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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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Home›RANI›Financials
Annual statements · SEC XBRL · FY2020 – FY2025

Rani Therapeutics Holdings, Inc. (RANI) financials

Income statement

Rani Therapeutics Holdings, Inc. (RANI) income statement, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Revenue$462K$2.72M$0.00$0.00$1.03M$1.63M
Revenue growth—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

Cash flow

Rani Therapeutics Holdings, Inc. (RANI) cash flow, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$15.0M-$32.2M-$46.5M-$51.2M-$35.5M-$18.7M
Capital expenditures$1.20M$506K$1.62M$1.23M$268K$88.0K
Free cash flow-$16.2M-$32.8M-$48.1M-$52.5M-$35.8M-$18.8M

Balance sheet

Rani Therapeutics Holdings, Inc. (RANI) balance sheet, annual, from SEC filings
Fiscal yearFY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$73.1M$117M$27.0M$5.86M$3.76M$18.6M
Total assets$79.4M$124M$108M$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$0.00$29.1M$24.5M$9.61M$0.00
Shareholders' equity-$113M$47.4M$36.9M$12.9M$1.99M$33.0M
Retained earnings-$114M-$8.33M-$38.9M-$72.9M-$103M-$133M
Shares (wtd avg diluted)—19.5B23.8B25.5B28.5B66.1B

Every figure is extracted from Rani Therapeutics Holdings, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Rani Therapeutics Holdings, Inc.'s annual revenue?
Rani Therapeutics Holdings, Inc. (RANI) reported $1.63M of revenue for fiscal year 2025 — up 58.9% from $1.03M in FY2024, per its annual report filed with the SEC.
Is Rani Therapeutics Holdings, Inc. profitable?
Not in FY2025 — RANI reported a net loss of $29.7M, per SEC filings.
What is Rani Therapeutics Holdings, Inc.'s free cash flow?
-$18.8M in FY2025 (operating cash flow -$18.7M minus $88.0K of capital expenditures), from the SEC cash-flow statement.
Does RANI pay a dividend?
Rani Therapeutics Holdings, Inc. reported no cash dividends paid in FY2025, per its SEC cash-flow statement.
Full RANI analysis — verdict, score & filings →Is RANI a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.