Revance Therapeutics Inc. (RVNC) Financial Statements (2026 and earlier)

Company Profile

Business Address 1222 DEMONBREUN STREET
NASHVILLE, TN 37203
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:253,900340,700225,100436,500290,100175,800
Cash and cash equivalent137,329108,965110,623333,558171,16073,256
Short-term investments116,586231,742114,448102,947118,955102,556
Other undisclosed cash, cash equivalents, and short-term investments(15)(7)29(5)(15)(12)
Restricted cash and investments550     
Receivables27,67611,3393,3481,829 27,000
Inventory, net of allowances, customer advances and progress billings45,57918,32510,1545,876  
Inventory45,57918,32510,1545,876  
Disposal group, including discontinued operation      
Other undisclosed current assets11,1604,3637,5155,7986,5025,122
Total current assets:338,865374,727246,117450,003296,602207,922
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization19,8156,393   ✕
Operating lease, right-of-use asset53,16739,22344,34029,63226,531✕
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization17,22522,13924,66117,49914,75514,449
Intangible asset, including goodwill, after accumulated amortization, including:(137,192)27,00455,33471,343  
Goodwill (147,000)77,175146,964146,964  
Intangible asset, excluding goodwill, after accumulated amortization9,80827,00455,33471,343  
Other undisclosed intangible asset, including goodwill, after accumulated amortization  (77,175)(146,964)(146,964)  
Restricted cash and investments6,8706,0525,0463,445730730
Other noncurrent assets3211,6878,7011,3341,6693,247
Other undisclosed noncurrent assets179,383104,675146,964146,964  
Total noncurrent assets:139,589207,173285,046270,21743,68518,426
TOTAL ASSETS:478,454581,900531,163720,220340,287226,348
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities67,63363,90350,16145,59526,64623,382
Accounts payable13,8094,54610,60312,6578,0108,434
Accrued liabilities53,82459,35739,55832,93818,63614,948
Deferred revenue10,7376,8679,3627,8517,911✕
Debt5,151669  3,470 
Derivative instruments and hedges, liabilities   3,0203,0812,952 
Contract with customer, liability✕✕✕✕✕✕8,588
Other undisclosed current liabilities5,7034,2434,7464,437  
Total current liabilities:89,22475,68267,28960,96440,97931,970
Noncurrent Liabilities
Long-term debt and lease obligation426,595 319,766207,67225,870 
Long-term debt, excluding current maturities426,595 280,635180,526  
Liabilities, other than long-term debt114,239114,24475,63777,29447,94848,756
Deferred revenue70,41978,57774,15277,29447,948✕
Contract with customer, liability✕✕✕✕✕✕42,684
Deferred rent credit      3,319
Other liabilities2,8351,4851,485   
Operating lease, liability40,98534,18239,13127,14625,870✕
Derivative instruments and hedges, liabilities      2,753
Other undisclosed noncurrent liabilities  379,374    
Total noncurrent liabilities:540,834493,618395,403284,96673,81848,756
Total liabilities:630,058569,300462,692345,930114,79780,726
Equity
Equity, attributable to parent(151,604)12,60068,471374,290225,490145,622
Common stock888272695237
Additional paid in capital1,926,6541,767,2661,466,3691,500,5141,069,639830,368
Accumulated other comprehensive income (loss)14(374)(18) 3(8)
Accumulated deficit(2,078,360)(1,754,374)(1,397,952)(1,126,293)(844,204)(684,775)
Total equity:(151,604)12,60068,471374,290225,490145,622
TOTAL LIABILITIES AND EQUITY:478,454581,900531,163720,220340,287226,348

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues234,040132,56577,79815,3254133,729
Cost of revenue
(Cost of Product and Service Sold)		   (13,988)(6,077)  
Gross profit:234,040132,56563,8109,2484133,729
Operating expenses(550,817)(474,523)(352,474)(288,487)(164,872)(146,363)
Other undisclosed operating income   13,9886,077  
Operating loss:(316,777)(341,958)(274,676)(273,162)(164,459)(142,634)
Nonoperating income (expense)12,4472,710(422)3,7305,2293,250
Investment income, nonoperating13,2854,8913374,3225,5324,023
Other nonoperating expense(838)(2,181)(759)(592)(303)(773)
Interest and debt expense(19,356)(16,474)(6,273)(15,148) (44)
Loss from continuing operations before income taxes:(323,686)(355,722)(281,371)(284,580)(159,230)(139,428)
Income tax expense (benefit)(300)(700) 2,620 (3,000)
Loss from continuing operations:(323,986)(356,422)(281,371)(281,960)(159,230)(142,428)
Loss before gain (loss) on sale of properties:✕✕✕(281,371)(281,960)(159,230)(142,428)
Net loss:(323,986)(356,422)(281,371)(281,960)(159,230)(142,428)
Other undisclosed net income (loss) attributable to parent  61(129)(199)(140)
Net loss available to common stockholders, diluted:(323,986)(356,422)(281,310)(282,089)(159,429)(142,568)

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(323,986)(356,422)(281,371)(281,960)(159,230)(142,428)
Comprehensive loss:(323,986)(356,422)(281,371)(281,960)(159,230)(142,428)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent388(356)43(132)(188)(148)
Comprehensive loss, net of tax, attributable to parent:(323,598)(356,778)(281,328)(282,092)(159,418)(142,576)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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