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
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