Rani Therapeutics Holdings (RANI) Shares Outstanding (Entity) (2020 - 2026)
Rani Therapeutics Holdings' Shares Outstanding (Entity) was 187.17 million in Q2 2026, up 196.1% from 63.21 million a year earlier and up 4.0% from the prior quarter.
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Analysis
Rani Therapeutics Holdings (RANI) Shares Outstanding (Entity) (2020 - 2026) Analysis & Trends
For FY2025, Shares Outstanding (Entity) at Rani Therapeutics Holdings came in at 121.59 million, up 111.8% from FY2024.
- Shares Outstanding (Entity) has now increased for three consecutive years, with a four-year compound annual growth rate of 22.7% (FY2021 to FY2025).
- In earlier years, Shares Outstanding (Entity) was 57.4 million in FY2024 (+14.5%), 50.15 million in FY2023 (+1.5%), 49.41 million in FY2022 (-7.9%) and 53.68 million in FY2021.
- The Q2 2026 figure marks the highest quarterly Shares Outstanding (Entity) in data going back to Q2 2020.
- Compared with a year earlier, Shares Outstanding (Entity) has increased for 14 straight quarters, with growth averaging 76.9% over the last eight quarters.
- The best year-over-year quarter for Shares Outstanding (Entity) over five years was Q1 2026 (growth of 212.8%); the worst was Q4 2022 (a decline of 7.9%).
- Per Business Quant data, RANI's Shares Outstanding (Entity) in the three quarters before Q2 2026 was 180 million (Q1 2026), 121.59 million (Q4 2025) and 71.91 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (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 | - |
| 5 | Astrazeneca | 250.36 Bn | 223.92 Bn | 12.86 Bn | - |
| 6 | Amgen | 227.87 Bn | 183.27 Bn | 7.24 Bn | 540.60 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 | 253.35 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 | 121.59 Mn |
| Sep 30, 2025 | 71.91 Mn |
| Jun 30, 2025 | 63.21 Mn |
| Mar 31, 2025 | 57.54 Mn |
| Dec 31, 2024 | 57.40 Mn |
| Sep 30, 2024 | 53.92 Mn |
| Jun 30, 2024 | 50.61 Mn |
| Mar 31, 2024 | 50.41 Mn |
| Dec 31, 2023 | 50.15 Mn |
| Sep 30, 2023 | 49.99 Mn |
| Jun 30, 2023 | 49.63 Mn |
| Mar 31, 2023 | 49.49 Mn |
| Dec 31, 2022 | 49.41 Mn |
| Sep 30, 2022 | 49.36 Mn |
| Jun 30, 2022 | 49.16 Mn |
| Mar 31, 2022 | 49.16 Mn |
| Dec 31, 2021 | 53.68 Mn |
| Sep 30, 2021 | 49.00 Mn |
API Access
Rani Therapeutics Holdings Shares Outstanding (Entity) 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-entity&ticker=RANI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=RANI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();