Revolution Medicines Inc
For the period ended Sep 30, 2024. Filed Nov 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 6, 2024
RVMD$193.06-3.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(405,524) | $(274,830) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Loss on disposal of fixed assets | 318 | 1 |
| Amortization of intangible assets | 802 | 801 |
| Stock-based compensation expense | 56,758 | 36,345 |
| Depreciation | 4,824 | 3,695 |
| Change in fair value of warrant liabilities and contingent earn-out shares | (4,543) | — |
| Net amortization of premium or discount on marketable securities | (35,739) | (13,572) |
| Amortization of operating lease right-of-use asset | 2,811 | 1,955 |
| Impairment of assets | 2,761 | — |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | 1,254 | 4,364 |
| Prepaid expenses and other current assets | (4,586) | (394) |
| Accounts payable | (35,828) | 8,164 |
| Accrued expenses and other current liabilities | 3,687 | 20,959 |
| Deferred revenue | — | (4,459) |
| Operating lease liability | (1,238) | (1,357) |
| Deferred tax liability | — | (3,867) |
| Other noncurrent assets | (5,883) | (8,495) |
| Other noncurrent liabilities | 980 | 681 |
| Net cash used in operating activities | (419,146) | (230,009) |
| Cash flows from investing activities | ||
| Purchases of marketable securities | (1,441,413) | (539,311) |
| Maturities of marketable securities | 1,289,008 | 582,527 |
| Purchases of property and equipment | (9,086) | (5,412) |
| Net cash provided by (used in) investing activities | (161,491) | 37,804 |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock upon follow-on offering, net of issuance costs | — | 323,706 |
| Proceeds from issuance of common stock upon at-the-market offering, net of issuance costs | 74,293 | 62,053 |
| Proceeds from issuance of common stock under equity incentive plans | 8,151 | 1,978 |
| Proceeds from issuance of common stock related to employee stock purchase plan | 3,164 | 2,109 |
| Net cash provided by financing activities | 85,608 | 389,846 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (495,029) | 197,641 |
| Cash, cash equivalents and restricted cash - beginning of period | 699,179 | 163,149 |
| Cash, cash equivalents and restricted cash - end of period | $204,150 | $360,790 |
| Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets | ||
| Cash and cash equivalents | 201,262 | 358,399 |
| Restricted cash | 2,888 | 2,391 |
| Cash, cash equivalents and restricted cash - end of period | $204,150 | $360,790 |
| Supplemental disclosure of non-cash investing and financing activities | ||
| Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities | $616 | $1,329 |
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