Rani Therapeutics Holdings, Inc. Financial Summary

Complete Filing Data

Rani Therapeutics Holdings, Inc. reported Stockholders Equity Including Portion Attributable To Noncontrolling Interest of $41.51 million for FY2025.

All values from 10-K, 20-F, and 10-Q filings on SEC EDGAR, organized by financial statement. Scroll each table horizontally for the full history. Blank cells mean Rani Therapeutics Holdings, Inc. did not report that metric for that period in XBRL — often because accounting standards changed which tag a company files under (for example, most companies moved revenue to the ASC-606 tag in 2018), so a metric may continue in a different row. Rows marked * merge those successor tags into one continuous series, preferring the audited value from the newest-standard tag where periods overlap.

Income Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Net Income *-$29.7M-$30.0M-$34.0M-$30.6M-$8.3M-$16.7M
Research And Development Expense$20.2M$26.7M$39.6M$36.6M$26.5M$12.0M
Operating Income Loss-$38.3M-$53.3M-$66.1M-$63.5M-$51.6M-$16.5M
Operating Expenses$39.9M$54.3M$66.1M$63.5M$54.3M-$17.0M
General And Administrative Expense$19.7M$23.9M$26.5M$26.8M$27.8M$5.0M
Interest Expense$2.9M$5.0M$5.1M$1.1M$466.0K$124.0K
Net Income Loss Attributable To Noncontrolling Interest-$11.3M-$26.6M-$33.9M-$32.8M-$44.8M-$16.7M
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest-$41.0M-$56.6M-$67.8M-$63.5M-$53.1M
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest-$11.3M-$26.6M-$33.9M-$32.8M-$44.8M
Comprehensive Income Net Of Tax-$29.7M-$30.0M-$33.9M-$30.7M-$8.3M
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax-$6.0K$33.0K$121.0K-$149.0K$0.00
Other Comprehensive Income Loss Net Of Tax-$6.0K$33.0K$121.0K-$149.0K
Revenue From Contract With Customer Excluding Assessed Tax$1.6M$1.0M$0.00$0.00$2.7M$462.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$67.9M-$63.3M-$53.0M-$16.7M
Income Tax Expense Benefit$0.00$70.0K$41.0K$35.0K

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020
Net Income *-$5.4M-$6.7M-$7.3M-$6.8M-$6.8M-$7.5M-$9.2M-$9.3M-$8.4M-$8.0M-$7.6M-$6.2M-$3.1M-$5.5M-$5.6M-$2.9M-$2.7M-$5.4M
Research And Development Expense$3.2M$5.5M$6.6M$6.2M$6.1M$7.6M$11.2M$11.1M$9.7M$9.1M$9.5M$7.6M$12.0M$3.8M$3.3M$2.1M$2.6M
Operating Income Loss-$7.3M-$10.5M-$12.0M-$11.8M-$12.5M-$14.0M-$17.9M-$18.3M-$16.5M-$16.3M-$15.8M-$13.8M-$27.8M-$5.3M-$5.2M-$2.8M-$3.4M
Operating Expenses$7.3M$10.5M$12.2M$11.8M$12.5M$14.0M$17.9M$18.3M$16.5M$16.3M$15.8M$13.8M$27.8M$7.2M$6.0M$2.9M$3.5M
General And Administrative Expense$4.0M$5.0M$5.6M$5.6M$6.4M$6.4M$6.6M$7.2M$6.8M$7.2M$6.3M$6.2M$15.8M$3.5M$2.6M$845.0K$892.0K
Interest Expense$725.0K$877.0K$943.0K$1.3M$1.3M$1.3M$1.3M$1.3M$1.2M$352.0K$0.00$0.00$110.0K$169.0K$188.0K$64.0K$2.0K
Net Income Loss Attributable To Noncontrolling Interest-$2.5M-$4.5M-$5.5M-$5.9M-$6.6M-$7.3M-$9.1M-$9.4M-$8.5M-$8.3M-$8.3M-$7.6M-$25.6M-$5.5M-$5.6M-$2.9M
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest-$7.9M-$11.2M-$12.7M-$12.7M-$13.3M-$14.8M-$18.3M-$18.8M-$16.7M-$16.3M-$16.0M-$13.8M-$28.7M
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest-$2.5M-$4.2M-$5.5M-$5.9M-$6.6M-$7.3M-$9.1M-$9.4M-$8.4M-$8.3M-$8.3M-$7.6M-$25.6M
Comprehensive Income Net Of Tax-$5.4M-$7.0M-$7.3M-$6.8M-$6.8M-$7.5M-$9.2M-$9.4M-$8.3M-$8.0M-$7.6M-$6.2M-$3.1M
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax$0.00$1.0K-$6.0K$24.0K$12.0K$1.0K$45.0K-$107.0K$126.0K-$118.0K$0.00$0.00
Other Comprehensive Income Loss Net Of Tax$1.0K-$6.0K$24.0K$12.0K$1.0K$45.0K-$107.0K$126.0K-$118.0K
Revenue From Contract With Customer Excluding Assessed Tax$0.00$0.00$172.0K$0.00$0.00$0.00$0.00$0.00$0.00$2.0M$756.0K$108.0K$60.0K
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest-$18.3M-$18.7M-$16.8M-$16.3M-$15.8M-$13.8M-$28.7M-$5.5M-$5.6M-$2.9M-$2.7M
Income Tax Expense Benefit$0.00$0.00$107.0K$154.0K$63.0K$37.0K$1.0K$43.0K$5.0K$6.0K

Balance Sheet

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020FY2019
Stockholders Equity *$33.0M$2.0M$12.9M$36.9M$47.4M-$113.3M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$18.8M$4.3M$6.4M$27.5M$117.5M$73.1M
Cash And Cash Equivalents At Carrying Value$18.6M$3.8M$5.9M$27.0M$117.5M$73.1M
Retained Earnings Accumulated Deficit-$132.6M-$102.9M-$72.9M-$38.9M-$8.3M-$114.0M
Property Plant And Equipment Net$736.0K$1.5M$6.1M$6.0M$4.6M$4.5M
Liabilities Current$12.7M$19.9M$8.0M$4.8M$2.6M$5.3M
Liabilities And Stockholders Equity$58.6M$36.6M$57.9M$108.0M$124.2M$79.4M
Liabilities$17.1M$33.1M$32.5M$34.0M$2.6M$8.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$14.6M-$2.1M-$21.1M-$89.9M$44.4M$56.5M
Assets Current$53.3M$29.7M$50.8M$100.9M$119.6M$74.9M
Assets$58.6M$36.6M$57.9M$108.0M$124.2M$79.4M
Accounts Payable Current$309.0K$1.4M$648.0K$1.5M$1.1M$537.0K
Minority Interest$8.5M$1.5M$12.6M$37.1M$74.2M$0.00
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00$0.00
Long Term Debt Noncurrent$0.00$9.6M$24.5M$29.1M$0.00$2.4M
Operating Lease Right Of Use Asset Amortization Expense$1.9M$1.8M$1.0M$764.0K$0.00
Operating Lease Right Of Use Asset$4.3M$5.1M$718.0K$1.1M$0.00
Operating Lease Liability Noncurrent$2.7M$3.6M$0.00$59.0K$0.00
Operating Lease Liability Current$1.6M$1.5M$718.0K$1.0M$0.00
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$0.00$4.7M$0.00$514.0K$0.00
Marketable Securities$31.1M$23.9M$42.7M$71.5M$0.00
Accumulated Other Comprehensive Income Loss Net Of Tax$1.0K$5.0K-$12.0K-$73.0K$0.00
Accretion Amortization Of Discounts And Premiums Investments$278.0K$1.2M$2.3M$851.0K$0.00
Long Term Debt Current$0.00$15.0M$4.9M$0.00$1.4M
Accrued Liabilities And Other Liabilities$3.9M$2.1M$1.7M$2.3M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$16.5M
Other Operating Activities Cash Flow Statement$0.00-$245.0K$0.00$109.0K$47.0K
Other Assets Noncurrent$246.0K$246.0K$246.0K$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021Q2 2021Q1 2021Q4 2020Q3 2020Q2 2020
Stockholders Equity *-$7.9M-$5.6M-$3.1M$3.1M$2.8M$7.4M$17.6M$24.1M$30.7M$42.2M$47.8M$53.4M$51.4M-$123.7M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents$4.6M$10.7M$10.6M$4.8M$5.0M$7.4M$5.5M$8.1M$19.5M$27.7M$97.2M$107.8M$129.7M
Cash And Cash Equivalents At Carrying Value$4.1M$10.2M$10.1M$4.3M$4.5M$6.9M$5.0M$7.6M$19.0M$27.2M$97.2M$107.8M$129.7M$69.3M
Retained Earnings Accumulated Deficit-$122.3M-$116.9M-$110.2M-$94.0M-$87.2M-$80.4M-$65.8M-$56.6M-$47.3M-$30.1M-$22.2M-$14.6M-$3.1M-$125.1M
Property Plant And Equipment Net$922.0K$1.1M$1.3M$5.5M$5.7M$5.9M$6.3M$5.9M$6.0M$5.7M$5.4M$4.9M$4.6M$4.4M
Liabilities Current$19.1M$20.6M$20.1M$20.2M$16.6M$13.4M$7.3M$5.7M$5.2M$7.2M$5.3M$4.2M$5.3M$9.4M
Liabilities And Stockholders Equity$10.1M$16.9M$24.1M$43.5M$43.7M$53.5M$70.4M$83.5M$96.4M$108.2M$104.3M$115.3M$137.0M$77.3M
Liabilities$22.1M$26.1M$29.5M$37.8M$38.2M$39.0M$35.6M$35.3M$34.9M$21.6M$5.7M$4.7M$5.3M$10.0M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect$6.3M$1.0M-$8.0M-$9.6M$3.6M
Assets Current$5.0M$11.1M$17.8M$32.4M$32.0M$41.4M$63.2M$76.4M$89.0M$100.7M$98.0M$109.3M$132.4M$69.5M
Assets$10.1M$16.9M$24.1M$43.5M$43.7M$53.5M$70.4M$83.5M$96.4M$108.2M$104.3M$115.3M$137.0M$77.3M
Accounts Payable Current$2.5M$1.8M$1.5M$1.6M$506.0K$806.0K$1.4M$1.0M$1.5M$1.8M$1.4M$1.3M$1.3M$1.7M
Minority Interest-$4.1M-$3.6M-$2.3M$2.7M$2.7M$7.1M$17.3M$24.1M$30.9M$44.4M$50.8M$57.3M$80.3M
Preferred Stock Value$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
Long Term Debt Noncurrent$0.00$2.2M$5.9M$13.5M$17.2M$20.9M$28.1M$29.3M$29.2M$14.1M$0.00$0.00
Operating Lease Right Of Use Asset Amortization Expense$477.0K$378.0K$260.0K$157.0K$0.00
Operating Lease Right Of Use Asset$4.0M$4.4M$4.7M$5.4M$5.8M$6.0M$959.0K$1.2M$1.4M$1.3M$999.0K$1.2M
Operating Lease Liability Noncurrent$3.0M$3.2M$3.4M$4.0M$4.4M$4.7M$171.0K$338.0K$500.0K$318.0K$341.0K$509.0K
Operating Lease Liability Current$1.0M$1.2M$1.3M$1.4M$1.4M$1.2M$788.0K$856.0K$923.0K$984.0K$658.0K$650.0K
Right Of Use Asset Obtained In Exchange For Operating Lease Liability$0.00$4.7M$0.00$0.00
Marketable Securities$0.00$0.00$5.7M$26.1M$26.4M$32.7M$55.6M$67.1M$67.8M$71.0M
Accumulated Other Comprehensive Income Loss Net Of Tax$3.0K$3.0K$2.0K$8.0K-$5.0K-$11.0K-$41.0K-$63.0K-$10.0K-$57.0K
Accretion Amortization Of Discounts And Premiums Investments$150.0K$340.0K$699.0K$0.00
Long Term Debt Current$13.5M$15.0M$15.0M$14.8M$12.3M$8.6M$1.2M$0.00$3.9M
Accrued Liabilities And Other Liabilities$2.1M$2.6M$2.3M$1.9M$2.4M$2.8M$3.9M$3.8M$2.7M
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations$97.2M$107.8M$117.5M$129.7M$69.3M$76.7M$73.1M$11.4M$7.9M
Other Operating Activities Cash Flow Statement$0.00$67.0K
Other Assets Noncurrent$245.0K$293.0K$246.0K$246.0K$246.0K$246.0K

Cash Flow Statement

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Payments To Acquire Property Plant And Equipment$88.0K$268.0K$1.2M$1.6M$506.0K$1.2M
Net Cash Provided By Used In Operating Activities-$18.7M-$35.5M-$51.2M-$46.5M-$32.2M-$15.0M
Net Cash Provided By Used In Investing Activities-$7.0M$19.8M$29.9M-$72.4M-$506.0K-$1.2M
Net Cash Provided By Used In Financing Activities$40.3M$13.6M$233.0K$29.0M$77.1M$72.7M
Increase Decrease In Prepaid Deferred Expense And Other Assets$192.0K-$631.0K-$282.0K-$505.0K$2.0M$9.0K
Increase Decrease In Accrued Liabilities$3.2M$350.0K-$540.0K$605.0K$739.0K-$636.0K
Increase Decrease In Accounts Payable Trade-$1.1M$711.0K-$595.0K$163.0K$543.0K$933.0K
Share Based Compensation$11.8M$16.0M$19.0M$15.8M$22.6M
Proceeds From Stock Plans$12.0K$15.0K$40.0K$46.0K$0.00
Increase Decrease In Operating Lease Liability-$1.9M-$1.8M-$1.0M-$764.0K$0.00
Payments To Acquire Marketable Securities$33.7M$57.5M$73.3M$73.8M$0.00
Payments Related To Tax Withholding For Share Based Compensation$59.0K$47.0K$162.0K$626.0K$0.00
Proceeds From Sale And Maturity Of Marketable Securities$26.8M$77.6M$104.4M$3.0M$0.00
Proceeds From Issuance Of Common Stock Under The Employee Stock Purchase Plan$61.0K$304.0K$355.0K$271.0K$0.00
Increase Decrease In Deferred Revenue$8.5M$0.00$0.00-$2.7M$2.5M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ1 2025Q3 2024Q1 2024Q1 2023Q1 2022Q1 2021
Payments To Acquire Property Plant And Equipment$51.0K$18.0K$248.0K$254.0K$99.0K
Net Cash Provided By Used In Operating Activities-$8.1M-$9.4M-$12.2M-$9.4M-$4.0M
Net Cash Provided By Used In Investing Activities$18.2M$10.3M$4.1M-$254.0K-$99.0K
Net Cash Provided By Used In Financing Activities-$3.7M$121.0K$8.0K$0.00$7.8M
Increase Decrease In Prepaid Deferred Expense And Other Assets-$347.0K-$499.0K-$316.0K-$721.0K-$27.0K
Increase Decrease In Accrued Liabilities$170.0K$884.0K$323.0K$653.0K$821.0K
Increase Decrease In Accounts Payable Trade$161.0K$158.0K$76.0K$78.0K$385.0K
Share Based Compensation$3.9M$3.9M$4.4M$2.9M$453.0K
Proceeds From Stock Plans$42.0K$8.9M$121.0K$132.0K$0.00
Increase Decrease In Operating Lease Liability-$478.0K-$378.0K-$259.0K-$157.0K$0.00
Payments To Acquire Marketable Securities$2.7M$10.0M$18.6M$0.00
Payments Related To Tax Withholding For Share Based Compensation$23.0K$0.00$124.0K$0.00
Proceeds From Sale And Maturity Of Marketable Securities$21.0M$20.4M$23.0M$0.00
Proceeds From Issuance Of Common Stock Under The Employee Stock Purchase Plan
Increase Decrease In Deferred Revenue$0.00-$756.0K

Per-Share & Share Counts

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021
Diluted EPS *-$0.45-$1.05-$1.33-$1.28-$0.43
Earnings Per Share Basic$-0.45$-1.05$-1.33$-1.28$-0.43
Weighted Average Number Of Shares Outstanding Basic66.1K28.5K25.5K23.8K19.5K
Weighted Average Number Of Diluted Shares Outstanding66.1K28.5K25.5K23.8K19.5K
Preferred Stock Shares Outstanding0.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.00
Preferred Stock Shares Authorized20.0M20.0M20.0M20.0M20.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q2 2020
Diluted EPS *-$0.12-$0.18-$0.22-$0.24-$0.26-$0.29-$0.36-$0.37-$0.33$0.33$0.31$0.29-$0.16-$0.12-$0.06
Earnings Per Share Basic$-0.12$-0.18$-0.22$-0.24$-0.26$-0.29$-0.36$-0.37$-0.33$0.33$0.31$0.29$-0.16
Weighted Average Number Of Shares Outstanding Basic46.4M36.5M33.4M28.8M26.3M26.0M25.6M25.3M25.2M24.5M24.4M21.4M19.4M
Weighted Average Number Of Diluted Shares Outstanding46.4M36.5M33.4M28.8M26.3M26.0M25.6M25.3M25.2M24.5M24.4M21.4M19.4M
Preferred Stock Shares Outstanding0.000.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Issued0.000.000.000.000.000.000.000.000.000.000.000.000.00
Preferred Stock Shares Authorized20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M20.0M
Preferred Stock Par Or Stated Value Per Share$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00

Other Metrics

Annual (10-K / 20-F)

Metric \ Fiscal YearFY2025FY2024FY2023FY2022FY2021FY2020
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$11.8M$16.0M$19.0M$15.8M$17.3M
Interest And Other Income$827.0K$1.8M$3.3M$1.2M$89.0K
Prepaid Expense Current$1.6M$1.7M$2.3M$2.4M$2.1M$167.0K
Additional Paid In Capital$165.6M$104.9M$85.8M$75.8M$55.7M$0.00
Adjustments To Additional Paid In Capital Other-$59.0K$4.0K-$162.0K-$626.0K
Capital Expenditures Incurred But Not Yet Paid$0.00$18.0K$355.0K$145.0K
Prepaid Interest$121.0K$9.0K$148.0K$44.0K$0.00
Exchanges Of Paired Interests And Non Corresponding Class A Units$298.0K$721.0K$169.0K$78.5M$0.00
Amortization Of Financing Costs And Discounts$207.0K$232.0K$232.0K$77.0K$0.00
Depreciation And Amortization$900.0K$1.0M$822.0K$548.0K$497.0K
Fair Value Adjustment Of Warrants$0.00$371.0K$63.0K
Partners Capital-$113.3M

Quarterly (10-Q, single quarters)

Metric \ QuarterQ3 2025Q2 2025Q1 2025Q3 2024Q2 2024Q1 2024Q3 2023Q2 2023Q1 2023Q3 2022Q2 2022Q1 2022Q3 2021Q2 2021Q1 2021Q3 2020Q2 2020Q1 2020Q4 2019
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value$2.3M$3.3M$3.9M$4.0M$4.1M$3.9M$5.0M$5.1M$4.4M$4.4M$4.0M$2.9M$17.0M$282.0K$453.0K
Interest And Other Income$68.0K$158.0K$218.0K$414.0K$439.0K$549.0K$839.0K$896.0K$891.0K$379.0K$35.0K$15.0K$13.0K$13.0K
Prepaid Expense Current$811.0K$857.0K$1.3M$2.0M$1.1M$1.8M$2.7M$1.8M$1.8M$812.0K$1.4M$2.6M$165.0K
Additional Paid In Capital$114.4M$111.3M$107.1M$97.1M$90.0M$87.8M$83.4M$80.7M$78.0M$72.4M$70.0M$67.9M$54.5M
Adjustments To Additional Paid In Capital Other-$7.0K-$8.0K-$23.0K-$1.0K$14.0K-$29.0K-$9.0K-$124.0K-$626.0K
Capital Expenditures Incurred But Not Yet Paid$0.00$48.0K$85.0K$135.0K$58.0K
Prepaid Interest$13.0K$18.0K$17.0K$29.0K$51.0K$166.0K$188.0K$186.0K$125.0K$30.0K$0.00$0.00$0.00
Exchanges Of Paired Interests And Non Corresponding Class A Units$0.00$298.0K$0.00$73.2M
Amortization Of Financing Costs And Discounts$58.0K$58.0K$58.0K$0.00
Depreciation And Amortization$251.0K$248.0K$188.0K$111.0K
Fair Value Adjustment Of Warrants$0.00$0.00$85.0K$70.0K$216.0K$0.00-$672.0K
Partners Capital-$123.7M-$118.5M-$107.6M-$104.7M-$102.0M-$96.6M

Most recent annual filing with the SEC: March 26, 2026

Data sourced from SEC EDGAR public filings as of August 6, 2026.