Erasca, Inc. ERAS
At Erasca, our name is our mission: to erase cancer.
We are a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. Molecular alterations in RAS, the most frequently mutated oncogene, and the MAPK pathway, one of the most frequently altered signaling pathways in cancer, account for more than five million new patients diagnosed with cancer globally each year. Our company was co-founded by leading pioneers in precision oncology and RAS targeting to create novel therapies and combination regimens designed to comprehensively shut down the RAS/MAPK pathway for the treatment of patients with cancer. Our focused RAS/MAPK pathway pipeline comprises modality-agnostic programs aligned with our three therapeutic strategies of: (1) targeting key upstream and downstream signaling nodes in the RAS/MAPK pathway; (2) targeting RAS directly; and (3) targeting escape routes that emerge in response to treatment. Our pipeline enables us to pursue a systematic, data-driven, portfolio-wide clinical development effort to identify therapeutic approaches with the goal of prolonging survival in numerous patient populations with high unmet medical needs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| SG&A | $38.6M | $41.7M | $37.7M | $33.0M | $22.6M | $8.0M | — |
| Total operating expenses | $140.9M | $179.6M | $141.5M | $247.4M | $124.9M | $109.3M | — |
| Operating income | -$140.9M | -$179.6M | -$141.5M | -$247.4M | -$124.9M | -$109.3M | — |
| Pre-tax income | -$124.5M | -$161.7M | — | — | — | — | — |
| Income tax | $0 | $0 | — | — | — | — | — |
| Net income | -$124.5M | -$161.7M | -$125.0M | -$242.8M | -$122.8M | -$101.7M | — |
| EPS, basic | -0.44 | -0.69 | -0.83 | -1.99 | -1.85 | — | — |
| EPS, diluted | -0.44 | -0.69 | -0.83 | -1.99 | -1.85 | -4.83 | — |
| Shares, diluted (wtd. avg.) | $283.5M | $233.8M | $150.2M | $122.0M | $66.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cash and equivalents | $73.8M | $67.7M | $93.1M | $284.2M | $360.5M | $65.4M | — |
| Short-term investments | $202.3M | $230.6M | $219.3M | $151.4M | $54.0M | $53.3M | — |
| Total current assets | $286.2M | $308.8M | $320.7M | $444.5M | $420.0M | $120.0M | — |
| Property, plant and equipment | $13.3M | $16.3M | $22.3M | $24.8M | $16.0M | $1.8M | — |
| Total assets | $396.2M | $502.5M | $395.3M | $514.9M | $501.4M | $124.8M | — |
| Accounts payable | $981.0K | $468.0K | $2.0M | $23.0M | $4.7M | $878.0K | — |
| Total current liabilities | $28.5M | $31.4M | $26.2M | $48.7M | $26.2M | $13.7M | — |
| Total liabilities | $71.0M | $79.0M | $78.6M | $103.1M | $44.9M | $17.4M | — |
| Retained earnings | -$892.2M | -$767.7M | -$606.0M | -$481.0M | -$238.2M | -$115.4M | — |
| Total equity | $325.2M | $423.5M | $316.7M | $411.9M | $456.5M | -$114.0M | -$13.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$95.5M | -$109.4M | -$101.2M | -$103.3M | -$79.6M | -$32.7M | — |
| Depreciation and amortisation | $3.1M | $3.8M | $3.7M | $2.6M | $829.0K | $540.0K | — |
| Stock-based compensation | $24.9M | $27.0M | $26.2M | $20.1M | $8.3M | $797.0K | — |
| Capital expenditure | $128.0K | $60.0K | $1.8M | $14.6M | $11.2M | $947.0K | — |
| Investing cash flow | $100.4M | -$156.6M | -$91.2M | -$71.1M | -$64.6M | -$71.2M | — |
| Financing cash flow | $1.1M | $240.7M | $1.3M | $98.1M | $439.4M | $140.0M | — |
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 0001193125-26-104150.
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