Rani Therapeutics Holdings (RANI) Shares Outstanding (Diluted) (2021 - 2026)
Rani Therapeutics Holdings' Shares Outstanding (Diluted) came in at 187.17 million for Q2 2026, up 412.2% from 36.54 million a year earlier and up 4.0% from the prior quarter.
Powered by 
Analysis
Rani Therapeutics Holdings (RANI) Shares Outstanding (Diluted) (2021 - 2026) Analysis & Trends
For FY2025, Rani Therapeutics Holdings' Shares Outstanding (Diluted) was 66.14 million, up 132.3% from FY2024.
- Shares Outstanding (Diluted) has increased in each of the last four years, with a four-year compound annual growth rate of 35.6% (FY2021 to FY2025).
- Going back by year, Shares Outstanding (Diluted) was 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.
- The Q2 2026 figure represents the highest quarterly Shares Outstanding (Diluted) in data going back to Q3 2021.
- Year-over-year, Shares Outstanding (Diluted) has increased for 16 consecutive quarters, with growth averaging 141.9% over the last eight quarters.
- The year-over-year growth in Shares Outstanding (Diluted) has ranged between 3.1% (Q1 2024) and 438.3% (Q1 2026) over the last five years.
- Business Quant data shows RANI's Shares Outstanding (Diluted) at 180 million (Q1 2026), 66.14 million (Q4 2025) and 46.44 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 638.12 Bn | 556.64 Bn | 17.26 Bn | 2.44 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 | 1.96 Bn |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | 1.56 Bn |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 544.00 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 | 255.20 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 (Diluted) 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-diluted&ticker=RANI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=RANI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();