Revolution Medicines, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:58:51Z
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -913.73M | -567.74M | -358.30M | -235.22M | -153.71M | -103.00M |
| EBITDA | -1.17B | -682.97M | -482.19M | -254.31M | -184.93M | -108.09M |
| Working Capital | 1.78B | 2.16B | 1.74B | 598.20M | 529.42M | 406.95M |
| Net Debt | -225.04M | -407.22M | -608.20M | -97.21M | -41.86M | -71.58M |
| Operating Margin | — | — | -4207.12% | -730.01% | -639.70% | -257.54% |
| Net Margin | — | — | -3768.28% | -702.95% | -636.58% | -251.63% |
| Return on Equity (ROE) | -69.35% | -26.49% | -23.89% | -36.30% | -31.05% | -22.79% |
| Return on Assets (ROA) | -48.05% | -23.46% | -21.17% | -30.63% | -25.35% | -19.06% |
| Current Ratio | 7.14× | 14.20× | 13.06× | 10.65× | 9.77× | 9.63× |
| Debt-to-Equity | 0.10× | 0.06× | 0.05× | 0.09× | 0.11× | 0.07× |
| Effective Tax Rate | 0.00% | 0.13% | 0.80% | 0.17% | 0.00% | 0.34% |
| Cash Conversion Ratio | 0.79× | 0.93× | 0.80× | 0.90× | 0.79× | 0.93× |
| Accruals Ratio | -0.10× | -0.02× | -0.04× | -0.03× | -0.05× | -0.01× |
| SBC % of Revenue | — | — | 533.44% | 88.17% | 70.51% | 20.67% |
| CapEx Coverage | -56.14× | -54.08× | -45.36× | -20.75× | -22.55× | -34.12× |
| Free Cash Flow Per Share | $-4.81 | $-3.38 | $-3.17 | $-2.92 | $-2.11 | $-1.88 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 0 | 0 | 11.58M | 35.38M | 29.39M | 42.98M |
| Research and Development Expense | 987.33M | 592.23M | 423.14M | 253.07M | 186.95M | 132.25M |
| Operating Expenses | 1.18B | 689.52M | 498.76M | 293.66M | 217.40M | 153.68M |
| Operating Income (Loss) | -1.18B | -689.52M | -487.19M | -258.28M | -188.01M | -110.70M |
| Income Tax Expense (Benefit) | 0 | -753.00K | -3.52M | -420.00K | 0 | -371.00K |
| Net Income (Loss) Attributable to Parent | -1.13B | -600.09M | -436.37M | -248.71M | -187.09M | -108.16M |
| Earnings Per Share, Basic | $-5.95 | $-3.58 | $-3.86 | $-3.08 | $-2.57 | $-2.01 |
| Weighted Average Number of Shares Outstanding, Basic | 190.13M | 167.74M | 113.15M | 80.63M | 72.81M | 54.87M |
| Earnings Per Share, Diluted | $-5.95 | $-3.58 | $-3.86 | $-3.08 | $-2.57 | $-2.01 |
| Weighted Average Number of Shares Outstanding, Diluted | 190.13M | 167.74M | 113.15M | 80.63M | 72.81M | 54.87M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 383.75M | 543.06M | 696.15M | 161.41M | 108.50M | 104.27M |
| Assets, Current | 2.08B | 2.33B | 1.88B | 660.18M | 589.77M | 454.12M |
| Assets | 2.35B | 2.56B | 2.06B | 811.93M | 737.99M | 567.40M |
| Liabilities, Current | 290.42M | 163.91M | 143.85M | 61.98M | 60.35M | 47.18M |
| Liabilities | 723.21M | 293.10M | 235.51M | 126.74M | 135.42M | 92.72M |
| Stockholders' Equity Attributable to Parent | 1.63B | 2.27B | 1.83B | 685.19M | 602.57M | 474.68M |
| Common Stock, Shares, Outstanding | 197.00M | 185.90M | 164.67M | 90.41M | 74.14M | 66.60M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -897.74M | -557.44M | -350.57M | -224.40M | -147.18M | -100.06M |
| Payments to Acquire Property, Plant, and Equipment | 15.99M | 10.31M | 7.73M | 10.82M | 6.53M | 2.93M |
| Net Cash Provided by (Used in) Investing Activities | 118.06M | -554.39M | -342.60M | -24.12M | -142.12M | -234.23M |
| Payments of Dividends | — | — | — | — | — | 0 |
| Net Cash Provided by (Used in) Financing Activities | 621.52M | 959.41M | 1.23B | 301.43M | 294.18M | 422.78M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -355.70M | -276.16M | -637.57M | -426.91M | -197.70M | -139.51M |
| EBITDA | -442.88M | -359.36M | — | — | -239.07M | -214.57M |
| Working Capital | 1.68B | 1.78B | 1.73B | 1.99B | 1.98B | 2.16B |
| Net Debt | -284.31M | -225.04M | -58.98M | -269.65M | -199.21M | -407.22M |
| Return on Equity (ROE) | -30.26% | -22.37% | -19.11% | -13.28% | -10.27% | -8.59% |
| Return on Assets (ROA) | -20.14% | -15.50% | -13.55% | -10.20% | -9.02% | -7.61% |
| Current Ratio | 6.80× | 7.14× | 8.05× | 11.79× | 13.46× | 14.20× |
| Debt-to-Equity | 0.10× | 0.10× | 0.10× | 0.07× | 0.06× | 0.06× |
| Effective Tax Rate | — | — | — | — | — | 0.39% |
| Cash Conversion Ratio | 0.78× | 0.75× | 2.04× | 1.68× | 0.91× | 0.71× |
| Accruals Ratio | -0.04× | -0.04× | 0.14× | 0.07× | -0.01× | -0.02× |
| CapEx Coverage | -230.28× | -142.46× | -44.33× | -38.84× | -59.53× | -113.17× |
| Free Cash Flow Per Share | $-1.80 | $-1.45 | $-3.37 | $-2.26 | $-1.05 | $-0.83 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 12.98× | 9.62× | 5.55× | 3.69× | 3.17× | 3.59× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | — | — | — | 0 |
| Research and Development Expense | 343.97M | 294.94M | 262.51M | 224.13M | 205.75M | 188.10M |
| Operating Expenses | 445.22M | 361.63M | 315.27M | 264.71M | 240.76M | 216.31M |
| Operating Income (Loss) | -445.22M | -361.63M | -315.27M | -264.71M | -240.76M | -216.31M |
| Income Tax Expense (Benefit) | — | — | — | — | — | -753.00K |
| Net Income (Loss) Attributable to Parent | -453.82M | -364.89M | -305.21M | -247.79M | -213.42M | -194.57M |
| Earnings Per Share, Basic | $-2.29 | $-1.89 | $-1.61 | $-1.31 | $-1.13 | $-1.13 |
| Weighted Average Number of Shares Outstanding, Basic | 198.10M | 190.13M | 189.23M | 188.58M | 188.15M | 167.74M |
| Earnings Per Share, Diluted | $-2.29 | $-1.89 | $-1.61 | $-1.31 | $-1.13 | $-1.13 |
| Weighted Average Number of Shares Outstanding, Diluted | 198.10M | 190.13M | 189.23M | 188.58M | 188.15M | 167.74M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 440.94M | 383.75M | 217.44M | 402.44M | 333.55M | 543.06M |
| Assets, Current | 1.97B | 2.08B | 1.98B | 2.18B | 2.13B | 2.33B |
| Assets | 2.25B | 2.35B | 2.25B | 2.43B | 2.37B | 2.56B |
| Liabilities, Current | 289.60M | 290.42M | 245.62M | 184.53M | 158.60M | 163.91M |
| Liabilities | 753.82M | 723.21M | 655.02M | 564.20M | 287.20M | 293.10M |
| Stockholders' Equity Attributable to Parent | 1.50B | 1.63B | 1.60B | 1.87B | 2.08B | 2.27B |
| Common Stock, Shares, Outstanding | 200.18M | 197.00M | 189.71M | 186.90M | 186.26M | 185.90M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -354.17M | -274.24M | -623.50M | -416.19M | -194.44M | -138.29M |
| Payments to Acquire Property, Plant, and Equipment | 1.54M | 1.93M | 14.06M | 10.72M | 3.27M | 1.22M |
| Net Cash Provided by (Used in) Investing Activities | 172.62M | 74.88M | 43.18M | 18.33M | -15.95M | -392.90M |
| Net Cash Provided by (Used in) Financing Activities | 238.74M | 365.66M | 255.87M | 257.46M | 874.00K | 873.80M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RVMD CIK 0001628171),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.