Erasca, Inc.
NASDAQ•ERAS
CEO: Dr. Jonathan E. Lim M.D.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2021-07-16
Erasca, Inc., a clinical-stage precision oncology company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead product is naporafenib which is in phase 1b trial for patients with RAS Q16X solid tumors and plans to initiate a pivotal Phase 3 trial for patients with NRASm melanoma. It also develops ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung and colorectal cancer, and advanced gastrointestinal malignancies; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. In addition, it is developing ERAS-801, a central nervous system-penetrant EGFR inhibitor which is in phase 1 clinical trials for the treatment of patients with recurrent glioblastoma multiforme. The company entered into license agreement with Novartis to develop, manufacture, use, and commercialize naporafenib; Katmai Pharmaceuticals, Inc. to develop, manufacture, use, and commercialize ERAS-801 and certain other related compounds; and NiKang Therapeutics, Inc. to develop and commercialize ERAS-601 and certain other related compounds. Erasca, Inc. was incorporated in 2018 and is headquartered in San Diego, California.
Contact Information
Market Cap
$4.37B
P/E (TTM)
-15.4
24.5
Dividend Yield
--
52W High
$24.28
52W Low
$1.21
52W Range
Rank63Top 94.0%
1.8
F-Score
Modified Piotroski Analysis
Based on 6-year fundamentals
Weak • 1.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2020-2025
Financial Dashboard
Q1 2026 Data
Revenue
$0.00+0.00%
4-Quarter Trend
EPS
-$0.60+0.00%
4-Quarter Trend
FCF
-$27.42M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Net Loss Significantly Reduced Net loss narrowed to $124.5M in 2025 from $161.7M in 2024; R&D expenses decreased $22.5M.
Key Pipeline Data Upcoming ERAS-0015 Phase 1 readout anticipated H1 2026; ERAS-4001 readout expected H2 2026.
Stronger Cash Position Secured Completed $242.7M net proceeds offering in January 2026; cash sufficient into second half 2028.
RAS Franchise Advancement ERAS-0015 showed confirmed responses in Phase 1 trial; binding affinity 8-21x higher than comparator.
Risk Factors
Continued Operating Losses Expected Incurred $892.2M accumulated deficit as of December 31, 2025; expects substantial losses for foreseeable future.
Substantial Capital Requirement Risk Requires substantial additional capital financing; failure to secure funds could delay or terminate development programs.
Clinical Development Uncertainty Scientific approach is unproven; preclinical results do not guarantee efficacy or safety in late-stage trials.
Stock Price Volatility Risk Common stock trading price highly volatile; purchasers could incur substantial losses due to market factors.
Outlook
Prioritize RAS/MAPK Franchise Strategic decision made to stop naporafenib development to focus resources on differentiated RAS-targeting franchise.
Advance Combination Strategies Plan to move swiftly into strategic combinations for ERAS-0015 and ERAS-4001 post-monotherapy readouts.
Build US Commercial Capabilities Intends to build focused sales/marketing organization for US commercialization if marketing approval is obtained.
Pipeline Expansion Through External Sourcing Will continue opportunistic evaluation of synergistic, in-pathway opportunities regardless of origin for pipeline growth.
Peer Comparison
Revenue (TTM)
$285.61M
$181.21M
$158.18M
Gross Margin (Latest Quarter)
100.0%
98.6%
97.6%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TERN | $4.77B | -51.3 | -20.0% | 0.1% |
| ERAS | $4.37B | -15.4 | -77.0% | 10.0% |
| DAWN | $2.22B | -20.7 | -23.4% | 0.5% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
N/M
Revenue Volatile
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Deep Research
Next earnings:Aug 11, 2026
EPS:-$0.12
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data