RANI Chart
About

Rani Therapeutics Holdings, Inc. operates as a clinical stage biotherapeutics company, focusing on technologies to enable the administration of biologics and drugs orally for patients, physicians, and healthcare systems with a alternative to painful injections in the United States. The company develops the RaniPill capsule, a drug-agnostic oral delivery platform to deliver a variety of drug substances, including oligonucleotides, peptides, proteins, and antibodies. Its product pipeline includes RT-102, a parathyroid hormone that is in Phase I clinical trial for the treatment of osteoporosis; RT-105, an anti-TNF-alpha antibody that is in preclinical studies to treat psoriatic arthritis; RT-110, a parathyroid hormone for the treatment of hypoparathyroidism; RT-116 which is in discovery stage for the treatment of obesity; and RT-111, an ustekinumab biosimilar for the treatment of various inflammatory conditions. The has a collaboration agreement with ProGen Co., Ltd. for the o-development and commercialization of RT-114 to treat obesity. Rani Therapeutics Holdings, Inc. was founded in 2012 and is headquartered in San Jose, California.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Biotechnology Market Cap 161.89M
Enterprise Value 138.05M Income -28.32M Sales 1.20M
Book/sh -0.16 Cash/sh 0.04 Dividend Yield
Payout 0.00% Employees 105 IPO
P/E Forward P/E -4.17 PEG
P/S 134.91 P/B -8.05 P/C
EV/EBITDA -3.45 EV/Sales 115.04 Quick Ratio 0.22
Current Ratio 0.26 Debt/Eq LT Debt/Eq
EPS (ttm) -0.77 EPS next Y -0.32 EPS Growth
Revenue Growth Earnings 2026-03-31 ROA -95.52%
ROE ROIC Gross Margin 100.00%
Oper. Margin -34.18% Profit Margin 0.00% Shs Outstand 97.55M
Shs Float 62.15M Short Float 12.20% Short Ratio 12.83
Short Interest 52W High 3.87 52W Low 0.39
Beta 0.41 Avg Volume 1.18M Volume 610.72K
Target Price $8.00 Recom Strong_buy Prev Close $1.32
Price $1.32 Change 0.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$8.00
Mean price target
2. Current target
$1.32
Latest analyst target
3. DCF / Fair value
$-2.14
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.32
Low
$5.00
High
$11.00
Mean
$8.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-09 reit HC Wainwright & Co. Buy → Buy $11
2025-10-20 main Maxim Group Buy → Buy $10
2025-05-16 main Oppenheimer Outperform → Outperform $4
2025-04-03 reit HC Wainwright & Co. Buy → Buy $9
2025-02-26 main Canaccord Genuity Buy → Buy $9
2025-02-07 reit HC Wainwright & Co. Buy → Buy $9
2024-11-19 reit HC Wainwright & Co. Buy → Buy $9
2024-10-18 reit HC Wainwright & Co. Buy → Buy $9
2024-08-16 main HC Wainwright & Co. Buy → Buy $9
2024-08-02 init Oppenheimer — → Outperform $17
2024-06-25 reit HC Wainwright & Co. Buy → Buy $13
2024-06-14 init Maxim Group — → Buy $15
2024-06-13 init Rodman & Renshaw — → Buy $10
2024-05-09 main BTIG Buy → Buy $14
2024-05-07 main HC Wainwright & Co. Buy → Buy $13
2024-03-27 main Canaccord Genuity Buy → Buy $9
2024-03-25 main HC Wainwright & Co. Buy → Buy $12
2024-02-06 reit Wedbush Outperform → Outperform $8
2023-11-09 main HC Wainwright & Co. Buy → Buy $16
2023-09-20 reit HC Wainwright & Co. Buy → Buy $20
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2083334 4354168 Purchase at price 2.09 per share. IMRAN MIR A Director and Beneficial Owner of more than 10% of a Class of Security 2025-10-23 00:00:00 D
1 5923000 15711314 Sale at price 2.41 - 2.77 per share. SOUTH CONE INVESTMENTS L.P. Beneficial Owner of more than 10% of a Class of Security 2025-10-21 00:00:00 I
2 17960 29993 Purchase at price 1.67 per share. MCKINLEY KATE Officer 2024-12-13 00:00:00 D
3 10296 19974 Purchase at price 1.94 per share. IMRAN TALAT Chief Executive Officer 2024-12-09 00:00:00 D
4 3829360 8118243 Sale at price 2.12 per share. SOUTH CONE INVESTMENTS L.P. Beneficial Owner of more than 10% of a Class of Security 2024-10-15 00:00:00 I
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.00-289.17K
TaxRateForCalcs0.000.000.000.27
NormalizedEBITDA-46.81M-61.98M-61.66M-51.01M
TotalUnusualItems-3.71M0.000.00-1.07M
TotalUnusualItemsExcludingGoodwill-3.71M0.000.00-1.07M
NetIncomeFromContinuingOperationNetMinorityInterest-30.02M-33.97M-30.59M-8.33M
ReconciledDepreciation1.03M822.00K548.00K497.00K
EBITDA-50.52M-61.98M-61.66M-52.08M
EBIT-51.55M-62.80M-62.20M-52.58M
NetInterestIncome-3.27M-1.78M177.00K-377.00K
InterestExpense5.03M5.08M1.07M466.00K
InterestIncome1.76M3.30M1.25M89.00K
NormalizedIncome-26.30M-33.97M-30.59M-7.55M
NetIncomeFromContinuingAndDiscontinuedOperation-30.02M-33.97M-30.59M-8.33M
TotalExpenses50.63M66.10M63.45M54.32M
TotalOperatingIncomeAsReported-53.31M-66.10M-63.45M-51.60M
DilutedAverageShares28.48M25.50M23.82M19.53M
BasicAverageShares28.48M25.50M23.82M19.53M
DilutedEPS-1.05-1.33-1.28-0.43
BasicEPS-1.05-1.33-1.28-0.43
DilutedNIAvailtoComStockholders-30.02M-33.97M-30.59M-8.33M
NetIncomeCommonStockholders-30.02M-33.97M-30.59M-8.33M
NetIncome-30.02M-33.97M-30.59M-8.33M
MinorityInterests26.57M33.91M32.76M44.76M
NetIncomeIncludingNoncontrollingInterests-56.58M-67.88M-63.34M-53.09M
NetIncomeContinuousOperations-56.58M-67.88M-63.34M-53.09M
TaxProvision0.0070.00K41.00K
PretaxIncome-56.58M-67.88M-63.27M-53.05M
OtherIncomeExpense-3.71M-1.07M
SpecialIncomeCharges-3.71M0.000.00-700.00K
OtherSpecialCharges700.00K
ImpairmentOfCapitalAssets3.71M0.00
GainOnSaleOfSecurity-371.00K
NetNonOperatingInterestIncomeExpense-3.27M-1.78M177.00K-377.00K
InterestExpenseNonOperating5.03M5.08M1.07M466.00K
InterestIncomeNonOperating1.76M3.30M1.25M89.00K
OperatingIncome-49.60M-66.10M-63.45M-51.60M
OperatingExpense50.63M66.10M63.45M54.32M
ResearchAndDevelopment26.68M39.62M36.61M26.48M
SellingGeneralAndAdministration23.95M26.48M26.84M27.83M
GeneralAndAdministrativeExpense23.95M26.48M26.84M27.83M
OtherGandA23.95M26.48M26.84M27.83M
TotalRevenue1.03M0.000.002.72M
OperatingRevenue1.03M0.000.002.72M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber33.43M26.04M25.30M19.71M
ShareIssued33.43M26.04M25.30M19.71M
NetDebt20.85M23.52M2.14M
TotalDebt29.71M30.10M30.21M0.00
TangibleBookValue1.99M12.87M36.85M47.41M
InvestedCapital26.61M42.25M66.00M47.41M
WorkingCapital9.85M42.86M96.11M116.95M
NetTangibleAssets1.99M12.87M36.85M47.41M
CapitalLeaseObligations5.10M718.00K1.06M0.00
CommonStockEquity1.99M12.87M36.85M47.41M
TotalCapitalization11.61M37.35M66.00M47.41M
TotalEquityGrossMinorityInterest3.49M25.44M74.00M121.57M
MinorityInterest1.50M12.58M37.15M74.16M
StockholdersEquity1.99M12.87M36.85M47.41M
GainsLossesNotAffectingRetainedEarnings5.00K-12.00K-73.00K0.00
RetainedEarnings-102.91M-72.89M-38.92M-8.33M
AdditionalPaidInCapital104.89M85.76M75.84M55.74M
CapitalStock5.00K5.00K5.00K5.00K
CommonStock5.00K5.00K5.00K5.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest33.14M32.47M34.02M2.64M
TotalNonCurrentLiabilitiesNetMinorityInterest13.25M24.48M29.21M0.00
PreferredSecuritiesOutsideStockEquity0.00
DerivativeProductLiabilities0.00
LongTermDebtAndCapitalLeaseObligation13.25M24.48M29.21M0.00
LongTermCapitalLeaseObligation3.64M0.0059.00K0.00
LongTermDebt9.61M24.48M29.15M
CurrentLiabilities19.89M7.99M4.82M2.64M
OtherCurrentLiabilities283.00K254.00K538.00K398.00K
CurrentDeferredLiabilities0.00
CurrentDeferredRevenue0.00
CurrentDebtAndCapitalLeaseObligation16.46M5.62M1.01M
CurrentCapitalLeaseObligation1.46M718.00K1.01M0.00
CurrentDebt15.00M4.90M
OtherCurrentBorrowings15.00M4.90M
PayablesAndAccruedExpenses3.15M2.12M3.27M2.24M
CurrentAccruedExpenses1.79M1.47M1.76M1.04M
InterestPayable931.00K500.00K69.00K
Payables1.36M648.00K1.51M1.21M
DuetoRelatedPartiesCurrent52.00K53.00K126.00K
AccountsPayable1.36M648.00K1.46M1.08M
TotalAssets36.63M57.92M108.03M124.21M
TotalNonCurrentAssets6.89M7.07M7.10M4.61M
OtherNonCurrentAssets246.00K246.00K
NetPPE6.64M6.82M7.10M4.61M
AccumulatedDepreciation-4.64M-3.67M-2.85M-2.33M
GrossPPE11.28M10.49M9.95M6.94M
Leases1.66M1.59M1.55M1.23M
ConstructionInProgress31.00K3.90M4.42M3.87M
OtherProperties9.33M4.74M3.73M1.73M
MachineryFurnitureEquipment269.00K261.00K261.00K102.00K
Properties0.000.000.000.00
CurrentAssets29.74M50.85M100.92M119.59M
OtherCurrentAssets1.68M2.31M2.44M2.14M
RestrictedCash500.00K0.00
PrepaidAssets2.14M
Receivables428.00K0.000.00
OtherReceivables428.00K
NotesReceivable0.00
CashCashEquivalentsAndShortTermInvestments27.64M48.54M98.48M117.45M
OtherShortTermInvestments23.88M42.67M71.47M0.00
CashAndCashEquivalents3.76M5.86M27.01M117.45M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-35.76M-52.47M-48.13M-32.75M
RepaymentOfDebt-5.00M0.000.00-4.57M
IssuanceOfDebt0.0029.57M1.72M
IssuanceOfCapitalStock18.26M0.000.0079.97M
CapitalExpenditure-268.00K-1.23M-1.62M-506.00K
InterestPaidSupplementalData4.11M4.18M730.00K285.00K
IncomeTaxPaidSupplementalData0.0035.00K48.00K73.00K
EndCashPosition4.26M6.36M27.51M117.45M
BeginningCashPosition6.36M27.51M117.45M73.06M
ChangesInCash-2.10M-21.14M-89.95M44.40M
FinancingCashFlow13.59M233.00K29.00M77.15M
CashFlowFromContinuingFinancingActivities13.59M233.00K29.00M77.15M
NetOtherFinancingCharges-47.00K-162.00K-886.00K
ProceedsFromStockOptionExercised370.00K395.00K317.00K26.00K
NetPreferredStockIssuance0.006.32M
PreferredStockIssuance0.006.32M
NetCommonStockIssuance18.26M0.000.0073.65M
CommonStockIssuance18.26M0.000.0073.65M
NetIssuancePaymentsOfDebt-5.00M0.0029.57M-2.85M
NetLongTermDebtIssuance-5.00M0.0029.57M-2.85M
LongTermDebtPayments-5.00M0.000.00-4.57M
LongTermDebtIssuance0.0029.57M1.72M
InvestingCashFlow19.81M29.86M-72.44M-506.00K
CashFlowFromContinuingInvestingActivities19.81M29.86M-72.44M-506.00K
NetInvestmentPurchaseAndSale20.08M31.09M-70.82M0.00
SaleOfInvestment77.55M104.35M3.00M0.00
PurchaseOfInvestment-57.47M-73.26M-73.82M0.00
NetPPEPurchaseAndSale-268.00K-1.23M-1.62M-506.00K
PurchaseOfPPE-268.00K-1.23M-1.62M-506.00K
OperatingCashFlow-35.50M-51.24M-46.52M-32.24M
CashFlowFromContinuingOperatingActivities-35.50M-51.24M-46.52M-32.24M
ChangeInWorkingCapital-544.00K-2.14M509.00K-3.43M
ChangeInOtherWorkingCapital-2.72M
ChangeInOtherCurrentLiabilities-1.81M-1.04M-764.00K0.00
ChangeInOtherCurrentAssets0.00-245.00K0.00
ChangeInPayablesAndAccruedExpense1.06M-1.14M768.00K1.26M
ChangeInAccruedExpense350.00K-540.00K605.00K739.00K
ChangeInPayable711.00K-595.00K163.00K524.00K
ChangeInAccountPayable711.00K-595.00K163.00K543.00K
ChangeInPrepaidAssets631.00K282.00K505.00K-1.98M
ChangeInReceivables-428.00K0.00
OtherNonCashItems2.04M1.27M841.00K109.00K
StockBasedCompensation16.03M19.01M15.78M22.59M
AssetImpairmentCharge3.71M0.00
AmortizationOfSecurities-1.25M-2.32M-851.00K0.00
DepreciationAmortizationDepletion1.03M822.00K548.00K497.00K
DepreciationAndAmortization1.03M822.00K548.00K497.00K
Depreciation800.00K500.00K
OperatingGainsLosses65.00K1.07M
GainLossOnInvestmentSecurities371.00K
GainLossOnSaleOfPPE65.00K0.00
NetIncomeFromContinuingOperations-56.58M-67.88M-63.34M-53.09M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for RANI
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status