Rani Therapeutics Holdings (RANI) Shares Outstanding (2020 - 2026)
Rani Therapeutics Holdings (RANI) recorded Shares Outstanding of 187.17 million in Q2 2026, up 412.2% from 36.54 million a year earlier and up 4.0% from the prior quarter.
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Analysis
Rani Therapeutics Holdings (RANI) Shares Outstanding (2020 - 2026) Analysis & Trends
For FY2025, Rani Therapeutics Holdings reported Shares Outstanding of 66.14 million, up 132.3% from FY2024.
- Annual Shares Outstanding has increased for four straight years, with a five-year compound annual growth rate of 7.1% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding came in at 28.48 million in FY2024 (+11.6%), 25.51 million in FY2023 (+7.1%), 23.82 million in FY2022 (+21.9%) and 19.53 million in FY2021 (-58.3%).
- The Q2 2026 figure is the highest quarterly Shares Outstanding in data going back to Q2 2020.
- On a year-over-year basis, Shares Outstanding has increased for 16 consecutive quarters, with growth averaging 141.9% over the last eight quarters.
- Peak year-over-year performance for Shares Outstanding in the last five years was growth of 438.3% in Q1 2026, against a decline of 58.5% in Q3 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 180 million (Q1 2026), 66.14 million (Q4 2025) and 46.44 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 2.41 Bn |
| 2 | AbbVie | 462.60 Bn | 435.75 Bn | 12.70 Bn | 1.77 Bn |
| 3 | Merck | 358.70 Bn | 313.13 Bn | 12.21 Bn | 2.47 Bn |
| 4 | Novartis Ag | 272.16 Bn | 228.03 Bn | 11.24 Bn | 1.94 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 1.55 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 540.00 Mn |
| 7 | Gilead Sciences | 184.97 Bn | 159.08 Bn | 6.22 Bn | 1.24 Bn |
| 8 | Pfizer | 162.61 Bn | 109.56 Bn | 10.94 Bn | 5.70 Bn |
| 9 | Vertex Pharmaceuticals | 132.45 Bn | 104.46 Bn | 2.84 Bn | 253.70 Mn |
| 10 | Rani Therapeutics Holdings | 147.86 Mn | 156.61 Mn | - | 187.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 187.17 Mn |
| Mar 31, 2026 | 180.00 Mn |
| Dec 31, 2025 | 66.14 Mn |
| Sep 30, 2025 | 46.44 Mn |
| Jun 30, 2025 | 36.54 Mn |
| Mar 31, 2025 | 33.44 Mn |
| Dec 31, 2024 | 28.48 Mn |
| Sep 30, 2024 | 28.84 Mn |
| Jun 30, 2024 | 26.32 Mn |
| Mar 31, 2024 | 26.03 Mn |
| Dec 31, 2023 | 25.51 Mn |
| Sep 30, 2023 | 25.55 Mn |
| Jun 30, 2023 | 25.35 Mn |
| Mar 31, 2023 | 25.24 Mn |
| Dec 31, 2022 | 23.82 Mn |
| Sep 30, 2022 | 24.47 Mn |
| Jun 30, 2022 | 24.37 Mn |
| Mar 31, 2022 | 21.41 Mn |
| Dec 31, 2021 | 19.53 Mn |
| Sep 30, 2021 | 19.44 Mn |
API Access
Rani Therapeutics Holdings Shares Outstanding 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=shares-outstanding&ticker=RANI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=RANI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();