| Nov 25 | Feb 26 | May 26 | Aug 26 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Buy | — | — | — | — | — | 1 | — | — | — | — | — | — |
| Sell | — | 1 | — | — | 9 | 1 | — | 6 | 2 | — | — | — |
| total | individual payouts | |
|---|---|---|
| 2025 | ‡‡‡ |
|
| 2024 | ‡‡‡ |
|
| 2023 | ‡‡‡ |
|
| 2022 | ‡‡‡ |
|
| 2021 | ‡‡‡ |
|
| 2020 | ‡‡‡ |
|
| 2019 | ‡‡‡ |
|
| 2018 | ‡‡‡ |
|
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Cash | 1,266.50 | 1,039.40 | 685.40 | 567.90 |
| Receivables | 7.20 | 13.70 | 6.40 | 54.30 |
| Inventory | — | — | — | — |
| Other | — | — | — | — |
| 1,280.20 | 1,067.30 | 700.70 | 652.20 |
| 2023 | 2024 | 2025 | Q'26 | |
|---|---|---|---|---|
| Payables | 92.20 | 71.80 | 69.50 | 52.20 |
| ST’ Debt | — | — | — | — |
| Other | — | — | — | 28.40 |
| 257.10 | 229.80 | 142.50 | 82.50 |
| 10y | 5y | 3y | |
| Sales | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Cash Flow | — | ‡‡‡ | ‡‡‡ |
| Earnings | — | ‡‡‡ | ‡‡‡ |
| Book Value | — | ‡‡‡‡‡ | ‡‡‡‡‡ |
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | 15.60 | 249.70 | — | — |
—
|
| ’25 | 188.80 | 22.40 | 41.90 | 9.50 |
262.60
|
| ’24 | 25.30 | 76.50 | 102.40 | 59.20 |
263.40
|
| ’23 | 32.50 | 54.50 | 34.60 | (43.10) |
78.50
|
| ’22 | 26.50 | 33.80 | 33.20 | 37.90 |
131.40
|
| ’21 | 5.50 | 5.50 | 9.30 | 33.30 |
53.60
|
| ’20 | 6.24 | 5.75 | 7.60 | 6.32 |
25.90
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (69.20) | (48.30) | — | — |
—
|
| ’25 | (88.90) | (95.40) | (59.10) | (30.40) |
(273.80)
|
| ’24 | (97.50) | 50.30 | (128.00) | (84.10) |
(259.30)
|
| ’23 | (91.20) | (88.70) | (84.80) | (83.10) |
(347.80)
|
| ’22 | (57.10) | (78.60) | (66.60) | (71.20) |
(273.50)
|
| ’21 | (39.00) | (47.40) | 681.50 | (35.70) |
559.40
|
| ’20 | (16.95) | (21.40) | (22.38) | (28.96) |
(89.70)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (70.50) | (48.50) | — | — |
—
|
| ’25 | (89.30) | (96.60) | (59.20) | (30.60) |
(275.70)
|
| ’24 | (97.60) | 49.70 | (128.70) | (84.40) |
(261.00)
|
| ’23 | (92.30) | (89.30) | (85.90) | (83.20) |
(350.70)
|
| ’22 | (59.20) | (80.00) | (68.80) | (72.30) |
(280.30)
|
| ’21 | (40.00) | (47.90) | 680.20 | (37.60) |
554.70
|
| ’20 | (18.31) | (23.23) | (23.79) | (30.77) |
(96.10)
|
| Mar | Jun | Sep | Dec | Year | |
|---|---|---|---|---|---|
| ’26 | (0.90) | 2.58 | — | — |
—
|
| ’25 | 1.14 | (0.84) | (0.48) | (1.10) |
(1.14)
|
| ’24 | (0.97) | (0.49) | (0.68) | (0.63) |
(2.77)
|
| ’23 | (1.54) | (1.25) | (1.18) | (2.53) |
(6.62)
|
| ’22 | (1.20) | (1.32) | (1.24) | (1.56) |
(5.31)
|
| ’21 | (0.84) | (1.03) | (0.94) | (1.00) |
(3.82)
|
| ’20 | (0.56) | (0.65) | (0.79) | (0.99) |
(3.02)
|
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 31.54 | 13.57 | 17.37 | 5.90 | — | — | — |
Low Price
|
| — | — | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 82.86 | 42.84 | 53.08 | 21.00 | — | — | — |
High Price
|
| — | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 415 | 445 | 430 | 246 | — | — | — |
Employees
|
| ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 0.32 | 0.18 | 0.61 | 1.07 | — | — | — |
Revenue/Emp
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 131.40 | 78.50 | 263.40 | 262.60 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 100.00% | 100.00% | 100.00% | 100.00% | — | — | — |
Gross Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (251.00) | (363.90) | (198.30) | (80.50) | — | — | — |
EBT
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (191.02%) | (463.57%) | (75.28%) | (30.65%) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
EBT Margin
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (282.50) | (367.30) | (198.90) | (80.80) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Net Income
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 15.70 | (8.60) | (10.60) | (3.30) | — | — | — |
Depreciation
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 2.47 | 1.41 | 3.66 | 3.70 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Revenue/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.31) | (6.62) | (2.77) | (1.14) | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Earnings/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.14) | (6.27) | (3.61) | (3.86) | ‡‡‡‡ | — | — |
Cash Flow/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (0.13) | (0.05) | (0.02) | (0.03) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Capex/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (5.27) | (6.32) | (3.63) | (3.89) | — | — | — |
Free CF/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 10.62 | 11.89 | 7.81 | 6.12 | ‡‡‡‡ | — | — |
Book Value/Sh
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 53.20 | 55.50 | 71.90 | 70.90 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
Shares
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00 | 0.00 | 0.00 | 0.00 | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ |
PE Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 13.51 | 32.30 | 5.23 | 3.20 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PS Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.14 | 3.84 | 2.45 | 1.94 | ‡‡‡ | ‡‡‡ | ‡‡‡ |
PB Ratio
|
| ‡‡‡ | ‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 4.31 | 16.20 | 1.29 | 0.60 | ‡‡‡‡ | ‡‡‡‡ | ‡‡‡‡ |
EV/Sales
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (2.02) | (3.63) | (1.31) | (0.57) | — | — | — |
EV/FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (273.50) | (347.80) | (259.30) | (273.80) | ‡‡‡ | ‡‡‡ | ‡‡‡ |
Op' Cash Flow
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (6.80) | (2.90) | (1.70) | (1.90) | ‡‡‡‡‡ | ‡‡‡‡‡ | — |
Capex
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (280.30) | (350.70) | (261.00) | (275.70) | ‡‡‡‡‡ | — | — |
FCF
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 945.10 | 1,023.10 | 837.50 | 558.20 | — | — | — |
Working Cap'
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 3.00 | 0.80 | 0.60 | 0.40 | — | — | — |
Total Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (1,207.80) | (1,265.70) | (1,038.80) | (685.00) | — | — | — |
Net Debt
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | 564.90 | 660.00 | 561.70 | 433.90 | — | — | — |
Sh' Equity
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (19.82%) | (28.55%) | (16.60%) | (8.93%) | — | — | — |
ROA
|
| ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | ‡‡‡ | 0.00% | 0.00% | 0.00% | 0.00% | — | — | — |
ROIC
|
| ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | ‡‡‡‡‡ | (41.96%) | (59.97%) | (32.56%) | (16.23%) | — | — | — |
ROE
|
Arvinas, Inc. (ARVN), a clinical-stage biotech leader in PROTAC protein degradation therapies for oncology and neuroscience, finds itself at a pivotal juncture reminiscent of early 2000s biotech inflection points amid today’s high-rate environment. Key milestones include its 2018 IPO and the 2021 Pfizer partnership advancing vepdegestrant (ARV-471) into Phase 3 trials, driving explosive revenue growth from $6.7 million in 2016 to $263.4 million in 2024—a 235% surge fueled by milestone payments. Yet, this lumpy model exposes ARVN to binary risks, with projections showing a mere 10% rise in 2025 before a stark 67% drop in 2026, echoing peers’ post-milestone cliffs.
Financials reflect maturing operations with narrowing losses—from $367 million in 2023 to a projected $49 million in 2025—and robust net cash exceeding $1 billion, yielding a compelling 5x price-to-sales ratio versus frothier historical peaks. Stock performance has stabilized post-80% drawdown from 2021 highs, decoupling somewhat from 2024’s revenue boom amid sector funding droughts, while tepid insider selling and moderate analyst targets (24% mean upside) signal cautious optimism tied to trial catalysts.
Looking ahead, vepdegestrant data readouts in mid-2025 could unlock blockbuster potential and M&A appeal, buoyed by anticipated Fed cuts reviving biotech deals—much like low-rate eras catalyzed past winners. However, execution risks in a 40% Phase 3 failure-prone field demand vigilance, positioning ARVN as an asymmetric bet in a rate-sensitive sector.
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