Rapport Therapeutics (RAPP)

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Rapport Therapeutics, Inc. is a clinical-stage biotechnology company developing precision medicines for neurological and psychiatric disorders. The company focuses on small-molecule therapies designed to act on specific disease-relevant targets in the brain and nervous system, an area where selectivity can be especially important because broad activity may lead to unwanted side effects.

Rapport’s research is built around its RAP technology platform, which is used to identify receptor-associated proteins and related biology that may allow more targeted drug discovery. The company’s lead program, RAP-219, is an investigational small molecule being evaluated for seizure disorders and neuropsychiatric conditions. Its stated development areas include focal onset seizures, primary generalized tonic-clonic seizures, and bipolar mania.

Beyond its lead asset, Rapport is advancing earlier-stage programs involving nicotinic acetylcholine receptors, or nAChRs. These discovery programs are aimed at chronic pain and hearing disorders, broad markets where current treatment options can be limited, poorly tolerated, or insufficient for many patients.

Rapport operates in the United States and sits within the broader neuroscience biotechnology sector, a field marked by substantial unmet medical need but also high clinical and regulatory risk. Its investment case is tied to the strength of its platform, the differentiation of its compounds, clinical trial readouts, intellectual property, and the company’s ability to translate advances in neurobiology into medicines that improve outcomes for patients with complex brain and nervous system disorders.

37.46 USD
+0.51 (+1.38%)

Last updated

Market Cap
1.77B
P/E
P/FCF
P/S
88.48
Enterprise Value
1.69B
Sector
Health Care
Industry
Pharmaceutical Preparations
Address
99 HIGH STREET, BOSTON, MA, 02110
Market Cap
1.77B
Enterprise Value
1.69B
P/E
P/B
3.75
P/S
88.48
EV / EBITDA
-13.96
EV / Sales
84.58
EPS
-2.24
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
-80.71M
ROE
-22.75%
ROA
-21.56%
Debt / Equity
0
Current Ratio
27.08
Quick Ratio
27.08
Cash
4.36
Avg Volume
307.03K
Fundamentals Snapshot Price
37

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue 20M
Gross profit 20M
Operating income -24.22M -38.51M -29.99M -29.5M -27.11M
EBITDA -23.99M -38.24M -29.73M -29.24M -26.86M
Net income -19.86M -33.76M -26.93M -26.73M -24.06M
Basic EPS -0.42 -0.71 -0.71 -0.75 -0.68
Diluted EPS -0.42 -0.71 -0.71 -0.75 -0.68

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 497.6M 512.43M 535.32M 285.5M 302.05M
Total liabilities 26.09M 27.78M 23.71M 21.98M 16.22M
Total equity 471.51M 484.65M 511.62M 263.51M 285.84M
Cash & equivalents 78.06M 52.65M 251.36M 55.07M 57.6M
Current assets 484.59M 498.46M 520.55M 270.14M 290.86M
Current liabilities 17.9M 19.05M 14.32M 11.88M 9.38M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -13.06M -24.7M -17.47M -25.07M -20.24M
Investing cash flow 37.94M -174.32M -56.78M 22.6M 21.03M
Financing cash flow 531K 311K 270.53M -63K 5K
Change in cash 25.41M -198.71M 196.29M -2.54M 799K
Kind Filing Date Link
edgar index 4 — Rapport Therapeutics, Inc. View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
edgar index SCHEDULE 13G/A — Rapport Therapeutics, Inc. View Filing
edgar index 4 — Rapport Therapeutics, Inc. View Filing
edgar index 4 — Rapport Therapeutics, Inc. View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
edgar index 8-K — Rapport Therapeutics, Inc. View Filing
edgar index 10-Q — Rapport Therapeutics, Inc. View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
eight k text 8-K — 8-K View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
edgar index DEF 14A — Rapport Therapeutics, Inc. View Filing
edgar index DEFA14A — Rapport Therapeutics, Inc. View Filing
edgar index ARS — Rapport Therapeutics, Inc. View Filing
edgar index 8-K — Rapport Therapeutics, Inc. View Filing
edgar index 4 — Rapport Therapeutics, Inc. View Filing
edgar index 4 — Rapport Therapeutics, Inc. View Filing
eight k text 8-K — 8-K View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
edgar index 144 — Rapport Therapeutics, Inc. View Filing
form 4 Form 4 — Yeleswaram Krishnaswamy View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures V, L.P. View Filing
form 4 Form 4 — Third Rock Ventures VI, L.P. View Filing
form 4 Form 4 — Third Rock Ventures GP V, LP View Filing
form 4 Form 4 — TRV GP V, LLC View Filing
form 4 Form 4 — TRV GP VI, LLC View Filing
form 4 Form 4 — Third Rock Ventures GP VI, L.P. View Filing
form 4 Form 4 — TRV GP V, LLC View Filing