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Rapport Therapeutics, Inc. RAPP Preclinical Programs External Expenses — Research And Development Expense

Other product segments

RAP219Program External Expenses
$34.09M+252%
Other Costs
$1.82M+13.2%

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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$2.18B+319%
Enterprise value$2.13B+345%
P/S109.1×

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 preclinical programs external expenses — research and development expense?
Rapport Therapeutics, Inc. (RAPP) reported preclinical programs external expenses — research and development expense of $4.87M in Q2 2026.
How has Rapport Therapeutics, Inc.'s preclinical programs external expenses — research and development expense changed year-over-year?
Rapport Therapeutics, Inc.'s preclinical programs external expenses — research and development expense increased by 3.1% year-over-year, from $4.72M to $4.87M.
What is the long-term trend for Rapport Therapeutics, Inc.'s preclinical programs external expenses — research and development expense?
Over 2 years (2023 to 2025), Rapport Therapeutics, Inc.'s preclinical programs external expenses — research and development expense has grown at a 61.7% compound annual growth rate (CAGR), from $6.34M to $16.57M.
What does preclinical programs external expenses — research and development expense mean?
This metric represents the external costs incurred for research and development activities specifically associated with the company's preclinical-stage drug discovery programs. It captures third-party expenditures such as contract research organization fees, laboratory services, and materials required to advance therapeutic candidates toward clinical trials. Monitoring this expense provides insight into the capital intensity and investment pace of the company's early-stage pipeline development.

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