Rapport Therapeutics (RAPP) Operating Income (2023 - 2026)

Rapport Therapeutics' (RAPP) quarterly Operating Income came in at -$24.2 million in Q1 2026, up 10.67% year-on-year from -$21.9 million in Q1 2025, and up 37.12% on a QoQ basis from -$38.5 million in Q4 2025.

Rapport Therapeutics (RAPP) Operating Income (2023 - 2026) Analysis & Trends

Rapport Therapeutics (RAPP) has 4 years of Operating Income data on file, last reported at -$24.2 million in Q1 2026.

  • On a quarterly basis, Operating Income rose 10.67% year-over-year to -$24.2 million in Q1 2026; TTM through Mar 2026 was -$122.2 million, a 31.31% decrease from a year earlier, with the FY2025 full-year figure at -$125.1 million, down 50.62% from the prior year.
  • Operating Income for Q1 2026 stood at -$24.2 million, up from -$38.5 million in the prior quarter.
  • Over the last five years, Operating Income for RAPP reached as high as -$6.6 million in Q2 2023 and fell as low as -$38.5 million in Q4 2025.
  • Historically, Operating Income has averaged -$21.9 million across 4 years, with a median of -$22.6 million in 2024.
  • Across the five-year window, Operating Income plunged 213.73% in 2024 and rose 10.67% in 2026, its largest moves.
  • Year by year, Operating Income stood at -$14.8 million in 2023, then sank by 58.99% to -$23.5 million in 2024, then sank by 63.72% to -$38.5 million in 2025, then surged by 37.12% to -$24.2 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were -$24.2 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) Op. Inc (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn - -27.75 Mn
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn - -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn 249.90 Mn
4 NuCana 279.75 Bn 279.75 Bn - -3.72 Mn
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn 1.14 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn 642.90 Mn
7 Belite Bio 62.51 Bn 62.51 Bn - -32.68 Mn
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn 493.00 Mn
9 Revolution Medicines 37.78 Bn 37.78 Bn - -445.22 Mn
10 Rapport Therapeutics 1.95 Bn 1.95 Bn - -24.22 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -24.22 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