Rapport Therapeutics, Inc.
For the period ended Mar 31, 2025. Filed May 8, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 8, 2025
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share data)
| For the three months endedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating expenses | ||
| Research and development (1) | $19,572 | $12,504 |
| General and administrative (2) | 7,536 | 4,590 |
| Total operating expenses | 27,108 | 17,094 |
| Loss from operations | (27,108) | (17,094) |
| Other income (expense): | ||
| Interest income | 3,045 | 1,815 |
| Change in fair value of preferred stock tranche right liability | — | (7,390) |
| Total other income, net | 3,045 | (5,575) |
| Net loss | $(24,063) | $(22,669) |
| Net loss per share attributable to common stockholders, basic and diluted | $(0.68) | $(11.07) |
| Weighted-average common shares outstanding, basic and diluted | 35,266,577 | 2,046,889 |
| Comprehensive loss: | ||
| Net loss | $(24,063) | $(22,669) |
| Change in unrealized gains (losses) on investments, net of tax | 427 | (164) |
| Total other comprehensive income (loss) | 427 | (164) |
| Comprehensive loss | $(23,636) | $(22,833) |
(1)
Includes related party amounts ofzero and less than$0.1 million for the three months ended March 31, 2025 and 2024, respectively (see Note 10).
(2)
Includes related party amounts ofzero and$0.1 million for the three months ended March 31, 2025 and 2024, respectively (see Note 10).
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