Rani Therapeutics Holdings, Inc. (RANI) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Total Current Assets | 47.09M | 53.32M | 4.96M | 11.07M | 17.78M | 29.74M | 32.37M | 32.03M | 41.39M | 50.85M | 63.22M | 76.07M | 89.04M | 100.92M | 100.72M | 97.99M | 109.26M | 119.59M | 132.37M | 69.48M |
| Cash & Short-Term Investments | 43.4M | 49.71M | 4.14M | 10.22M | 15.85M | 27.64M | 30.4M | 30.9M | 39.58M | 48.54M | 60.53M | 75.11M | 86.79M | 98.48M | 98.17M | 97.18M | 107.84M | 117.45M | 129.74M | 69.31M |
| Cash Only | 9.64M | 18.62M | 4.14M | 10.22M | 10.11M | 3.76M | 4.28M | 4.51M | 6.88M | 5.86M | 4.97M | 8.05M | 18.98M | 27.01M | 27.22M | 97.18M | 107.84M | 117.45M | 129.74M | 69.31M |
| Short-Term Investments | 33.76M | 31.09M | 0 | 0 | 5.74M | 23.88M | 26.13M | 26.39M | 32.7M | 42.67M | 55.55M | 67.05M | 67.8M | 71.47M | 70.95M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 2.11M | 2.04M | 0 | 0 | 600K | 428K | 200K | 100K | 0 | 200K | 200K | 200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Sales Outstanding | 109.47 | 128.59 | - | - | 268.95 | 28.1 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -200K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.57M | 1.57M | 811K | 500K | 1.33M | 1.68M | 1.77M | 1.03M | 666K | 800K | 2.7M | 768K | 2.25M | 500K | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Assets | 4.79M | 5.3M | 5.18M | 5.83M | 6.34M | 6.89M | 11.17M | 11.69M | 12.12M | 7.07M | 7.21M | 7.43M | 7.41M | 7.1M | 7.48M | 6.35M | 6.05M | 4.61M | 4.59M | 7.84M |
| Property, Plant & Equipment | 4.54M | 5.05M | 4.94M | 5.53M | 6.1M | 6.64M | 10.92M | 11.45M | 11.88M | 6.82M | 7.21M | 7.13M | 7.41M | 7.1M | 6.98M | 6.35M | 6.05M | 4.61M | 4.59M | 4.43M |
| Fixed Asset Turnover | 0.36x | 0.29x | - | - | 0.03x | 0.12x | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.44x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 246K | 246K | 245K | 293K | 246K | 246K | 246K | 246K | 246K | 246K | 0 | 300K | 0 | 0 | 500K | 0 | 0 | 0 | 0 | 3.41M |
| Total Assets | 51.88M | 58.62M | 10.14M | 16.9M | 24.13M | 36.63M | 43.54M | 43.73M | 53.51M | 57.92M | 70.44M | 83.51M | 96.45M | 108.03M | 108.2M | 104.34M | 115.31M | 124.21M | 136.96M | 77.32M |
| Asset Turnover | 0.03x | 0.04x | - | - | 0.01x | 0.03x | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.02x |
| Asset Growth % | 115.04% | 60.02% | -76.71% | -61.35% | -54.92% | -36.75% | -38.19% | -47.64% | -44.52% | -46.39% | -34.9% | -19.97% | -16.36% | -13.03% | -21% | 34.95% | 40.49% | 56.4% | - | - |
| Total Current Liabilities | 13.86M | 12.67M | 19.14M | 20.62M | 20.13M | 19.89M | 20.21M | 16.58M | 13.38M | 7.99M | 7.34M | 5.74M | 5.15M | 4.82M | 7.19M | 5.35M | 4.16M | 2.64M | 5.25M | 9.36M |
| Accounts Payable | 858K | 309K | 2.47M | 1.8M | 1.52M | 1.36M | 1.57M | 506K | 806K | 648K | 1.41M | 1.04M | 1.51M | 1.46M | 1.79M | 1.44M | 1.26M | 1.08M | 1.31M | 1.67M |
| Days Payables Outstanding | 326.18 | - | - | - | - | - | - | - | 266.76 | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 1.46M | 1.59M | 14.59M | 15M | 15M | 15M | 14.77M | 12.29M | 8.59M | 4.9M | 1.22M | 856K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.88M |
| Deferred Revenue (Current) | 6.83M | 6.83M | 0 | 0 | 0 | 1.44M | 600K | 0 | 0 | 1.21M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4.71M | 3.94M | 2.09M | 90K | 310K | 283K | 1.54M | 2.15M | 564K | 202K | 1.95M | 1.45M | 360K | 591K | 514K | 388K | 140K | 126K | 860K | 1.35M |
| Current Ratio | 3.40x | 4.21x | 0.26x | 0.54x | 0.88x | 1.50x | 1.60x | 1.93x | 3.09x | 6.36x | 8.61x | 13.26x | 17.29x | 20.96x | 14.02x | 18.32x | 26.29x | 45.30x | 25.21x | 7.43x |
| Quick Ratio | 3.40x | 4.21x | 0.26x | 0.54x | 0.88x | 1.50x | 1.60x | 1.93x | 3.09x | 6.36x | 8.63x | 13.26x | 17.29x | 20.96x | 14.02x | 18.32x | 26.29x | 45.30x | 25.21x | 7.43x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 2.48M | 4.44M | 2.97M | 5.43M | 9.34M | 13.25M | 17.55M | 21.59M | 25.6M | 24.48M | 28.27M | 29.6M | 29.71M | 29.21M | 14.41M | 341K | 509K | 0 | 0 | 191.64M |
| Long-Term Debt | 2.48M | 2.73M | 2.97M | 2.23M | 5.92M | 9.61M | 13.54M | 17.21M | 20.85M | 24.48M | 28.1M | 29.27M | 29.21M | 29.15M | 14.09M | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 3.2M | 3.42M | 3.64M | 4.02M | 4.39M | 4.75M | 0 | 171K | 338K | 500K | 59K | 318K | 341K | 509K | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 | 191.64M |
| Total Liabilities | 16.34M | 17.11M | 22.11M | 26.05M | 29.47M | 33.14M | 37.77M | 38.18M | 38.98M | 32.47M | 35.62M | 35.34M | 34.86M | 34.02M | 21.59M | 5.69M | 4.67M | 2.64M | 5.25M | 201M |
| Total Debt | 3.94M | 4.32M | 17.55M | 21.62M | 25.67M | 29.71M | 33.73M | 35.25M | 35.41M | 30.1M | 30.28M | 30.46M | 30.63M | 30.21M | 15.39M | 999K | 1.16M | 0 | 0 | 3.88M |
| Net Debt | -5.7M | -14.3M | 13.41M | 11.4M | 15.56M | 25.95M | 29.45M | 30.73M | 28.53M | 24.23M | 25.31M | 22.41M | 11.65M | 3.21M | -11.83M | -96.18M | -106.68M | -117.45M | -129.74M | -65.43M |
| Debt / Equity | 0.11x | 0.10x | - | - | - | 8.51x | 5.84x | 6.35x | 2.44x | 1.18x | 0.87x | 0.63x | 0.50x | 0.41x | 0.18x | 0.01x | 0.01x | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -94.76x | -25.15x | -9.92x | -11.80x | -12.51x | -12.99x | -8.52x | -9.47x | -10.42x | -9.84x | -12.93x | -13.74x | -12.95x | -23.18x | -45.35x | - | - | - | -259.57x | -31.45x |
| Total Equity | 35.54M | 41.51M | -11.97M | -9.15M | -5.35M | 3.49M | 5.78M | 5.55M | 14.54M | 25.44M | 34.82M | 48.17M | 61.59M | 74M | 86.61M | 98.65M | 110.64M | 121.57M | 131.71M | -123.67M |
| Equity Growth % | 764.48% | 1088.43% | -307.32% | -264.92% | -136.8% | -86.27% | -83.41% | -88.48% | -76.4% | -65.62% | -59.8% | -51.17% | -44.34% | -39.12% | -34.24% | 179.77% | 193.39% | 207.26% | - | - |
| Book Value per Share | 0.20 | 0.28 | -0.33 | -0.25 | -0.16 | 0.11 | 0.20 | 0.21 | 0.56 | 0.98 | 1.36 | 1.90 | 2.44 | 2.97 | 3.54 | 4.05 | 5.17 | 6.25 | 6.78 | -6.57 |
| Total Shareholders' Equity | 28.41M | 33.01M | -7.86M | -5.58M | -3.06M | 1.99M | 3.12M | 2.83M | 7.4M | 12.87M | 17.55M | 24.09M | 30.72M | 36.85M | 42.19M | 47.81M | 53.38M | 47.41M | 51.37M | -123.67M |
| Common Stock | 11K | 11K | 6K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 5K | 1.41M |
| Retained Earnings | -139.61M | -132.58M | -122.28M | -116.86M | -110.17M | -102.91M | -93.96M | -87.18M | -80.37M | -72.89M | -65.79M | -56.59M | -47.29M | -38.92M | -30.13M | -22.18M | -14.55M | -8.33M | -3.14M | -125.09M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -8K | 0 | 0 | 3K | 2K | 5K | 8K | -5K | -11K | -12K | -41K | -63K | -10K | -73K | -57K | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 7.14M | 8.5M | -4.11M | -3.58M | -2.29M | 1.5M | 2.65M | 2.71M | 7.14M | 12.58M | 17.27M | 24.07M | 30.87M | 37.15M | 44.41M | 50.84M | 57.26M | 74.16M | 80.34M | 0 |