NASDAQ : ANIP
ANI Pharmaceuticals, Inc. — Financial statements
Healthcare · Drug Manufacturers - Specialty & Generic · United States
Last price 72 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.54B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
ANI Pharmaceuticals, Inc. (ANIP) reported revenue of 978.38M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 978.38M | 883.37M | 614.38M | 486.82M | 316.38M | 216.14M |
| Cost of Revenue | 387.40M | 341.31M | 236.61M | 181.51M | 138.78M | 100.61M |
| Gross Profit | 590.98M | 542.06M | 377.77M | 305.30M | 177.60M | 115.53M |
| Selling, General & Admin | 331.66M | 315.64M | 231.54M | 161.70M | 124.04M | 84.29M |
| Research & Development | 49.91M | 51.66M | 44.58M | 34.29M | 22.32M | 11.37M |
| Other Operating Expenses | 780.00K | |||||
| Operating Expenses | 467.38M | 458.73M | 343.85M | 255.77M | 203.33M | 143.69M |
| Operating Income | 123.60M | 83.33M | 33.92M | 49.53M | -25.73M | -28.17M |
| Interest Expense | -30.90M | -32.18M | -33.14M | -35.05M | -28.42M | -11.95M |
| Interest & Investment Income | 14.36M | 12.12M | 15.53M | 8.11M | 366.00K | 23.00K |
| Currency Exchange Gain (Loss) | -1.12M | 1.93M | ||||
| Other Non Operating Income (Expenses) | -4.03M | -159.00K | 670.00K | -4.71M | ||
| EBT Excluding Unusual Items | 105.94M | 65.20M | 12.28M | 22.43M | -53.12M | -44.80M |
| Merger & Restructuring Charges | -2.10M | -2.10M | -31.70M | -1.13M | -5.68M | |
| Gain (Loss) on Sale of Investments | 9.91M | 2.82M | 6.31M | |||
| Gain (Loss) on Sale of Assets | -382.00K | -382.00K | 5.35M | 1.82M | ||
| Asset Writedown | -767.00K | -767.00K | -7.60M | -112.00K | -2.37M | |
| Legal Settlements | 9.00M | -8.75M | ||||
| Other Unusual Items | 21.00M | 31.01M | -6.85M | -1.43M | -3.76M | -1.96M |
| Pretax Income | 142.60M | 95.79M | -22.21M | 19.87M | -62.66M | -56.06M |
| Income Tax Expense | 34.29M | 17.45M | -3.69M | 1.09M | -14.77M | -13.46M |
| Net Income | 108.31M | 78.34M | -18.52M | 18.78M | -47.90M | -42.60M |
| Preferred Dividends & Other Adjustments | 8.71M | 8.12M | 1.62M | 3.30M | 1.62M | 190.00K |
| Net Income to Common | 99.60M | 70.22M | -20.15M | 15.47M | -49.52M | -42.79M |
| Shares Outstanding (Basic) | 20.71M | 20.05M | 19.32M | 18.00M | 16.26M | 12.60M |
| Shares Outstanding (Diluted) | 22.03M | 21.23M | 19.32M | 18.19M | 16.26M | 12.60M |
| EPS (Basic) | 4.81 | 3.50 | -1.04 | 0.86 | -3.05 | -3.40 |
| EPS (Diluted) | 4.54 | 3.32 | -1.04 | 0.85 | -3.05 | -3.40 |
| Free Cash Flow | 172.99M | 171.39M | 47.78M | 110.09M | -40.08M | 765.00K |
| Free Cash Flow Per Share | 7.85 | 8.07 | 2.47 | 6.05 | -2.46 | 0.06 |
| Gross Margin | 60.40% | 61.36% | 61.49% | 62.71% | 56.13% | 53.45% |
| Operating Margin | 12.63% | 9.43% | 5.52% | 10.17% | -8.13% | -13.03% |
| Profit Margin | 10.18% | 7.95% | -3.28% | 3.18% | -15.65% | -19.80% |
| Free Cash Flow Margin | 17.68% | 19.40% | 7.78% | 22.61% | -12.67% | 0.35% |
| EBITDA | 209.41M | 174.75M | 101.65M | 109.32M | 33.92M | 19.08M |
| EBITDA Margin | 21.40% | 19.78% | 16.55% | 22.46% | 10.72% | 8.83% |
| D&A For EBITDA | 85.80M | 91.42M | 67.73M | 59.79M | 59.65M | 47.25M |
| EBIT | 123.60M | 83.33M | 33.92M | 49.53M | -25.73M | -28.17M |
| EBIT Margin | 12.63% | 9.43% | 5.52% | 10.17% | -8.13% | -13.03% |
| Effective Tax Rate | 24.04% | 18.22% | 5.50% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 360.21M | 285.58M | 144.86M | 221.12M | 48.23M | 100.30M |
| Short-Term Investments | 15.63M | 9.13M | 6.31M | |||
| Cash & Short-Term Investments | 376.96M | 294.72M | 151.17M | 221.12M | 48.23M | 100.30M |
| Receivables | 274.47M | 281.08M | 221.73M | 162.08M | 165.44M | 128.53M |
| Inventory | 143.15M | 143.07M | 136.78M | 111.20M | 105.36M | 81.69M |
| Prepaid Expenses | 30.62M | 22.99M | 17.98M | 17.40M | 8.39M | 7.59M |
| Restricted Cash | 35.00K | 36.00K | 33.00K | 5.01M | ||
| Other Current Assets | 200.00K | 11.23M | 772.00K | 8.02M | 11.85M | 3.67M |
| Total Current Assets | 825.43M | 753.12M | 528.46M | 519.82M | 344.26M | 321.77M |
| Property, Plant & Equipment | 73.22M | 62.48M | 56.86M | 44.59M | 43.25M | 52.67M |
| Long-Term Investments | 1.65M | 4.90M | 6.24M | 8.80M | ||
| Goodwill | 62.48M | 62.48M | 59.99M | 28.22M | 28.22M | 27.89M |
| Other Intangible Assets | 449.86M | 479.53M | 541.83M | 209.01M | 251.63M | 294.12M |
| Long-Term Deferred Tax Assets | 71.50M | 69.07M | 85.11M | 90.71M | 81.36M | 67.94M |
| Long-Term Deferred Charges | 500.00K | 600.00K | ||||
| Other Long-Term Assets | 11.12M | 11.46M | 7.32M | 5.84M | 2.56M | 7.21M |
| Total Assets | 1.49B | 1.44B | 1.28B | 904.42M | 760.09M | 771.60M |
| Accounts Payable | 73.83M | 62.58M | 45.66M | 36.68M | 29.30M | 22.97M |
| Accrued Expenses | 140.95M | 144.32M | 92.80M | 57.84M | 35.88M | 27.89M |
| Current Portion of Long-Term Debt | 21.33M | 17.27M | 9.17M | 850.00K | 850.00K | 850.00K |
| Current Portion of Leases | 2.03M | |||||
| Current Income Taxes Payable | 3.53M | 2.24M | 7.52M | 8.16M | ||
| Other Current Liabilities | 44.01M | 49.67M | 39.30M | 41.94M | 33.40M | 35.83M |
| Total Current Liabilities | 283.65M | 278.11M | 194.45M | 145.48M | 99.44M | 87.54M |
| Long-Term Debt | 589.16M | 599.77M | 614.92M | 284.82M | 285.67M | 286.52M |
| Long-Term Leases | 15.54M | 9.22M | 1.38M | |||
| Other Long-Term Liabilities | 8.55M | 12.55M | 46.57M | 16.53M | 35.06M | 38.80M |
| Total Liabilities | 896.90M | 899.65M | 855.94M | 446.82M | 421.55M | 412.86M |
| Common Stock | 3.00K | 3.00K | 2.00K | 2.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 620.25M | 596.04M | 519.65M | 514.10M | 403.90M | 387.84M |
| Retained Earnings | 31.10M | -23.10M | -100.28M | -80.13M | -97.29M | -47.77M |
| Treasury Stock | -53.82M | -33.25M | -21.04M | -10.08M | -5.09M | -3.13M |
| Comprehensive Income & Other | -327.00K | 1.03M | 5.34M | 8.86M | 12.17M | -3.06M |
| Total Common Equity | 597.21M | 540.72M | 403.68M | 432.75M | 313.69M | 333.89M |
| Shareholders' Equity | 597.21M | 540.72M | 428.53M | 457.60M | 338.54M | 358.74M |
| Total Liabilities & Equity | 1.49B | 1.44B | 1.28B | 904.42M | 760.09M | 771.60M |
| Total Debt | 626.03M | 628.28M | 624.09M | 285.67M | 287.90M | 287.37M |
| Net Cash (Debt) | -249.07M | -333.57M | -472.92M | -64.55M | -239.67M | -187.07M |
| Net Cash Per Share | -11.30 | -15.71 | -24.48 | -3.55 | -14.74 | -14.85 |
| Filing Date Shares Outstanding | 21.43M | 20.88M | 20.31M | 19.72M | 16.35M | 16.55M |
| Total Common Shares Outstanding | 21.43M | 20.95M | 19.65M | 19.12M | 16.35M | 16.12M |
| Working Capital | 541.78M | 475.00M | 334.00M | 374.34M | 244.82M | 234.24M |
| Book Value Per Share | 27.87 | 25.80 | 20.54 | 22.64 | 19.18 | 20.71 |
| Tangible Book Value | 84.88M | -1.28M | -198.14M | 195.52M | 33.83M | 11.88M |
| Tangible Book Value Per Share | 3.96 | -0.06 | -10.08 | 10.23 | 2.07 | 0.74 |
| Land | 2.41M | 1.58M | 1.55M | 1.55M | 5.95M | |
| Buildings | 25.83M | 24.44M | 17.88M | 16.66M | 19.97M | |
| Machinery | 76.04M | 68.70M | 50.41M | 53.15M | 46.77M | |
| Construction In Progress | 8.82M | 4.57M | 7.69M | 4.60M | 2.94M | |
| Leasehold Improvements | 1.41M | 1.30M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 108.31M | 78.34M | -18.52M | 18.78M | -47.90M | -42.60M |
| Depreciation & Amortization | 85.80M | 91.42M | 67.73M | 59.79M | 59.65M | 47.25M |
| Loss (Gain) From Sale of Assets | 382.00K | 382.00K | -5.35M | -750.00K | -1.82M | |
| Asset Writedown & Restructuring Costs | 767.00K | 767.00K | 7.60M | 1.73M | 2.37M | |
| Loss (Gain) From Sale of Investments | -9.91M | -2.82M | -6.31M | |||
| Stock-Based Compensation | 41.06M | 37.93M | 29.34M | 20.65M | 14.60M | 10.49M |
| Other Operating Activities | 960.00K | -13.66M | 703.00K | -5.12M | -7.23M | -12.28M |
| Change in Accounts Receivable | -48.37M | -58.53M | -21.09M | 3.36M | -36.91M | -5.55M |
| Change in Inventory | -4.56M | -5.96M | -21.29M | -5.84M | -23.63M | 3.22M |
| Change in Accounts Payable | 10.77M | 15.16M | 479.00K | 7.55M | 5.04M | 10.17M |
| Change in Income Taxes | 241.00K | -15.53M | -1.42M | 11.99M | -160.00K | -7.57M |
| Change in Other Net Operating Assets | 4.01M | 57.74M | 32.12M | 7.80M | 4.36M | -353.00K |
| Operating Cash Flow | 189.47M | 185.22M | 64.02M | 118.96M | -31.20M | 3.32M |
| Capital Expenditures | -16.48M | -13.84M | -16.24M | -8.87M | -8.88M | -2.56M |
| Sale of Property, Plant & Equipment | 13.51M | 750.00K | 2.65M | |||
| Cash Acquisitions | -401.28M | -33.00K | -84.49M | |||
| Sale (Purchase) of Intangibles | -5.47M | -20.49M | -717.00K | -9.64M | -7.58M | -21.08M |
| Investing Cash Flow | -21.94M | -34.32M | -404.72M | -18.51M | -15.74M | -105.48M |
| Long-Term Debt Issued | 641.25M | 310.03M | ||||
| Long-Term Debt Repaid | -10.16M | -296.03M | -3.00M | -3.00M | -211.01M | |
| Total Debt Repaid | -14.22M | -10.16M | -296.03M | -3.00M | -3.00M | -211.01M |
| Net Debt Issued (Repaid) | -14.22M | -10.16M | 345.22M | -3.00M | -3.00M | 99.02M |
| Issuance of Common Stock | 12.34M | 13.60M | 6.49M | 89.55M | 1.46M | 71.65M |
| Repurchase of Common Stock | -22.22M | -12.21M | -10.96M | -4.99M | -1.96M | -890.00K |
| Preferred Dividends Paid | -344.00K | -1.16M | -1.62M | -1.62M | -1.62M | -190.00K |
| Dividends Paid | -344.00K | -1.16M | -1.62M | -1.62M | -1.62M | -190.00K |
| Other Financing Activities | -106.00K | -26.00K | -74.18M | -12.50M | ||
| Financing Cash Flow | -24.55M | -9.94M | 264.94M | 67.44M | -5.13M | 194.59M |
| Foreign Exchange Rate Adjustments | -554.00K | -233.00K | -470.00K | |||
| Net Cash Flow | 142.41M | 140.73M | -76.23M | 167.89M | -52.07M | 92.43M |
| Free Cash Flow | 172.99M | 171.39M | 47.78M | 110.09M | -40.08M | 765.00K |
| Free Cash Flow Margin | 17.68% | 19.40% | 7.78% | 22.61% | -12.67% | 0.35% |
| Free Cash Flow Per Share | 7.85 | 8.07 | 2.47 | 6.05 | -2.46 | 0.06 |
| Levered Free Cash Flow | 132.21M | 119.42M | 42.67M | 114.36M | -38.70M | -28.62M |
| Unlevered Free Cash Flow | 151.52M | 139.53M | 63.38M | 136.26M | -20.94M | -21.16M |
| Cash Interest Paid | 25.31M | 26.93M | 24.38M | 31.43M | 21.48M | 9.71M |
| Cash Income Tax Paid | 14.14M | 17.67M | 19.06M | 1.23M | 288.00K | 10.37M |
| Change in Working Capital | -37.91M | -7.12M | -11.19M | 24.86M | -51.30M | -84.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.54B | 1.65B | 1.08B | 1.05B | 655.90M | 771.45M |
| Enterprise Value | 1.79B | 2.01B | 1.58B | 1.18B | 913.29M | 966.43M |
| Last Close Price | 72.00 | 78.94 | 55.28 | 55.14 | 40.23 | 46.08 |
| PE Ratio | 15.86 | 23.50 | 68.00 | |||
| Forward PE | 7.86 | 10.03 | 10.72 | 14.04 | 14.79 | 12.86 |
| PS Ratio | 1.58 | 1.87 | 1.76 | 2.16 | 2.07 | 3.57 |
| PB Ratio | 2.58 | 3.05 | 2.52 | 2.30 | 1.94 | 2.15 |
| P/TBV Ratio | 18.18 | 5.38 | 19.39 | 64.94 | ||
| P/FCF Ratio | 8.92 | 9.63 | 22.59 | 9.56 | 1,008.43 | |
| P/OCF Ratio | 8.14 | 8.91 | 16.86 | 8.85 | 232.22 | |
| PEG Ratio | 1.97 | 0.40 | 0.40 | 0.40 | 1.11 | 1.02 |
| EV/Sales Ratio | 1.83 | 2.28 | 2.58 | 2.41 | 2.89 | 4.47 |
| EV/EBITDA Ratio | 8.56 | 11.50 | 15.57 | 10.75 | 26.93 | 50.64 |
| EV/EBIT Ratio | 14.50 | 24.12 | 46.68 | 23.73 | ||
| EV/FCF Ratio | 10.36 | 11.73 | 33.13 | 10.67 | 1,263.31 | |
| Debt / Equity Ratio | 1.05 | 1.16 | 1.46 | 0.62 | 0.85 | 0.80 |
| Debt / EBITDA Ratio | 2.93 | 3.52 | 6.14 | 2.61 | 8.26 | 15.06 |
| Debt / FCF Ratio | 3.62 | 3.67 | 13.06 | 2.60 | 375.65 | |
| Net Debt / Equity Ratio | 0.42 | 0.62 | 1.10 | 0.14 | 0.71 | 0.52 |
| Net Debt / EBITDA Ratio | 1.19 | 1.91 | 4.65 | 0.59 | 7.07 | 9.80 |
| Net Debt / FCF Ratio | 1.44 | 1.95 | 9.90 | 0.59 | -5.98 | 244.54 |
| Asset Turnover | 0.69 | 0.65 | 0.56 | 0.58 | 0.41 | 0.35 |
| Inventory Turnover | 2.75 | 2.44 | 1.91 | 1.68 | 1.48 | 1.41 |
| Quick Ratio | 2.30 | 2.07 | 1.92 | 2.63 | 2.15 | 2.61 |
| Current Ratio | 2.91 | 2.71 | 2.72 | 3.57 | 3.46 | 3.68 |
| Return on Equity (ROE) | 20.46% | 16.16% | -4.18% | 4.72% | -13.74% | -15.37% |
| Return on Assets (ROA) | 5.45% | 3.82% | 1.94% | 3.72% | -2.10% | -2.86% |
| Return on Invested Capital (ROIC) | 10.96% | 7.67% | 4.76% | 8.51% | -4.58% | -6.04% |
| Return on Capital Employed (ROCE) | 10.20% | 7.20% | 3.10% | 6.50% | -3.90% | -4.10% |
| Earnings Yield | 6.31% | 4.75% | -1.72% | 1.79% | -7.30% | -5.52% |
| FCF Yield | 11.21% | 10.39% | 4.43% | 10.46% | -6.11% | 0.10% |
| Payout Ratio | 1.48% | 8.65% | ||||
| Buyback Yield / Dilution | -12.56% | -9.89% | -6.18% | -11.89% | -29.09% | -5.28% |