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Rapport Therapeutics, Inc.

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Rapport Therapeutics, Inc.

RAPP·NASDAQ·Life Sciences·CIK 0002012593

Rapport Therapeutics, Inc. is a clinical-stage biotechnology company focused on discovering and developing small molecule precision medicines for patients with neurological or psychiatric disorders. The company's foundational science explores neuronal receptor biology, allowing it to identify and target specific neuronal receptor complexes. These complexes are made up of receptor principal subunits and receptor associated proteins (RAPs), which are important for regulating how receptors function and are expressed. Rapport Therapeutics believes its expertise in RAP biology allows it to target previously inaccessible areas and develop neurological and psychiatric drugs that are specific to certain receptor variants and brain regions linked to diseases. This specificity aims to reduce the undesired side effects often seen with most neuroactive drugs. The company is developing a portfolio of precision product candidates based on its RAP technology platform, which originated from its founders' discoveries about RAP function in the brain. This platform aims to overcome limitations of traditional neurology drug discovery. RAP-219 is Rapport Therapeutics' most advanced product candidate. It is an AMPA receptor (AMPAR) negative allosteric modulator (NAM). RAP-219 is designed to achieve neuroanatomical specificity by selectively targeting TARP  8, a RAP associated with neuronal AMPARs. While AMPARs are widely distributed in the central nervous system (CNS), TARP  8 is expressed only in specific regions like the neocortex and mesial temporal lobe, where focal onset seizures (FOS) often begin. TARP  8 has low expression in the hindbrain, a region often linked to adverse drug events. The company believes RAP-219 has the potential for a differentiated profile compared to traditional neuroscience medications.

Rapport Therapeutics, Inc. (NASDAQ:RAPP) is a publicly traded company in the Life Sciences sector. Wiseek has independently scored 18 items for RAPP at importance 7 or higher on its 1–10 market-impact scale. Its most recent item scored 7 or higher is dated 2026-08-05, rated 7/10. Across its 18 most recent items scored 7 or higher, the top rating is 9/10, with 10 rated 8 or above. Recent SEC coverage for RAPP spans 10-Q, 8-K, 144, S-3ASR.

Recent high-impact activity:

  • Rapport Therapeutics Q2 2026: Cash Runway Extended to H2 2029, Phase 3 FOS Trial Underway
  • Rapport Therapeutics Q2 2026: $56.6M Net Loss, $436.1M Cash Runway into H2 2029, and RAP-219 Phase 3 Launch
  • Major Shareholder Third Rock Ventures Files Intent to Sell Additional Shares Amidst Ongoing Distribution
  • 10% Stockholder Third Rock Ventures Files Intent to Sell $10.89M in Shares Amidst Positive Q1 Results
  • Rapport Therapeutics Reports Strong Q1, Secures $20M Collaboration, Extends Cash Runway to H2 2029

Financial Snapshot

Fiscal year ended December 31, 2025
Net Income
-$111.48M
Diluted EPS
-$2.86
Op. Cash Flow
-$87.47M
Free Cash Flow
-$88.09M
Operating Income
-$125.1M
Cash & Equivalents
$52.65M
Debt / Equity
0.00×
Shares Outstanding
47.77M sh
Source: 10-K · filed 2026-03-10 · accession 0001193125-26-099360

Short Interest & Short Volume

7.91 days to cover

FINRA reported short interest of 2,248,069 shares in RAPP as of the September 15, 2026 settlement, a 0.6% increase from the prior period — about 7.9 days to cover at its recent average daily volume. On October 2, 2026, 64.4% of RAPP volume reported to FINRA trade-reporting facilities was marked short.

Short interest (bi-monthly positions)2,248,069 shares as of September 15, 2026
Change vs prior period▲ 0.6%
Days to cover7.91 at avg daily volume of 284,289
Daily short volume (FINRA facilities)64.4% of 102,851 shares on October 2, 2026
5-day average short volume53.7%

Daily short sale volume covers trades reported to FINRA trade-reporting facilities and is not the same as short interest (bi-monthly reported positions). Source: FINRA — FINRA is the owner and source of this short interest and short sale volume data; it may not be redistributed.

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$31.74 -0.43% today
52-week range · as of 2026-08-05 $13.62 – $44.28
Market cap
$1.54B
Volume
277.6K (0.6× avg)
3-mo avg 429.9K
Live data · 2026-10-04 16:05 UTC · Market closed

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feed RAPP - Latest Insights

RAPP
Aug 05, 2026, 7:30 AM EDT
Filing Type: 10-Q
Importance Score:
7
Price at Filing: $40.51
Real-time Price: $31.74 info
Change: -$8.77 (-22%) info
Market Cap: $1.543B info
RAPP
Aug 05, 2026, 7:17 AM EDT
Filing Type: 8-K
Importance Score:
7
Price at Filing: $40.51
Real-time Price: $31.74 info
Change: -$8.77 (-22%) info
Market Cap: $1.543B info
RAPP
May 27, 2026, 9:16 AM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $39.71
Real-time Price: $31.74 info
Change: -$7.97 (-20%) info
Market Cap: $1.543B info
RAPP
May 07, 2026, 4:44 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $39.93
Real-time Price: $31.74 info
Change: -$8.19 (-21%) info
Market Cap: $1.543B info
RAPP
May 07, 2026, 7:30 AM EDT
Filing Type: 10-Q
Importance Score:
8
Price at Filing: $37.06
Real-time Price: $31.74 info
Change: -$5.32 (-14%) info
Market Cap: $1.543B info
RAPP
May 07, 2026, 7:15 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $37.06
Real-time Price: $31.74 info
Change: -$5.32 (-14%) info
Market Cap: $1.543B info
RAPP
Apr 21, 2026, 4:50 PM EDT
Filing Type: 8-K
Importance Score:
8
Price at Filing: $36.95
Real-time Price: $31.74 info
Change: -$5.21 (-14%) info
Market Cap: $1.543B info
RAPP
Apr 21, 2026, 4:30 PM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $36.95
Real-time Price: $31.74 info
Change: -$5.21 (-14%) info
Market Cap: $1.543B info
RAPP
Apr 17, 2026, 4:37 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $39.71
Real-time Price: $31.74 info
Change: -$7.97 (-20%) info
Market Cap: $1.543B info
RAPP
Apr 17, 2026, 4:25 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $39.71
Real-time Price: $31.74 info
Change: -$7.97 (-20%) info
Market Cap: $1.543B info
RAPP
Apr 13, 2026, 4:37 PM EDT
Filing Type: 144
Importance Score:
7
Price at Filing: $34.65
Real-time Price: $31.74 info
Change: -$2.91 (-8%) info
Market Cap: $1.543B info
RAPP
Mar 10, 2026, 8:16 AM EDT
Filing Type: S-3ASR
Importance Score:
8
Price at Filing: $31.01
Real-time Price: $31.74 info
Change: +$0.730 (+2%) info
Market Cap: $1.543B info
RAPP
Mar 10, 2026, 7:25 AM EDT
Filing Type: 10-K
Importance Score:
9
Price at Filing: $30.71
Real-time Price: $31.74 info
Change: +$1.03 (+3%) info
Market Cap: $1.543B info
RAPP
Mar 10, 2026, 7:11 AM EDT
Filing Type: 8-K
Importance Score:
9
Price at Filing: $30.71
Real-time Price: $31.74 info
Change: +$1.03 (+3%) info
Market Cap: $1.543B info
RAPP
Mar 09, 2026, 7:00 AM EDT
Source: GlobeNewswire
Importance Score:
8
Price at Filing: $30.24
Real-time Price: $31.74 info
Change: +$1.50 (+5%) info
Market Cap: $1.543B info
RAPP
Jan 07, 2026, 8:35 AM EST
Filing Type: 8-K
Importance Score:
7
Price at Filing: $27.26
Real-time Price: $31.74 info
Change: +$4.48 (+16%) info
Market Cap: $1.543B info
RAPP
Jan 07, 2026, 8:23 AM EST
Filing Type: 424B5
Importance Score:
8
Price at Filing: $30.12
Real-time Price: $31.74 info
Change: +$1.62 (+5%) info
Market Cap: $1.543B info
RAPP
Jan 07, 2026, 7:30 AM EST
Filing Type: 8-K
Importance Score:
8
Price at Filing: $30.12
Real-time Price: $31.74 info
Change: +$1.62 (+5%) info
Market Cap: $1.543B info
Research tools: Filing Impact Index Dilution Tracker Split Calendar Open Datasets