Revolution Medicines, Inc. income statement
In fiscal 2025, Revolution Medicines, Inc. reported revenue of $0 and net income of −$1.13bn, or −$5.95 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 20 | 50 | 43 | 29 | 35 | 12 | 0 | 0 |
| Research and development | 51 | 92 | 132 | 187 | 253 | 423 | 592 | 987 |
| General and administrative | 9 | 12 | 21 | 30 | 41 | 76 | 97 | 195 |
| Operating income | −40 | −54 | −111 | −188 | −258 | −487 | −690 | −1,182 |
| Interest expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 24 |
| Income before tax | −42 | −52 | −109 | −187 | −249 | −440 | −601 | −1,131 |
| Income tax | — | −4 | −0 | 0 | −0 | −4 | −1 | 0 |
| Net income | −42 | −48 | −108 | −187 | −249 | −436 | −600 | −1,131 |
| Diluted EPS | −$1.06 | −$1.12 | −$2.01 | −$2.57 | −$3.08 | −$3.86 | −$3.58 | −$5.95 |
| Diluted shares (average) | 46m | 55m | 55m | 73m | 81m | 113m | 168m | 190m |
| EBITDA | −39 | −52 | −108 | −185 | −254 | −482 | −683 | −1,175 |
| Quarter | 2023 Q1Mar 2023 | 2023 Q2Jun 2023 | 2023 Q3Sept 2023 | 2023 Q4Dec 2023 | 2024 Q1Mar 2024 | 2024 Q2Jun 2024 | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7 | 4 | 0 | 1 | 0 | 0 | 0 | 0 |
| Research and development | 69 | 98 | 108 | 148 | 118 | 135 | 152 | 188 |
| General and administrative | 13 | 15 | 16 | 32 | 23 | 22 | 24 | 28 |
| Operating income | −75 | −109 | −123 | −180 | −141 | −157 | −176 | −216 |
| Interest expense | — | — | — | — | — | — | 0 | 0 |
| Income before tax | −68 | −98 | −112 | −161 | −116 | −133 | −156 | −195 |
| Income tax | 0 | 0 | −4 | 0 | 0 | 0 | 0 | −1 |
| Net income | −68 | −98 | −108 | −162 | −116 | −133 | −156 | −195 |
| Diluted EPS | −$0.72 | −$0.92 | −$0.99 | −$1.21 | −$0.70 | −$0.81 | −$0.94 | −$1.13 |
| EBITDA | −74 | −108 | −122 | −179 | −139 | −155 | −174 | −215 |
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