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

Revolution Medicines' 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 has reported Operating Expenses for 8 years, with the latest figure at $445.2 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 84.92% year-over-year to $445.2 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (up 75.68% YoY), and the FY2025 full-year result was $1.2 billion, up 71.48% from the prior year.
  • Operating Expenses for Q1 2026 stood at $445.2 million, up from $361.6 million in the prior quarter.
  • The five-year high for Operating Expenses was $445.2 million in Q1 2026, with the low at $65.5 million in Q1 2022.
  • Average Operating Expenses over 5 years is $182.9 million, with a median of $156.6 million recorded in 2024.
  • Year-over-year, Operating Expenses soared 134.6% in 2023 and advanced 19.69% in 2024.
  • Tracing RVMD's Operating Expenses over 5 years: 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 increased 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 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 2.97 Mn
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.33 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -138.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 15.76 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 1.85 Bn
7 Evaxion A 62.56 Bn 62.54 Bn - -3.82 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 2.96 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 898.54 Mn
10 Revolution Medicines 32.39 Bn 32.39 Bn - 445.22 Mn

Historic Data

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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
Mar 31, 2021 47.53 Mn
Dec 31, 2020 42.83 Mn
Sep 30, 2020 40.21 Mn
Jun 30, 2020 38.01 Mn
Mar 31, 2020 32.63 Mn
Dec 31, 2019 31.65 Mn
Sep 30, 2019 26.07 Mn
Jun 30, 2019 22.84 Mn
Mar 31, 2019 23.60 Mn