Revolution Medicines (RVMD) Operating Expenses (2019 - 2026)
Revolution Medicines (RVMD) recorded quarterly Operating Expenses of $445.2 million in Q1 2026, up 23.12% quarter-over-quarter from $361.6 million in Q4 2025, and up 84.92% on a YoY basis from $240.8 million in Q1 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.
- In Q1 2026, Operating Expenses rose 84.92% year-over-year to $445.2 million; the TTM figure through Mar 2026 stood at $1.4 billion (up 75.68% YoY), while the FY2025 annual figure was $1.2 billion, up 71.48% from the prior year.
- Operating Expenses was $445.2 million for Q1 2026 at Revolution Medicines, up from $361.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $445.2 million in Q1 2026 to a low of $65.5 million in Q1 2022.
- Historically, Operating Expenses has averaged $182.9 million across 5 years, with a median of $156.6 million in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses jumped 134.6% in 2023, then rose 19.69% in 2024.
- A 5-year view of Operating Expenses shows it 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.
- The last three Operating Expenses figures came in at $445.2 million (Q1 2026), $361.6 million (Q4 2025), and $315.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.33 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 32.68 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 2.97 Mn |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -138.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -3.82 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 15.76 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 574,669.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 1.85 Bn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -67.40 Mn |
| 10 | Revolution Medicines | 32.33 Bn | 32.33 Bn | - | 445.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |