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
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