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Rapport Therapeutics, Inc. RAPP Other Costs — Research And Development Expense

Other product segments

RAP219Program External Expenses
$34.09M+252%
Preclinical Programs External Expenses
$4.87M+3.1%

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BEAMExternal Research And Development Expenses — Research And Development Expense
$30.08M-12.6%

Other financials

Income statement

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Revenue-
Operating income-$60.8M-106%
Net income-$56.6M-112%
EPS (diluted)-$1.19-58.7%

Balance sheet

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Cash & equivalents$63.6M+15.5%
Total debt$10.1M-14.8%
Total equity$422.9M+60.5%
Total assets$459.0M+60.8%

Cash flow

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Operating cash flow-$41.5M-65.4%
CapEx$78.0K+255%
Free cash flow-$41.5M-65.5%

Valuation

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Market cap$2.22B+317%
Enterprise value$2.17B+343%
P/S111.2×

Profitability

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Operating margin-767.6%
Net margin-685.8%
FCF margin-485.7%

Returns & leverage

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Return on equity-40%+22.3pp
Debt / equity0.0×
Current ratio15.7×-7.0×

Where this comes from

Reported directly by Rapport Therapeutics, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Rapport Therapeutics, Inc.’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 7:30 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-333862
Line itemFor the Three Months Ended June 30, 2026For the Three Months Ended June 30, 2025For The Six Months Ended June 30, 2026For The Six Months Ended June 30, 2025
Collaboration revenue$20,000
Operating expenses
Research and development51,41422,68084,13042,252
Selling, general and administrative9,3926,81620,89114,352
Total operating expenses60,80629,496105,02156,604
Loss from operations(60,806)(29,496)(85,021)(56,604)
Other income:
Interest income4,1912,7648,5495,809

Item 1. Financial Statements.

FAQ

What is Rapport Therapeutics, Inc.'s other costs — research and development expense?
Rapport Therapeutics, Inc. (RAPP) reported other costs — research and development expense of $1.82M in Q2 2026.
How has Rapport Therapeutics, Inc.'s other costs — research and development expense changed year-over-year?
Rapport Therapeutics, Inc.'s other costs — research and development expense increased by 13.2% year-over-year, from $1.61M to $1.82M.
What is the long-term trend for Rapport Therapeutics, Inc.'s other costs — research and development expense?
Over 2 years (2023 to 2025), Rapport Therapeutics, Inc.'s other costs — research and development expense has grown at a 109.4% compound annual growth rate (CAGR), from $1.52M to $6.68M.
What does other costs — research and development expense mean?
This metric represents the total expenditures allocated to the discovery and clinical development of novel small-molecule therapeutics targeting central nervous system disorders. It captures the costs associated with mapping neuronal receptor complexes and advancing pipeline candidates through various stages of clinical trials. As a primary driver of long-term value for a clinical-stage biopharmaceutical company, this figure reflects the intensity of investment in scientific innovation and future product commercialization.

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