Rapport Therapeutics, Inc. financials
Source: EDGAR filings · Built 2026-06-02T03:54:30Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 |
|---|---|---|---|
| Free Cash Flow | -88.09M | -67.23M | -28.82M |
| EBITDA | -124.08M | -82.22M | -36.07M |
| Working Capital | 479.51M | 301.04M | 142.07M |
| Net Debt | -41.16M | -55.33M | -68.02M |
| Return on Equity (ROE) | -23.00% | -25.64% | 135.70% |
| Return on Assets (ROA) | -21.76% | -24.86% | -22.38% |
| Current Ratio | 26.17× | 35.34× | 17.14× |
| Debt-to-Equity | 0.02× | 0.00× | -0.08× |
| Effective Tax Rate | — | 0.00% | -0.03% |
| Cash Conversion Ratio | 0.78× | 0.83× | 0.78× |
| Accruals Ratio | -0.05× | -0.04× | -0.05× |
| CapEx Coverage | -142.00× | -26.96× | -16.61× |
| Free Cash Flow Per Share | $-2.26 | $-3.24 | $-19.14 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2024 |
|---|---|---|---|
| P/B | 2.99× | 2.12× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2024 |
|---|---|---|---|
| Research and Development Expense | 94.79M | 60.94M | 28.00M |
| Operating Expenses | 125.10M | 83.06M | 36.18M |
| Operating Income (Loss) | -125.10M | -83.06M | -36.18M |
| Income Tax Expense (Benefit) | 0 | 0 | 10.00K |
| Net Income (Loss) Attributable to Parent | -111.48M | -78.31M | -34.79M |
| Earnings Per Share, Basic | $-2.86 | $-3.78 | $-23.10 |
| Weighted Average Number of Shares Outstanding, Basic | 38.93M | 20.74M | 1.51M |
| Earnings Per Share, Diluted | $-2.86 | $-3.78 | $-23.10 |
| Weighted Average Number of Shares Outstanding, Diluted | 38.93M | 20.74M | 1.51M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2024 |
|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 52.65M | 56.80M | 70.17M |
| Assets, Current | 498.56M | 309.80M | 150.87M |
| Assets | 512.43M | 314.93M | 155.42M |
| Liabilities, Current | 19.05M | 8.77M | 8.80M |
| Liabilities | 27.78M | 9.51M | 14.48M |
| Stockholders' Equity Attributable to Parent | 484.65M | 305.43M | -25.63M |
| Common Stock, Shares, Outstanding | 47.77M | 36.58M | 4.17M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2024 |
|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -87.47M | -64.83M | -27.18M |
| Payments to Acquire Property, Plant, and Equipment | 616.00K | 2.40M | 1.64M |
| Net Cash Provided by (Used in) Investing Activities | -187.47M | -170.14M | -78.86M |
| Net Cash Provided by (Used in) Financing Activities | 270.79M | 221.63M | 145.14M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -13.15M | -24.87M | -63.22M | -45.62M | -20.53M | -14.67M |
| EBITDA | -23.99M | -38.24M | — | — | -26.86M | -23.26M |
| Working Capital | 466.80M | 479.51M | 506.34M | 258.36M | 281.58M | 301.04M |
| Net Debt | -67.25M | -41.16M | -239.49M | -43.20M | -49.76M | -55.33M |
| Operating Margin | -121.08% | — | — | — | — | — |
| Net Margin | -99.28% | — | — | — | — | — |
| Return on Equity (ROE) | -4.21% | -6.97% | -5.26% | -10.14% | -8.42% | -6.54% |
| Return on Assets (ROA) | -3.99% | -6.59% | -5.03% | -9.36% | -7.97% | -6.34% |
| Current Ratio | 27.08× | 26.17× | 36.37× | 22.75× | 31.01× | 35.34× |
| Debt-to-Equity | 0.02× | 0.02× | 0.02× | 0.04× | 0.03× | 0.00× |
| Cash Conversion Ratio | 0.66× | 0.73× | 2.33× | 1.69× | 0.84× | 0.72× |
| Accruals Ratio | -0.01× | -0.02× | 0.07× | 0.07× | -0.01× | -0.02× |
| SBC % of Revenue | 34.81% | — | — | — | — | — |
| CapEx Coverage | -151.87× | -146.16× | -140.43× | -144.75× | -69.54× | -63.92× |
| Free Cash Flow Per Share | $-0.28 | $-0.64 | $-1.67 | $-1.29 | $-0.58 | $-0.71 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/B | 3.17× | 2.99× | 2.77× | 1.57× | 1.28× | 2.12× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 20.00M | — | — | — | 0 | — |
| Research and Development Expense | 32.72M | 30.26M | 22.28M | 22.68M | 19.57M | 17.20M |
| Selling, General and Administrative Expense | 11.50M | — | — | — | 7.54M | — |
| Operating Expenses | 44.22M | 38.51M | 29.99M | 29.50M | 27.11M | 23.52M |
| Operating Income (Loss) | -24.21M | -38.51M | -29.99M | -29.50M | -27.11M | -23.52M |
| Net Income (Loss) Attributable to Parent | -19.86M | -33.76M | -26.93M | -26.73M | -24.06M | -19.98M |
| Earnings Per Share, Basic | $-0.42 | $-0.71 | $-0.71 | $-0.75 | $-0.68 | $-0.12 |
| Weighted Average Number of Shares Outstanding, Basic | 47.24M | 38.93M | 37.93M | 35.44M | 35.27M | 20.74M |
| Earnings Per Share, Diluted | $-0.42 | $-0.71 | $-0.71 | $-0.75 | $-0.68 | $-0.12 |
| Weighted Average Number of Shares Outstanding, Diluted | 47.24M | 38.93M | 37.93M | 35.44M | 35.27M | 20.74M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 78.06M | 52.65M | 251.36M | 55.07M | 57.60M | 56.80M |
| Assets, Current | 484.69M | 498.56M | 520.66M | 270.24M | 290.97M | 309.80M |
| Assets | 497.60M | 512.43M | 535.32M | 285.50M | 302.05M | 314.93M |
| Liabilities, Current | 17.90M | 19.05M | 14.32M | 11.88M | 9.38M | 8.77M |
| Liabilities | 26.09M | 27.78M | 23.71M | 21.98M | 16.22M | 9.51M |
| Stockholders' Equity Attributable to Parent | 471.51M | 484.65M | 511.62M | 263.51M | 285.84M | 305.43M |
| Common Stock, Shares, Outstanding | 47.81M | 47.77M | 47.65M | 36.50M | 36.50M | 36.58M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -13.06M | -24.70M | -62.77M | -45.31M | -20.24M | -14.45M |
| Payments to Acquire Property, Plant, and Equipment | 86.00K | 169.00K | 447.00K | 313.00K | 291.00K | 226.00K |
| Net Cash Provided by (Used in) Investing Activities | 37.94M | -174.32M | -13.15M | 43.63M | 21.03M | 31.93M |
| Net Cash Provided by (Used in) Financing Activities | 531.00K | 311.00K | 270.48M | -58.00K | 5.00K | 7.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (RAPP CIK 0002012593),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.