Rani Therapeutics Holdings (RANI) Operating Expenses (2020 - 2026)
Rani Therapeutics Holdings' Operating Expenses came in at $10.54 million for Q2 2026, up 0.3% from $10.51 million a year earlier and up 4.9% from the prior quarter.
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Analysis
Rani Therapeutics Holdings (RANI) Operating Expenses (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Rani Therapeutics Holdings reported Operating Expenses of $37.84 million, down 25.0% year-over-year; for FY2025, it was $39.94 million, down 26.5% from FY2024.
- Going back by year, Operating Expenses was $54.34 million in FY2024 (-17.8%), $66.1 million in FY2023 (+4.2%), $63.45 million in FY2022 (+16.8%) and $54.32 million in FY2021.
- The Q2 2026 figure represents the highest quarterly Operating Expenses since Q1 2025.
- Year-over-year, Operating Expenses increased in two of the last eight quarters, with an average decline of 17.2%.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2021 (growth of 846.5%), and the weakest in Q3 2022 (a decline of 41.2%).
- Business Quant data shows RANI's Operating Expenses at $10.05 million (Q1 2026), $10 million (Q4 2025) and $7.26 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 10.12 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 10.56 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 12.80 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | -6.09 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | -9.70 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 6.54 Bn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 18.20 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 6.68 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 2.09 Bn |
| 10 | Rani Therapeutics Holdings | 147.86 Mn | 156.61 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 |
API Access
Rani Therapeutics Holdings Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=RANI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "RANI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=RANI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();