.1x | 5.7% |
| PFE | PFIZER INC | $162.16B | 20.9x | -1.6% |