RAPP: the balance sheet

MyFinsight

For the quarter ending 2025-09-30, RAPP has $535,323K in assets. $23,706K in debts. $251,359K in cash and cash equivalents.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	251,359	55,067
Short-term investments	261,667	205,380
Restricted cash	105	105
Prepaid expenses and other current assets	7,528	9,690
Total current assets	520,659	270,242
Total property and equipment	4,834	-
Less accumulated depreciation	1,718	-
Property and equipment, net	3,116	3,172
Operating lease right of use asset, net	10,480	11,047
Other assets	1,068	1,034
Total assets	535,323	285,495

Accounts payable	3,235	3,176
Accrued expenses and other current liabilities	8,599	6,944
Operating lease liability	2,482	1,759
Total current liabilities	14,316	11,879
Operating lease liability, net of current portion	9,390	10,104
Total liabilities	23,706	21,983
Common stock, 0.001 par value 500,000,000 shares authorized at september 30, 2025 and december 31, 2024 47,650,216 shares and 36,580,202 shares issued and outstanding as of september 30, 2025 and december 31, 2024, respectively	48	37
Additional paid-in capital	712,889	438,091
Accumulated other comprehensive income	145	-76
Accumulated deficit	-201,465	-174,540
Total stockholders' equity	511,617	263,512
Total liabilities and stockholders' equity	535,323	285,495