Rapport Therapeutics (RAPP) Operating Expenses (2023 - 2026)
Rapport Therapeutics' (RAPP) quarterly Operating Expenses came in at $44.2 million in Q1 2026, up 63.11% year-on-year from $27.1 million in Q1 2025, and up 14.82% on a QoQ basis from $38.5 million in Q4 2025.
Rapport Therapeutics (RAPP) Operating Expenses (2023 - 2026) Analysis & Trends
Rapport Therapeutics (RAPP) has 4 years of Operating Expenses data on file, last reported at $44.2 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 63.11% year-over-year to $44.2 million in Q1 2026; TTM through Mar 2026 was $142.2 million, a 52.8% increase from a year earlier, with the FY2025 full-year figure at $125.1 million, up 50.62% from the prior year.
- Operating Expenses for Q1 2026 stood at $44.2 million, up from $38.5 million in the prior quarter.
- Over the last five years, Operating Expenses for RAPP reached as high as $44.2 million in Q1 2026 and fell as low as $6.6 million in Q2 2023.
- Historically, Operating Expenses has averaged $23.6 million across 4 years, with a median of $22.6 million in 2024.
- Across the five-year window, Operating Expenses surged 213.73% in 2024 and jumped 38.57% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $14.8 million in 2023, then surged by 58.99% to $23.5 million in 2024, then jumped by 63.72% to $38.5 million in 2025, then advanced by 14.82% to $44.2 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $44.2 million in Q1 2026, $38.5 million in Q4 2025, and $30.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | -28.01 Mn |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | 15.76 Mn |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 1.10 Bn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 1.85 Bn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 2.96 Bn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | 32.68 Mn |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | -919.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | 445.22 Mn |
| 10 | Rapport Therapeutics | 1.94 Bn | 1.94 Bn | - | 44.22 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |