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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-105, an anti-TNF-alpha antibody that is in preclinical studies to treat rheumatoid arthritis; RT-116 which is in discovery stage for the treatment of obesity; RT-117 for rare diseases; and RT-111, an ustekinumab biosimilar for the treatment of various inflammatory conditions. The company has a collaboration agreement with ProGen Co., Ltd. for the o-development and commercialization of RT-114 to treat obesity; Chugai Pharmaceutical Co., Ltd. to commercialize the Chugai Product combining Chugai's Compound, which is in development for hemophilia, and the RaniPill HC oral delivery device for use in humans; and has a research and development collaboration with PegBio Co., Ltd. to expand obesity pipeline across multiple novel candidates. Rani Therapeutics Holdings, Inc. was founded in 2012 and is headquartered in San Jose, California.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | -40.95M | -30.02M | -67.88M | -63.27M | -53.05M |
| Minority interest | 11.28M | 26.57M | 35.51M | -32.76M | 44.76M |
| Net income | -29.67M | -30.02M | -33.97M | -63.34M | -53.09M |
| Selling general administrative | 19.74M | 23.95M | 26.48M | 26.84M | 27.83M |
| Selling and marketing expenses | - | - | 0.82M | - | - |
| Gross profit | 0.73M | 1.03M | -0.82M | - | 2.72M |
| Reconciled depreciation | 0.90M | 1.03M | 0.77M | 0.55M | 0.50M |
| Ebit | -38.06M | -51.55M | -62.80M | -63.45M | -51.60M |
| Ebitda | -37.16M | -50.52M | -61.98M | -62.20M | -51.51M |
| Depreciation and amortization | 0.90M | 1.03M | 0.82M | 1.25M | 0.09M |
| Non operating income net other | - | - | - | 1.25M | - |
| Operating income | -38.31M | -53.31M | -66.10M | -63.45M | -51.60M |
| Other operating expenses | 39.94M | 54.34M | 66.10M | 63.45M | 54.32M |
| Interest expense | 2.89M | 5.03M | 5.08M | 1.07M | 0.47M |
| Tax provision | - | - | -0.04M | 0.07M | 0.04M |
| Interest income | 0.83M | 1.76M | 3.44M | 1.25M | 0.09M |
| Net interest income | -2.06M | -3.27M | -1.06M | 0.18M | -0.38M |
| Income tax expense | - | 26.57M | -33.91M | 0.07M | 0.04M |
| Total revenue | 1.63M | 1.03M | 0.00M | 0.00M | 2.72M |
| Total operating expenses | 39.04M | 54.34M | 65.28M | 63.45M | 54.32M |
| Cost of revenue | 0.90M | - | 0.82M | - | - |
| Total other income expense net | -2.64M | 23.30M | -1.78M | 0.18M | -1.45M |
| Net income from continuing ops | -40.95M | -56.58M | -71.17M | -63.34M | -53.09M |
| Net income applicable to common shares | - | - | - | -61.18M | -8.33M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 58.62M | 36.63M | 57.92M | 108.03M | 124.21M |
| Other current assets | 1.57M | 1.68M | 1.31M | 1.94M | 2.14M |
| Total liab | 17.11M | 33.14M | 32.47M | 34.02M | 2.64M |
| Total stockholder equity | 33.01M | 1.99M | 12.87M | 36.85M | 47.41M |
| Other current liab | 3.94M | 2.07M | 1.73M | 2.35M | 1.56M |
| Common stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Capital stock | 0.01M | 0.01M | 0.01M | 0.01M | 0.01M |
| Retained earnings | -132.58M | -102.91M | -72.89M | -38.92M | -8.33M |
| Other assets | - | - | 0.00M | - | - |
| Cash | 18.62M | 3.76M | 6.36M | 27.01M | 117.45M |
| Total current liabilities | 12.67M | 19.89M | 7.99M | 4.82M | 2.64M |
| Current deferred revenue | 6.83M | -1.46M | - | - | - |
| Net debt | -14.30M | 25.95M | 23.73M | 3.21M | -117.45M |
| Short term debt | 1.59M | 16.46M | 5.62M | 1.01M | - |
| Short long term debt | - | 15.00M | 4.90M | - | - |
| Short long term debt total | 4.32M | 29.71M | 30.10M | 30.21M | - |
| Other stockholder equity | 165.58M | 104.89M | 85.76M | 75.84M | 55.74M |
| Property plant equipment | - | - | - | 6.04M | 4.61M |
| Total current assets | 53.32M | 29.74M | 50.55M | 100.92M | 119.59M |
| Net tangible assets | - | - | - | 36.85M | 47.41M |
| Short term investments | 31.09M | 23.88M | 42.67M | 71.47M | - |
| Net receivables | 2.04M | 0.43M | 0.20M | - | - |
| Long term debt | - | 9.61M | 24.48M | 29.15M | - |
| Accounts payable | 0.31M | 1.36M | 0.65M | 1.46M | 1.08M |
| Noncontrolling interest in consolidated entity | - | - | - | 37.15M | - |
| Accumulated other comprehensive income | 0.00M | 0.01M | -0.01M | -0.07M | -124.21M |
| Common stock total equity | - | - | - | 0.01M | - |
| Retained earnings total equity | - | - | - | -38.92M | - |
| Non currrent assets other | 0.25M | 0.25M | 0.55M | 1.06M | - |
| Non current assets total | 5.30M | 6.89M | 7.37M | 7.10M | 4.61M |
| Capital lease obligations | 4.32M | 5.10M | 0.72M | 1.06M | - |
| Long term debt total | - | - | - | 29.15M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -6.94M | 19.81M | 16.13M | -70.82M | -0.51M |
| Change to liabilities | - | - | - | 0.77M | -2.17M |
| Total cashflows from investing activities | -7.03M | 19.81M | 29.86M | -72.44M | -0.51M |
| Net borrowings | -20.72M | -5.00M | 0.00M | 29.57M | -4.57M |
| Total cash from financing activities | 40.30M | 13.59M | 0.23M | 29.00M | 77.15M |
| Change to operating activities | - | - | - | - | -1.25M |
| Net income | -29.67M | -56.58M | -33.97M | -63.34M | -53.09M |
| Change in cash | 14.56M | -2.10M | -21.14M | -89.95M | 44.40M |
| Begin period cash flow | 4.26M | 6.36M | 27.51M | 117.45M | 73.06M |
| End period cash flow | 18.82M | 4.26M | 6.36M | 27.51M | 117.45M |
| Total cash from operating activities | -18.71M | -35.50M | -51.24M | -46.52M | -32.24M |
| Issuance of capital stock | 52.60M | 18.26M | 0.00M | 0.00M | 79.97M |
| Depreciation | 0.90M | 1.03M | 0.82M | 0.55M | 0.50M |
| Other cashflows from investing activities | 0.28M | 1.25M | - | - | - |
| Change to account receivables | -1.61M | -0.43M | - | - | - |
| Sale purchase of stock | - | 0.30M | -0.00M | 0.27M | - |
| Other cashflows from financing activities | -0.06M | -0.05M | -0.16M | 28.73M | 8.07M |
| Change to netincome | - | - | - | 15.78M | -20.98M |
| Capital expenditures | 0.09M | 0.27M | 1.23M | 1.62M | 0.51M |
| Cash flows other operating | - | - | - | 0.51M | - |
| Cash and cash equivalents changes | - | - | - | -89.95M | - |
| Change in working capital | 6.96M | -0.54M | -2.14M | 0.51M | -3.43M |
| Stock based compensation | 11.80M | 16.03M | 19.01M | 15.78M | 22.59M |
| Other non cash items | -8.70M | 4.57M | -34.96M | -0.01M | 0.11M |
| Free cash flow | -18.80M | -35.76M | -52.47M | -48.13M | -32.75M |
Sector: Healthcare Industry: Biotechnology
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| RANI Rani Therapeutics Holdings Inc |
0.01 1.41% |
0.57 | - | - | 23.67 | 2.48 | 9.70 | -1.42 |
| NVO Novo Nordisk A/S |
0.41 1.00% |
41.10 | 41.58 | 31.15 | 2.13 | 32.99 | 2.11 | 4.70 |
| VRTX Vertex Pharmaceuticals Inc |
-0.86 0.16% |
547.03 | 30.22 | 24.27 | 10.36 | 6.50 | 9.99 | 24.66 |
| REGN Regeneron Pharmaceuticals Inc |
43.35 4.73% |
959.41 | 29.07 | 20.12 | 7.57 | 3.82 | 6.95 | 19.42 |
| ARGNF argenx SE |
- -% |
900.30 | 45.77 | 31.25 | 13.84 | 7.12 | 11.38 | 36.06 |
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-105, an anti-TNF-alpha antibody that is in preclinical studies to treat rheumatoid arthritis; RT-116 which is in discovery stage for the treatment of obesity; RT-117 for rare diseases; and RT-111, an ustekinumab biosimilar for the treatment of various inflammatory conditions. The company has a collaboration agreement with ProGen Co., Ltd. for the o-development and commercialization of RT-114 to treat obesity; Chugai Pharmaceutical Co., Ltd. to commercialize the Chugai Product combining Chugai's Compound, which is in development for hemophilia, and the RaniPill HC oral delivery device for use in humans; and has a research and development collaboration with PegBio Co., Ltd. to expand obesity pipeline across multiple novel candidates. Rani Therapeutics Holdings, Inc. was founded in 2012 and is headquartered in San Jose, California.
2051 Ringwood Avenue, San Jose, CA, United States, 95131
408 457 3700
69
| Name | Title | Year Born |
|---|---|---|
| Mr. Mir A. Imran | Exec. Chairman | 1956 |
| Mr. Talat Imran | CEO & Director | 1981 |
| Mr. Svai S. Sanford | Chief Financial Officer | 1970 |
| Dr. Mir Hashim | Chief Scientific Officer | 1960 |
| Mr. Eric Groen | Gen. Counsel | NA |
| Ms. Bella Vazquez | VP of HR | NA |
| Mr. Mir A. Imran | Executive Chairman | 1956 |
| Mr. Talat Imran | CEO & Director | 1982 |
| Mr. Eric Groen | General Counsel | 1971 |
| Ms. Bella Vazquez | Vice President of Human Resources | NA |
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