NASDAQ$ERAS
Erasca Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Erasca reported Q1 2026 no revenue, a net loss of $183.4M (diluted loss per share $0.60), including $150M in-process R&D.
For the quarter ended March 31, 2026, Erasca had no product revenue and recorded $150.0 million of in-process R&D expense related to a transaction, driving a net loss of $183.4 million ($0.60 diluted loss per share) versus $31.0 million and $0.13 loss. Core R&D was $27.3 million on RAS-targeted oncology programs.
- In-process R&D charge $150.0M in quarter.
- Core R&D $27.3M on pipeline assets.
- Net loss $183.4M; diluted EPS loss $0.60.
- Cash and marketable securities ~$408M.
- Oncology platform builds on RAS/MAPK biology.
Headline financials
Revenue & EPS history
Erasca · Revenue · Quarterly
$0
Forward guidance
Clinical milestones for lead programs; cash runway highlighted in MD&A.
Tailwinds
- Strong cash balance post financing.
- Pipeline advancement continues.
Headwinds
- Large one-time IPR&D charge.
- No near-term product revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 17 quarterly earnings reports · overlaid with Q1 2026
+1.1%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+1.3%
Avg return
30 days after
58%
11 / 19 earnings
Positive
+11.0%
Q3 2022
Best reaction
-10.1%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.3% | +1.0% | +32.1% | |
| Q4 2025 | -4.3% | -7.8% | +16.1% | |
| Q3 2025 | -4.2% | +7.9% | +35.8% | |
| Q1 2025 | -4.0% | -5.8% | +9.3% | |
| Q4 2024 | +6.0% | -8.2% | +25.0% | |
| Q3 2024 | -8.4% | -14.1% | -15.4% | |
| Q2 2024 | +8.3% | +16.7% | +27.9% | |
| Q1 2024 | -10.1% | -12.8% | +8.9% | |
| Q4 2023 | +4.0% | +9.1% | -4.5% | |
| Q3 2023 | -8.6% | -1.8% | -15.0% | |
| Q2 2023 | +10.6% | -3.2% | -0.8% | |
| Q1 2023 | -1.0% | -3.8% | -5.6% | |
| Q4 2022 | -2.7% | -5.8% | -3.8% | |
| Q3 2022 | +11.0% | +20.7% | -19.1% | |
| Q2 2022 | +2.5% | +4.4% | -10.8% | |
| Q1 2022 | +2.8% | +9.4% | -4.6% | |
| Q4 2021 | +9.1% | +8.1% | -9.7% | |
| Q3 2021 | +2.2% | -3.1% | -28.9% | |
| Q2 2021 | +4.8% | +8.9% | -12.3% | |
| Q1 2021 | — | — | — | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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