Rapport Therapeutics (RAPP) Operating Expenses (2023 - 2026)
Rapport Therapeutics' Operating Expenses was $60.81 million in Q2 2026, up 106.1% from $29.5 million a year earlier and up 37.5% from the prior quarter.
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Analysis
Rapport Therapeutics (RAPP) Operating Expenses (2023 - 2026) Analysis & Trends
On a trailing twelve-month basis, Rapport Therapeutics' Operating Expenses was $173.52 million through Jun 30, 2026, up 70.5% year-over-year; for FY2025, it was $125.1 million, up 50.6% from FY2024.
- In earlier years, Operating Expenses was $83.06 million in FY2024 (+129.6%) and $36.18 million in FY2023.
- The Q2 2026 figure marks the highest quarterly Operating Expenses in data going back to Q2 2023.
- Compared with a year earlier, Operating Expenses has increased for nine straight quarters, with growth averaging 69.6% over the last eight quarters.
- Over the past five years, the year-over-year growth in Operating Expenses ranged from 38.6% (Q3 2025) to 213.7% (Q2 2024).
- Per Business Quant data, RAPP's Operating Expenses in the three quarters before Q2 2026 was $44.22 million (Q1 2026), $38.51 million (Q4 2025) and $29.99 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 655.56 Bn | 574.09 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 470.94 Bn | 444.10 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 367.14 Bn | 321.57 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 280.33 Bn | 236.20 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 257.78 Bn | 231.34 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 226.04 Bn | 181.44 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 188.89 Bn | 163.01 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 163.75 Bn | 110.70 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 133.68 Bn | 105.69 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Rapport Therapeutics | 1.60 Bn | 1.60 Bn | - | 60.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 60.81 Mn |
| Mar 31, 2026 | 44.22 Mn |
| Dec 31, 2025 | 38.51 Mn |
| Sep 30, 2025 | 29.99 Mn |
| Jun 30, 2025 | 29.50 Mn |
| Mar 31, 2025 | 27.11 Mn |
| Dec 31, 2024 | 23.52 Mn |
| Sep 30, 2024 | 21.64 Mn |
| Jun 30, 2024 | 20.80 Mn |
| Mar 31, 2024 | 17.09 Mn |
| Dec 31, 2023 | 14.79 Mn |
| Sep 30, 2023 | 9.56 Mn |
| Jun 30, 2023 | 6.63 Mn |
API Access
Rapport Therapeutics Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RAPP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RAPP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RAPP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();