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Rani Therapeutics Holdings, Inc. (RANI) 10-Year Financial Performance & Capital Metrics

RANI • • Industrial / General
HealthcareBiotechnologyPlatform & Technology CompaniesAntibody Discovery Platforms
AboutRani Therapeutics Holdings, Inc. operates as a clinical stage biotherapeutics company that develops orally administered biologics. The company develops the RaniPill capsule, a platform that is intended to replace subcutaneous or IV injection of biologics with oral dosing. Its product pipeline includes RT-101, an octreotide, which has completed Phase I clinical trial for the treatment of neuroendocrine tumors and acromegaly; RT-105, an anti-TNF-alpha antibody to treat psoriatic arthritis; RT-102, a parathyroid hormone that is in preclinical studies for the treatment of osteoporosis; RT-109, a human growth hormone to treat growth hormone deficiency; RT-110, a parathyroid hormone for the treatment of hypoparathyroidism; and RT-106, a basal insulin for the treatment of type 2 diabetes. The company was incorporated in 2012 and is headquartered in San Jose, California.Show more
  • Revenue $1M
  • EBITDA -$52M +19.9%
  • Net Income -$30M +11.6%
  • EPS (Diluted) -1.05 +21.1%
  • Gross Margin 100%
  • EBITDA Margin -5086.19%
  • Operating Margin -5186.19%
  • Net Margin -2920.04%
  • ROE -207.48% -203.7%
  • ROIC -101.08% -29.4%
  • Debt/Equity 8.51 +619.0%
  • Interest Coverage -10.59 +18.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 91 (top 9%)

✗Weaknesses

  • ✗High debt to equity ratio of 8.5x
  • ✗Weak Piotroski F-Score: 2/9
  • ✗Negative free cash flow
  • ✗Shares diluted 11.6% in last year
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 11.3x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y0.98%
3Y-27.67%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-0.52%

EPS CAGR

10Y-
5Y-
3Y-
TTM25.47%

ROCE

10Y Avg-88.24%
5Y Avg-78.16%
3Y Avg-100.91%
Latest-159.93%

Peer Comparison

Antibody Discovery Platforms
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
NAGENiagen Bioscience Inc503.58M6.3157.3619.18%16.38%28.91%2.37%0.06
BTXBlackRock Technology and Private Equity Term Trust808.8M6.9340.76-81.13%87.75%1.87%34.27%
HALOHalozyme Therapeutics, Inc.8.45B71.8220.9422.44%47.91%118.17%5.55%4.14
RPRXRoyalty Pharma plc16.97B39.7220.80-3.86%32.55%7.95%16.32%0.74
REGNRegeneron Pharmaceuticals, Inc.76.63B741.9219.358.27%32.13%14.79%4.78%0.09
GMABGenmab A/S20.85B33.852.7930.67%46.8%114.25%36.37%0.03
DNAGinkgo Bioworks Holdings, Inc.464.86M9.58-0.91-9.71%-188%-60.66%0.65
PRMEPrime Medicine, Inc.720.24M3.99-2.42-33.02%-121.95%0.27

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+979K462K2.72M001.03M
Revenue Growth %--0.53%4.88%-1%--
Cost of Goods Sold+0000822K0
COGS % of Revenue------
Gross Profit+979K462K2.72M0-822K1.03M
Gross Margin %1%1%1%--1%
Gross Profit Growth %--0.53%4.88%-1%-2.25%
Operating Expenses+28.04M17.01M54.32M63.45M65.28M54.34M
OpEx % of Revenue28.65%36.81%19.99%--52.86%
Selling, General & Admin3.46M4.96M27.83M26.84M26.48M23.95M
SG&A % of Revenue3.54%10.74%10.24%--23.29%
Research & Development24.58M12.04M26.48M36.61M39.62M26.68M
R&D % of Revenue25.11%26.07%9.75%--25.96%
Other Operating Expenses0000-822K3.71M
Operating Income+-27.07M-16.54M-51.6M-63.45M-66.1M-53.31M
Operating Margin %-27.65%-35.81%-18.99%---51.86%
Operating Income Growth %-0.39%-2.12%-0.23%-0.04%0.19%
EBITDA+-26.5M-15.96M-51.1M-62.9M-65.28M-52.29M
EBITDA Margin %-27.07%-34.53%-18.81%---50.86%
EBITDA Growth %-0.4%-2.2%-0.23%-0.04%0.2%
D&A (Non-Cash Add-back)564K589K497K548K822K1.03M
EBIT-26.58M-16.54M-52.58M-62.2M-66.1M-51.55M
Net Interest Income+413K-61K-377K177K-1.78M-3.27M
Interest Income423K63K89K1.25M3.3M1.76M
Interest Expense10K124K466K1.07M5.08M5.03M
Other Income/Expense478K-124K-1.45M177K-1.78M23.3M
Pretax Income+-26.59M-16.67M-53.05M-63.27M-67.88M-30.02M
Pretax Margin %-27.16%-36.08%-19.52%---29.2%
Income Tax+035K41K70K026.57M
Effective Tax Rate %1%1%0.16%0.48%0.5%1%
Net Income+-26.6M-16.7M-8.33M-30.59M-33.97M-30.02M
Net Margin %-27.17%-36.15%-3.07%---29.2%
Net Income Growth %-0.37%0.5%-2.67%-0.11%0.12%
Net Income (Continuing)-26.59M-16.7M-53.09M-63.34M-67.88M-56.58M
Discontinued Operations000000
Minority Interest0074.16M37.15M12.58M1.5M
EPS (Diluted)+-1.35-0.85-0.42-1.28-1.33-1.05
EPS Growth %-0.37%0.51%-2.05%-0.04%0.21%
EPS (Basic)-1.35-0.85-0.42-1.28-1.33-1.05
Diluted Shares Outstanding18.74M18.74M19.53M23.82M25.5M28.48M
Basic Shares Outstanding18.74M18.74M19.53M23.82M25.5M28.48M
Dividend Payout Ratio------

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+16.94M74.94M119.59M100.92M50.85M29.74M
Cash & Short-Term Investments16.54M73.06M117.45M98.48M48.54M27.64M
Cash Only16.54M73.06M117.45M27.01M5.86M3.76M
Short-Term Investments00071.47M42.67M23.88M
Accounts Receivable250K1.72M00200K428K
Days Sales Outstanding93.211.36K---151.97
Inventory000000
Days Inventory Outstanding------
Other Current Assets000500K800K1.68M
Total Non-Current Assets+6.08M4.47M4.61M7.1M7.07M6.89M
Property, Plant & Equipment4.45M4.47M4.61M7.1M6.82M6.64M
Fixed Asset Turnover0.22x0.10x0.59x--0.15x
Goodwill000000
Intangible Assets000000
Long-Term Investments1.63M00000
Other Non-Current Assets0000246K246K
Total Assets+23.02M79.42M124.21M108.03M57.92M36.63M
Asset Turnover0.04x0.01x0.02x--0.03x
Asset Growth %-2.45%0.56%-0.13%-0.46%-0.37%
Total Current Liabilities+3.5M5.31M2.64M4.82M7.99M19.89M
Accounts Payable198K537K1.08M1.46M648K1.36M
Days Payables Outstanding----287.74-
Short-Term Debt01.36M004.9M15M
Deferred Revenue (Current)179K1000K001000K0
Other Current Liabilities601K88K126K591K202K283K
Current Ratio4.84x14.12x45.30x20.96x6.36x1.50x
Quick Ratio4.84x14.12x45.30x20.96x6.36x1.50x
Cash Conversion Cycle------
Total Non-Current Liabilities+116.16M187.45M129.21M24.48M13.25M
Long-Term Debt115.5M2.41M029.15M24.48M9.61M
Capital Lease Obligations00059K03.64M
Deferred Tax Liabilities000000
Other Non-Current Liabilities655K185.03M1000
Total Liabilities119.66M192.75M2.64M34.02M32.47M33.14M
Total Debt+115.5M3.77M030.21M30.1M29.71M
Net Debt98.97M-69.29M-117.45M3.21M24.23M25.95M
Debt / Equity---0.41x1.18x8.51x
Debt / EBITDA------
Net Debt / EBITDA------
Interest Coverage-2706.50x-133.42x-110.73x-59.24x-13.00x-10.59x
Total Equity+-96.64M-113.34M121.57M74M25.44M3.49M
Equity Growth %--0.17%2.07%-0.39%-0.66%-0.86%
Book Value per Share-5.16-6.056.223.111.000.12
Total Shareholders' Equity-96.64M-113.34M47.41M36.85M12.87M1.99M
Common Stock664K664K5K5K5K5K
Retained Earnings-97.3M-114M-8.33M-38.92M-72.89M-102.91M
Treasury Stock000000
Accumulated OCI-780.16K-849.03K0-73K-12K5K
Minority Interest0074.16M37.15M12.58M1.5M

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-26.27M-14.96M-32.24M-46.52M-51.24M-35.5M
Operating CF Margin %-26.83%-32.38%-11.87%---34.53%
Operating CF Growth %-0.43%-1.16%-0.44%-0.1%0.31%
Net Income-26.59M-16.7M-8.33M-63.34M-33.97M-56.58M
Depreciation & Amortization564K589K497K548K822K1.03M
Stock-Based Compensation0022.59M15.78M19.01M16.03M
Deferred Taxes000000
Other Non-Cash Items-81K110K-43.58M-10K-34.96M4.57M
Working Capital Changes-163K1.04M-3.43M509K-2.14M-544K
Change in Receivables00000-428K
Change in Inventory000000
Change in Payables-271K933K543K163K-595K711K
Cash from Investing+-1.53M-1.2M-506K-72.44M29.86M19.81M
Capital Expenditures-1.58M-1.2M-506K-1.62M-1.23M-268K
CapEx % of Revenue1.61%2.6%0.19%--0.26%
Acquisitions------
Investments------
Other Investing000851K01.25M
Cash from Financing+852K72.68M77.15M29M233K13.59M
Debt Issued (Net)------
Equity Issued (Net)------
Dividends Paid000000
Share Repurchases------
Other Financing852K-2.78M26K-886K-162K-47K
Net Change in Cash------
Free Cash Flow+-27.85M-16.16M-32.75M-48.13M-52.47M-35.76M
FCF Margin %-28.45%-34.98%-12.05%---34.79%
FCF Growth %-0.42%-1.03%-0.47%-0.09%0.32%
FCF per Share-1.49-0.86-1.68-2.02-2.06-1.26
FCF Conversion (FCF/Net Income)0.99x0.90x3.87x1.52x1.51x1.18x
Interest Paid00285K730K4.18M0
Taxes Paid0073K48K35K0

Key Ratios

Metric201920202021202220232024
Return on Equity (ROE)---202.5%-31.28%-68.32%-207.48%
Return on Invested Capital (ROIC)---940.67%-117.03%-78.14%-101.08%
Gross Margin100%100%100%--100%
Net Margin-2716.75%-3615.37%-306.63%---2920.04%
Debt / Equity---0.41x1.18x8.51x
Interest Coverage-2706.50x-133.42x-110.73x-59.24x-13.00x-10.59x
FCF Conversion0.99x0.90x3.87x1.52x1.51x1.18x
Revenue Growth--52.81%488.1%-100%--

Frequently Asked Questions

Growth & Financials

Rani Therapeutics Holdings, Inc. (RANI) reported $1.2M in revenue for fiscal year 2024. This represents a 23% increase from $1.0M in 2019.

Rani Therapeutics Holdings, Inc. (RANI) grew revenue by 0.0% over the past year. Growth has been modest.

Rani Therapeutics Holdings, Inc. (RANI) reported a net loss of $28.3M for fiscal year 2024.

Dividend & Returns

Rani Therapeutics Holdings, Inc. (RANI) has a return on equity (ROE) of -207.5%. Negative ROE indicates the company is unprofitable.

Rani Therapeutics Holdings, Inc. (RANI) had negative free cash flow of $27.8M in fiscal year 2024, likely due to heavy capital investments.

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