10-Q quarterly report · filed Nov 6, 2025

Rapport Therapeutics, Inc. (RAPP) Q3 2025 10-Q Quarterly Report

Short answer

Rapport Therapeutics, Inc. (RAPP) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025.

Q3 2025 key financials · XBRL

Net income
−$27M
−53.5% YoY · −0.7% QoQ
EPS (diluted)
−$0.71
−125.7% YoY · +6.6% QoQ

Source: XBRL data from the Rapport Therapeutics, Inc. (RAPP) Q3 2025 10-Q on SEC EDGAR. USD.

Rapport Therapeutics, Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New clinical hold risk on RAP-219 diabetic peripheral neuropathic pain trial triggered by FDA request for protocol amendments in Q4 2024
  • Updated financial risk: net losses increased to $77.7M for nine months ended Sept 2025 from $58.3M in prior year, cash $513M funding through H2 2029
  • Most impactful regulatory risk: FDA clinical hold on RAP-219 and uncertainty on lifting timing may delay Phase 2 development or halt program
  • Operational risk: RAP-219 Phase 3 trials initiation expected Q3 2026; delays or failures may materially affect near-term development progress
  • Financial risk: up to $116M contingent milestones payable to Janssen under license may require dilution, debt, or use of cash reserves

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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