ERAS
Erasca, Inc.3.5200
+0.0900+2.62%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
998.67MP/E (TTM)
-Basic EPS (TTM)
-0.43Dividend Yield
0%Recent Filings
10-Q
Q3 FY2025 results
Erasca trimmed operating losses to $34.5M in Q3 FY2025 ended September 30, 2025, down 7% y/y from $37.2M while YTD losses narrowed 25% to $108.3M from $143.9M, driven by 19% lower R&D at $22.5M (clinical trials, preclinical studies) and $9.5M IPR&D on milestones. Diluted EPS held steady at -$0.11 on 284M shares, matching YTD -$0.34. Cash burn eased to $73.7M operating (no capex for FCF), leaving $362.4M in cash and marketable securities. Strategic reprioritizations cut deprioritized programs. Pipeline sharpens on RAS-targeting assets. Cash lasts into 2H 2028. Clinical trial delays remain a risk.
8-K
Q3 loss steady, cash strong
Erasca reported Q3 2025 net loss of $30.6M, matching last year at $(0.11) per share, while R&D expenses dropped to $22.5M from $27.6M on lower trials and studies. Cash pile hit $362M, funding ops into H2 2028. Secured ERAS-0015 patent to 2043; promoted Robert Shoemaker to CSO. Phase 1 data for ERAS-0015 and ERAS-4001 due 2026.
8-K
RAS pipeline advances
Erasca advanced its RAS-targeting pipeline with FDA IND clearances in May and June 2025 for pan-RAS molecular glue ERAS-0015 and pan-KRAS inhibitor ERAS-4001, now in Phase 1 trials for mutant solid tumors. Initial monotherapy data from both AURORAS-1 and BOREALIS-1 studies are slated for 2026. Cash reserves stood at $386.7 million as of June 30, 2025, funding operations into H2 2028, while Q2 net loss narrowed to $33.9 million from $63.2 million year-over-year. Momentum builds, yet clinical risks loom.
10-Q
Q2 FY2025 results
Erasca narrowed its Q2 net loss to $33.9 million from $63.2 million a year earlier, thanks to sharp cuts in R&D spending and lower in-process R&D charges tied to milestone hits under its Joyo license. Operating expenses dropped 44% year-over-year to $38.1 million, driven by reduced personnel and clinical trial costs after deprioritizing programs like ERAS-801, which was terminated in April 2025 with assets assigned back to Katmai for potential future payments. Cash burn eased, with operating cash use at $52.1 million for the half, offset by $50.0 million from maturing securities, leaving $386.7 million in cash and equivalents to fuel RAS-targeting advances into late 2028. No debt weighs on the balance sheet. Yet clinical trial delays remain a stubborn hurdle.
8-K
Erasca annual meeting results
Erasca, Inc. held its annual stockholder meeting on June 24, 2025, electing Jonathan E. Lim, M.D., James A. Bristol, Ph.D., and Valerie Harding-Start, Ph.D. as Class I directors for three-year terms ending in 2028, with Lim receiving strong support at nearly 197 million for votes while the others faced more withheld votes. Stockholders also ratified KPMG LLP as independent auditors for the fiscal year ending December 31, 2025, with overwhelming approval of over 240 million for votes. Directors secured.
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