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
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