Revolution Medicines (RVMD) Operating Expenses (2019 - 2026)

Revolution Medicines' (RVMD) quarterly Operating Expenses came in at $445.2 million in Q1 2026, up 84.92% year-on-year from $240.8 million in Q1 2025, and up 23.12% quarter-over-quarter from $361.6 million in Q4 2025.

Revolution Medicines (RVMD) Operating Expenses (2019 - 2026) Analysis & Trends

Revolution Medicines' Operating Expenses history runs 8 years deep, the most recent figure standing at $445.2 million for Q1 2026.

  • On a quarterly basis, Operating Expenses rose 84.92% year-over-year to $445.2 million in Q1 2026; TTM through Mar 2026 was $1.4 billion, a 75.68% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 71.48% from the prior year.
  • Operating Expenses advanced to $445.2 million in Q1 2026 per RVMD's latest filing, from $361.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $445.2 million in Q1 2026 and bottomed at $65.5 million in Q1 2022.
  • The 5-year median for Operating Expenses is $156.6 million (2024), against an average of $182.9 million.
  • Across the five-year window, Operating Expenses soared 134.6% in 2023 and advanced 19.69% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $77.0 million in 2022, then surged by 134.6% to $180.7 million in 2023, then increased by 19.69% to $216.3 million in 2024, then jumped by 67.18% to $361.6 million in 2025, then grew by 23.12% to $445.2 million in 2026.
  • Per Business Quant, the three latest RVMD Operating Expenses figures stand at $445.2 million (Q1 2026), $361.6 million (Q4 2025), and $315.3 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Alnylam Pharmaceuticals 36.08 Bn 33.07 Bn 959.66 Mn 898.54 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 445.22 Mn
Dec 31, 2025 361.63 Mn
Sep 30, 2025 315.27 Mn
Jun 30, 2025 264.71 Mn
Mar 31, 2025 240.76 Mn
Dec 31, 2024 216.31 Mn
Sep 30, 2024 175.71 Mn
Jun 30, 2024 156.64 Mn
Mar 31, 2024 140.86 Mn
Dec 31, 2023 180.73 Mn
Sep 30, 2023 123.25 Mn
Jun 30, 2023 112.62 Mn
Mar 31, 2023 82.17 Mn
Dec 31, 2022 77.04 Mn
Sep 30, 2022 79.89 Mn
Jun 30, 2022 71.21 Mn
Mar 31, 2022 65.53 Mn
Dec 31, 2021 62.37 Mn
Sep 30, 2021 54.26 Mn
Jun 30, 2021 53.23 Mn