<?xml version="1.0" encoding="UTF-8"?>
<edgarSubmission xmlns="http://www.sec.gov/edgar/mafiler" xmlns:com="http://www.sec.gov/edgar/common_ma" xmlns:com1="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>MA-A</submissionType>
    <filerInfo>
      <com:filer>
        <com1:filerId>0001614947</com1:filerId>
        <com1:filerCcc>XXXXXXXX</com1:filerCcc>
      </com:filer>
      <com:contact>
        <com1:name>Ted Vogtman</com1:name>
        <com1:phoneNumber>973-618-9509</com1:phoneNumber>
      </com:contact>
      <com:contactEmail>tvogtman@alternativereg.com</com:contactEmail>
      <com:notifications>
        <com1:internetNotificationAddress>tvogtman@alternativereg.com</com1:internetNotificationAddress>
        <com1:internetNotificationAddress>Amy@rathmannassociates.com</com1:internetNotificationAddress>
        <com1:internetNotificationAddress>Craig@rathmannassociates.com</com1:internetNotificationAddress>
      </com:notifications>
    </filerInfo>
  </headerData>
  <formData>
    <fiscalYearEnd>12-31-2025</fiscalYearEnd>
    <hasChanges>Y</hasChanges>
    <firmName>Rathmann &amp; Associates, L.P.</firmName>
    <firmCrdNumber>147031</firmCrdNumber>
    <irsNum>06-1688178</irsNum>
    <registrations>
      <maTregistration>
        <com:fileNumber>866-00161-00</com:fileNumber>
      </maTregistration>
      <baseRegistrations>
        <maRegistration>
          <com:fileNumber>867-00217</com:fileNumber>
        </maRegistration>
      </baseRegistrations>
    </registrations>
    <principalOfficeAddress>
      <addressInfo>
        <com:address>
          <com1:street1>8584 KATY FREEWAY</com1:street1>
          <com1:street2>SUITE 250</com1:street2>
          <com1:city>HOUSTON</com1:city>
          <com1:stateOrCountry>TX</com1:stateOrCountry>
          <com1:zipCode>77024</com1:zipCode>
        </com:address>
      </addressInfo>
      <phoneNumber>713-751-1890</phoneNumber>
      <faxNumber>713-751-1891</faxNumber>
    </principalOfficeAddress>
    <mailingAddressDifferent>N</mailingAddressDifferent>
    <cco>
      <name>
        <com:firstName>Kimberly</com:firstName>
        <com:middleName>Marie</com:middleName>
        <com:lastName>McManus</com:lastName>
      </name>
      <titles>
        <title>Chief Compliance Officer</title>
      </titles>
      <address>
        <com:address>
          <com1:street1>101 Eisenhower Parkway</com1:street1>
          <com1:street2>Suite 107</com1:street2>
          <com1:city>ROSELAND</com1:city>
          <com1:stateOrCountry>NJ</com1:stateOrCountry>
          <com1:zipCode>07068</com1:zipCode>
        </com:address>
      </address>
      <phoneNumber>973-618-9500</phoneNumber>
      <faxNumber>973-618-9501</faxNumber>
      <email>kmcmanus@alternativereg.com</email>
    </cco>
    <contactPerson>
      <name>
        <com:firstName>Amy</com:firstName>
        <com:middleName>Cathline</com:middleName>
        <com:lastName>Lewis</com:lastName>
      </name>
      <titles>
        <title>Associate</title>
      </titles>
      <address>
        <com:address>
          <com1:street1>8584 Katy Freeway</com1:street1>
          <com1:street2>Suite 250</com1:street2>
          <com1:city>HOUSTON</com1:city>
          <com1:stateOrCountry>TX</com1:stateOrCountry>
          <com1:zipCode>77024</com1:zipCode>
        </com:address>
      </address>
      <phoneNumber>713-751-1892</phoneNumber>
      <faxNumber>713-751-1891</faxNumber>
      <email>Amy@rathmannassociates.com</email>
    </contactPerson>
    <booksAndRecordsLocations>
      <booksAndRecordsLocation>
        <type>
          <com:add>Add</com:add>
        </type>
        <locationName>Iron Mountain</locationName>
        <contact>
          <addressInfo>
            <com:address>
              <com1:street1>3502 Bissonnet</com1:street1>
              <com1:city>Houston</com1:city>
              <com1:stateOrCountry>TX</com1:stateOrCountry>
              <com1:zipCode>77005</com1:zipCode>
            </com:address>
          </addressInfo>
          <phoneNumber>7132955000</phoneNumber>
        </contact>
        <locationType>
          <third-party/>
        </locationType>
        <description>offsite data storage</description>
      </booksAndRecordsLocation>
      <booksAndRecordsLocation>
        <type>
          <com:add>Add</com:add>
        </type>
        <locationName>Bruce Berie (Firm CPA)</locationName>
        <contact>
          <addressInfo>
            <com:address>
              <com1:street1>7670 Woodway Drive</com1:street1>
              <com1:street2>Suite 162</com1:street2>
              <com1:city>HOUSTON</com1:city>
              <com1:stateOrCountry>TX</com1:stateOrCountry>
              <com1:zipCode>77063</com1:zipCode>
            </com:address>
          </addressInfo>
          <phoneNumber>7138401155</phoneNumber>
          <faxNumber>7139682250</faxNumber>
        </contact>
        <locationType>
          <third-party/>
        </locationType>
        <description>Financial and firm organization</description>
      </booksAndRecordsLocation>
    </booksAndRecordsLocations>
    <formOfOrganization>
      <formOrgType>
        <formOrgTypes>
          <LP/>
        </formOrgTypes>
      </formOrgType>
    </formOfOrganization>
    <monthOfFiscalYearEnd>December</monthOfFiscalYearEnd>
    <organizedJurisdiction>
      <com1:stateOrCountry>TX</com1:stateOrCountry>
    </organizedJurisdiction>
    <dateOfOrganization>03-26-2003</dateOfOrganization>
    <isPrcApplicant>N</isPrcApplicant>
    <numberOfEmployees>4</numberOfEmployees>
    <employeesEngagedInMAA>3</employeesEngagedInMAA>
    <maaEmployeesRegBD>0</maaEmployeesRegBD>
    <maaRegIA>0</maaRegIA>
    <numberOfSolicitingFirms>0</numberOfSolicitingFirms>
    <clientsServedAsMA>125</clientsServedAsMA>
    <typesOfClients>
      <typesOfClients>
        <clientTypes>Municipal Entities</clientTypes>
      </typesOfClients>
    </typesOfClients>
    <numberOfSolicitedME>0</numberOfSolicitedME>
    <numberOfSolicitedOP>0</numberOfSolicitedOP>
    <totalNumberOfSolicitedMEAndOP>0</totalNumberOfSolicitedMEAndOP>
    <typesOfSolicitedPersons>
      <solicitationPersonTypes>
        <solicitationPersonTypes>Not Applicable</solicitationPersonTypes>
      </solicitationPersonTypes>
    </typesOfSolicitedPersons>
    <meOrOPCompensationTypes>
      <compensationTypes>
        <compensationTypes>Hourly Charges</compensationTypes>
        <compensationTypes>Contingent Fees</compensationTypes>
      </compensationTypes>
    </meOrOPCompensationTypes>
    <solicitationCompensationTypes>
      <compensationTypes>
        <compensationTypes>Not Applicable</compensationTypes>
      </compensationTypes>
    </solicitationCompensationTypes>
    <engagedActivities>
      <engagedActivityTypes>
        <engagedActivityType>Advice Insurance Of MS</engagedActivityType>
        <engagedActivityType>Advice ME Investments</engagedActivityType>
        <engagedActivityType>Advice On Selection</engagedActivityType>
        <engagedActivityType>Other</engagedActivityType>
      </engagedActivityTypes>
      <eaTypeOtherDescription>Use of SLGS to fund escrow for refunding issues. Advice or recommendations concerning the selection of placement agents, bank loan solicitors, underwriters, or escrow bidding agents with respect to municipal financial products or the issuance of municipal securities.</eaTypeOtherDescription>
    </engagedActivities>
    <isEngagedInOtherNonMAABusiness>Y</isEngagedInOtherNonMAABusiness>
    <totalFIAAssociatedPersons>0</totalFIAAssociatedPersons>
    <participationInterestMACT>
      <mactBuySellFromClients>N</mactBuySellFromClients>
      <mactBuySellRecommendToClients>N</mactBuySellRecommendToClients>
      <mactEnterDerivativesWithClients>N</mactEnterDerivativesWithClients>
      <mactRecommendOwnedInterestToClients>N</mactRecommendOwnedInterestToClients>
      <mactRecommendToClientsServing>N</mactRecommendToClientsServing>
      <mactRecommendToClientsHavingOtherSalesInterest>N</mactRecommendToClientsHavingOtherSalesInterest>
      <mactDiscAuthBuySellAsMAA>N</mactDiscAuthBuySellAsMAA>
      <mactDiscAuthBuySell>N</mactDiscAuthBuySell>
      <mactDiscAuthDetermineBrokerDealer>N</mactDiscAuthDetermineBrokerDealer>
      <mactDiscAuthDetermineCommissionToBrokerDealer>N</mactDiscAuthDetermineCommissionToBrokerDealer>
      <mactRecommendBrokerDealerToClient>Y</mactRecommendBrokerDealerToClient>
      <mactRecommendBrokerDealerToClientAreAP>N</mactRecommendBrokerDealerToClientAreAP>
      <mactCompensateForReferrals>N</mactCompensateForReferrals>
      <mactReceiveCompensationForReferrals>N</mactReceiveCompensationForReferrals>
    </participationInterestMACT>
    <disclosureAnswers>
      <criminalDisclosure>
        <com:isConvictedOfFelony>N</com:isConvictedOfFelony>
        <com:isChargedWithFelony>N</com:isChargedWithFelony>
        <com:isOrgConvictedOfFelony>N</com:isOrgConvictedOfFelony>
        <com:isOrgChargedWithFelony>N</com:isOrgChargedWithFelony>
      </criminalDisclosure>
      <regulatoryDisclosure>
        <com:isMadeFalseStatement>N</com:isMadeFalseStatement>
        <com:isViolatedRegulation>N</com:isViolatedRegulation>
        <com:isCauseOfDenial>N</com:isCauseOfDenial>
        <com:isOrderAgainst>N</com:isOrderAgainst>
        <com:isImposedPenalty>N</com:isImposedPenalty>
        <com:isUnEthical>N</com:isUnEthical>
        <com:isFoundInViolationOfRegulation>N</com:isFoundInViolationOfRegulation>
        <com:isFoundInCauseOfDenial>N</com:isFoundInCauseOfDenial>
        <com:isOrderAgainstActivity>N</com:isOrderAgainstActivity>
        <com:isDeniedLicense>N</com:isDeniedLicense>
        <com:isFoundMadeFalseStatement>N</com:isFoundMadeFalseStatement>
        <com:isFoundInViolationOfRules>N</com:isFoundInViolationOfRules>
        <com:isFoundInCauseOfSuspension>N</com:isFoundInCauseOfSuspension>
        <com:isDiscipliend>N</com:isDiscipliend>
        <com:isAuthorizedToActAttorney>N</com:isAuthorizedToActAttorney>
        <com:isRegulatoryComplaint>N</com:isRegulatoryComplaint>
      </regulatoryDisclosure>
      <civilDisclosure>
        <com:isEnjoined>N</com:isEnjoined>
        <com:isFoundInViolationOfRegulation>N</com:isFoundInViolationOfRegulation>
        <com:isDismissed>N</com:isDismissed>
        <com:isNamedInCivilProceeding>N</com:isNamedInCivilProceeding>
      </civilDisclosure>
    </disclosureAnswers>
    <hasAnnualReceiptsLessThan7Million>Y</hasAnnualReceiptsLessThan7Million>
    <isAffiliatedWithReceiptsMoreThan7Million>N</isAffiliatedWithReceiptsMoreThan7Million>
    <scheduleA>
      <businesses>
        <business>
          <name>Rathmann &amp; Associates Holdings LLC</name>
          <controPersonPR>N</controPersonPR>
          <empIDNumber>06-1688171</empIDNumber>
          <deFeNp>
            <de/>
          </deFeNp>
          <baseInformation>
            <titleStatus>General Partner of Rathmann &amp; Associates, L.P.</titleStatus>
            <statusAcquired>03-26-2003</statusAcquired>
            <ownershipCode>NA</ownershipCode>
            <isControPerson>Y</isControPerson>
          </baseInformation>
        </business>
      </businesses>
      <persons>
        <person>
          <name>
            <com:firstName>Richard</com:firstName>
            <com:middleName>Craig</com:middleName>
            <com:lastName>Rathmann</com:lastName>
          </name>
          <baseInformation>
            <titleStatus>Managing Partner</titleStatus>
            <statusAcquired>03-26-2003</statusAcquired>
            <ownershipCode>E</ownershipCode>
            <isControPerson>Y</isControPerson>
            <crdNumber>710820</crdNumber>
          </baseInformation>
        </person>
        <person>
          <name>
            <com:firstName>Kimberly</com:firstName>
            <com:middleName>Marie</com:middleName>
            <com:lastName>McManus</com:lastName>
          </name>
          <baseInformation>
            <titleStatus>Chief Compliance Officer</titleStatus>
            <statusAcquired>03-20-2015</statusAcquired>
            <ownershipCode>NA</ownershipCode>
            <isControPerson>N</isControPerson>
            <crdNumber>2322081</crdNumber>
          </baseInformation>
        </person>
      </persons>
    </scheduleA>
    <scheduleC>
      <directBusinesses>
        <business>
          <baseInformation>
            <name>Rathmann &amp; Associates Holdings LLC</name>
            <controPersonPR>N</controPersonPR>
            <empIDNumber>06-1688171</empIDNumber>
            <deFeNp>
              <de/>
            </deFeNp>
            <baseInformation>
              <titleStatus>General Partner of Rathmann &amp; Associates, L.P.</titleStatus>
              <statusAcquired>03-26-2003</statusAcquired>
              <ownershipCode>NA</ownershipCode>
              <isControPerson>Y</isControPerson>
            </baseInformation>
          </baseInformation>
        </business>
      </directBusinesses>
      <directPersons>
        <person>
          <baseInformation>
            <name>
              <com:firstName>Richard</com:firstName>
              <com:middleName>Craig</com:middleName>
              <com:lastName>Rathmann</com:lastName>
            </name>
            <baseInformation>
              <titleStatus>Managing Partner</titleStatus>
              <statusAcquired>03-26-2003</statusAcquired>
              <ownershipCode>E</ownershipCode>
              <isControPerson>Y</isControPerson>
              <crdNumber>710820</crdNumber>
            </baseInformation>
          </baseInformation>
        </person>
        <person>
          <baseInformation>
            <name>
              <com:firstName>Kimberly</com:firstName>
              <com:middleName>Marie</com:middleName>
              <com:lastName>McManus</com:lastName>
            </name>
            <baseInformation>
              <titleStatus>Chief Compliance Officer</titleStatus>
              <statusAcquired>03-20-2015</statusAcquired>
              <ownershipCode>NA</ownershipCode>
              <isControPerson>N</isControPerson>
              <crdNumber>2322081</crdNumber>
            </baseInformation>
          </baseInformation>
        </person>
      </directPersons>
    </scheduleC>
    <maExecutionPage>
      <signature>
        <com1:signature>Richard Craig Rathmann</com1:signature>
        <com1:signerName>Richard Craig Rathmann</com1:signerName>
        <com1:title>Managing Partner</com1:title>
        <com1:date>03-10-2026</com1:date>
      </signature>
      <crdNumber>710820</crdNumber>
    </maExecutionPage>
    <controls>
      <isSolePropietor>N</isSolePropietor>
      <hasNameChange>N</hasNameChange>
      <hasDBAName>N</hasDBAName>
      <hasPreviousDBAName>N</hasPreviousDBAName>
      <hasAdditionalDBANames>N</hasAdditionalDBANames>
      <hasMATReg>Y</hasMATReg>
      <additionalRegs>N</additionalRegs>
      <additionalOffices>N</additionalOffices>
      <hasMailingAddress>N</hasMailingAddress>
      <hasAdditionalWebsites>N</hasAdditionalWebsites>
      <hasBooksRecords>Y</hasBooksRecords>
      <isRegisteredFFRA>N</isRegisteredFFRA>
      <isAffiliatedOtherBus>N</isAffiliatedOtherBus>
      <independentBusinessEmployee>N</independentBusinessEmployee>
      <receiveCompensationForMAAFromOtherClients>N</receiveCompensationForMAAFromOtherClients>
      <isSucceedingApplicant>N</isSucceedingApplicant>
      <isCPForApplicantPolicy>N</isCPForApplicantPolicy>
      <isPRCompanyUnder1215>N</isPRCompanyUnder1215>
      <hasScheduleB>N</hasScheduleB>
      <isSection12Or15ReportingCompany>N</isSection12Or15ReportingCompany>
      <isOtherNonMAABuisinesssPrimary>N</isOtherNonMAABuisinesssPrimary>
    </controls>
  </formData>
</edgarSubmission>
