earnings
confidence high
sentiment neutral
materiality 0.70
Erasca Q1 net loss $31M; cash $411M; IND cleared for ERAS-0015; cash runway to H2 2028
Erasca, Inc.
2025-Q1 EPS reported
-$0.11
- Net loss was $31.0M ($0.11/sh) vs $35.0M ($0.23/sh) in Q1 2024; R&D spend decreased to $26.0M from $28.6M.
- Cash, equivalents & marketable securities $411.1M at March 31, 2025; cash runway extended to H2 2028.
- IND cleared for pan-RAS molecular glue ERAS-0015; IND submitted for pan-KRAS inhibitor ERAS-4001.
- Initial Phase 1 monotherapy data for both ERAS-0015 and ERAS-4001 expected in 2026.
- Pursuing partnership opportunities for naporafenib to focus on RAS-targeting franchise.