NASDAQ$RAPP

Rapport Therapeutics Inc · Q1 2026 earnings

Q1 2026 earnings ·

Briefing

Rapport Therapeutics reported Q1 2026 collaboration revenue of $20.0M and a net loss of $19.9M.

Q1 2026 collaboration revenue was $20.0 million from the Tenacia license upfront amortization. Net loss narrowed to $19.9 million from $24.1 million as R&D was $32.7 million on RAP-219 and platform programs. No product sales yet.

  • Collaboration revenue $20.0M (Tenacia license).
  • Net loss $(19.9)M vs $(24.1)M prior year.
  • R&D $32.7M on neuroscience pipeline.
  • Cash supports clinical-stage programs.

Headline financials

Total Revenue

$20M

No prior period
EPS

-$0.42

No prior period
Capital Expenditures

-$86K

No prior period
Free Cash Flow

-$13.1M

No prior period
Net Income

-$19.9M

No prior period
Operating Income

-$24.2M

No prior period
Cash & Equivalents

$78.1M

No prior period
Total Assets

$498M

No prior period

Revenue & EPS history

Rapport Therapeutics Inc · Revenue · Quarterly

$20M

Q1 2026
Beat estimate in 1 of 1 quarters(100%)
ActualEstimate

Forward guidance

Biotech discusses clinical milestones for RAP-219 and partnership economics without product revenue guidance.

Tailwinds

  • Collaboration revenue improves loss profile vs prior year.
  • Focused CNS pipeline with partner validation.

Headwinds

  • No commercial product revenue yet.
  • Clinical and regulatory risks on lead assets.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 2 quarterly earnings reports · overlaid with Q1 2026

Historical avgQ1 2026

+2.2%

Avg return

Earnings day

-4.2%

Avg return

5 days after

+4.7%

Avg return

30 days after

50%

1 / 2 earnings

Positive

+7.4%

Q1 2026

Best reaction

-3.0%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+7.4%+0.4%-2.7%
Q4 2025-3.0%-8.8%+12.0%

Discussion

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