Rapport Therapeutics (RAPP) Research & Development (2023 - 2026)
Rapport Therapeutics (RAPP) reported Research & Development of $32.7 million for Q1 2026, up 67.16% year-over-year from $19.6 million in Q1 2025, and up 8.12% quarter-over-quarter 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.
- Research & Development for Q1 2026 came in at $32.7 million, up 67.16% year-over-year; the trailing twelve-month figure through Mar 2026 was $107.9 million (up 58.72% YoY), and the FY2025 annual result was $94.8 million, up 55.56% from the prior year.
- Research & Development climbed to $32.7 million in Q1 2026 per RAPP's latest filing, from $30.3 million in the prior quarter.
- Over five years, Research & Development peaked at $32.7 million in Q1 2026 and troughed at $4.7 million in Q2 2023.
- A 4-year average of $17.7 million and a median of $16.4 million in 2024 frame the typical range for Research & Development.
- The sharpest annual moves came in 2024 and 2025: Research & Development surged 232.32% in 2024, then jumped 43.34% in 2025.
- A 4-year view of Research & Development shows it 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 grew by 8.12% to $32.7 million in 2026.
- Business Quant data shows RAPP's Research & Development at $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 | Alterity Therapeutics | 762,369.55 Bn | 762,369.51 Bn | - | 4.32 Mn |
| 2 | Belite Bio | 55,096.00 Bn | 55,096.00 Bn | - | 15.66 Mn |
| 3 | Quantum Biopharma | 17,755.80 Bn | 17,755.79 Bn | - | 626,092.00 |
| 4 | Legend Biotech | 3,486.00 Bn | 3,485.71 Bn | 242.10 Mn | -101.30 Mn |
| 5 | Akari Therapeutics | 1,737.42 Bn | 1,737.41 Bn | - | 1.46 Mn |
| 6 | Evaxion A | 1,551.28 Bn | 1,551.26 Bn | - | -2.30 Mn |
| 7 | Psyence Biomedical | 227.32 Bn | 227.31 Bn | - | 357,444.00 |
| 8 | Vertex Pharmaceuticals | 110.84 Bn | 103.59 Bn | 2.59 Bn | 961.60 Mn |
| 9 | Abivax | 91.71 Bn | 91.71 Bn | - | -58.00 Mn |
| 10 | Rapport Therapeutics | 1.66 Bn | 1.66 Bn | - | 32.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |