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Rani Therapeutics Holdings vs Alumis: RANI and ALMS compared

Rani Therapeutics Holdings is the larger company: $1.7M of revenue in its latest quarter (Q2 2026) against $1.7M for Alumis (Q2 2026).

Rani Therapeutics Holdings vs Alumis, latest quarterRani Therapeutics Holdings vs Alumis, latest quarterRani Therapeutics Holdings (RANI)Alumis (ALMS)Revenue$1.7M$1.7MOperating margin-516.9%n/m

Where the money goes: RANI and ALMS

Rani Therapeutics Holdings (RANI) · Q2 2026

Rani Therapeutics Holdings, Q2 2026: revenue $1.7M, operating margin -516.9%, net loss $8.4M, operating cash flow −$9.0M. The chart follows the revenue to costs, profit and cash.

Alumis (ALMS) · Q2 2026

Alumis, Q2 2026: revenue $1.7M (-38% year over year), net loss $142M, operating cash flow −$81.5M. The chart follows the revenue to costs, profit and cash.

Rani Therapeutics Holdings (RANI)Alumis (ALMS)
Latest quarterQ2 2026Q2 2026
Revenue$1.7M$1.7M
Revenue growth, Y/Y—-38%
Operating margin-516.9%n/m
Net earnings−$8.4M−$142M
Net margin-493.0%—
Operating cash flow−$9.0M−$81.5M

Questions

Which is bigger, Rani Therapeutics Holdings or Alumis?

Rani Therapeutics Holdings is the larger company: $1.7M of revenue in its latest quarter (Q2 2026) against $1.7M for Alumis (Q2 2026).

More: Rani Therapeutics Holdings earnings · how Rani Therapeutics Holdings makes money · Alumis earnings · how Alumis makes money

From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 13, 2026; 10-Q filed Aug 13, 2026). Fiscal quarters can end on different dates. Not investment advice.