Erasca, Inc. (ERAS) Balance Sheet
ERAS balance sheet, 2025
December 31, 2025 · U.S. dollars$396.2M assets = $71.0M liabilities + $325.2M equity
Both columns are drawn to the same scale: what ERAS owns equals what it owes plus shareholders’ equity. Hover a block for its value.
ERAS financial health
Descriptive bands, not a rating. Fiscal 2025.
ERAS balance sheet trends, 2019–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $55.5M2019 | $396.2M2025 | +38.8%/yr | |
| Total liabilities | $69.1M2019 | $71.0M2025 | +0.4%/yr | |
| Shareholders’ equity | −$13.6M2019 | $325.2M2025 | — | |
| Cash & short-term investments | $50.4M2019 | $276.1M2025 | +32.8%/yr | |
| Total debt | $3.7M2019 | $47.1M2025 | +52.9%/yr | |
| Net cash (debt) | $46.7M2019 | $228.9M2025 | +$182.3M | |
| Working capital | $48.4M2019 | $257.7M2025 | +$209.4M | |
| Book value per share | −$0.142019 | $1.152025 | — | |
| Debt / equity | 0.042021 | 0.142025 | +0.10 | |
| Shares outstanding | 95.2M2019 | 283.5M2025 | +20.0%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
ERAS assets
ERAS liabilities and equity
ERAS debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
ERAS balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $276.1M | $298.3M | $312.4M | $435.6M | $459.2M | $118.7M | $50.4M |
| Cash & equivalents | $73.8M | $67.7M | $93.1M | $284.2M | $360.5M | $65.4M | $29.6M |
| Short-term investments | $202.3M | $230.6M | $219.3M | $151.4M | $54.0M | $53.3M | $20.8M |
| Receivables | $2.5M | $2.3M | $0 | $0 | $100,000 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $7.7M | $8.2M | $8.3M | $8.9M | $0 | $1.3M | $752,000 |
| Total current assets | $286.2M | $308.8M | $320.7M | $444.5M | $420.0M | $120.0M | $51.1M |
| Property, plant & equipment (net) | $42.3M | $48.5M | $60.2M | $65.2M | $33.3M | $4.1M | $4.3M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $65.7M | $142.2M | $9.6M | $0 | $44.8M | $0 | $0 |
| Other non-current assets | $1.9M | $3.0M | $4.8M | $5.2M | $3.3M | $763,000 | $56,000 |
| Total assets | $396.2M | $502.5M | $395.3M | $514.9M | $501.4M | $124.8M | $55.5M |
| Liabilities | |||||||
| Accounts payable | $981,000 | $468,000 | $2.0M | $23.0M | $4.7M | $878,000 | $1.4M |
| Short-term debt | $5.1M | $9.2M | $4.0M | $2.6M | $570,000 | $877,000 | $726,000 |
| Deferred revenue | — | — | — | — | $18.5M | $9.4M | — |
| Total current liabilities | $28.5M | $31.4M | $26.2M | $48.7M | $26.4M | $13.7M | $2.8M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $47.1M | $51.9M | $55.9M | $55.1M | $18.8M | $3.0M | $3.7M |
| Other long-term liabilities | $42.5M | $47.6M | $52.5M | $54.4M | $18.5M | $225.1M | $66.4M |
| Total liabilities | $71.0M | $79.0M | $78.6M | $103.1M | $44.9M | $238.8M | $69.1M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $28,000 | $28,000 | $15,000 | $15,000 | $12,000 | $3,000 | $3,000 |
| Retained earnings (deficit) | −$892.2M | −$767.7M | −$606.0M | −$481.0M | −$238.2M | −$115.4M | −$13.7M |
| Accumulated other comprehensive income | $628,000 | $405,000 | $77,000 | −$1.0M | −$162,000 | $2,000 | $11,000 |
| Total shareholders' equity | $325.2M | $423.5M | $316.7M | $411.9M | $456.5M | −$114.0M | −$13.6M |
| Key figures | |||||||
| Total debt | $47.1M | $51.9M | $55.9M | $55.1M | $18.8M | $3.0M | $3.7M |
| Net cash (debt) | $228.9M | $246.4M | $256.5M | $380.5M | $440.5M | $115.7M | $46.7M |
| Working capital | $257.7M | $277.4M | $294.5M | $395.8M | $393.6M | $106.3M | $48.4M |
| Tangible book value | $325.2M | $423.5M | $316.7M | $411.9M | $456.5M | −$114.0M | −$13.6M |
| Book value per share | $1.15 | $1.81 | $2.64 | $4.22 | $4.79 | — | −$0.14 |
| Shares outstanding | 283.5M | 233.8M | 120.1M | 97.6M | 95.3M | — | 95.2M |
| Current ratio | 10.04 | 9.84 | 12.26 | 9.13 | 15.92 | 8.77 | 18.59 |
| Quick ratio | 9.77 | 9.58 | 11.94 | 8.95 | 17.41 | 8.68 | 18.32 |
| Debt / equity | 0.14 | 0.12 | 0.18 | 0.13 | 0.04 | — | — |
| Equity / assets | 82.1% | 84.3% | 80.1% | 80.0% | 91.0% | −91.3% | −24.5% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $268.7M | $243.8M | $276.1M | $288.4M | $300.7M | $304.6M | $298.3M | $318.9M | $408.4M | $297.7M | $312.4M | $343.6M |
| Cash & equivalents | $42.5M | $47.3M | $73.8M | $70.2M | $66.1M | $70.5M | $67.7M | $68.9M | $172.8M | $76.7M | $93.1M | $112.9M |
| Short-term investments | $226.2M | $196.5M | $202.3M | $218.2M | $234.5M | $234.1M | $230.6M | $250.0M | $235.6M | $221.0M | $219.3M | $183.8M |
| Receivables | $0 | $3.3M | $2.5M | $2.9M | $2.1M | $2.5M | $2.3M | $2.4M | $2.2M | $871,000 | $0 | $926,000 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$47.8M |
| Other current assets | $9.7M | $6.7M | $7.7M | $8.6M | $7.9M | $7.5M | $8.2M | $8.9M | $7.4M | $8.1M | $8.3M | $9.3M |
| Total current assets | $278.4M | $253.8M | $286.2M | $299.9M | $310.7M | $314.6M | $308.8M | $330.2M | $418.0M | $306.6M | $320.7M | $306.0M |
| Property, plant & equipment (net) | $39.4M | $40.9M | $42.3M | $44.1M | $45.6M | $47.1M | $48.5M | $50.0M | $51.5M | $58.5M | $60.2M | $61.8M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $115.5M | $164.7M | $65.7M | $74.0M | $86.1M | $106.5M | $142.2M | $144.4M | $51.8M | $0 | $9.6M | $46.9M |
| Other non-current assets | $1.7M | $1.9M | $1.9M | $2.4M | $3.0M | $3.0M | $3.0M | $4.3M | $4.4M | $4.9M | $4.8M | $4.8M |
| Total assets | $435.1M | $461.2M | $396.2M | $420.4M | $445.4M | $471.2M | $502.5M | $528.9M | $525.7M | $370.0M | $395.3M | $419.4M |
| Liabilities | ||||||||||||
| Accounts payable | $2.0M | $2.2M | $981,000 | $3.0M | $1.7M | $2.3M | $468,000 | $2.4M | $2.1M | $2.6M | $2.0M | $3.7M |
| Short-term debt | $5.4M | $5.3M | $5.1M | $4.9M | $4.7M | $4.8M | $9.2M | $4.5M | $8.6M | $4.1M | $7.9M | $7.6M |
| Deferred revenue | — | — | — | — | — | — | — | — | $1.7M | — | — | $18.6M |
| Total current liabilities | $33.6M | $26.7M | $28.5M | $28.7M | $28.2M | $25.5M | $31.4M | $30.0M | $24.9M | $30.2M | $26.2M | $26.7M |
| Long-term debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Lease obligations | $44.7M | $46.0M | $47.1M | $48.3M | $49.4M | $50.8M | $51.9M | $52.9M | $54.0M | $54.9M | $55.9M | $56.8M |
| Other long-term liabilities | $39.6M | $41.0M | $42.5M | $43.8M | $45.0M | $46.3M | $47.6M | $48.8M | $49.8M | $51.4M | $52.5M | $53.7M |
| Total liabilities | $73.2M | $67.7M | $71.0M | $72.5M | $73.1M | $71.7M | $79.0M | $78.9M | $74.7M | $81.6M | $78.6M | $80.4M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $31,000 | $31,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $28,000 | $27,000 | $15,000 | $15,000 | $15,000 |
| Retained earnings (deficit) | −$1.12B | −$1.08B | −$892.2M | −$863.1M | −$832.5M | −$798.6M | −$767.7M | −$735.4M | −$704.2M | −$641.0M | −$606.0M | −$576.3M |
| Accumulated other comprehensive income | −$1.2M | −$699,000 | $628,000 | $649,000 | $415,000 | $628,000 | $405,000 | $1.8M | −$196,000 | −$210,000 | $77,000 | −$575,000 |
| Total shareholders' equity | $361.9M | $393.5M | $325.2M | $347.9M | $372.3M | $399.5M | $423.5M | $450.0M | $451.1M | $288.4M | $316.7M | −$576.3M |
| Key figures | ||||||||||||
| Total debt | $44.7M | $46.0M | $47.1M | $48.3M | $49.4M | $50.8M | $51.9M | $52.9M | $54.0M | $61.8M | $55.9M | $56.8M |
| Net cash (debt) | $224.0M | $197.8M | $228.9M | $240.1M | $251.2M | $253.8M | $246.4M | $266.0M | $354.4M | $235.8M | $256.5M | $286.8M |
| Working capital | $244.9M | $227.1M | $257.7M | $271.2M | $282.5M | $289.1M | $277.4M | $300.1M | $393.1M | $276.4M | $294.5M | $279.2M |
| Tangible book value | $361.9M | $393.5M | $325.2M | $347.9M | $372.3M | $399.5M | $423.5M | $450.0M | $451.1M | $288.4M | $316.7M | −$576.3M |
| Book value per share | $1.16 | $1.29 | $1.15 | $1.23 | $1.31 | $1.41 | $1.81 | $1.99 | $2.59 | $2.38 | $2.63 | −$4.79 |
| Shares outstanding | 311.3M | 304.3M | 283.5M | 283.7M | 283.4M | 283.3M | 233.8M | 225.9M | 174.2M | 120.9M | 120.6M | 120.4M |
| Current ratio | 8.29 | 9.52 | 10.04 | 10.45 | 11.04 | 12.35 | 9.84 | 11.00 | 16.79 | 10.14 | 12.26 | 11.45 |
| Quick ratio | 8.01 | 9.27 | 9.77 | 10.15 | 10.75 | 12.06 | 9.58 | 10.70 | 16.50 | 9.87 | 11.94 | 12.89 |
| Debt / equity | 0.12 | 0.12 | 0.14 | 0.14 | 0.13 | 0.13 | 0.12 | 0.12 | 0.12 | 0.21 | 0.18 | — |
| Equity / assets | 83.2% | 85.3% | 82.1% | 82.8% | 83.6% | 84.8% | 84.3% | 85.1% | 85.8% | 77.9% | 80.1% | −137.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 12, 2026); data from EODHD.
ERAS financial position
At the end of fiscal 2025 (December 31, 2025), Erasca had total assets of $396.2 million (down 21.2% from a year earlier), total liabilities of $71.0 million and shareholders' equity of $325.2 million. It held $276.1 million in cash and short-term investments against $47.1 million of debt, a net cash position of $228.9 million. Its current ratio was 10.04. In the latest quarter (ended June 30, 2026) total assets were $435.1 million and equity $361.9 million.
Related: ERAS income statement, ERAS cash flow statement, ERAS key metrics. See the ERAS stock overview for the latest quote and news.
ERAS balance sheet FAQ
What are Erasca's total assets?
Erasca reported total assets of $396.2 million at the end of fiscal 2025 (December 31, 2025), compared with $502.5 million a year earlier.
How much debt does Erasca have?
Erasca had $47.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.14.
How much cash does Erasca have?
Erasca held $276.1 million in cash and short-term investments at the end of fiscal 2025; with $47.1 million of debt that is net cash of $228.9 million.
What is Erasca's book value?
Erasca's shareholders' equity (book value) was $325.2 million at the end of fiscal 2025, or $1.15 per share.
What is Erasca's current ratio?
Erasca had current assets of $286.2 million and current liabilities of $28.5 million, a current ratio of 10.04 (it can cover its short-term obligations).