analyzeportfolio
Nasdaq · Healthcare

Ani Pharmaceuticals Inc. (ANIP)

As-reported financials and SEC filings for Ani Pharmaceuticals Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Ani Pharmaceuticals Inc.

ANI Pharmaceuticals is a bio-pharmaceutical company that develops, manufactures, and commercializes therapeutics through its Rare Disease, Generics, and Brands businesses. It offers a portfolio of over 120 generic products and branded drugs, including treatments for rare diseases and ophthalmology products like ILUVIEN and YUTIQ. The company serves patients in the U.S. and internationally, operating manufacturing facilities in Minnesota and New Jersey.

Snapshot

Revenue
$883.4M
Revenue growth (YoY)
43.8%
Net income
$78.3M
Diluted EPS
$3.32
Gross margin
—
Operating margin
12.6%
Net margin
8.9%
FCF margin
19.4%
ROE
14.5%
net income / fiscal-year-end equity
P/E
15.3×
trailing when available, otherwise FY EPS
Market cap
$1.63B
Long-term debt / equity
0.54×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Ani Pharmaceuticals

  • Revenue grew 43.8% to $883M in FY2025, faster than the 26.2% the year before.
  • Operating margin turned positive at 12.6% in FY2025, from a 18.4% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $266M, up 25.9% from Q2 FY2025.
  • Free cash flow was $171M in FY2025, 19.4% of revenue.
  • Net income turned positive at $78M in FY2025, from a $19M loss in FY2024.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Ani Pharmaceuticals’s fundamentals sit among the 198 pharmaceutical companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin12.6%
69th percentile of 112
Net margin8.9%
68th percentile of 121
FCF margin19.4%
78th percentile of 110
Revenue growth (YoY)+43.8%
71st percentile of 188
ROE14.5%
80th percentile of 167
P/E15.3×
39th percentile of 50
Long-term debt / equity0.54×
54th percentile of 64
Short interest7.16d
67th percentile of 197

No reported insider purchases (code P) in the last 90 days; 10 insider sales totaling $1.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+6 quant / multi-strat
Initiated / added
1
0 new, 1 added
Reduced / exited
7
6 trimmed, 1 exited
Combined position
$77.9M
reported long value
InvestorAs ofPosition valueSharesChange
Millennium ManagementquantQ2 2026$42.0M507.2KReduced
D. E. ShawquantQ2 2026$14.5M174.7KReduced
Citadel AdvisorsquantQ2 2026$8.0M96.1KReduced
Two Sigma InvestmentsquantQ2 2026$5.3M64.2KReduced
Renaissance TechnologiesquantQ2 2026$5.3M63.7KReduced
AQR Capital ManagementquantQ2 2026$2.4M29.5KAdded
Gotham Asset ManagementQ2 2026$498,9156.0KReduced

No longer held by: Polen Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
10
$1.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-10-13
Meredith CookSR. VP, GENERAL COUNSEL & SEC.Sell500$73.59$37K
2026-09-29
filed 2026-09-30
Stephen P. CareySVP & CFOSell2.9K$73.00$208K
2026-09-15
filed 2026-09-16
Nikhil LalwaniPRESIDENT & CEOSell5.4K$71.00$383K
2026-09-14
Meredith CookSR. VP, GENERAL COUNSEL & SEC.Sell500$70.79$35K
2026-09-11
filed 2026-09-14
Jeanne ThomaDirectorSell1.0K$71.53$72K
2026-08-31
filed 2026-09-01
Stephen P. CareySVP & CFOSell2.9K$72.80$207K
2026-08-25
filed 2026-08-26
Nikhil LalwaniPRESIDENT & CEOSell5.4K$74.30$401K
2026-08-13
Meredith CookSR. VP, GENERAL COUNSEL & SEC.Sell500$75.48$38K
2026-08-10
filed 2026-08-11
Ori GutwergSVP, GENERICSSell3.2K$77.00$243K
2026-07-29
filed 2026-07-30
Stephen P. CareySVP & CFOSell2.9K$81.36$232K
2026-07-13
filed 2026-07-14
Meredith CookSR. VP, GENERAL COUNSEL & SEC.Sell500$81.84$41K
2026-07-02
filed 2026-07-06
Stephen P. CareySVP & CFOSell3.3K$86.00$285K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.5M
settled 2026-09-30
Change vs prior
+40.2%
vs previous settlement
Days to cover
7.16
at avg daily volume
Avg daily volume
487.4K
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-303.5M+40.2%7.16
2026-09-152.5M-26.0%7.44
2026-08-313.4M-1.6%9.22
2026-08-143.4M+46.6%7.37
2026-07-312.3M-30.8%9.25
2026-07-153.4M-2.1%10.97
2026-06-303.4M+7.5%9.42
2026-06-153.2M-3.7%10.91

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$883.4M$614.4M$486.8M$316.4M$216.1M
Gross profit—————
Operating income$111.1M$584,000$47.0M$-35.3M$-39.8M
Net income$78.3M$-18.5M$18.8M$-47.9M$-42.6M
Diluted EPS$3.32$-1.04$0.85$-3.05$-3.40

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$185.2M$64.0M$119.0M$-31.2M$3.3M
Capital expenditure$13.8M$16.2M$8.9M$8.9M$2.6M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$266.0M25.9%$24.7M$1.05
Q1 FY2026$237.5M20.5%$29.5M$1.28
Q4 FY202529.6%
Q3 FY2025$227.8M53.6%$26.6M$1.13
Q2 FY2025$211.4M53.1%$8.5M$0.36
Q1 FY2025$197.1M43.4%$15.7M$0.69
Q4 FY202444.8%
Q3 FY2024$148.3M12.5%$-24.2M$-1.27

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryPharmaceutical Preparations
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK1023024

Selected SEC filings

10-Q2026-08-07
View on EDGAR →
10-Q2026-05-08
View on EDGAR →
8-K2026-08-24
View on EDGAR →
8-K2026-08-07
View on EDGAR →
8-K2026-05-21
View on EDGAR →
8-K2026-05-13
View on EDGAR →

Largest pharmaceutical peers

All pharmaceutical stocks →All Healthcare companies →

Monitor ANIP

Get an alert when Ani Pharmaceuticals files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor ANIP free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.