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
DateValue
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