Rani Therapeutics Holdings $RANI

Health Care

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Rani Therapeutics Holdings (RANI) is a Health Care company. Latest news and coverage below.

IPO: July 30, 2021 · $11.00 offering · NASDAQ · View IPO details →

Rani Therapeutics Holdings revenue & net income history (FY2020–FY2025)

RevenueNet income
$2.72M−$15.6M−$34.0MFY2020 revenue: $462.0KFY2020 net income: −$16.7M'20FY2021 revenue: $2.72MFY2021 net income: −$8.33M'21FY2022 revenue: $0FY2022 net income: −$30.6M'22FY2023 revenue: $0FY2023 net income: −$34.0M'23FY2024 revenue: $1.03MFY2024 net income: −$30.0M'24FY2025 revenue: $1.63MFY2025 net income: −$29.7M'25
Rani Therapeutics Holdings annual financial statements
FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$462.0K$2.72M$0$0$1.03M$1.63M
Growth (year over year)—+488.1%−100.0%——+58.9%
Operating income−$16.5M−$51.6M−$63.5M−$66.1M−$53.3M−$38.3M
Operating margin−3581.0%−1899.1%——−5186.2%−2346.0%
Net income−$16.7M−$8.33M−$30.6M−$34.0M−$30.0M−$29.7M
Net margin−3615.4%−306.6%——−2920.0%−1817.1%
EPS (diluted)—−$0.43−$1.28−$1.33−$1.05−$0.45
Balance sheet
Cash and equivalents$73.1M$117.5M$27.0M$5.86M$3.76M$18.6M
Total assets$79.4M$124.2M$108.0M$57.9M$36.6M$58.6M
Total liabilities$8.04M$2.64M$34.0M$32.5M$33.1M$17.1M
Long-term debt$2.41M$0$29.1M$24.5M$9.61M$0
Shareholders' equity−$113.3M$47.4M$36.9M$12.9M$1.99M$33.0M
Cash flow
Operating cash flow−$15.0M−$32.2M−$46.5M−$51.2M−$35.5M−$18.7M
Capital expenditure$1.20M$506.0K$1.62M$1.23M$268.0K$88.0K
Free cash flow−$16.2M−$32.8M−$48.1M−$52.5M−$35.8M−$18.8M

From Rani Therapeutics Holdings's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Filings on SEC EDGAR →

About Rani Therapeutics Holdings

Headquarters
San Jose, California From SEC filings, Oct 2026

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