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RANI · Nasdaq · United States · Pharmaceutical Preparations
In shortRani Therapeutics Holdings, Inc. is loss-making, burns cash and holds more cash than debt, with revenue growing (+58.9% last year).
Financial health
Weak
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | -2346.0% | 0/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | -1817.1% | 0/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | -169.6% | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | -91.7% | 0/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 4.21× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | -13.25× | 0/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -5.19 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -1151.4% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | – | n/a |
| Years with positive free cash flow (last 5) | 0 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 0 of 5 | 0/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 3 | 44/100 |
| Revenue growth volatility | 304.2% | 0/100 |
| Operating margin volatility | 1782.8% | 0/100 |
Weight in the score: 20%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
1 older year available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2.7 | 0 | 0 | 1 | 1.6 |
| Research & development | 26 | 37 | 40 | 27 | 20 |
| Operating income | (52) | (63) | (66) | (53) | (38) |
| Interest expense | 0.5 | 1.1 | 5.1 | 5 | 2.9 |
| Pre-tax income | (53) | (63) | (68) | – | – |
| Income tax | 0 | 0.1 | 0 | 0 | 0 |
| Net income | (8.3) | (31) | (34) | (30) | (30) |
| Diluted EPS | −$0.43 | −$1.28 | −$1.33 | −$1.05 | −$0.45 |
| Diluted shares (millions) | 0 | 0 | 0 | 0 | 0.1 |
1 older year available with the 10-year history. Essential plan, from €8.25/month →
−5.19 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 13, 2026