Revolution Medicines, Inc.

RVMD 10-Q · Q1 2026

RVMD Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Research & Development (Q) — — —
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Research & Development 343,970 205,749 +67.2%
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Operating Segments 343,970 205,749 +67.2%
General & Administrative (Q) — — —
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General & Administrative 101,252 35,011 +189.2%
Operating Expenses (Q) — — —
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Operating Expenses 445,222 240,760 +84.9%
Operating Income (Q) — — —
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Operating Income -445,222 -240,760 -84.9%
Interest Income (Q) — — —
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Interest Income 19,508 24,915 -21.7%
Interest Expense (Q) — — —
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Interest Expense -12,197 — —
Fair Value Adjustment Of Warrants (Q) — — —
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Fair Value Adjustment Of Warrants -15,788 2,439 -747.3%
Other Non-Operating Income (Expense) (Q) — — —
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Other Non-Operating Income (Expense) 117 -10 +1270.0%
Non-Operating Income (Expense) (Q) — — —
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Non-Operating Income (Expense) -8,594 27,344 -131.4%
Income Before Taxes (Q) — — —
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Income Before Taxes -453,816 -213,416 -112.6%
Net Income (Q) — — —
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Retained Earnings -453,816 -213,416 -112.6%
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Net Income -453,816 -213,416 -112.6%
EPS (Basic) (Q) — — —
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EPS (Basic) -2.29 -1.13 -102.7%
EPS (Diluted) (Q) — — —
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EPS (Diluted) -2.29 -1.13 -102.7%
Wtd Avg Shares (Basic) (Q) — — —
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Wtd Avg Shares (Basic) 198,098,047 188,145,904 +5.3%
Wtd Avg Shares (Diluted) (Q) — — —
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Wtd Avg Shares (Diluted) 198,098,047 188,145,904 +5.3%
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax (Q) — — —
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Accumulated Other Comprehensive Income -3,851 386 -1097.7%
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Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax -3,851 386 -1097.7%
Comprehensive Income (Q) — — —
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Comprehensive Income -457,667 -213,030 -114.8%
Net Income Loss Available To Common Stockholders Basic (Q) — — —
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Net Income Loss Available To Common Stockholders Basic -453,816 -213,416 -112.6%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents (Q) — — —
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Cash & Cash Equivalents 440,939 333,554 +32.2%
Marketable Securities (Current) (Q) — — —
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Marketable Securities (Current) 1,467,145 1,769,121 -17.1%
Prepaid Expenses & Other Current Assets (Q) — — —
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Prepaid Expenses & Other Current Assets 59,829 31,907 +87.5%
Total Current Assets (Q) — — —
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Total Current Assets 1,967,913 2,134,582 -7.8%
Non-Current Assets
Property, Plant & Equipment (Q) — — —
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Property, Plant & Equipment 31,475 27,153 +15.9%
Operating Lease Right-of-Use Assets (Q) — — —
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Operating Lease Right-of-Use Assets 129,895 115,777 +12.2%
Goodwill (Q) — — —
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Goodwill 14,608 14,608 0.0%
Restricted Cash Noncurrent (Q) — — —
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Restricted Cash Noncurrent 4,858 3,698 +31.4%
Deposits Assets Noncurrent (Q) — — —
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Deposits Assets Noncurrent 34,709 — —
Other Non-Current Assets (Q) — — —
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Other Non-Current Assets 14,479 13,132 +10.3%
Total Assets (Q) — — —
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Total Assets 2,253,737 2,365,353 -4.7%
Other Assets
Intangible Assets Net Excluding Goodwill (Q) — — —
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Intangible Assets Net Excluding Goodwill 55,800 56,403 -1.1%
Current Liabilities
Accounts Payable (Q) — — —
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Accounts Payable 80,538 47,507 +69.5%
Accrued Expenses And Other Current Liabilities (Q) — — —
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Accrued Expenses And Other Current Liabilities 192,451 98,113 +96.2%
Operating Lease Liability Current (Q) — — —
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Operating Lease Liability Current 16,610 12,979 +28.0%
Total Current Liabilities (Q) — — —
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Total Current Liabilities 289,599 158,599 +82.6%
Accrued Liabilities (Q) — — —
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Accrued Liabilities 5 — —
Non-Current Liabilities
Deferred Tax Liabilities (Q) — — —
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Deferred Tax Liabilities 2,353 2,353 0.0%
Operating Lease Liabilities (Q) — — —
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Operating Lease Liabilities 140,019 121,363 +15.4%
Accrued Royalties Current And Noncurrent (Q) — — —
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Accrued Royalties Current And Noncurrent 280,643 — —
Other Non-Current Liabilities (Q) — — —
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Other Non-Current Liabilities 6,879 4,138 +66.2%
Total Liabilities (Q) — — —
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Total Liabilities 753,820 287,203 +162.5%
Other Liabilities
Warrant Liability (Q) — — —
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Warrant Liability 34,327 750 +4476.9%
Stockholders' Equity
Common Stock (Q) — — —
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Common Stock 19 18 +5.6%
Additional Paid In Capital Common Stock (Q) — — —
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Additional Paid In Capital Common Stock 4,823,438 4,027,642 +19.8%
Accumulated Other Comprehensive Income (Q) — — —
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Accumulated Other Comprehensive Income -622 1,707 -136.4%
Retained Earnings (Q) — — —
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Retained Earnings -3,322,918 -1,951,217 -70.3%
Total Stockholders' Equity (Q) — — —
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Accumulated Other Comprehensive Income -622 1,707 -136.4%
Additional Paid In Capital 4,823,438 4,027,642 +19.8%
Common Stock 19 18 +5.6%
Retained Earnings -3,322,918 -1,951,217 -70.3%
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Total Stockholders' Equity 1,499,917 2,078,150 -27.8%
Total Liabilities & Equity (Q) — — —
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Total Liabilities & Equity 2,253,737 2,365,353 -4.7%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income (Q) — — —
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Net Income -453,816 -213,416 -112.6%
Stock-Based Compensation (Q) — — —
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Stock-Based Compensation 87,299 25,084 +248.0%
Depreciation Amortization And Accretion Net (Q) — — —
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Depreciation Amortization And Accretion Net 2,346 1,692 +38.7%
Paid In Kind Interest (Q) — — —
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Paid In Kind Interest 12,197 — —
Accretion Amortization Of Discounts And Premiums Investments (Q) — — —
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Accretion Amortization Of Discounts And Premiums Investments -3,223 -9,817 +67.2%
Operating Lease Right Of Use Asset Amortization Expense (Q) — — —
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Operating Lease Right Of Use Asset Amortization Expense 2,189 1,757 +24.6%
Change in Prepaid & Other Assets (Q) — — —
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Change in Prepaid & Other Assets -10,471 6,426 -262.9%
Change in Accounts Payable (Q) — — —
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Change in Accounts Payable 16,857 -8,270 +303.8%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities (Q) — — —
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Increase Decrease In Accrued Liabilities And Other Operating Liabilities -16,739 1,549 -1180.6%
Increase Decrease In Operating Lease Liability (Q) — — —
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Increase Decrease In Operating Lease Liability -2,073 -1,501 -38.1%
Increase Decrease In Deposit Other Assets (Q) — — —
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Increase Decrease In Deposit Other Assets -10,561 565 -1969.2%
Increase Decrease In Other Prepaid And Noncurrent Assets (Q) — — —
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Increase Decrease In Other Prepaid And Noncurrent Assets 378 200 +89.0%
Change in Other Liabilities (Q) — — —
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Change in Other Liabilities 5,664 3,468 +63.3%
Net Cash from Operations (Q) — — —
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Net Cash from Operations -354,165 -194,435 -82.2%
Investing Activities
Payments To Acquire Marketable Securities (Q) — — —
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Payments To Acquire Marketable Securities -209,733 -510,036 +58.9%
Proceeds From Maturity Of Marketable Securities (Q) — — —
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Proceeds From Maturity Of Marketable Securities 383,886 497,353 -22.8%
Capital Expenditures (Q) — — —
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Capital Expenditures -1,538 -3,266 +52.9%
Net Cash from Investing (Q) — — —
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Net Cash from Investing 172,615 -15,949 +1182.3%
Financing Activities
Proceeds From Issuance Of Common Stock From At The Market Offering (Q) — — —
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Proceeds From Issuance Of Common Stock From At The Market Offering 226,730 — —
Proceeds From Stock Plans (Q) — — —
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Proceeds From Stock Plans 12,209 891 +1270.3%
Proceeds From Warrant Exercises (Q) — — —
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Proceeds From Warrant Exercises 57 1 +5600.0%
Payments Of Deferred Offering Costs (Q) — — —
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Payments Of Deferred Offering Costs -252 -18 -1300.0%
Net Cash from Financing (Q) — — —
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Net Cash from Financing 238,744 874 +27216.2%
Amortization of Financing Costs (Q) — — —
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Amortization of Financing Costs 237 — —
Supplemental
Unpaid Capital Expenditures (Q) — — —
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Unpaid Capital Expenditures 786 2,785 -71.8%
Other Cash Flow
Net Change in Cash (Q) — — —
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Net Change in Cash 57,194 -209,510 +127.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations 445,797 337,252 +32.2%
Restricted Cash (Q) — — —
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Restricted Cash 4,858 3,698 +31.4%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents (Q) — — —
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Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 445,797 337,252 +32.2%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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