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Revolution Medicines (RVMD) Q3 2026 earnings results (third quarter 2026)

10-Q filed Nov 4, 2026

Revolution Medicines (RVMD) reported revenue of $198M for the third quarter 2026 (Q3 2026). Operating margin was -188.9%, net loss $407M (206.2% of revenue).

Revenue$198M
Year over year—
Quarter over quarter—
Operating margin-188.9%
Net earnings−$407M

Revolution Medicines, Q3 2026: revenue $198M, operating margin -188.9%, net loss $407M, operating cash flow −$416M. The chart follows the revenue to costs, profit and cash.

Q3 2026AmountQ/QY/Y
Revenue$198M——
Operating profit−$373M——
Net earnings−$407M——
Operating cash flow−$416M——

What changed

Revenue was $197.6M in Q3 2026.

Operating costs exceeded revenue by $373.1M, an operating margin of -188.9%. The quarter ended with a net loss of $407.5M.

Operating cash flow was −$415.6M. Non-cash charges added back $2.6M of depreciation and amortization and $62.6M of share-based compensation. Working capital and other items used $73.5M. Capital expenditures of $3.7M exceeded it, leaving free cash flow of −$419.3M.

Questions

What was Revolution Medicines' revenue in the third quarter 2026?

Revolution Medicines (RVMD) reported revenue of $198M for the third quarter 2026 (Q3 2026).

Was Revolution Medicines profitable in the third quarter 2026?

Operating loss was $373M (-188.9% of revenue) and net loss $407M.

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Source: Revolution Medicines 10-Q on SEC EDGAR.