Revolution Medicines (RVMD) Research & Development (2019 - 2026)

Revolution Medicines' 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 has reported Research & Development for 8 years, with the latest figure at $344.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 67.18% year-over-year to $344.0 million; the trailing twelve-month figure through Mar 2026 stood at $1.1 billion (up 65.39% YoY), and the FY2025 full-year result was $987.3 million, up 66.72% from the prior year.
  • Research & Development for Q1 2026 stood at $344.0 million, up from $294.9 million in the prior quarter.
  • The five-year high for Research & Development was $344.0 million in Q1 2026, with the low at $56.5 million in Q1 2022.
  • Average Research & Development over 5 years is $153.0 million, with a median of $134.9 million recorded in 2024.
  • Peak annual rise in Research & Development reached 124.54% in 2023, while the deepest fall reached 22.05% in 2023.
  • Tracing RVMD's Research & Development over 5 years: stood at $66.1 million in 2022, then surged by 124.54% to $148.5 million in 2023, then climbed by 26.68% to $188.1 million in 2024, then jumped by 56.8% to $294.9 million in 2025, then increased 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 Quantum Biopharma 961,148.99 Bn 961,148.98 Bn - 626,092.00
2 Alterity Therapeutics 744,933.29 Bn 744,933.26 Bn - 4.32 Mn
3 Legend Biotech 2,540.00 Bn 2,539.71 Bn 242.10 Mn -101.30 Mn
4 Nanobiotix 2,199.85 Bn 2,199.78 Bn - -
5 Akari Therapeutics 1,635.88 Bn 1,635.88 Bn - 1.46 Mn
6 Vertex Pharmaceuticals 111.32 Bn 104.07 Bn 2.59 Bn 961.60 Mn
7 Evaxion A 62.56 Bn 62.54 Bn - -2.30 Mn
8 Regeneron Pharmaceuticals 62.55 Bn 53.79 Bn 3.31 Bn 1.54 Bn
9 Alnylam Pharmaceuticals 39.57 Bn 36.56 Bn 959.66 Mn 364.87 Mn
10 Revolution Medicines 32.39 Bn 32.39 Bn - 343.97 Mn

Historic Data

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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
Mar 31, 2021 40.86 Mn
Dec 31, 2020 37.01 Mn
Sep 30, 2020 34.87 Mn
Jun 30, 2020 32.92 Mn
Mar 31, 2020 27.46 Mn
Dec 31, 2019 27.49 Mn
Sep 30, 2019 22.96 Mn
Jun 30, 2019 20.12 Mn
Mar 31, 2019 21.19 Mn