Rani Therapeutics Holdings RANI
NASDAQ RANI
$0.84 +0.02 (+2.51%)
At close: Sep 11, 2026 · 4:00 PM EDT

Rani Therapeutics Holdings (RANI) Operating Expenses (2020 - 2026)

Rani Therapeutics Holdings (RANI) posted Operating Expenses of $10.5 million for Q2 2026, up 4.87% on a QoQ basis from $10.0 million in Q1 2026, and little changed year-over-year from $10.5 million in Q2 2025.

Analysis

Rani Therapeutics Holdings (RANI) Operating Expenses (2020 - 2026) Analysis & Trends

Rani Therapeutics Holdings has reported Operating Expenses for 7 years, with the latest figure at $10.5 million in Q2 2026.

  • On a quarterly basis, Operating Expenses changed 0.3% year-over-year to $10.5 million in Q2 2026; TTM through Jun 2026 was $37.8 million, a 25.04% decrease from a year earlier, with the FY2025 full-year figure at $39.9 million, down 26.5% from the prior year.
  • Operating Expenses was $10.5 million for Q2 2026 at Rani Therapeutics Holdings, up from $10.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $18.3 million in Q2 2023, with the low at $7.3 million in Q3 2025.
  • Average Operating Expenses over 5 years is $13.6 million, with a median of $13.6 million recorded in 2022.
  • The largest YoY upside for Operating Expenses was 131.44% in 2022 against a maximum downside of 41.18% in 2022.
  • Over 5 years, Operating Expenses stood at $17.5 million in 2022, then retreated by 23.16% to $13.4 million in 2023, then rose by 19.0% to $16.0 million in 2024, then slumped by 37.47% to $10.0 million in 2025, then grew by 5.4% to $10.5 million in 2026.
  • The last three Operating Expenses figures came in at $10.5 million (Q2 2026), $10.0 million (Q1 2026), and $10.0 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Amgen 203.97 Bn 189.99 Bn 7.24 Bn 6.54 Bn
2 Gilead Sciences 178.74 Bn 175.56 Bn 6.22 Bn 18.20 Bn
3 Vertex Pharmaceuticals 130.73 Bn 122.88 Bn 2.84 Bn 2.09 Bn
4 Regeneron Pharmaceuticals 80.42 Bn 72.42 Bn 3.93 Bn 3.00 Bn
5 Argenx Se 60.40 Bn 55.21 Bn 1.37 Bn -1.05 Bn
6 Moderna 57.65 Bn 52.52 Bn 52.00 Mn 960.00 Mn
7 Alnylam Pharmaceuticals 33.37 Bn 30.07 Bn 992.69 Mn 1.06 Bn
8 Biogen 32.15 Bn 30.86 Bn 1.96 Bn 2.60 Bn
9 Roivant Sciences 29.58 Bn 29.58 Bn 1.16 Mn 367.83 Mn
10 Rani Therapeutics Holdings 157.97 Mn 157.97 Mn - 10.54 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 10.54 Mn
Mar 31, 2026 10.05 Mn
Dec 31, 2025 10.00 Mn
Sep 30, 2025 7.26 Mn
Jun 30, 2025 10.51 Mn
Mar 31, 2025 12.19 Mn
Dec 31, 2024 15.99 Mn
Sep 30, 2024 11.80 Mn
Jun 30, 2024 12.52 Mn
Mar 31, 2024 14.03 Mn
Dec 31, 2023 13.43 Mn
Sep 30, 2023 17.86 Mn
Jun 30, 2023 18.29 Mn
Mar 31, 2023 16.52 Mn
Dec 31, 2022 17.48 Mn
Sep 30, 2022 16.34 Mn
Jun 30, 2022 15.85 Mn
Mar 31, 2022 13.78 Mn
Dec 31, 2021 13.36 Mn
Sep 30, 2021 27.78 Mn