$RVMD
Revolution Medicines Inc

2022 Q4 Form 10-Q Financial Statement

#000095017022022590 Filed on November 07, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $15.33M $3.356M $1.101M
YoY Change 62.05% 204.81% -91.3%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $10.91M $10.43M $7.791M
YoY Change 25.52% 33.92% 45.9%
% of Gross Profit
Research & Development $66.13M $69.46M $46.47M
YoY Change 23.19% 49.45% 33.28%
% of Gross Profit
Depreciation & Amortization $1.417M $1.258M $1.060M
YoY Change 30.84% 18.68% 12.77%
% of Gross Profit
Operating Expenses $77.04M $79.89M $54.26M
YoY Change 23.51% 47.22% 34.95%
Operating Profit -$76.53M -$53.16M
YoY Change 43.96%
Interest Expense $5.077M $0.00 $223.0K
YoY Change 2042.19% -100.0% -32.42%
% of Operating Profit
Other Income/Expense, Net $2.907M $223.0K
YoY Change 1203.59%
Pretax Income -$56.63M -$73.63M -$52.94M
YoY Change 7.51% 39.07% 94.49%
Income Tax -$123.0K -$297.0K $0.00
% Of Pretax Income
Net Earnings -$56.51M -$73.33M -$52.94M
YoY Change 7.27% 38.51% 94.48%
Net Earnings / Revenue -368.6% -2185.01% -4808.36%
Basic Earnings Per Share -$0.87 -$0.72
Diluted Earnings Per Share -$0.63 -$0.87 -$719.9K
COMMON SHARES
Basic Shares Outstanding 88.79M 84.69M 73.54M
Diluted Shares Outstanding 84.69M 73.54M

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $644.9M $655.0M $608.7M
YoY Change 11.76% 7.62% 30.58%
Cash & Equivalents $161.4M $178.9M $129.2M
Short-Term Investments $483.5M $476.1M $479.5M
Other Short-Term Assets $10.57M $15.16M $7.469M
YoY Change 55.66% 102.91% -0.41%
Inventory
Prepaid Expenses
Receivables $4.673M $4.940M $7.412M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $660.2M $675.1M $623.5M
YoY Change 11.94% 8.27% 29.12%
LONG-TERM ASSETS
Property, Plant & Equipment $18.66M $18.27M $10.11M
YoY Change 61.63% 80.74% -71.29%
Goodwill $14.61M $14.61M $14.61M
YoY Change 0.0% 0.0%
Intangibles $58.81M $59.08M $60.14M
YoY Change -1.79% -1.78%
Long-Term Investments
YoY Change
Other Assets $2.857M $856.0K $1.348M
YoY Change 276.91% -36.5% 22.55%
Total Long-Term Assets $151.7M $150.8M $111.4M
YoY Change 2.38% 35.32% -0.68%
TOTAL ASSETS
Total Short-Term Assets $660.2M $675.1M $623.5M
Total Long-Term Assets $151.7M $150.8M $111.4M
Total Assets $811.9M $825.9M $735.0M
YoY Change 10.02% 12.37% 23.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.31M $24.38M $10.49M
YoY Change 51.57% 132.41% 56.58%
Accrued Expenses $35.71M $38.72M $28.61M
YoY Change 6.22% 35.32% 27.16%
Deferred Revenue $4.459M $9.686M
YoY Change -63.92%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $61.98M $73.27M $51.89M
YoY Change 2.71% 41.2% 22.38%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $301.0K $471.0K $37.44M
YoY Change -52.52% -98.74% -7.56%
Total Long-Term Liabilities $301.0K $471.0K $37.44M
YoY Change -52.52% -98.74% -7.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $61.98M $73.27M $51.89M
Total Long-Term Liabilities $301.0K $471.0K $37.44M
Total Liabilities $126.7M $144.5M $96.77M
YoY Change -6.41% 49.31% 7.52%
SHAREHOLDERS EQUITY
Retained Earnings -$701.3M -$644.8M -$400.0M
YoY Change 54.94% 61.2%
Common Stock $1.388B $1.329B
YoY Change 31.52%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $685.2M $681.4M $638.2M
YoY Change
Total Liabilities & Shareholders Equity $811.9M $825.9M $735.0M
YoY Change 10.02% 12.37% 23.5%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$56.51M -$73.33M -$52.94M
YoY Change 7.27% 38.51% 94.48%
Depreciation, Depletion And Amortization $1.417M $1.258M $1.060M
YoY Change 30.84% 18.68% 12.77%
Cash From Operating Activities -$61.79M -$51.74M -$36.59M
YoY Change 57.36% 41.4% 35.41%
INVESTING ACTIVITIES
Capital Expenditures $2.876M -$3.525M -$454.0K
YoY Change -343.11% 676.43% -33.24%
Acquisitions
YoY Change
Other Investing Activities -$4.228M -$119.9M -$29.72M
YoY Change -143.52% 303.44% -70.36%
Cash From Investing Activities -$7.104M -$123.4M -$30.18M
YoY Change -183.25% 309.05% -70.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 51.36M 248.3M 319.0K
YoY Change 378.78% 77747.96% -99.81%
NET CHANGE
Cash From Operating Activities -61.79M -51.74M -36.59M
Cash From Investing Activities -7.104M -123.4M -30.18M
Cash From Financing Activities 51.36M 248.3M 319.0K
Net Change In Cash -17.53M 73.16M -66.45M
YoY Change -12.37% -210.1% -262.5%
FREE CASH FLOW
Cash From Operating Activities -$61.79M -$51.74M -$36.59M
Capital Expenditures $2.876M -$3.525M -$454.0K
Free Cash Flow -$64.66M -$48.21M -$36.13M
YoY Change 69.8% 33.43% 37.18%

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CY2022Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2022Q3 us-gaap Net Income Loss
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CY2020Q4 us-gaap Stockholders Equity
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CY2021Q1 rvmd Adjustments To Additional Paid In Capital Vesting Of Early Exercise Of Stock Options
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CY2021Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021Q1 us-gaap Net Income Loss
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CY2021Q1 us-gaap Stockholders Equity
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CY2021Q2 rvmd Adjustments To Additional Paid In Capital Vesting Of Early Exercise Of Stock Options
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Stockholders Equity
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CY2021Q3 rvmd Adjustments To Additional Paid In Capital Vesting Of Early Exercise Of Stock Options
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CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2021Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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CY2021Q3 us-gaap Net Income Loss
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StockholdersEquity
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us-gaap Profit Loss
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us-gaap Profit Loss
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us-gaap Gain Loss On Sale Of Property Plant Equipment
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us-gaap Amortization Of Intangible Assets
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Depreciation Depletion And Amortization
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Contract With Customer Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Increase Decrease In Operating Lease Liability
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Marketable Securities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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rvmd Proceeds From Maturity Of Marketable Securities
ProceedsFromMaturityOfMarketableSecurities
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rvmd Proceeds From Maturity Of Marketable Securities
ProceedsFromMaturityOfMarketableSecurities
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rvmd Proceeds From Sale Of Marketable Securities
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rvmd Proceeds From Sale Of Marketable Securities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Proceeds From Stock Plans
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rvmd Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
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rvmd Proceeds From Issuance Of Common Stock Under Employee Stock Purchase Plan
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us-gaap Net Cash Provided By Used In Financing Activities
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250069000
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24886000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
110234000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
105352000
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
130238000
CY2022Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
178941000
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
129154000
CY2022Q3 us-gaap Restricted Cash
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1737000
CY2021Q3 us-gaap Restricted Cash
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CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
180678000
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
130238000
rvmd Vesting Of Early Exercised Options And Restricted Stock
VestingOfEarlyExercisedOptionsAndRestrictedStock
143000
rvmd Vesting Of Early Exercised Options And Restricted Stock
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us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2754000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
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CY2022Q3 us-gaap Retained Earnings Accumulated Deficit
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us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:18.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:0.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">Use of estimates</span><span style="color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;"> </span></p><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;min-width:fit-content;">The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, management evaluates its estimates, including those related to revenue recognition, clinical accruals, income taxes, useful lives of property and equipment and intangible assets, impairment of goodwill and intangibles, impairment of in-process research and development and developed technologies, the incremental borrowing rate for determining operating lease assets and liabilities and stock-based compensation. The extent to which the COVID-19 pandemic may directly or indirectly impact the Company’s business, financial condition and results of operations is highly uncertain and subject to change. The Company considered the potential impact of the COVID-19 pandemic on its estimates and assumptions and there was not a material impact to the Company’s condensed consolidated financial statements as of and for the three months ended September 30, 2022. Actual results could materially differ from the Company’s estimates, and there may be changes to the estimates in future periods</span><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:&quot;Times New Roman&quot;, serif;font-style:italic;min-width:fit-content;">.</span>
CY2022Q3 rvmd Fair Value Level1 Level2 Level3 Transfers Amount
FairValueLevel1Level2Level3TransfersAmount
0
CY2021Q4 rvmd Fair Value Level1 Level2 Level3 Transfers Amount
FairValueLevel1Level2Level3TransfersAmount
0
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
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CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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3000
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2422000
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
655158000
CY2021Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
578322000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
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1000
CY2021Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
377000
CY2021Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
577946000
CY2022Q3 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
657577000
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
3000
CY2022Q3 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2422000
CY2022Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
655158000
CY2022Q3 us-gaap Property Plant And Equipment Gross
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31751000
CY2021Q4 us-gaap Property Plant And Equipment Gross
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22356000
CY2022Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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13484000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
10812000
CY2022Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18267000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
11544000
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
1000000.0
CY2021Q3 us-gaap Depreciation And Amortization
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800000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2800000
us-gaap Depreciation And Amortization
DepreciationAndAmortization
2300000
CY2022Q3 us-gaap Accrued Employee Benefits Current
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CY2021Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
9852000
CY2022Q3 rvmd Accrued Research And Development Expense Current
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22204000
CY2021Q4 rvmd Accrued Research And Development Expense Current
AccruedResearchAndDevelopmentExpenseCurrent
17018000
CY2022Q3 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
568000
CY2021Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
540000
CY2022Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
488000
CY2021Q4 us-gaap Other Liabilities Current
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311000
CY2022Q3 rvmd Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
32186000
CY2021Q4 rvmd Accrued Expenses And Other Current Liabilities
AccruedExpensesAndOtherCurrentLiabilities
27721000
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
55800000
CY2022Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
55800000
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7480000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4205000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3275000
us-gaap Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
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CY2022Q3 us-gaap Intangible Assets Gross Excluding Goodwill
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63280000
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4205000
CY2022Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
59075000
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
300000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
800000
us-gaap Amortization Of Intangible Assets
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CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
268000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1069000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1069000
CY2022Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
869000
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3275000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
55800000
CY2021Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
55800000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
7480000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3404000
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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4076000
CY2021 us-gaap Finite Lived Intangible Asset Useful Life
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CY2021Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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63280000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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3404000
CY2021Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
59876000
CY2021Q4 us-gaap Goodwill
Goodwill
14608000
us-gaap Goodwill Translation And Purchase Accounting Adjustments
GoodwillTranslationAndPurchaseAccountingAdjustments
0
CY2022Q3 us-gaap Goodwill
Goodwill
14608000
us-gaap Goodwill Impairment Loss
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0
CY2022Q3 us-gaap Operating Lease Liability Current
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7017000
CY2021Q4 us-gaap Operating Lease Liability Current
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6214000
CY2022Q3 us-gaap Operating Lease Liability Noncurrent
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58183000
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
60419000
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
65200000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
66633000
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1800000
CY2021Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
900000
CY2022Q3 us-gaap Sublease Income
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500000
CY2021Q3 us-gaap Sublease Income
SubleaseIncome
400000
us-gaap Operating Lease Cost
OperatingLeaseCost
4700000
us-gaap Operating Lease Cost
OperatingLeaseCost
2100000
us-gaap Sublease Income
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1200000
us-gaap Sublease Income
SubleaseIncome
1500000
CY2022Q3 us-gaap Operating Lease Payments
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200000
CY2021Q3 us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
700000
us-gaap Operating Lease Payments
OperatingLeasePayments
1400000
us-gaap Proceeds From Lease Payments
ProceedsFromLeasePayments
900000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1973000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6961000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
7100000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7349000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7606000
CY2022Q3 rvmd Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
60422000
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
91411000
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.72
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-73329000
CY2021Q3 us-gaap Net Income Loss
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-52940000
us-gaap Net Income Loss
NetIncomeLoss
-192198000
us-gaap Net Income Loss
NetIncomeLoss
-134415000
CY2022Q3 rvmd Weighted Average Number Of Shares Issued Basic And Diluted
WeightedAverageNumberOfSharesIssuedBasicAndDiluted
84709849
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77751185
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26211000
CY2022Q3 rvmd Lessee Operating Lease Liability Tenant Improvement Allowance
LesseeOperatingLeaseLiabilityTenantImprovementAllowance
0
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
65200000
CY2022Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.061
CY2022Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y7M6D
CY2022Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2022Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each share of common stock is entitled to one vote
CY2022Q3 rvmd Number Of Voting Rights Per Common Share
NumberOfVotingRightsPerCommonShare
1
us-gaap Dividends Common Stock
DividendsCommonStock
0
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77751185
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72467677
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-2.47
CY2022Q3 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
17977384
CY2021Q4 us-gaap Common Stock Capital Shares Reserved For Future Issuance
CommonStockCapitalSharesReservedForFutureIssuance
13967835
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
52800000
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y8M1D
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8138000
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5827000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22880000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14527000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
72467677
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.87
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.87
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.72
CY2021Q3 rvmd Weighted Average Number Of Shares Issued Basic And Diluted
WeightedAverageNumberOfSharesIssuedBasicAndDiluted
73599501
rvmd Weighted Average Number Of Shares Issued Basic And Diluted
WeightedAverageNumberOfSharesIssuedBasicAndDiluted
77764196
rvmd Weighted Average Number Of Shares Issued Basic And Diluted
WeightedAverageNumberOfSharesIssuedBasicAndDiluted
72541749
CY2022Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
14989
CY2021Q3 us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
63815
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
13011
us-gaap Weighted Average Number Of Shares Common Stock Subject To Repurchase Or Cancellation
WeightedAverageNumberOfSharesCommonStockSubjectToRepurchaseOrCancellation
74072
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84694860
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84694860
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
73535686
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73535686
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-2.47
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.85
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
9883645
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
6633235

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