Rani Therapeutics Holdings (RANI) Operating Leases (2022 - 2026)

Rani Therapeutics Holdings' (RANI) quarterly Operating Leases came in at $2.5 million in Q1 2026, down 27.52% year-on-year from $3.4 million in Q1 2025, and down 9.19% quarter-over-quarter from $2.7 million in Q4 2025.

Rani Therapeutics Holdings (RANI) Operating Leases (2022 - 2026) Analysis & Trends

Rani Therapeutics Holdings' Operating Leases history runs 5 years deep, the most recent figure standing at $2.5 million for Q1 2026.

  • On a quarterly basis, Operating Leases fell 27.52% year-over-year to $2.5 million in Q1 2026; TTM through Mar 2026 was $2.5 million, a 27.52% decrease from a year earlier, with the FY2025 full-year figure at $2.7 million, down 24.88% from the prior year.
  • Operating Leases eased to $2.5 million in Q1 2026 per RANI's latest filing, from $2.7 million in the prior quarter.
  • Across five years, Operating Leases topped out at $4.7 million in Q1 2024 and bottomed at $59000.0 in Q4 2022.
  • The 5-year median for Operating Leases is $2.6 million (2025), against an average of $2.1 million.
  • Across the five-year window, Operating Leases tumbled 46.23% in 2023 and surged 2249.12% in 2024, its largest moves.
  • Year by year, Operating Leases stood at $59000.0 in 2022, then soared by 189.83% to $171000.0 in 2023, then jumped by 2026.9% to $3.6 million in 2024, then slipped by 24.88% to $2.7 million in 2025, then declined by 9.19% to $2.5 million in 2026.
  • Per Business Quant, the three latest RANI Operating Leases figures stand at $2.5 million (Q1 2026), $2.7 million (Q4 2025), and $3.0 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Oculis Holding AG 68,785.72 Bn 68,785.72 Bn -
2 Nanobiotix 1,895.57 Bn 1,895.51 Bn -
3 BeOne Medicines 471.35 Bn 466.56 Bn 1.35 Bn
4 NuCana 279.75 Bn 279.75 Bn -
5 Vertex Pharmaceuticals 120.24 Bn 113.00 Bn 2.59 Bn
6 Regeneron Pharmaceuticals 67.80 Bn 59.04 Bn 3.31 Bn
7 Belite Bio 62.51 Bn 62.51 Bn -
8 Argenx Se 57.38 Bn 57.38 Bn 1.41 Bn
9 Revolution Medicines 37.78 Bn 37.78 Bn -
10 Rani Therapeutics Holdings 160.20 Mn 167.33 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 2.48 Mn
Dec 31, 2025 2.73 Mn
Sep 30, 2025 2.97 Mn
Jun 30, 2025 3.20 Mn
Mar 31, 2025 3.42 Mn
Dec 31, 2024 3.64 Mn
Sep 30, 2024 4.02 Mn
Jun 30, 2024 4.39 Mn
Mar 31, 2024 4.75 Mn
Sep 30, 2023 171,000.00
Jun 30, 2023 338,000.00
Mar 31, 2023 500,000.00
Dec 31, 2022 59,000.00
Sep 30, 2022 318,000.00
Jun 30, 2022 341,000.00
Mar 31, 2022 509,000.00