Revolution Medicines Inc
For the period ended Dec 31, 2024. Filed Feb 26, 2025.
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FY2024 · Filed Feb 26, 2025
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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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEM ENTS OF CASH FLOWS
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities | |||
| Net loss | $(600,093) | $(436,367) | $(248,705) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Loss on disposal of fixed assets | 118 | 52 | 19 |
| Amortization of intangible assets | 1,069 | 1,068 | 1,069 |
| Stock-based compensation expense | 79,197 | 61,772 | 31,196 |
| Depreciation and amortization | 6,559 | 5,042 | 3,972 |
| Change in fair value of warrant liability and contingent earn-out shares | (4,323) | 115 | — |
| Net amortization of premium or discount on marketable securities | (44,565) | (22,205) | (3,078) |
| Amortization of operating lease right-of-use asset | 4,196 | 3,199 | 4,615 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 1,254 | 3,419 | 1,256 |
| Prepaid expenses and other current assets | (9,698) | (2,646) | (3,779) |
| Accounts payable | (6,465) | 32,469 | 7,288 |
| Accrued expenses and other current liabilities | 21,985 | 14,668 | 1,502 |
| Deferred revenue | — | (4,459) | (14,472) |
| Operating lease liability | (245) | (1,532) | (2,428) |
| Deferred tax liability | (762) | (3,910) | (419) |
| Other noncurrent assets | (5,875) | (1,414) | (2,247) |
| Other noncurrent liabilities | 212 | 157 | (190) |
| Net cash used in operating activities | (557,436) | (350,572) | (224,401) |
| Cash flows from investing activities | |||
| Purchases of marketable securities | (2,136,623) | (1,058,916) | (612,769) |
| Maturities of marketable securities | 1,592,537 | 724,047 | 599,469 |
| Purchases of property and equipment | (10,308) | (7,729) | (10,816) |
| Net cash used in investing activities | (554,394) | (342,598) | (24,116) |
| Cash flows from financing activities | |||
| Cash, cash equivalents and restricted cash acquired in connection with EQRx Acquisition, net of transaction costs | — | 840,834 | — |
| Proceeds from issuance of common stock, net of issuance costs | 727,620 | 323,706 | 248,126 |
| Proceeds from issuance of pre-funded warrants, net of transaction costs | 95,422 | — | — |
| Proceeds from issuance of common stock from at-the-market offering, net of transaction costs | 118,728 | 62,053 | 49,919 |
| Proceeds from issuance of common stock under equity incentive plans | 12,330 | 3,316 | 1,481 |
| Proceeds from issuance of common stock related to employee stock purchase plan | 5,029 | 3,317 | 1,864 |
| Tax payment for common stock withheld in satisfaction of withholding tax requirements | — | (4,026) | — |
| Payments of deferred offering costs | 284 | — | 42 |
| Net cash provided by financing activities | 959,413 | 1,229,200 | 301,432 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (152,417) | 536,030 | 52,915 |
| Cash, cash equivalents and restricted cash - beginning of year | 699,179 | 163,149 | 110,234 |
| Cash, cash equivalents and restricted cash - end of year | $546,762 | $699,179 | $163,149 |
| Reconciliation of cash, cash equivalents and restricted cash to consolidated balance sheets | |||
| Cash and cash equivalents | 543,064 | 696,148 | 161,412 |
| Restricted cash | 3,698 | 3,031 | 1,737 |
| Cash, cash equivalents and restricted cash - end of period | $546,762 | $699,179 | $163,149 |
| Supplemental disclosure of non-cash investing and financing activities | |||
| Issuance of common stock for EQRx acquisition | $— | $1,085,676 | $— |
| Fair value of net assets acquired in connection with EQRx Acquisition | — | 291,475 | — |
| Purchases of property and equipment in accounts payable and accrued expenses and other current liabilities | 1,576 | 2,611 | 1,419 |
| Right-of-use assets obtained in exchange for operating lease liabilities | 44,581 | 25,271 | — |
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