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| 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 |