Revolution Medicines, Inc. RVMD
We are a clinical-stage precision oncology company developing novel targeted therapies for RAS-addicted cancers. We possess sophisticated structure-based drug discovery capabilities built upon deep chemical biology and cancer pharmacology know-how and innovative, proprietary technologies that enable the creation of small molecules tailored to unconventional binding sites. Guided by our understanding of genetic drivers and adaptive resistance mechanisms in cancer, we deploy precision medicine approaches to inform innovative monotherapy and combination regimens. Our research and development pipeline comprises inhibitors that bind directly to RAS variants (RAS(ON) Inhibitors) that are designed to be used as monotherapy, in combination with other RAS(ON) Inhibitors and/or other therapeutic agents.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $11.6M | $35.4M | $29.4M | $43.0M | $50.0M | $20.2M | — |
| R&D | $987.3M | $592.2M | $423.1M | $253.1M | $186.9M | $132.3M | $91.8M | $51.1M | — |
| SG&A | $195.0M | $97.3M | $75.6M | $40.6M | $30.4M | $21.4M | $12.4M | $9.4M | — |
| Total operating expenses | $1.18B | $689.5M | $498.8M | $293.7M | $217.4M | $153.7M | $104.2M | $60.5M | — |
| Operating income | -$1.18B | -$689.5M | -$487.2M | -$258.3M | -$188.0M | -$110.7M | -$54.1M | -$40.3M | — |
| Interest expense | $24.2M | $0 | $0 | $0 | $12.0K | $71.0K | $106.0K | $116.0K | — |
| Pre-tax income | -$1.13B | -$600.8M | -$439.9M | -$249.1M | -$187.1M | -$108.5M | -$52.0M | -$41.8M | — |
| Income tax | $0 | $753.0K | $3.5M | $420.0K | $0 | $371.0K | $4.4M | — | — |
| Net income | -$1.13B | -$600.0M | -$436.0M | -$249.0M | -$187.0M | -$108.2M | -$47.7M | -$41.8M | — |
| EPS, basic | -5.95 | -3.58 | -3.86 | -3.08 | -2.57 | -2.01 | — | — | — |
| EPS, diluted | -5.95 | -3.58 | -3.86 | -3.08 | -2.57 | -2.01 | -22.33 | -21.24 | — |
| Shares, diluted (wtd. avg.) | 190.1M | 167.7M | 113.1M | 80.6M | 72.8M | 54.9M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $383.7M | $543.1M | $696.1M | $161.4M | $108.5M | $104.3M | $16.7M | $69.6M | — |
| Short-term investments | $1.64B | $1.75B | $1.16B | $483.5M | $468.6M | $336.5M | $106.1M | — | — |
| Total current assets | $2.08B | $2.33B | $1.88B | $660.2M | $589.8M | $454.1M | $134.0M | — | — |
| Property, plant and equipment | $33.2M | $24.3M | $22.9M | $18.7M | $11.5M | $8.9M | $7.1M | — | — |
| Goodwill | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | $14.6M | — | — |
| Other intangibles | $55.8M | $56.7M | $57.7M | $58.8M | $59.9M | $60.9M | $62.0M | — | — |
| Total assets | $2.35B | $2.56B | $2.06B | $811.9M | $738.0M | $567.4M | $220.5M | — | — |
| Accounts payable | $64.6M | $54.4M | $61.8M | $21.3M | $14.1M | $12.6M | $11.4M | — | — |
| Total current liabilities | $290.4M | $163.9M | $143.9M | $62.0M | $60.4M | $47.2M | $43.1M | — | — |
| Total liabilities | $723.2M | $293.1M | $235.5M | $126.7M | $135.4M | $92.7M | $68.0M | — | — |
| Retained earnings | -$2.87B | -$1.74B | -$1.14B | -$701.3M | -$452.6M | -$265.5M | -$157.4M | — | — |
| Total equity | $1.63B | $2.27B | $1.83B | $685.2M | $602.6M | $474.7M | -$152.6M | -$108.4M | -$67.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$897.7M | -$557.4M | -$350.6M | -$224.4M | -$147.2M | -$100.1M | -$49.6M | $1.2M | — |
| Depreciation and amortisation | $7.8M | $6.6M | $5.0M | $4.0M | $3.1M | $2.6M | $2.3M | $1.6M | — |
| Stock-based compensation | $118.4M | $79.2M | $61.8M | $31.2M | $20.7M | $8.9M | $3.2M | $855.0K | — |
| Capital expenditure | $16.0M | $10.3M | $7.7M | $10.8M | $6.5M | $2.9M | $2.6M | $1.5M | — |
| Investing cash flow | $118.1M | -$554.4M | -$342.6M | -$24.1M | -$142.1M | -$234.2M | -$102.0M | -$1.3M | — |
| Financing cash flow | $621.5M | $959.4M | $1.23B | $301.4M | $294.2M | $422.8M | $98.7M | $60.8M | — |
| Dividends paid | — | — | — | — | — | $0 | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-182453.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | $20.2M | $50.0M | $43.0M | $29.4M | $35.4M | $11.6M | $0 | $0 |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Net income | — | -$41.8M | -$47.7M | -$108.2M | -$187.0M | -$249.0M | -$436.0M | -$600.0M | -$1.13B |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Material agreement signed Item 1.01
- New debt or obligation Item 2.03
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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