ERAS

Erasca, Inc.

Ticker: ERASHealthcarePharmaceutical Preparations
HQ SAN DIEGO, CACIK 1761918FY end 12-31Book / share $1.18Shares 308M
Revenue (FY)
Op. margin
0.00%
Net income
$-124.55M+22.95%
TTM $-287.22M
Operating cash
$-95.45M+12.76%
TTM $-98.02M
Free cash flow
$-95.58M+12.69%
TTM $-98.08M
Return on equity
-38.30%-0.13%
TTM -79.37%
Debt / equity
Shares outstanding
283.5M+21.26%
TTM 307.8M

The business

Erasca Inc., trading under the ticker symbol ERAS on the Nasdaq Global Select Market, operates as a clinical-stage precision oncology company singularly focused on discovering, developing, and commercializing therapies targeting RAS/MAPK pathway-driven cancers. The company maintains its website at www.erasca.com.

The company's core mission centers on addressing cancers driven by molecular alterations in RAS, the most frequently mutated oncogene, and the MAPK pathway, one of the most frequently altered signaling pathways in cancer. These alterations account for more than five million new patient diagnoses globally each year, with most patients having limited or no targeted therapy options available. Erasca's modality-agnostic pipeline comprises programs aligned with three therapeutic strategies: targeting key upstream and downstream signaling nodes in the RAS/MAPK pathway, targeting RAS directly, and targeting escape routes that emerge in response to treatment.

The company's clinical-stage pipeline includes ERAS-0015, a pan-RAS molecular glue designed to treat patients with RAS-mutated solid tumors, and ERAS-4001, a pan-KRAS inhibitor in development for KRAS-mutated solid tumors. Both programs received FDA clearance for investigational new drug applications in May 2025. Additionally, Erasca is developing ERAS-12, a discovery-stage EGFR D2/D3 biparatopic antibody program for which a lead candidate has been identified. The company believes ERAS-0015 has potential to address approximately 2.7 million patients annually diagnosed with RAS-mutant tumors worldwide, including over 2.2 million patients with KRAS-mutant tumors whom ERAS-4001 could also address.

Erasca employs a dual innovation model combining robust internal development capabilities with a global in-licensing and acquisition strategy. The company in-licensed ERAS-0015 from Guangzhou Joyo Pharmatech Co., Ltd., ERAS-4001 from Medshine Discovery Inc., and acquired the ERAS-12 program from Emerge Life Sciences. The company maintains exclusive worldwide development and commercialization rights to its entire pipeline and intends to commercialize product candidates in the United States while exploring partnerships in selected geographies. Erasca established the Erasca Foundation in May 2021, funded with 1% of its capital stock at the time of its initial public offering, to support community initiatives and social impact programs.

Sector
Healthcare
Industry
Pharmaceutical Preparations
HQ
SAN DIEGO, CA
FY end
12-31
CIK
1761918
SIC
2834
Financial performance · annual
20212025
$-303.67M$-254.33M$-204.99M$-155.66M$-106.32M20212022202320242025TTMTTM

Ownership

Who holds Erasca, Inc. — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

237
funds hold it
0 of 35
superinvestors hold it
$1.26B
fund-held value
21.6%
of shares held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%$153.60M
State Street(R) SPDR(R) S&P(R) Biotech ETF
XBI · SPDR SERIES TRUST
1.27%$136.43M
T. Rowe Price Capital Appreciation Fund
PRWCX · T. ROWE PRICE CAPITAL APPRECIATION FUND, INC.
0.18%$127.41M
iShares Russell 2000 ETF
IWM · iShares Trust
0.11%$94.11M
T. Rowe Price Small-Cap Stock Fund, Inc.
OTCFX · T. ROWE PRICE SMALL-CAP STOCK FUND, INC.
0.66%$61.10M

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

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