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Condensed Consolidated Statements of Convertible Preferred Stock and Stockholders' Equity (Deficit) (Unaudited) - USD ($)
$ in Thousands
Total
Erasca Foundation
IPO
Convertible Preferred Stock
Common Stock
Common Stock
Erasca Foundation
Common Stock
IPO
Additional Paid-in Capital
Additional Paid-in Capital
Erasca Foundation
Additional Paid-in Capital
IPO
Accumulated Other Comprehensive Income (Loss)
Accumulated Deficit
Convertible preferred stock, beginning balance, shares at Dec. 31, 2020       69,584,682                
Convertible preferred stock, beginning balance, value at Dec. 31, 2020       $ 221,405                
Beginning balance, shares at Dec. 31, 2020         25,189,673              
Beginning balance at Dec. 31, 2020 $ (113,984)       $ 3     $ 1,413     $ 2 $ (115,402)
Issuance of Series B-1 and B-2 convertible preferred stock for cash, shares       15,931,772                
Issuance of Series B-1 and B-2 convertible preferred stock for cash       $ 119,393                
Issuance of common stock in connection with asset acquisition, shares         500,000              
Issuance of common stock in connection with asset acquisition 1,680             1,680        
Exercise of stock options, shares         439,610              
Exercise of stock options 94             94        
Vesting of early exercised stock options 174             174        
Stock-based compensation expense 795             795        
Net loss (18,017)                     (18,017)
Unrealized loss on marketable securities, net (1)                   (1)  
Convertible preferred stock, ending balance, shares at Mar. 31, 2021       85,516,454                
Convertible preferred stock,ending balance, value at Mar. 31, 2021       $ 340,798                
Ending balance, shares at Mar. 31, 2021         26,129,283              
Ending balance at Mar. 31, 2021 (129,259)       $ 3     4,156     1 (133,419)
Convertible preferred stock, beginning balance, shares at Dec. 31, 2020       69,584,682                
Convertible preferred stock, beginning balance, value at Dec. 31, 2020       $ 221,405                
Beginning balance, shares at Dec. 31, 2020         25,189,673              
Beginning balance at Dec. 31, 2020 (113,984)       $ 3     1,413     2 (115,402)
Net loss (92,300)                      
Ending balance, shares at Sep. 30, 2021         121,250,375              
Ending balance at Sep. 30, 2021 482,991       $ 12     690,681       (207,702)
Convertible preferred stock, beginning balance, shares at Mar. 31, 2021       85,516,454                
Convertible preferred stock, beginning balance, value at Mar. 31, 2021       $ 340,798                
Beginning balance, shares at Mar. 31, 2021         26,129,283              
Beginning balance at Mar. 31, 2021 (129,259)       $ 3     4,156     1 (133,419)
Issuance of common stock in connection with license agreement, shares         944,945              
Issuance of common stock in connection with license agreement 5,488             5,488        
Exercise of stock options, shares         225,895              
Exercise of stock options 180             180        
Vesting of early exercised stock options 174             174        
Stock-based compensation expense 1,636             1,636        
Net loss (28,214)                     (28,214)
Unrealized loss on marketable securities, net (2)                   (2)  
Convertible preferred stock, ending balance, shares at Jun. 30, 2021       85,516,454                
Convertible preferred stock,ending balance, value at Jun. 30, 2021       $ 340,798                
Ending balance, shares at Jun. 30, 2021         27,300,123              
Ending balance at Jun. 30, 2021 (149,997)       $ 3     11,634     (1) (161,633)
Temporary equity stock issued during period shares conversion of convertible securities, shares       (85,516,454)                
Temporary equity stock issued during period value conversion of convertible securities       $ (340,798)                
Conversion of convertible preferred stock into common stock upon initial public offering, shares         71,263,685              
Conversion of convertible preferred stock into common stock upon initial public offering 340,798       $ 7     340,791        
Issuance of common stock, net of discounts and issuance costs, Shares           1,093,557 21,562,500          
Issuance of common stock, net of discounts and issuance costs   $ 17,497 $ 316,999       $ 2   $ 17,497 $ 316,997    
Disgorgement of stockholder's short-swing profits 553             553        
Exercise of stock options, shares         30,510              
Exercise of stock options 21             21        
Vesting of early exercised stock options 171             171        
Stock-based compensation expense 3,017             3,017        
Net loss (46,069)                     (46,069)
Unrealized loss on marketable securities, net 1                   1  
Ending balance, shares at Sep. 30, 2021         121,250,375              
Ending balance at Sep. 30, 2021 $ 482,991       $ 12     690,681       (207,702)
Convertible preferred stock, beginning balance, shares at Dec. 31, 2021       0                
Beginning balance, shares at Dec. 31, 2021 121,382,547       121,382,547              
Beginning balance at Dec. 31, 2021 $ 456,528       $ 12     694,844     (162) (238,166)
Exercise of stock options, shares         357,244              
Exercise of stock options 460             460        
Vesting of early exercised stock options 479             479        
Repurchases of early exercised stock options and restricted stock, Shares         (6,945)              
Stock-based compensation expense 4,442             4,442        
Net loss (36,458)                     (36,458)
Unrealized loss on marketable securities, net (789)                   (789)  
Ending balance, shares at Mar. 31, 2022         121,732,846              
Ending balance at Mar. 31, 2022 $ 424,662       $ 12     700,225     (951) (274,624)
Convertible preferred stock, beginning balance, shares at Dec. 31, 2021       0                
Beginning balance, shares at Dec. 31, 2021 121,382,547       121,382,547              
Beginning balance at Dec. 31, 2021 $ 456,528       $ 12     694,844     (162) (238,166)
Net loss $ (107,555)                      
Convertible preferred stock, ending balance, shares at Sep. 30, 2022       0                
Ending balance, shares at Sep. 30, 2022 122,306,969       122,306,969              
Ending balance at Sep. 30, 2022 $ 365,319       $ 12     712,407     (1,379) (345,721)
Beginning balance, shares at Mar. 31, 2022         121,732,846              
Beginning balance at Mar. 31, 2022 424,662       $ 12     700,225     (951) (274,624)
Exercise of stock options, shares         179,985              
Exercise of stock options 375             375        
Issuance of common stock under the Employee Stock Purchase Plan, Shares         150,642              
Issuance of common stock under the Employee Stock Purchase Plan 617             617        
Vesting of early exercised stock options 238             238        
Stock-based compensation expense 5,055             5,055        
Net loss (35,608)                     (35,608)
Unrealized loss on marketable securities, net (272)                   (272)  
Ending balance, shares at Jun. 30, 2022         122,063,473              
Ending balance at Jun. 30, 2022 395,067       $ 12     706,510     (1,223) (310,232)
Exercise of stock options, shares         243,496              
Exercise of stock options 427             427        
Vesting of early exercised stock options 238             238        
Stock-based compensation expense 5,232             5,232        
Net loss (35,489)                     (35,489)
Unrealized loss on marketable securities, net $ (156)                   (156)  
Convertible preferred stock, ending balance, shares at Sep. 30, 2022       0                
Ending balance, shares at Sep. 30, 2022 122,306,969       122,306,969              
Ending balance at Sep. 30, 2022 $ 365,319       $ 12     $ 712,407     $ (1,379) $ (345,721)