Pulling SEC filings + quote and writing the call…
Pulling SEC filings + quote and writing the call…

Revolution Medicines, Inc.
Next earnings Aug 4, 2026 (after close) · consensus $-1.99 EPS, $19.5M rev
Last earnings +2.6% on 2026-05-06
Pre-revenue RAS-cancer bet with real FDA breakthrough tags, but ~$900M annual burn and a ~$32B price make it a speculative avoid.
Revolution Medicines is, in its own words, "a clinical-stage precision oncology company with a limited operating history and no products approved for commercial sale." The financials confirm it: product revenue was $0.00 in both FY2024 and FY2025, the net loss widened to -$1.13B (from -$600M), and the accumulated deficit now stands at -$2.87B. R&D spending jumped 66.7% to $987M as the company pushes its RAS(ON) pipeline forward. There is no fundamentals-based valuation case here — diluted EPS is -$5.95 and ROE is -69.3% by design. This is a binary clinical bet, not a profitable business.
Sources: SEC EDGAR (CIK 0001628171, latest 10-Q filed 2026-05-06) · EODHD · analysis by claude-code · as of 6/20/2026, 12:23:55 AM.
Research and education only — not financial advice. Calls are generated from SEC filings and a delayed/third-party price feed, may be wrong or out of date, and are not a recommendation to buy or sell any security. Do your own research.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $29.4M | $35.4M | $11.6M | $0.00 | $0.00 |
| Gross profit | — | — | — | — | — |
| Operating income | -$188M | -$258M | -$487M | -$690M | -$1.18B |
| Net income | -$187M | -$249M | -$436M | -$600M | -$1.13B |
| Diluted EPS | -$2.57 | -$3.08 | -$3.86 | -$3.58 | -$5.95 |
| Net margin | -636.6% | -703.0% | -3768.3% | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Q1 2026 10-Q: ongoing operating losses funded by cash and new financing
Q1 2026 10-Q: ongoing operating losses funded by cash and new financing
Annual proxy: routine board, say-on-pay and auditor ratification votes
Closed convertible notes financing; new debt obligation boosts cash runway
Priced convertible senior notes offering; secures funding, adds dilution risk
Announced proposed convertible notes offering — capital raise, possible dilution
FY2025 10-K: net loss ~$1.1B but 3 FDA Breakthrough designations + CNPV voucher
FY2025 10-K: net loss ~$1.1B but 3 FDA Breakthrough designations + CNPV voucher
1482 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.
Last 90 days: 0 open-market buys · 17 sales
| 2026-06-17 | Horn Margaret A Chief Operating Officer | Exercise | 573.00 @ $40.74 | $23.3K |
| 2026-06-17 | Horn Margaret A Chief Operating Officer | Exercise | 3.30K @ $29.80 | $98.4K |
| 2026-06-17 | Horn Margaret A Chief Operating Officer | Exercise | 25.7K @ $26.50 | $682K |
| 2026-06-17 | Horn Margaret A Chief Operating Officer | Sell | 29.6K @ $160.12 | $4.74M |
| 2026-06-16 | Mancini Anthony See Remarks | Sell | 4.62K @ $156.12 | $720K |
| 2026-06-16 | GOLDSMITH MARK A See Remarks | Sell | 10.0K @ $156.12 | $1.56M |
| 2026-06-16 | Cislini Jeff General Counsel | Sell | 2.16K @ $156.12 | $337K |
| 2026-06-16 | Anders Jack Chief Financial Officer | Sell | 2.72K @ $156.12 | $425K |
| 2026-06-16 | Kelsey Stephen Michael See Remarks | Sell | 4.17K @ $156.12 | $652K |
| 2026-06-15 | Horn Margaret A Chief Operating Officer | Exercise | 15.5K @ $40.74 | $633K |
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| 2026-06-15 | Horn Margaret A Chief Operating Officer | Sell | 60.4K @ $160.17 | $9.67M |