NASDAQ$RVMD
REVOLUTION Medicines Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Revolution Medicines reported Q1 2026 with no product revenue, net loss of $453.8M, and diluted loss per share of $2.29.
For the period ended 2026-03-31, Revolution Medicines reported no product revenue. Pre-commercial biotech; no product revenue. Net loss $(453.8)M on R&D $344M and G&A $101M. RAS(ON) inhibitor pipeline for oncology. Clinical-stage company; cash runway and trial milestones discussed, not revenue guidance.
- Pre-commercial biotech; no product revenue.
- Net loss $(453.8)M on R&D $344M and G&A $101M.
- RAS(ON) inhibitor pipeline for oncology.
Headline financials
Revenue & EPS history
Revolution Medicines · Revenue · Quarterly
$1.19M
Forward guidance
Clinical-stage company; cash runway and trial milestones discussed, not revenue guidance.
Tailwinds
- Large cash balance supports multi-year R&D.
- Interest income offsets burn modestly.
- Pipeline progress in RAS-targeted therapies.
Headwinds
- No revenue; widening loss YoY.
- Dilution risk from equity financing.
- Clinical and regulatory execution risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+6.7%
Avg return
30 days after
42%
11 / 26 earnings
Positive
+11.7%
Q3 2020
Best reaction
-11.7%
Q2 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.6% | -2.1% | +1.4% | |
| Q4 2025 | -0.9% | -2.7% | -10.4% | |
| Q3 2025 | +3.5% | +8.0% | +34.2% | |
| Q2 2025 | -4.7% | -3.8% | +10.4% | |
| Q1 2025 | +11.4% | +6.1% | +9.1% | |
| Q4 2024 | -3.5% | -6.3% | -7.8% | |
| Q3 2024 | +4.1% | +6.8% | -15.3% | |
| Q2 2024 | -3.0% | -0.7% | -3.3% | |
| Q1 2024 | -3.7% | -4.4% | +3.8% | |
| Q4 2023 | +3.0% | +0.2% | +6.7% | |
| Q3 2023 | -3.0% | -11.1% | +8.2% | |
| Q2 2023 | -0.1% | +1.2% | +8.3% | |
| Q1 2023 | +3.5% | +6.3% | +10.6% | |
| Q4 2022 | +10.0% | +4.6% | -11.5% | |
| Q3 2022 | -4.1% | +8.1% | +17.8% | |
| Q2 2022 | +0.5% | +4.2% | -11.1% | |
| Q1 2022 | -6.4% | -7.8% | +15.4% | |
| Q4 2021 | -6.4% | -12.7% | +29.1% | |
| Q3 2021 | -1.7% | -2.5% | -24.4% | |
| Q2 2021 | -11.7% | -5.6% | +9.7% | |
| Q1 2021 | +7.1% | +8.2% | +10.7% | |
| Q4 2020 | -9.2% | -1.1% | +1.8% | |
| Q3 2020 | +11.7% | +10.7% | +17.4% | |
| Q2 2020 | +6.9% | -3.8% | +8.3% | |
| Q1 2020 | -1.3% | +0.8% | +4.9% | |
| Q4 2019 | -2.5% | +4.2% | +49.6% | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — |
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