Filing Flows › Arvinas (ARVN) › Q1 2026
Arvinas (ARVN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 11, 2026
Arvinas (ARVN) reported revenue of $15.6M for the first quarter 2026 (Q1 2026), -92% from a year earlier and +64% from the quarter before. Operating margin was -409.0%, net loss $57.6M (369.2% of revenue).
Arvinas, Q1 2026: revenue $15.6M (-92% year over year), operating margin -409.0%, net loss $57.6M, operating cash flow −$69.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $15.6M | +64% | -92% |
| Operating profit | −$63.8M | — | -189% |
| Net earnings | −$57.6M | — | -169% |
| Operating cash flow | −$69.2M | — | — |
What changed
Revenue was $15.6M in Q1 2026, down 92% year over year and up 64% from the previous quarter.
Operating costs exceeded revenue by $63.8M, an operating margin of -409.0%. Total costs fell 32% while revenue fell 92%. The quarter ended with a net loss of $57.6M, narrower than the previous quarter's $67.4M loss.
Operating cash flow was −$69.2M. Non-cash charges added back $700K of depreciation and amortization and $12.1M of share-based compensation. Working capital and other items used $24.4M. Capital expenditures of $1.3M exceeded it, leaving free cash flow of −$70.5M.
Questions
What was Arvinas' revenue in the first quarter 2026?
Arvinas (ARVN) reported revenue of $15.6M for the first quarter 2026 (Q1 2026), -92% from a year earlier and +64% from the quarter before.
Was Arvinas profitable in the first quarter 2026?
Operating loss was $63.8M (-409.0% of revenue) and net loss $57.6M.
Source: Arvinas 10-Q on SEC EDGAR.