Rani Therapeutics Holdings, Inc.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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FY2025 · Filed Mar 26, 2026
RANI$0.57+5.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(in thousands, except per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Contract revenue | $1,633 | $1,028 |
| Operating expenses | ||
| Research and development | 20,205 | 26,682 |
| General and administrative | 19,738 | 23,946 |
| Impairment loss | — | 3,714 |
| Total operating expenses | $39,943 | $54,342 |
| Loss from operations | (38,310) | (53,314) |
| Other income (expense), net | ||
| Interest income and other, net | 827 | 1,763 |
| Interest expense and other, net | (2,891) | (5,033) |
| Loss on extinguishment of debt | (576) | — |
| Net loss | $(40,950) | $(56,584) |
| Net loss attributable to non-controlling interest | (11,277) | (26,566) |
| Net loss attributable to Rani Therapeutics Holdings, Inc. | $(29,673) | $(30,018) |
| Net loss per Class A common share attributable to Rani Therapeutics Holdings, Inc., basic and diluted | $(0.45) | $(1.05) |
| Weighted-average Class A common shares outstanding—basic and diluted | 66,138 | 28,476 |
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