RANI (Rani Therapeutics Holdings) EBIT: $-34.19 Mil (TTM As of Mar. 2026)

What is Rani Therapeutics Holdings EBIT?

Rani Therapeutics Holdings RANI +2.76% 32 EBIT is $-34.19 Mil as of Mar. 2026. GuruFocus rates RANI with a GF Score™ of 32/100. The stock has 3 warning signs investors should review.

Rani Therapeutics Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was $-7.93 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was $-34.19 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rani Therapeutics Holdings's annualized ROC % for the quarter that ended in Mar. 2026 was -247.64%. Rani Therapeutics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -660.86%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rani Therapeutics Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -64.32%.

Rani Therapeutics Holdings (NAS:RANI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Rani Therapeutics Holdings's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	-33.356 * ( 1 - 0% )	/	( (13.763	+	13.176)	/ 2 )
=	-33.356	/	13.4695
=	-247.64 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	58.621	-	4.206	-	( 49.709	-	max(0, 12.669	-	53.321	+	49.709	))
=	13.763

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	51.879	-	5.467	-	( 43.403	-	max(0, 13.855	-	47.091	+	43.403	))
=	13.176

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Rani Therapeutics Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-31.708	/	( ( (5.054 + max(-7.471, 0))	+	(4.542 + max(-8.707, 0)) )	/	2 )
=	-31.708	/	( ( 5.054	+	4.542 )	/	2 )
=	-31.708	/	4.798
=	-660.86 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.042	+	0	+	1.57)	-	(4.206	+	6.831	+	0.045999999999999)
=	-7.471

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(2.042	+	0	+	1.646)	-	(5.467	+	6.831	+	0.097000000000001)
=	-8.707

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Rani Therapeutics Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	-34.19	/	53.160
	=	-64.32 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Rani Therapeutics Holdings EBIT Related Terms

Rani Therapeutics Holdings EBIT Historical Data

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The historical data trend for Rani Therapeutics Holdings's EBIT can be seen below:

Rani Therapeutics Holdings EBIT Chart

Rani Therapeutics Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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-52.58

-62.20

-62.80

-51.55

-38.06

Rani Therapeutics Holdings Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															-11.80	-10.35	-7.19	-8.73	-7.93

RANI vs CGTX, INO, ALDX: EBIT Comparison

For the Biotechnology subindustry, Rani Therapeutics Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Rani Therapeutics Holdings EV-to-EBIT vs Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Rani Therapeutics Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Rani Therapeutics Holdings's EV-to-EBIT falls into.

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Rani Therapeutics Holdings Inc RANI

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Rani Therapeutics Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-34.19 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of $-34.19 Mil mean?

Rani Therapeutics Holdings (RANI) has a EBIT of $-34.19 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Rani Therapeutics Holdings.

Is Rani Therapeutics Holdings' EBIT too high?

Rani Therapeutics Holdings' current EBIT is $-34.19 Mil. Overall, Rani Therapeutics Holdings has a GF Score™ of 32/100, reflecting its overall financial health beyond just this single metric.

How does Rani Therapeutics Holdings' EBIT compare to CGTX and INO?

Rani Therapeutics Holdings' EBIT of $-34.19 Mil can be compared against companies in the Biotechnology industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for a Biotechnology company?

A good EBIT depends on the Biotechnology industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on Rani Therapeutics Holdings. Rani Therapeutics Holdings's current EBIT is $-34.19 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Rani Therapeutics Holdings stock overvalued right now?

Rani Therapeutics Holdings (RANI) has a current EBIT of $-34.19 Mil. The current EBIT is $-34.19 Mil. Rani Therapeutics Holdings' overall GF Score™ is 32/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For Rani Therapeutics Holdings (RANI), the current EBIT is $-34.19 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Rani Therapeutics Holdings Business Description

Industry Healthcare Biotechnology

Comparable Companies CGTX INO ALDX OTLK CBUS PEPG SEER BMEA COYA VANI VRTX REGN XBRU:UCB XBRU:ARGX XKRX:207940 ALNY RVMD ASX:CSL ONC XKRX:068270

Address 2051 Ringwood Avenue, San Jose, CA, USA, 95131

Website https://www.ranitherapeutics.com

Rani Therapeutics Holdings Inc is a clinical-stage biotherapeutics company advancing technologies to enable the development of orally administered biologics to provide patients, physicians, and healthcare systems with a convenient alternative to painful injections. The company has developed the RaniPill capsule, which is designed to deliver a wide variety of drug substances, including antibodies, proteins, peptides, and oligonucleotides. RaniPill is a proprietary and patented platform technology, intended to replace subcutaneous or IV injection of biologics with oral dosing. The company is also engaged in developing RaniPill HC, which is intended to enable the delivery of drug payloads in liquid form with high bioavailability.

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