v3.26.1
Condensed Consolidated Statements of Changes in Stockholders' (Deficit)/Equity (Unaudited) - USD ($)
$ in Thousands
Total
Common Class A
Common Class B
Common [Member]
Common Class A
Common [Member]
Common Class B
Additional Paid in Capital [Member]
Accumulated Other Comprehensive Loss Member
Accumulated Deficit [Member]
Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2024 $ 3,493     $ 3 $ 2 $ 104,889 $ 5 $ (102,907) $ 1,501
Beginning Balance (shares) at Dec. 31, 2024       33,430,000 23,972,000        
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement , shares       140,000          
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement, amount (23)         (23)      
Non-controlling interest adjustment for changes in proportionate ownership in Rani LLC           1     (1)
Stock-based compensation 3,925         2,241     1,684
Net loss (12,738)             (7,264) (5,474)
Other comprehensive loss (6)           (3)   (3)
Ending Balance at Mar. 31, 2025 (5,349)     $ 3 $ 2 107,108 2 (110,171) (2,293)
Ending Balance (shares) at Mar. 31, 2025       33,570,000 23,972,000        
Beginning Balance at Dec. 31, 2024 3,493     $ 3 $ 2 104,889 5 (102,907) 1,501
Beginning Balance (shares) at Dec. 31, 2024       33,430,000 23,972,000        
Net loss (23,962)                
Ending Balance at Jun. 30, 2025 (9,153)     $ 3 $ 2 111,280 3 (116,863) (3,578)
Ending Balance (shares) at Jun. 30, 2025       39,237,000 23,970,000        
Beginning Balance at Mar. 31, 2025 (5,349)     $ 3 $ 2 107,108 2 (110,171) (2,293)
Beginning Balance (shares) at Mar. 31, 2025       33,570,000 23,972,000        
Exercise of warrants issued, shares       5,419,000          
Exercise of warrants issued, value 3,937         3,937      
Warrant issued for services provided 152         152      
Issuance of common stock under employee stock purchase plan       97,000          
Issuance of common stock under employee stock purchase plan 46         46      
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement , shares       44,000          
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement, amount (8)         (8)      
Effect of exchanges of Paired Interests and non-corresponding Class A Units of Rani LLC       107,000 (2,000)        
Non-controlling interest adjustment for changes in proportionate ownership in Rani LLC           (1,963)     1,963
Stock-based compensation 3,292         2,008     1,284
Net loss (11,224)             (6,692) (4,532)
Other comprehensive loss 1           1    
Ending Balance at Jun. 30, 2025 (9,153)     $ 3 $ 2 111,280 3 (116,863) (3,578)
Ending Balance (shares) at Jun. 30, 2025       39,237,000 23,970,000        
Beginning Balance at Dec. 31, 2025 41,512     $ 9 $ 2 165,578 1 (132,580) 8,502
Beginning Balance (shares) at Dec. 31, 2025   97,622,000 23,970,000 97,622,000 23,970,000        
Exercise of Pre-funded Warrants, Share       2,100,000          
Exercise of Pre-funded Warrants 5         5      
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement , shares       91,000          
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement, amount (32)         (32)      
Non-controlling interest adjustment for changes in proportionate ownership in Rani LLC           799     (799)
Stock-based compensation 2,084         1,665     419
Net loss (8,015)             (7,033) (982)
Other comprehensive loss (11)           (9)   (2)
Ending Balance at Mar. 31, 2026 35,543     $ 9 $ 2 168,015 (8) (139,613) 7,138
Ending Balance (shares) at Mar. 31, 2026       99,813,000 23,970,000        
Beginning Balance at Dec. 31, 2025 41,512     $ 9 $ 2 165,578 1 (132,580) 8,502
Beginning Balance (shares) at Dec. 31, 2025   97,622,000 23,970,000 97,622,000 23,970,000        
Net loss (16,436)                
Ending Balance at Jun. 30, 2026 47,985     $ 11 $ 2 186,255 (30) (147,004) 8,751
Ending Balance (shares) at Jun. 30, 2026   112,499,000 23,970,000 112,499,000 23,970,000        
Beginning Balance at Mar. 31, 2026 35,543     $ 9 $ 2 168,015 (8) (139,613) 7,138
Beginning Balance (shares) at Mar. 31, 2026       99,813,000 23,970,000        
Issuance of common stock and pre-funded warrants in connection with the May 2026 Securities Purchase Agreement, net of issuance costs of $1,641, Shares       12,477,000          
Issuance of common stock and pre-funded warrants in connection with the May 2026 Securities Purchase Agreement, net of issuance costs of $1,641, Value 18,359     $ 2   18,357      
Issuance of common stock from exercise of stock options       100,000          
Issuance of common stock under employee stock purchase plan       66,000          
Issuance of common stock from exercise of stock options 62         62      
Issuance of common stock under employee stock purchase plan 54         54      
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement , shares       43,000          
Issuance of common stock under employee equity plans, net of shares withheld for tax settlement, amount (9)         (9)      
Non-controlling interest adjustment for changes in proportionate ownership in Rani LLC           (2,205)     2,205
Stock-based compensation 2,424         1,981     443
Net loss (8,421)             (7,391) (1,030)
Other comprehensive loss (27)           (22)   (5)
Ending Balance at Jun. 30, 2026 $ 47,985     $ 11 $ 2 $ 186,255 $ (30) $ (147,004) $ 8,751
Ending Balance (shares) at Jun. 30, 2026   112,499,000 23,970,000 112,499,000 23,970,000