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RVMD · Revolution Medicines, Inc.

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$172.29 -4.06 (-2.30%) At close · Nov 13
Market Cap
$37.27B
Shares
216.29M
Volume · Nov 13 2.65M Avg daily vol (3M) 2.16M

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$172.29 Open$176.02 Day$168.62–176.06 52W close$64.38–221.15 Avg vol 30d2.3M Short int13.1M · 6.0% of shares · 7.8d Short vol61% Last earningsNov 4, 2026 DataFeb 2020–Nov 2026 Filing10-Q · Nov 4

Up next

Feb 24, 2027 Est · unconfirmed · in 14 wks

Latest documents

2026
Nov 4
Earnings call
RAS on Q generated $197.6 million in launch revenue

Revolution Medicines reported $197.6 million in RAS on Q net product revenue during the quarter, with more than 5,000 patients treated during five weeks of commercialization. It ended the quarter with $3.7 billion in cash, cash equivalents, and marketable securities.

5 source passages
The third quarter marked a transformational period for Revolution Medicines. RAS on Q generated net product revenue of $197.6 million during the quarter. RazonQ generated net product revenue of $198 million for the quarter, reflecting more than 5,000 unique patients treated on a commercial basis. With only five weeks of commercialization activity, it's too early to draw conclusions about the normalized trajectory of the launch. We ended the third quarter with $3.7 billion in cash, cash equivalents, and marketable securities. Open the document at this passage
Nov 4
Quarterly report 10-Q FY2026 Q3, ended Sep 30
RASONQUE launch generates $197.6 million in revenue

Revolution Medicines began selling RASONQUE after FDA approval in August 2026, generating $197.6 million in net product revenue for the three and nine months ended September 30, 2026. Revenue included initial channel stocking.

Revenue $197.56M Net loss $407.46M Diluted EPS -$1.90
Read from the MD&A section
3 source passages
We commenced sales of RASONQUE following FDA approval in August 2026 and did not record product revenue in any period prior to the third quarter of 2026. Product revenue, net relates to sales of RASONQUE and was $197.6 million for the three and nine months ended September 30, 2026. Our product revenue for the three and nine months ended September 30, 2026 reflects both patient demand and initial stocking of product in the distribution channel. Open the document at this passage
Nov 4
Current report 8-K
RASONQUE launches with $197.6 million quarterly revenue

Revolution Medicines reported $197.6 million in RASONQUE net product revenue for the quarter ended September 30, 2026. Cash totaled $3.7 billion, net loss was $407.5 million, and a positive CHMP opinion advanced possible European Union approval.

Financial results
5 source passages
Revolution Medicines, Inc. (Nasdaq: RVMD), a global, commercial-stage oncology company dedicated to discovering, developing and delivering innovative medicines for patients with RAS-addicted cancers, today announced its financial results for the quarter ended September 30, 2026, and provided an update on corporate progress. Net Product Revenue: RASONQUE net product revenue was $197.6 million for the quarter ended September 30, 2026, reflecting approximately five weeks of commercial availability following U.S. FDA approval on August 26, 2026, and initial stocking of product in the channel. Cash Position: Cash, cash equivalents and marketable securities were $3.7 billion as of September 30, 2026. Net Loss: Net loss was $407.5 million for the quarter ended September 30, 2026, compared to net loss of $305.2 million for the quarter ended September 30, 2025. In October, the company announced that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency adopted a positive opinion recommending approval of daraxonrasib as a monotherapy indicated for the treatment of adult patients with metastatic pancreatic adenocarcinoma who have received at least one prior systemic therapy, marking a major step toward bringing the medicine to eligible patients in the European Union. Open the document at this passage
Oct 13
Current report 8-K Events of Oct 8
New debt or off-balance-sheet obligation, Other events

Following FDA approval of RASONQUE™ (daraxonrasib), Revolution Medicines, Inc. borrowed a $250.0 million Tranche A Loan, paid a $5.0 million draw fee, and declined a potential $250.0 million Tranche 3 payment.

All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$197.56M
Trailing 12 months
Net income (TTM)
−$1.87B
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-3.9%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
$3.65B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+13.6%
Year over year · more shares
Price change (1Y)
+167.6%
Trailing year
Short interest
6.0%
Latest settlement · 7.8 days to cover
View all 125 metrics

Equibles Rating

blended score · not investment advice
Overall
Sell
SellHoldBuy
Technical Neutral Momentum Strong Sentiment Neutral Fundamentals Poor Quant / Vol Very High
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg +8%
above
Price vs 50-day avg −11%
below
RSI (14) 40
neutral
MACD trend Negative
52-week position 69%
mid-range
Volume (OBV) Confirms
volume backs price
Momentum
relative strength
Strong
1-month return −3%
trailing
6-month return +11%
trailing
YTD return +116%
this year
Relative strength +11%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $194 › 200d $160 — 50d above 200d
Institutional flow Accumulating
628 of 711 funds reported for Sep 30 · net +20.9M sh shares · +123 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
6.05% of shares out · ▲ +1.1% MoM · 7.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
711 holders — near 3-yr high, broad support
Squeeze score 64
elevated · 0–100
Fundamentals
Poor
EPS growth −66%
Y/Y
Free cash flow $-913.7M
Quant / Vol
risk profile
Very High
Volatility 69%
annualized · 1-yr
Max drawdown −25%
past year
ATR 5.8%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Latest guidance · from the Earnings Call filed Aug 5, 2026
GAAP operating expenses · full-year 2026 GAAP Raised $2.1B – $2.2B
May 6, 2026 $1.7B – $1.8B changed to Aug 5, 2026 $2.1B – $2.2B

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
2 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
+8% Bullish
Price vs 50-day avg
−11% Bearish
RSI (14)
40 Neutral
MACD trend
Negative Bearish
52-week position
69% Neutral
Volume (OBV)
Confirms Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $194 › 200d $160 — 50d above 200d
Institutional flow Accumulating
628 of 711 funds reported for Sep 30 · net +20.9M sh shares · +123 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
6.05% of shares out · ▲ +1.1% MoM · 7.8 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
711 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $64 Now $172 · 69% Range high $221
vs 200-day avg +8% vs 50-day avg -11%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
aggregate principal amount of 0.50% convertible senior notes due 2033 issued $500M April 2026 —
committed, flexible capital remaining under Royalty Pharma funding arrangements 1.5B Q2 2026 —
confirmed overall response rate (ORR) for elironrasib plus standard of care in first-line RAS G1 85% Q2 2026 data cutoff May 11, 2026 —
disease control rate (DCR) for elironrasib plus standard of care in first-line RAS G12C NSCLC 97% Q2 2026 data cutoff May 11, 2026 —
disease control rate (DCR) for zoldonrasib plus standard of care in first-line RAS G12D NSCLC 100% Q2 2026 data cutoff May 11, 2026 —
efficacy evaluable patients in zoldonrasib plus standard of care NSCLC combination analysis 28 Q2 2026 data cutoff May 11, 2026 —
gross proceeds from April 2026 concurrent public offerings $2.23B April 2026 —
non-cash charge related to change in fair value of EQRx warrants $151M Q2 2026 —
overall response rate (ORR) for zoldonrasib plus standard of care in first-line RAS G12D NSCLC 82% Q2 2026 data cutoff May 11, 2026 —
patients analyzed in zoldonrasib plus standard of care NSCLC combination analysis 38 Q2 2026 data cutoff May 11, 2026 —
patients receiving daraxonrasib through Expanded Access Program 2,000 since opening of the Expanded Access Program through Q2 2026 —
progression-free rate at 6 months for elironrasib plus standard of care in first-line RAS G12C N 95% Q2 2026 data cutoff May 11, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Biotechnology — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
RVMD
Revolution Medicines, Inc.
this stock
$37.27B +116.3% — — 6.0%
VRTX
Vertex Pharmaceuticals Inc
$136.56B +18.8% +46.2% 34.7 1.9%
REGN
Regeneron Pharmaceuticals, Inc.
$98.84B +23.8% +20.8% 21.1 2.1%
MRNA
Moderna, Inc.
$90.38B +657.4% +4.3% — 8.2%
CSLLY
Csl Ltd
$66.05B — — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
790
% held
115.7%
Reported
628 of 711
Top holder
FMR LLC
Held Float
View
Held by Funds
Fund positions
539
View
Short & Settlement
Short Interest Rising
Shares short
13.1M
Days to cover
7.8d
Change
+144.2K sh
View
Short Volume
Short vol %
61%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
445
Value
$91.6K
As of
Oct 2, 2026
View
Off-Exchange
Off-exchange %
49.7%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$0
Net income (FY)
$-1.1B
EPS diluted
$-5.95
View
Filings
SEC Filings
Latest
10-Q
Filed
Nov 4, 2026
This year
19

Revolution Medicines began selling RASONQUE after FDA approval in August 2026, generating $197.6 million in net product revenue for the three and nine months ended September 30, 2026. Revenue included initial channel stocking.

View
Proposed Sales
Value
$6.9M
Shares
35.8K
Filed
Nov 12, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 16, 2026
Last webcast
Nov 10, 2026
View
Investor Relations
Latest news
Revolution Medicines Reports Thir…
Published
Nov 4, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
RVMD -10.4% -3.2% +11.2% -9.9% +116.3%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY -13.0% -2.0% +10.7% -9.8% +105.7%
Key facts CIK 1628171 CUSIP 76155X100 13F (30d) 560 filings 520 filers Visit website Investor relations