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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |