Rapport Therapeutics (RAPP) Research & Development (2023 - 2026)

Rapport Therapeutics' (RAPP) quarterly Research & Development came in at $32.7 million in Q1 2026, up 67.16% year-on-year from $19.6 million in Q1 2025, and up 8.12% on a QoQ basis from $30.3 million in Q4 2025.

Rapport Therapeutics (RAPP) Research & Development (2023 - 2026) Analysis & Trends

Rapport Therapeutics (RAPP) has 4 years of Research & Development data on file, last reported at $32.7 million in Q1 2026.

  • On a quarterly basis, Research & Development rose 67.16% year-over-year to $32.7 million in Q1 2026; TTM through Mar 2026 was $107.9 million, a 58.72% increase from a year earlier, with the FY2025 full-year figure at $94.8 million, up 55.56% from the prior year.
  • Research & Development for Q1 2026 stood at $32.7 million, up from $30.3 million in the prior quarter.
  • Over the last five years, Research & Development for RAPP reached as high as $32.7 million in Q1 2026 and fell as low as $4.7 million in Q2 2023.
  • Historically, Research & Development has averaged $17.7 million across 4 years, with a median of $16.4 million in 2024.
  • Across the five-year window, Research & Development soared 232.32% in 2024 and surged 43.34% in 2025, its largest moves.
  • Year by year, Research & Development stood at $11.8 million in 2023, then jumped by 45.77% to $17.2 million in 2024, then surged by 75.93% to $30.3 million in 2025, then gained by 8.12% to $32.7 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $32.7 million in Q1 2026, $30.3 million in Q4 2025, and $22.3 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -17.94 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 1.46 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 541.22 Mn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 961.60 Mn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 1.54 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 15.66 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -443.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 343.97 Mn
10 Rapport Therapeutics 1.94 Bn 1.94 Bn - 32.72 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 32.72 Mn
Dec 31, 2025 30.26 Mn
Sep 30, 2025 22.28 Mn
Jun 30, 2025 22.68 Mn
Mar 31, 2025 19.57 Mn
Dec 31, 2024 17.20 Mn
Sep 30, 2024 15.54 Mn
Jun 30, 2024 15.69 Mn
Mar 31, 2024 12.50 Mn
Dec 31, 2023 11.80 Mn
Sep 30, 2023 7.58 Mn
Jun 30, 2023 4.72 Mn