Revolution Medicines (RVMD) Research & Development (2019 - 2026)
Revolution Medicines' (RVMD) quarterly Research & Development came in at $344.0 million in Q1 2026, up 67.18% year-on-year from $205.7 million in Q1 2025, and up 16.62% quarter-over-quarter from $294.9 million in Q4 2025.
Revolution Medicines (RVMD) Research & Development (2019 - 2026) Analysis & Trends
Revolution Medicines' Research & Development history runs 8 years deep, the most recent figure standing at $344.0 million for Q1 2026.
- On a quarterly basis, Research & Development rose 67.18% year-over-year to $344.0 million in Q1 2026; TTM through Mar 2026 was $1.1 billion, a 65.39% increase from a year earlier, with the FY2025 full-year figure at $987.3 million, up 66.72% from the prior year.
- Research & Development grew to $344.0 million in Q1 2026 per RVMD's latest filing, from $294.9 million in the prior quarter.
- Across five years, Research & Development topped out at $344.0 million in Q1 2026 and bottomed at $56.5 million in Q1 2022.
- The 5-year median for Research & Development is $134.9 million (2024), against an average of $153.0 million.
- Biggest YoY gain for Research & Development was 124.54% in 2023; the steepest drop was 22.05% in 2023.
- Year by year, Research & Development stood at $66.1 million in 2022, then jumped by 124.54% to $148.5 million in 2023, then advanced by 26.68% to $188.1 million in 2024, then soared by 56.8% to $294.9 million in 2025, then grew by 16.62% to $344.0 million in 2026.
- Per Business Quant, the three latest RVMD Research & Development figures stand at $344.0 million (Q1 2026), $294.9 million (Q4 2025), and $262.5 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -17.94 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 1.46 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 541.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 961.60 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 1.54 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 15.66 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -443.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 343.97 Mn |
| 10 | Alnylam Pharmaceuticals | 36.08 Bn | 33.07 Bn | 959.66 Mn | 364.87 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 343.97 Mn |
| Dec 31, 2025 | 294.94 Mn |
| Sep 30, 2025 | 262.51 Mn |
| Jun 30, 2025 | 224.13 Mn |
| Mar 31, 2025 | 205.75 Mn |
| Dec 31, 2024 | 188.10 Mn |
| Sep 30, 2024 | 151.75 Mn |
| Jun 30, 2024 | 134.93 Mn |
| Mar 31, 2024 | 118.02 Mn |
| Dec 31, 2023 | 148.48 Mn |
| Sep 30, 2023 | 107.74 Mn |
| Jun 30, 2023 | 97.98 Mn |
| Mar 31, 2023 | 68.95 Mn |
| Dec 31, 2022 | 66.13 Mn |
| Sep 30, 2022 | 69.46 Mn |
| Jun 30, 2022 | 61.00 Mn |
| Mar 31, 2022 | 56.49 Mn |
| Dec 31, 2021 | 53.68 Mn |
| Sep 30, 2021 | 46.47 Mn |
| Jun 30, 2021 | 45.94 Mn |