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Annual data and sources

Rani Therapeutics Holdings, Inc. (RANI) · Nasdaq · USD · Sector unavailable · CIK 0001856725

Annual coverage: 2020-12-31–2025-12-31 (6 periods). Financial snapshot built 2026-10-09.

RANI annual financial history

All stored annual observations, independent of the chart window. Per-share amounts in USD. Unavailable values are not zero.

See the calculation and limitations.

Annual EPS, cash flow, dividends, and fiscal-year dividend yield for Rani Therapeutics Holdings, Inc.
Fiscal year / endBasic EPSDiluted EPSFCF / shareDividends / shareFiscal-year dividend yieldFiling sources
2025
2025-12-31
-0.45-0.45-284.28UnavailableUnavailableBasic EPS (2026-03-26)
Diluted EPS (2026-03-26)
Operating cash flow (2026-03-26) · Capex (2026-03-26)
2024
2024-12-31
-1.05-1.05-1,255.93UnavailableUnavailableBasic EPS (2026-03-26)
Diluted EPS (2026-03-26)
Operating cash flow (2026-03-26) · Capex (2026-03-26)
2023
2023-12-31
-1.33-1.33-2,057.05UnavailableUnavailableBasic EPS (2025-03-31)
Diluted EPS (2025-03-31)
Operating cash flow (2025-03-31) · Capex (2025-03-31)
2022
2022-12-31
-1.28-1.28-2,020.99UnavailableUnavailableBasic EPS (2024-03-20)
Diluted EPS (2024-03-20)
Operating cash flow (2024-03-20) · Capex (2024-03-20)
2021
2021-12-31
-0.43-0.43-1,676.62UnavailableUnavailableBasic EPS (2023-03-22)
Diluted EPS (2023-03-22)
Operating cash flow (2023-03-22) · Capex (2023-03-22)
2020
2020-12-31
UnavailableUnavailableUnavailableUnavailableUnavailableOperating cash flow (2022-03-31) · Capex (2022-03-31)

Annual per-share context (USD/share)

Complete annual history, independent of chart loading and range. Revenue/share is annual revenue per average diluted share. Debt/share is borrowings per year-end common share, excluding leases. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue / shareTotal debt / shareInputs & filing sources
2025-12-3124.69Unavailable
Inputs & filings

revenue: 1633000; averageDilutedShares: 66138; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-03-26)
averageDilutedShares (2026-03-26)
2024-12-3136.10Unavailable
Inputs & filings

revenue: 1028000; averageDilutedShares: 28476; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2026-03-26)
averageDilutedShares (2026-03-26)
2023-12-310.00Unavailable
Inputs & filings

revenue: 0; averageDilutedShares: 25505; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2025-03-31)
averageDilutedShares (2025-03-31)
2022-12-310.00Unavailable
Inputs & filings

revenue: 0; averageDilutedShares: 23817; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2023-03-22)
averageDilutedShares (2024-03-20)
2021-12-31139.09Unavailable
Inputs & filings

revenue: 2717000; averageDilutedShares: 19534; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2023-03-22)
averageDilutedShares (2023-03-22)
2020-12-31UnavailableUnavailable
Inputs & filings

revenue: 462000; averageDilutedShares: No positive shares on the exact annual duration; totalDebt: No supported complete debt aggregate or non-overlapping borrowing components; leases excluded; periodEndShares: No positive common shares on the exact fiscal-end date

revenue (2022-03-31)

Annual returns and cash generation (%)

Complete annual history, independent of chart loading and range. FCF margin and FCF / net income use matching annual totals. ROCE uses positive exact opening and closing capital-employed bases. Inputs, scopes and unavailable reasons are disclosed below. Missing inputs remain unavailable. Metric definitions.

Fiscal endFCF margin (%)FCF / net income (%)ROCE (%)Inputs & filing sources
2025-12-31-1,151.38Unavailable-122.21
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-18802000,"capex":{"accession":"0001193125-26-126417","end":"2025-12-31","filed":"2026-03-26","form":"10-K","start":"2025-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-26-126417","end":"2025-12-31","filed":"2026-03-26","form":"10-K","start":"2025-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1633000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"netIncome":{"value":-40950000,"tag":"ProfitLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"operatingIncome":{"value":-38310000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingAssets":{"value":36634000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingCurrentLiabilities":{"value":19891000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingCapitalEmployed":{"value":16743000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":1992000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingTotalEquity":{"value":3493000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingCash":{"value":3762000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingCommonEquity":{"value":1992000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":58621000,"tag":"Assets","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCurrentLiabilities":{"value":12669000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCapitalEmployed":{"value":45952000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":33010000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingTotalEquity":{"value":41512000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCash":{"value":18618000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2025-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCommonEquity":{"value":33010000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-29673000,"tag":"NetIncomeLoss","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2025-01-01","end":"2025-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":31347500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":17501000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -1151.3778322106552; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -122.21070260786347

fcfMargin component 1 (2026-03-26) · fcfMargin component 2 (2026-03-26) · fcfMargin component 3 (2026-03-26)
cashConversion component 1 (2026-03-26) · cashConversion component 2 (2026-03-26) · cashConversion component 3 (2026-03-26)
roce component 1 (2026-03-26) · roce component 2 (2026-03-26) · roce component 3 (2026-03-26) · roce component 4 (2026-03-26) · roce component 5 (2026-03-26)
2024-12-31-3,478.99Unavailable-159.93
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-35764000,"capex":{"accession":"0001193125-26-126417","end":"2024-12-31","filed":"2026-03-26","form":"10-K","start":"2024-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0001193125-26-126417","end":"2024-12-31","filed":"2026-03-26","form":"10-K","start":"2024-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":1028000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"netIncome":{"value":-56584000,"tag":"ProfitLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"operatingIncome":{"value":-53314000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingAssets":{"value":57916000,"tag":"Assets","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingCurrentLiabilities":{"value":7989000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingCapitalEmployed":{"value":49927000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":12866000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingTotalEquity":{"value":25443000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2023-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"openingCash":{"value":5864000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2023-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingCommonEquity":{"value":12866000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":36634000,"tag":"Assets","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCurrentLiabilities":{"value":19891000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCapitalEmployed":{"value":16743000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":1992000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingTotalEquity":{"value":3493000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCash":{"value":3762000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2024-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"closingCommonEquity":{"value":1992000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-30018000,"tag":"NetIncomeLoss","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2026-03-26","accession":"0001193125-26-126417","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":0,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2024-01-01","end":"2024-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"pretaxIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Matching annual income-tax expense or supported pretax income unavailable"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":33335000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":7429000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -3478.988326848249; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -159.934003299835

fcfMargin component 1 (2026-03-26) · fcfMargin component 2 (2026-03-26) · fcfMargin component 3 (2026-03-26)
cashConversion component 1 (2026-03-26) · cashConversion component 2 (2026-03-26) · cashConversion component 3 (2026-03-26)
roce component 1 (2026-03-26) · roce component 2 (2025-03-31) · roce component 3 (2025-03-31) · roce component 4 (2026-03-26) · roce component 5 (2026-03-26)
2023-12-31UnavailableUnavailable-86.33
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-52465000,"capex":{"accession":"0000950170-25-047740","end":"2023-12-31","filed":"2025-03-31","form":"10-K","start":"2023-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-25-047740","end":"2023-12-31","filed":"2025-03-31","form":"10-K","start":"2023-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":0,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"netIncome":{"value":-67883000,"tag":"ProfitLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"operatingIncome":{"value":-66099000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2023-01-01","end":"2023-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingAssets":{"value":108027000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingCurrentLiabilities":{"value":4815000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingCapitalEmployed":{"value":103212000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":36855000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingTotalEquity":{"value":74004000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"openingCash":{"value":27007000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; 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fcfMargin: Positive revenue required; zero or negative denominator is unavailable; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -86.32549513840367

fcfMargin component 1 (2025-03-31) · fcfMargin component 2 (2025-03-31) · fcfMargin component 3 (2025-03-31)
cashConversion component 1 (2025-03-31) · cashConversion component 2 (2025-03-31) · cashConversion component 3 (2025-03-31)
roce component 1 (2025-03-31) · roce component 2 (2024-03-20) · roce component 3 (2024-03-20) · roce component 4 (2025-03-31) · roce component 5 (2025-03-31)
2022-12-31UnavailableUnavailable-56.46
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-48134000,"capex":{"accession":"0000950170-24-034163","end":"2022-12-31","filed":"2024-03-20","form":"10-K","start":"2022-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-24-034163","end":"2022-12-31","filed":"2024-03-20","form":"10-K","start":"2022-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":0,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"netIncome":{"value":-63344000,"tag":"ProfitLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"operatingIncome":{"value":-63451000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingAssets":{"value":124207000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingCurrentLiabilities":{"value":2640000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingCapitalEmployed":{"value":121567000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":47411000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingTotalEquity":{"value":121567000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"openingCash":{"value":117453000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingCommonEquity":{"value":47411000,"inputNames":["openingParentEquity","openingPreferredShares"]},"closingAssets":{"value":108027000,"tag":"Assets","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingCurrentLiabilities":{"value":4815000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingCapitalEmployed":{"value":103212000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":36855000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingTotalEquity":{"value":74004000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2022-12-31","filed":"2025-03-31","accession":"0000950170-25-047740","form":"10-K"},"closingCash":{"value":27007000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2022-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingCommonEquity":{"value":36855000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-30588000,"tag":"NetIncomeLoss","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":70000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"pretaxIncome":{"value":-63274000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2022-01-01","end":"2022-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":112389500,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":42133000,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: Positive revenue required; zero or negative denominator is unavailable; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -56.45634156215661

fcfMargin component 1 (2024-03-20) · fcfMargin component 2 (2024-03-20) · fcfMargin component 3 (2023-03-22)
cashConversion component 1 (2024-03-20) · cashConversion component 2 (2024-03-20) · cashConversion component 3 (2024-03-20)
roce component 1 (2024-03-20) · roce component 2 (2023-03-22) · roce component 3 (2023-03-22) · roce component 4 (2024-03-20) · roce component 5 (2024-03-20)
2021-12-31-1,205.41Unavailable-52.74
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-32751000,"capex":{"accession":"0000950170-23-009178","end":"2021-12-31","filed":"2023-03-22","form":"10-K","start":"2021-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-23-009178","end":"2021-12-31","filed":"2023-03-22","form":"10-K","start":"2021-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":2717000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"netIncome":{"value":-53088000,"tag":"ProfitLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"operatingIncome":{"value":-51599000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"openingAssets":{"value":79415000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingCurrentLiabilities":{"value":5308000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingCapitalEmployed":{"value":74107000,"inputNames":["openingAssets","openingCurrentLiabilities"]},"openingParentEquity":{"value":-113339000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingTotalEquity":{"value":-113339000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingCash":{"value":73058000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":124207000,"tag":"Assets","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"closingCurrentLiabilities":{"value":2640000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"closingCapitalEmployed":{"value":121567000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":47411000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"closingTotalEquity":{"value":121567000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2021-12-31","filed":"2024-03-20","accession":"0000950170-24-034163","form":"10-K"},"closingCash":{"value":117453000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2021-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":0,"tag":"PreferredStockSharesOutstanding","unit":"shares","start":null,"end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"closingCommonEquity":{"value":47411000,"inputNames":["closingParentEquity","closingPreferredShares"]},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":-8331000,"tag":"NetIncomeLoss","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":41000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"pretaxIncome":{"value":-53047000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2021-01-01","end":"2021-12-31","filed":"2023-03-22","accession":"0000950170-23-009178","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":97837000,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -1205.4103790945896; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: -52.73976103110275

fcfMargin component 1 (2023-03-22) · fcfMargin component 2 (2023-03-22) · fcfMargin component 3 (2023-03-22)
cashConversion component 1 (2023-03-22) · cashConversion component 2 (2023-03-22) · cashConversion component 3 (2023-03-22)
roce component 1 (2023-03-22) · roce component 2 (2022-03-31) · roce component 3 (2022-03-31) · roce component 4 (2023-03-22) · roce component 5 (2023-03-22)
2020-12-31-3,497.84UnavailableUnavailable
Inputs & filings

Calculation inputs: {"original":{"fcfTotal":{"value":-16160000,"capex":{"accession":"0000950170-22-005088","end":"2020-12-31","filed":"2022-03-31","form":"10-K","start":"2020-01-01","tag":"PaymentsToAcquirePropertyPlantAndEquipment","unit":"USD"},"ocf":{"accession":"0000950170-22-005088","end":"2020-12-31","filed":"2022-03-31","form":"10-K","start":"2020-01-01","tag":"NetCashProvidedByUsedInOperatingActivities","unit":"USD"}},"revenue":{"value":462000,"tag":"RevenueFromContractWithCustomerExcludingAssessedTax","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"netIncome":{"value":-16703000,"tag":"ProfitLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"operatingIncome":{"value":-16544000,"tag":"OperatingIncomeLoss","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"openingAssets":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCurrentLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCapitalEmployed":{"value":null,"inputNames":["openingAssets","openingCurrentLiabilities"],"reason":"Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31"},"openingParentEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingTotalEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingNoncontrollingEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingLiabilities":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCash":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"openingInvestedCapital":{"value":null,"inputNames":["openingBorrowings","openingTotalEquity","openingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2019-12-31"},"openingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"openingCommonEquity":{"value":null,"inputNames":["openingParentEquity","openingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"closingAssets":{"value":79415000,"tag":"Assets","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"closingCurrentLiabilities":{"value":5308000,"tag":"LiabilitiesCurrent","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"closingCapitalEmployed":{"value":74107000,"inputNames":["closingAssets","closingCurrentLiabilities"]},"closingParentEquity":{"value":-113339000,"tag":"StockholdersEquity","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"closingTotalEquity":{"value":-113339000,"tag":"StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"closingCash":{"value":73058000,"tag":"CashAndCashEquivalentsAtCarryingValue","unit":"USD","start":null,"end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"closingBorrowings":{"value":null,"reason":"No supported complete debt aggregate or non-overlapping borrowing components; leases excluded"},"closingInvestedCapital":{"value":null,"inputNames":["closingBorrowings","closingTotalEquity","closingCash"],"reason":"Exact complete borrowings, consolidated equity and cash missing, ambiguous or from different filings at 2020-12-31"},"closingPreferredEquity":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingPreferredShares":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"closingCommonEquity":{"value":null,"inputNames":["closingParentEquity","closingPreferredShares"],"reason":"Common equity scope requires explicit preferred carrying value or zero preferred shares; absence is not zero"},"commonNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"parentNetIncome":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"preferredDividends":{"value":null,"reason":"Missing or conflicting matching SEC fact","conflict":false},"incomeTaxExpense":{"value":35000,"tag":"IncomeTaxExpenseBenefit","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"pretaxIncome":{"value":-16668000,"tag":"IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest","unit":"USD","start":"2020-01-01","end":"2020-12-31","filed":"2022-03-31","accession":"0000950170-22-005088","form":"10-K"},"effectiveTaxRate":{"value":null,"inputNames":["incomeTaxExpense","pretaxIncome"],"reason":"Positive pretax income required"},"nopat":{"value":null,"inputNames":["operatingIncome","effectiveTaxRate"],"reason":"Positive pretax income required"},"averageInvestedCapital":{"value":null,"inputNames":["openingInvestedCapital","closingInvestedCapital"]},"averageCapitalEmployed":{"value":null,"inputNames":["openingCapitalEmployed","closingCapitalEmployed"]},"averageCommonEquity":{"value":null,"inputNames":["openingCommonEquity","closingCommonEquity"]}},"recovered":{}}; fcfMargin: -3497.835497835498; cashConversion: Positive net income required; zero or negative denominator is unavailable; roce: matching numerator and positive exact opening/closing CapitalEmployed required; ambiguous scopes remain unavailable; unavailable: openingCapitalEmployed; Exact assets/current-liabilities balance missing, conflicting or from different filings at 2019-12-31

fcfMargin component 1 (2022-03-31) · fcfMargin component 2 (2022-03-31) · fcfMargin component 3 (2022-03-31)
cashConversion component 1 (2022-03-31) · cashConversion component 2 (2022-03-31) · cashConversion component 3 (2022-03-31)
roce component 1 (2022-03-31) · roce component 2 (2022-03-31) · roce component 3 (2022-03-31)

Annual operating facts

Complete annual history, independent of chart loading and range. Operating margin is operating profit as a percentage of revenue; net margin is consolidated net profit as a percentage of revenue. Negative margins show losses. Missing inputs remain unavailable. Metric definitions.

Fiscal endRevenue (USD)Operating margin (%)Net margin (%)Inputs & filing sources
2025-12-311,633,000.00-2,345.99-2,507.65
Inputs & filings

revenue: 1633000; operatingIncome: -38310000; netIncome: -40950000

revenue (2026-03-26)
operatingIncome (2026-03-26)
netIncome (2026-03-26)
2024-12-311,028,000.00-5,186.19-5,504.28
Inputs & filings

revenue: 1028000; operatingIncome: -53314000; netIncome: -56584000

revenue (2026-03-26)
operatingIncome (2026-03-26)
netIncome (2026-03-26)
2023-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: -66099000; netIncome: -67883000

revenue (2025-03-31)
operatingIncome (2025-03-31)
netIncome (2025-03-31)
2022-12-310.00UnavailableUnavailable
Inputs & filings

revenue: 0; operatingIncome: -63451000; netIncome: -63344000

revenue (2023-03-22)
operatingIncome (2024-03-20)
netIncome (2024-03-20)
2021-12-312,717,000.00-1,899.12-1,953.92
Inputs & filings

revenue: 2717000; operatingIncome: -51599000; netIncome: -53088000

revenue (2023-03-22)
operatingIncome (2023-03-22)
netIncome (2023-03-22)
2020-12-31462,000.00-3,580.95-3,615.37
Inputs & filings

revenue: 462000; operatingIncome: -16544000; netIncome: -16703000

revenue (2022-03-31)
operatingIncome (2022-03-31)
netIncome (2022-03-31)

Rani Therapeutics Holdings, Inc. (RANI) P/E ratio history

The interactive P/E chart contains all 272 stored weekly price points (2021-07-30–2026-10-08); 0 have an eligible basic or diluted ratio. Annual EPS is carried forward from its fiscal end. Use the P/E range bar or any other chart range bar to change all five chart windows.

Fiscal-year-end snapshots

No positive annual EPS with an eligible fiscal-year-end price is available in this snapshot.

Annual P/E = eligible fiscal-year-end close ÷ reported annual EPS. This is retrospective annual P/E, not TTM or forward P/E. Why we use annual data. Missing or non-positive EPS and missing eligible prices produce unavailable ratios.

Explore the P/E chart and optional reference lines · How P/E history is calculated.

Complete annual P/E history (6 fiscal periods)
Full stored fiscal-year-end P/E history, independent of the selected chart window. Ratios in ×; prices in USD.
Fiscal endPrice dateClosePrice basisBasic P/EDiluted P/EEPS filings
2025-12-312025-12-261.40Adjusted closeUnavailableUnavailableBasic EPS (2026-03-26) Diluted EPS (2026-03-26)
2024-12-312024-12-271.42Adjusted closeUnavailableUnavailableBasic EPS (2026-03-26) Diluted EPS (2026-03-26)
2023-12-312023-12-293.32Adjusted closeUnavailableUnavailableBasic EPS (2025-03-31) Diluted EPS (2025-03-31)
2022-12-312022-12-305.90Adjusted closeUnavailableUnavailableBasic EPS (2024-03-20) Diluted EPS (2024-03-20)
2021-12-312021-12-3116.35Adjusted closeUnavailableUnavailableBasic EPS (2023-03-22) Diluted EPS (2023-03-22)
2020-12-31UnavailableUnavailableUnavailableUnavailableUnavailable Source unavailable

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