Erasca Q2 net loss widens to $44.1 million from $33.9 million a year earlier
Erasca reported a second-quarter 2026 net loss of $44.1 million, or $(0.14) per share, up from $33.9 million, or $(0.12) per share, a year earlier, as research and development spending rose. The company had $384.3 million in cash, cash equivalents, and marketable securities at June 30, 2026, and said a July 2026 public offering raised approximately $632.5 million in gross proceeds, which it expects will fund its listed milestones.
Key points
- Net loss was $44.1 million, or $(0.14) per share, for the quarter ended June 30, 2026, versus $33.9 million, or $(0.12) per share, a year earlier.
- R&D expenses were $35.9 million, up from $21.2 million, driven mainly by clinical trial and personnel costs.
- Cash, cash equivalents, and marketable securities were $384.3 million at June 30, 2026, before the July offering of approximately $632.5 million in gross proceeds.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.