FY2025 · ended Dec 31, 2025 · Revenue $1.63M, +58.9% YoY · Filed Mar 26, 2026
Rani Therapeutics Holdings, Inc. (RANI) files with the SEC under industry code 2834, Pharmaceutical Preparations. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $1.6 million and a net loss of $29.7 million. Free cash flow was -$18.8 million. As of Jun 30, 2026 it held $56.1 million in cash and investments and $3.5 million in total debt.
Revenue (TTM)
$4.88M
Net income (TTM)
$-30.14M
-1.5% vs year-ago TTM
Operating cash flow (TTM)
$-20.29M
+34.6% vs year-ago TTM
Free cash flow (TTM)
$-20.34M
+34.9% vs year-ago TTM
EPS (TTM)
$-0.42
+93.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
—
Net cash
$52.51M
as of Jun 30, 2026
Operating margin
-675.8%
FY 2026
Company profile
- Industry
- Pharmaceutical Preparations (SIC 2834)
- Listed as
- RANI (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- CA
- Headquarters
- San Jose, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company, Emerging growth company
- SEC CIK
- 1856725
Other Pharmaceutical Preparations companies
- ELI LILLY & Co LLY
- Johnson & Johnson JNJ
- AbbVie Inc. ABBV
- Merck & Co., Inc. MRK
- Novartis AG NVS
- Astrazeneca PLC AZN
- Abbott Laboratories ABT
- Novo Nordisk A S NVO
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $1.6M | $1.0M | — | $0 | $2.7M |
| Operating income | -$38.3M | -$53.3M | -$66.1M | -$63.5M | -$51.6M |
| Net income | -$29.7M | -$30.0M | -$34.0M | -$30.6M | -$8.3M |
| Diluted EPS | -$0.45 | -$1.05 | -$1.33 | -$1.28 | — |
| Operating cash flow | -$18.7M | -$35.5M | -$51.2M | -$46.5M | -$32.2M |
| Free cash flow | -$18.8M | -$35.8M | -$52.5M | -$48.1M | -$32.8M |
| Total assets | $58.6M | $36.6M | $57.9M | $108.0M | $124.2M |
| Total liabilities | $17.1M | $33.1M | $32.5M | $34.0M | $2.6M |
| Stockholders' equity | $33.0M | $2.0M | $12.9M | $36.9M | $47.4M |
| Cash and investments | $67.1M | $29.5M | $52.4M | $125.5M | $117.5M |
| Total debt | $4.3M | $30.1M | $30.7M | $31.1M | — |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Aug 13, 2026 | Aug 13, 2026 |
| 8-K |
Current report
Officer or director change
|
Aug 4, 2026 | Aug 1, 2026 |
| 8-K |
Current report
Officer or director change
|
Jun 30, 2026 | Jun 24, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 29, 2026 | May 28, 2026 |
| 8-K |
Current report
Other events
|
May 27, 2026 | May 26, 2026 |
All 380 Rani Therapeutics Holdings, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.