Company: RPID
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001380106-25-000200
Chunk: 253

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 253
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,Change20252024Amount%(dollars in thousands)General and administrative$5,644 $5,676 $(32)(0.6)%Percentage of total revenue72.0 %74.6 %

General and administrative expenses were essentially flat in the third quarter.  

Other income (expense)

Interest income

Interest income includes interest earned on our cash equivalents and investments.  The $0.4 million, or 55.5%, change in interest income was primarily due to the higher investment in the prior period.

Interest expense

             Interest expense includes interest incurred in connection with our long term debt. The $0.4 million, or 3,472.7%, due to interest incurred with our long term debt.

Other expense, net

Other expense, net, which is comprised of miscellaneous expenses unrelated to our core business, was flat for each of the three months ended September 30, 2025 and 2024.

Income tax expense 

Income tax expense was less than $0.1 million for each of the three months ended September 30, 2025 and 2024. The expense in each period was attributable to income tax provisions related to our foreign subsidiaries.

45

Comparison of the nine months ended September 30, 2025 and 2024

The following table summarizes our results of operations for the nine months ended September 30, 2025 and 2024:

Nine Months Ended September 30,Change20252024Amount%(dollars in thousands)Revenue:Product revenue$14,117 $13,505 $612 4.5 %Service revenue8,188 6,328 1,860 29.4 %Total revenue22,305 19,833 2,472 12.5 %Costs and operating expenses:Cost of product revenue15,907 15,404 503 3.3 %Cost of service revenue5,023 5,519 (496)(9.0)%Research and development10,383 11,195 (812)(7.3)%Sales and marketing8,760 10,284 (1,524)(14.8)%General and administrative17,413 17,121 292 1.7 %Total costs and operating expenses57,486 59,523 (2,037)(3.4)%Loss from operations(35,181)(39,690)4,509 (11.4)%Other