Rapport Therapeutics, Inc.(RAPP)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
RAPP Stock Analysis & AI Quality Score
AI stock analysis and institutional research for Rapport Therapeutics, Inc. (RAPP), a Healthcare sector company. RAPP is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), Rapport Therapeutics, Inc. reports quarterly revenue of $20.0M, net income of $-19.9M, free cash flow of $-13.1M. Top institutional holders of RAPP by reported 13-F value include FMR, TRV GP V,, ARCH Venture Management,, based on the most recent SEC filings. RAPP trades on the Nasdaq exchange and files with the SEC under CIK 2012593. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate RAPP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Rapport Therapeutics, Inc. directly from SEC EDGAR.
Revenue
Q1 2026
$20.0M
Net Income
Q1 2026
$-19.9M
Free Cash Flow
Q1 2026
$-13.1M
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Net Income
-42.4% YoYOperating Income
-50.6% YoYEPS (Diluted)
+24.3% YoYTotal Assets
+62.7% YoYOp. Cash Flow
-34.9% YoY| Metric | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Net Income | $-111.5M -42.4% | $-78.3M -125.1% | $-34.8M |
| Operating Income | $-125.1M -50.6% | $-83.1M -129.6% | $-36.2M |
| EPS (Diluted) | $-2.86 +24.3% | $-3.78 +83.6% | $-23.10 |
| Total Assets | $512.4M +62.7% | $314.9M +102.6% | $155.4M |
| Operating Cash Flow | $-87.5M -34.9% | $-64.8M -138.5% | $-27.2M |
AI Insight: RAPP Financial Trends
First revenue recognition ($20M in Q1 2026) marks a potential inflection, but cumulative equity erosion of ~$73M since Q3 2025 capital raise signals ongoing cash burn pressure.
• Q1 2026 marks the first reported revenue of $20M, a meaningful milestone for this pre-commercial-stage biotech.
• Net loss narrowed sharply to $-20M in Q1 2026 from $-34M in Q4 2025, the best result in four quarters.
• Equity declined steadily from $337M in Q2 2024 to $264M by Q2 2025, before a capital raise boosted it to $512M in Q3 2025.
• Operating cash outflow improved to $-13M in Q1 2026 from $-25M in Q4 2025, the lowest burn in five quarters.
⚠ Equity has eroded from $512M to $472M in two quarters post-raise; sustained burn could require another dilutive capital event.
⚠ Operating losses widened consistently from $-22M in Q3 2024 to $-39M in Q4 2025 — Q1 2026 improvement must hold.
⚠ Revenue appeared only in Q1 2026; durability and trajectory of this revenue line remain unproven with a single data point.
AI Insight: RAPP Ratio Trends
Return metrics show meaningful improvement in Q1 2026, but deeply negative ROIC across all periods signals ongoing cash burn typical of a clinical-stage biotech.
• ROE improved from -40.6% in Q2 2025 to -16.9% in Q1 2026, the least negative reading in the observable period.
• ROIC recovered from a trough of -44.8% in Q2 2025 to -20.5% in Q1 2026, a 24pp improvement over three quarters.
• Operating margin of -121.1% and NPM of -99.3% in Q1 2026 confirm the company generates no revenue against heavy R&D spend.
⚠ ROE, ROA, and ROIC all deteriorated sharply from Q3 2024 through Q2 2025 before rebounding — sustainability of that recovery is unproven.
⚠ D/E data is absent throughout; inability to assess leverage leaves balance-sheet risk unquantified.
⚠ TTM ROIC of -25.9% versus Q1 2026 annualized -20.5% suggests recent-quarter improvement may partly reflect one-off timing effects.
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Available Research
13F Pro tracks comprehensive data for Rapport Therapeutics, Inc. including:
Top Institutional Holders of RAPP
FMR LLC
$224.3M7,168,939 shTRV GP V, LLC
$223.3M7,135,233 shARCH Venture Management, LLC
$116.7M3,728,738 shCapital International Investors
$96.9M3,097,973 shCormorant Asset Management, LP
$92.5M2,957,521 shGOLDMAN SACHS GROUP INC
$92.1M2,942,251 shBlackRock, Inc.
$78.4M2,505,955 shSofinnova Ventures Inc
$59.6M1,904,408 shJOHNSON & JOHNSON
$55.8M1,784,517 shPolar Capital Holdings Plc
$51.4M1,642,461 sh
| Fund | Value | Shares |
|---|---|---|
| FMR LLC | $224.3M | 7,168,939 |
| TRV GP V, LLC | $223.3M | 7,135,233 |
| ARCH Venture Management, LLC | $116.7M | 3,728,738 |
| Capital International Investors | $96.9M | 3,097,973 |
| Cormorant Asset Management, LP | $92.5M | 2,957,521 |
| GOLDMAN SACHS GROUP INC | $92.1M | 2,942,251 |
| BlackRock, Inc. | $78.4M | 2,505,955 |
| Sofinnova Ventures Inc | $59.6M | 1,904,408 |
| JOHNSON & JOHNSON | $55.8M | 1,784,517 |
| Polar Capital Holdings Plc | $51.4M | 1,642,461 |
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Popular Research
Is RAPP a good stock to buy?
13F Pro's AI-powered analysis of Rapport Therapeutics, Inc. (RAPP) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Healthcare sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for RAPP are available on the RAPP stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own RAPP?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling RAPP. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Rapport Therapeutics, Inc.'s investment landscape.