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Companies / Health Care / Rani Therapeutics Holdings, Inc.
RANI

Rani Therapeutics Holdings, Inc.

Health CarePharmaceutical Preparations
Ticker RANISAN JOSE, CAFiscal year ends DecemberBook value per share $0.22Diluted shares 180.0M

Rani Therapeutics Holdings, Inc. (Nasdaq: RANI) is a clinical-stage biotherapeutics company developing oral delivery technology for biologics and drugs, including antibodies, proteins, peptides and oligonucleotides. Its proprietary RaniPill capsule is designed to pass through the stomach and deliver a drug into the… From the company’s description.

In fiscal 2025, Rani Therapeutics Holdings, Inc. reported revenue of $1.63M, up 58.9% from fiscal 2024, and a net loss of $40.95M. Operations used $18.71M in cash. Over the twelve months to Jun 30, 2026, revenue was $4.88M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.63MFY2025
+58.9% year over year
Last 12 mo $4.88M
-2345.99%FY2025
+2840.2 percentage points
Last 12 mo -675.80%
$-40.95MFY2025
+27.6% year over year
Last 12 mo $-33.42M
-89.89%FY2025
+1417 percentage points
Last 12 mo -76.82%
Cash & financing
$-18.71MFY2025
+47.3% year over year
Last 12 mo $-20.29M
$-18.80MFY2025
+47.4% year over year
Last 12 mo $-20.34M
0.00FY2025
Was 12.36× a year earlier
66.1KFY2025
+132.3% year over year
Last 12 mo 180.0M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Rani Therapeutics Holdings, Inc. does

In the company’s own words

Rani Therapeutics Holdings, Inc. (Nasdaq: RANI) is a clinical-stage biotherapeutics company developing oral delivery technology for biologics and drugs, including antibodies, proteins, peptides and oligonucleotides. Its proprietary RaniPill capsule is designed to pass through the stomach and deliver a drug into the small-intestinal wall; the RaniPill GO accommodates up to 3 mg in microtablet form, while the RaniPill HC is designed for liquid payloads up to 200 microliters. The company develops its own oral drug candidates and partners with biopharmaceutical companies to adapt their medicines for oral delivery. Its programs include RT-114, a GLP-1/GLP-2 dual agonist for obesity, and RT-117, a hemophilia antibody program with Chugai Pharmaceutical; RT-114 is also partnered with ProGen. Rani reported a $10 million upfront payment under the Chugai collaboration in 2025. The company has no approved products or commercial product sales. Its website is www.ranitherapeutics.com.

Company details
Sector
Health Care
Industry (SIC)
Pharmaceutical Preparations
Headquarters
SAN JOSE, CA
Fiscal year end
December
CIK
1856725
SIC
2834

Financial performance, year by year

Fiscal 2021–2025 · USD
$-75.16M$-53.33M$-31.50M$-9.68M$12.15M20212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Rani Therapeutics Holdings, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

13
funds hold it
0 of 35
superinvestors hold it
$4.26M
held by funds, at market
4.7%
of shares held by funds

Largest fund holders · Rani Therapeutics Holdings, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Total Market Index Fund
FSKAX · Fidelity Concord Street Trust
—of fund net assets
Fidelity Series Total Market Index Fund
FCFMX · Fidelity Concord Street Trust
—of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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