Rani Therapeutics Holdings, Inc.
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
RANI$0.56-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| Year Ended December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Cash flows from operating activities | ||
| Net loss | $(56,584) | $(67,883) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Stock-based compensation expense | 16,031 | 19,008 |
| Depreciation and amortization | 1,028 | 822 |
| Non-cash operating lease expense | 1,809 | 1,041 |
| Amortization of debt discount and issuance costs | 232 | 232 |
| Net accretion and amortization of investments in marketable securities | (1,247) | (2,316) |
| Loss on disposal of property and equipment | 65 | — |
| Impairment loss | 3,714 | — |
| Changes in operating assets and liabilities: | ||
| Contract asset | (428) | — |
| Prepaid expenses and other current assets | 631 | 282 |
| Other assets | — | (245) |
| Accounts payable | 711 | (595) |
| Accrued expenses and other current liabilities | 350 | (540) |
| Operating lease liabilities | (1,808) | (1,042) |
| Net cash used in operating activities | (35,496) | (51,236) |
| Cash flows from investing activities | ||
| Proceeds from maturities of marketable securities | 77,550 | 104,350 |
| Purchases of marketable securities | (57,473) | (73,261) |
| Purchases of property and equipment | (268) | (1,229) |
| Net cash provided by investing activities | 19,809 | 29,860 |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock and pre-funded warrants in connection with the October Securities Purchase Agreement, net of issuance costs of $621 | 9,379 | — |
| Proceeds from issuance of common stock and pre-funded warrants in connection with the July Securities Purchase Agreement, net of issuance costs of $1,117 | 8,883 | — |
| Issuance of common stock under employee stock purchase plan | 304 | 355 |
| Proceeds from employee stock purchase plan | 15 | 40 |
| Exercise of stock options | 51 | — |
| Tax withholdings paid on behalf of employees for net share settlement | (47) | (162) |
| Repayment of debt | (5,000) | — |
| Net cash provided by financing activities | 13,585 | 233 |
| Net decrease in cash, cash equivalents and restricted cash equivalents | (2,102) | (21,143) |
| Cash, cash equivalents and restricted cash equivalents, beginning of period | 6,364 | 27,507 |
| Cash, cash equivalents and restricted cash equivalents, end of period | $4,262 | $6,364 |
| Supplemental disclosures of cash flow information | ||
| Cash paid for interest | $4,112 | $4,182 |
| Cash paid for income taxes | $— | $35 |
| Supplemental disclosures of non-cash investing and financing activities | ||
| Right-of-use assets obtained in exchange for new operating lease liabilities | $4,731 | $— |
| Exchanges of Paired Interests and non-corresponding Class A Units of Rani LLC | $721 | $169 |
| Remeasurement of operating lease right-of-use assets | $589 | $578 |
| Interest income receivable included in prepaid expenses and other current assets | $9 | $148 |
| Property and equipment purchases included in accounts payable and accrued expenses and other current liabilities | $— | $18 |
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