Rapport Therapeutics, Inc. (RAPP) intrinsic value & 10-year financials

Rapport Therapeutics, Inc. (RAPP) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$27.57
Market cap
$1.1B
Revenue (FY2025)
—
ROIC (10-yr avg)
-35.0%
Free cash flow (FY2025)
-$88.1M

RAPP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$111.5M -$2.86 -$88.1M — -36.3%
FY2024 — -$78.3M -$3.78 -$67.2M — -107.1%
FY2023 — -$34.8M -$1.65 -$28.8M — 38.4%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Rapport Therapeutics, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Rapport Therapeutics, Inc. has historically struggled to out-earn its cost of capital, averaging just -35.0% ROIC.

Rapport Therapeutics, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Rapport Therapeutics, Inc. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

RAPP stock: frequently asked questions

What is the intrinsic value of Rapport Therapeutics, Inc. (RAPP) stock?

Graham's formula only works with positive earnings. Rapport Therapeutics, Inc. reported diluted EPS of -$2.86 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Rapport Therapeutics, Inc. generate free cash flow?

Rapport Therapeutics, Inc. generated -$88.1M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is RAPP's return on invested capital?

Average ROIC over the last 4 fiscal years was -35.0%, and average return on equity was 36.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RAPP data come from?

From Rapport Therapeutics, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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