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
DateValue
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