NASDAQ$RVMD
REVOLUTION Medicines Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported third quarter financial results and provided an update on corporate progress.
Revolution Medicines announced its financial results for the quarter ended September 30, 2023. Promising clinical data for RMC-6236 and RMC-6291 was presented at AACR-NCI-EORTC and ESMO Meetings. The acquisition of EQRx, Inc. is expected to close later this month.
- Presented promising anti-tumor activity data for RMC-6236, a RASMULTI(ON) Inhibitor, in patients with NSCLC or PDAC harboring KRASG12X mutations.
- Presented encouraging anti-tumor activity data for RMC-6291, a mutant-selective RASG12C(ON) Inhibitor, in patients with advanced solid tumors harboring KRASG12C mutations.
- Announced that Institutional Shareholder Services Inc. and Glass Lewis & Co. recommended Revolution Medicines stockholders vote “FOR” the issuance of Revolution Medicines shares in the previously announced all-stock acquisition of EQRx, Inc.
- Updated its projected full year 2023 GAAP net loss to be between $385 and $415 million.
Headline financials
Revenue & EPS history
Revolution Medicines · Revenue · Quarterly
$0
Forward guidance
Revolution Medicines is updating its projected full year 2023 GAAP net loss to be between $385 and $415 million, which includes estimated non-cash stock-based compensation expense of $45 million and $50 million. Based on the company’s current operating plan, the company projects current cash, cash equivalents and investments can fund planned operations into 2025. The Company’s financial guidance excludes the financial impact of the proposed EQRx transaction.
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 Q3 2023
+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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