Revolution Medicines (RVMD) Research & Development (2019 - 2026)
Revolution Medicines (RVMD) recorded quarterly Research & Development of $344.0 million in Q1 2026, up 16.62% quarter-over-quarter from $294.9 million in Q4 2025, and up 67.18% on a YoY basis from $205.7 million in Q1 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.
- In Q1 2026, Research & Development rose 67.18% year-over-year to $344.0 million; the TTM figure through Mar 2026 stood at $1.1 billion (up 65.39% YoY), while the FY2025 annual figure was $987.3 million, up 66.72% from the prior year.
- Research & Development was $344.0 million for Q1 2026 at Revolution Medicines, up from $294.9 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $344.0 million in Q1 2026 to a low of $56.5 million in Q1 2022.
- Historically, Research & Development has averaged $153.0 million across 5 years, with a median of $134.9 million in 2024.
- Biggest YoY gain for Research & Development was 124.54% in 2023; the steepest drop was 22.05% in 2023.
- A 5-year view of Research & Development shows it 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.
- The last three Research & Development figures came in at $344.0 million (Q1 2026), $294.9 million (Q4 2025), and $262.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alterity Therapeutics | 925,601.88 Bn | 925,601.85 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 58,560.00 Bn | 58,560.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,284.41 Bn | 17,284.40 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 2,809.00 Bn | 2,808.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Evaxion A | 1,334.43 Bn | 1,334.42 Bn | - | -2.30 Mn |
| 6 | Akari Therapeutics | 1,312.27 Bn | 1,312.26 Bn | - | 1.46 Mn |
| 7 | Psyence Biomedical | 212.16 Bn | 212.16 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 114.83 Bn | 107.58 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.96 Bn | 91.96 Bn | - | -58.00 Mn |
| 10 | Revolution Medicines | 32.33 Bn | 32.33 Bn | - | 343.97 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 |