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

Rapport Therapeutics (RAPP) reported Operating Income of -$24.2 million for Q1 2026, up 10.67% year-over-year from -$21.9 million in Q1 2025, and up 37.12% quarter-over-quarter 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.

  • Operating Income for Q1 2026 came in at -$24.2 million, up 10.67% year-over-year; the trailing twelve-month figure through Mar 2026 was -$122.2 million (down 31.31% YoY), and the FY2025 annual result was -$125.1 million, down 50.62% from the prior year.
  • Operating Income improved to -$24.2 million in Q1 2026 per RAPP's latest filing, from -$38.5 million in the prior quarter.
  • Over five years, Operating Income peaked at -$6.6 million in Q2 2023 and troughed at -$38.5 million in Q4 2025.
  • A 4-year average of -$21.9 million and a median of -$22.6 million in 2024 frame the typical range for Operating Income.
  • The sharpest annual moves came in 2024 and 2026: Operating Income slumped 213.73% in 2024, then advanced 10.67% in 2026.
  • A 4-year view of Operating Income shows it stood at -$14.8 million in 2023, then plunged by 58.99% to -$23.5 million in 2024, then plunged by 63.72% to -$38.5 million in 2025, then surged by 37.12% to -$24.2 million in 2026.
  • Business Quant data shows RAPP's Operating Income at -$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 Alterity Therapeutics 762,369.55 Bn 762,369.51 Bn - -
2 Belite Bio 55,096.00 Bn 55,096.00 Bn - -32.68 Mn
3 Quantum Biopharma 17,755.80 Bn 17,755.79 Bn - -2.97 Mn
4 Legend Biotech 3,486.00 Bn 3,485.71 Bn 242.10 Mn -19.70 Mn
5 Akari Therapeutics 1,737.42 Bn 1,737.41 Bn - -15.76 Mn
6 Evaxion A 1,551.28 Bn 1,551.26 Bn - -3.82 Mn
7 Psyence Biomedical 227.32 Bn 227.31 Bn - -
8 Vertex Pharmaceuticals 110.84 Bn 103.59 Bn 2.59 Bn 1.14 Bn
9 Abivax 91.71 Bn 91.71 Bn - -65.83 Mn
10 Rapport Therapeutics 1.66 Bn 1.66 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