Revolution Medicines (RVMD) Operating Expenses (2019 - 2026)
Revolution Medicines (RVMD) posted Operating Expenses of $505.1 million for Q2 2026, up 13.46% on a QoQ basis from $445.2 million in Q1 2026, and up 90.82% year-over-year from $264.7 million in Q2 2025.
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Analysis
Revolution Medicines (RVMD) Operating Expenses (2019 - 2026) Analysis & Trends
Revolution Medicines has reported Operating Expenses for 8 years, with the latest figure at $505.1 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 90.82% year-over-year to $505.1 million in Q2 2026; TTM through Jun 2026 was $1.6 billion, a 81.31% increase from a year earlier, with the FY2025 full-year figure at $1.2 billion, up 71.48% from the prior year.
- Operating Expenses was $505.1 million for Q2 2026 at Revolution Medicines, up from $445.2 million in the prior quarter.
- The five-year high for Operating Expenses was $505.1 million in Q2 2026, with the low at $65.5 million in Q1 2022.
- Average Operating Expenses over 5 years is $200.8 million, with a median of $166.2 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 134.6% in 2023, then gained 19.69% in 2024.
- Over 5 years, Operating Expenses stood at $77.0 million in 2022, then soared by 134.6% to $180.7 million in 2023, then rose by 19.69% to $216.3 million in 2024, then surged by 67.18% to $361.6 million in 2025, then jumped by 39.68% to $505.1 million in 2026.
- The last three Operating Expenses figures came in at $505.1 million (Q2 2026), $445.2 million (Q1 2026), and $361.6 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 649.01 Bn | 628.25 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 468.55 Bn | 462.03 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 365.49 Bn | 358.40 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 272.39 Bn | 265.10 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 253.18 Bn | 247.96 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 219.53 Bn | 205.54 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 187.85 Bn | 184.59 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 160.56 Bn | 149.16 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 130.81 Bn | 122.96 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Revolution Medicines | 40.86 Bn | 40.86 Bn | - | 505.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 505.13 Mn |
| 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 |
API Access
Revolution Medicines Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RVMD&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RVMD", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RVMD&period=max&api_key=YOUR_API_KEY");
const data = await res.json();