Filing Flows › Arvinas (ARVN) › Q3 2025
Arvinas (ARVN) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Arvinas (ARVN) reported revenue of $41.9M for the third quarter 2025 (Q3 2025), -59% from a year earlier and +87% from the quarter before. Operating margin was -104.5%, net loss $35.1M (83.8% of revenue).
Arvinas, Q3 2025: revenue $41.9M (-59% year over year), operating margin -104.5%, net loss $35.1M, operating cash flow −$59.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $41.9M | +87% | -59% |
| Operating profit | −$43.8M | — | — |
| Net earnings | −$35.1M | — | — |
| Operating cash flow | −$59.1M | — | — |
What changed
Revenue was $41.9M in Q3 2025, down 59% year over year and up 87% from the previous quarter.
Operating costs exceeded revenue by $43.8M, an operating margin of -104.5%. Total costs fell 47% while revenue fell 59%. The quarter ended with a net loss of $35.1M, narrower than the previous quarter's $61.2M loss. Non-operating items added $9.0M, -26% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$59.1M. Non-cash charges added back $800K of depreciation and amortization and $10.2M of share-based compensation. Working capital and other items used $35.0M. Capital expenditures of $100K exceeded it, leaving free cash flow of −$59.2M.
Questions
What was Arvinas' revenue in the third quarter 2025?
Arvinas (ARVN) reported revenue of $41.9M for the third quarter 2025 (Q3 2025), -59% from a year earlier and +87% from the quarter before.
Was Arvinas profitable in the third quarter 2025?
Operating loss was $43.8M (-104.5% of revenue) and net loss $35.1M.
Source: Arvinas 10-Q on SEC EDGAR.