Company: RPID
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001380106-25-000174
Chunk: 251

Company: RAPID MICRO BIOSYSTEMS, INC.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part I, Item 1
Chunk 251
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 income (expense), net706 1,769 (1,063)(60.1)%Loss before income taxes(23,103)(25,882)2,779 (10.7)%Income tax expense18 18 — — %Net loss$(23,121)$(25,900)$2,779 (10.7)%

Revenue

Product revenue increased by $0.7 million, or 7.9%. The increase was driven primarily by a higher volume of consumables as well as an increase in the average selling price of our systems.  Higher system-related revenue, particularly from software sales, also contributed to the increase. The increase from these factors was partially offset by one fewer system placement during the six months ended June 30, 2025 compared to the same period in 2024. 

Service revenue increased by $1.6 million, or 39.8%. The increase in service revenue was primarily driven by increases in revenue related to validations and installations (including higher one-time services unrelated to new system 

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sales) as well as higher service contract revenue as a result of an increase in the cumulative number of Growth Direct systems validated and under such contracts.

Costs and operating expenses 

Costs of revenue

Cost of product revenue increased $0.3 million, or 2.5%. The increase was driven by higher consumables sales volume (net of the impact of one fewer system placement) as well as higher inventory reserves in the current year period

Cost of service revenue decreased by $0.4 million, or 10.6%. This decrease was primarily attributable to lower headcount and headcount-related costs due in part to productivity improvements.

Research and development

Six Months EndedJune 30,Change20252024Amount%(dollars in thousands)Research and development$6,854 $7,586 $(732)(9.6)%Percentage of total revenue47.4 %62.0 %

Research and development expenses decreased by $0.7 million, or 9.6%. The decrease was primarily driven by lower headcount and headcount-related costs as well as the timing of spending related to new product development activities.

Sales and marketing

Six Months EndedJune 30,Change20252024Amount%(dollars in thousands)Sales and marketing$5,865 $6,908 $(1,043)(15.1)%Percentage of total revenue40.5 %56.5 %

Sales and marketing expenses