NASDAQ · Financial Statements

ANI Pharmaceuticals, Inc. (ANIP) Financial Statements

$72.61 NASDAQ: ANIP Market Cap $1.67B

ANI Pharmaceuticals, Inc. most recently reported annual revenue of $883.0M, net profit of $78.0M. Revenue grew at an average annual rate of 33.5% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

ANI Pharmaceuticals, Inc.: Revenue rose from $129.0M in 2016 to $883.0M in 2025, a change of +584.5% over 9 years; net profit was positive in 5 of 10 reported years; operating margin moved from 15.6% to 9.2%, a shift of -6.4 percentage points; the most recent year shows net profit of $78.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$129.0M$177.0M$202.0M$207.0M$208.0M$216.0M$316.0M$487.0M$614.0M$883.0M
Operating Expenses$109.0M$149.0M$166.0M$190.0M$224.0M$256.0M$352.0M$440.0M$614.0M$802.0M
Operating Profit$20.0M$28.0M$35.0M$16.0M$-16.0M$-40.0M$-35.0M$47.0M$1.0M$81.0M
Operating Margin15.6%16.0%17.5%7.9%-7.7%-18.4%-11.2%9.7%0.1%9.2%
Other Income$-11.0M$-12.0M$-15.0M$-13.0M$-10.0M$-16.0M$-27.0M$-27.0M$-23.0M$15.0M
Interest$11.0M$12.0M$15.0M$13.0M$9.0M$12.0M$28.0M$27.0M$18.0M$20.0M
Depreciation$22.0M$28.0M$34.0M$45.0M$45.0M$47.0M$60.0M$60.0M$68.0M$91.0M
Profit Before Tax$9.0M$16.0M$20.0M$3.0M$-26.0M$-56.0M$-63.0M$20.0M$-22.0M$96.0M
Tax$54.7M$106.6M$22.7M$-93.0M$13.2M$24.0M$23.6M$5.5M$16.6M$18.2M
Net Profit$4.0M$-1.0M$15.0M$6.0M$-23.0M$-43.0M$-48.0M$19.0M$-19.0M$78.0M
EPS$0.34$-0.09$1.32$0.50$-1.88$-3.40$-3.05$0.94$-1.04$3.32
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$132.0M$132.0M$137.0M$138.0M$148.0M$191.0M$197.0M$211.0M$228.0M$247.0M$237.0M$266.0M
Operating Expenses$114.0M$125.0M$117.0M$133.0M$169.0M$195.0M$171.0M$197.0M$205.0M$199.0M$199.0M$226.0M
Operating Profit$18.0M$7.0M$20.0M$5.0M$-21.0M$-4.0M$26.0M$14.0M$23.0M$48.0M$39.0M$40.0M
Operating Margin13.6%5.1%14.8%3.7%-13.8%-2.3%13.3%6.6%10.0%19.5%16.3%15.2%
Interest$6.0M$6.0M$5.0M$5.0M$2.0M$6.0M$8.0M$8.0M$5.0M$23.0M$4.0M$4.0M
Profit Before Tax$12.0M$1.0M$25.0M$-2.0M$-31.0M$-14.0M$20.0M$11.0M$34.0M$31.0M$40.0M$37.0M
Tax$13.7M$-22.0M$28.1M$0$23.3M$25.3M$21.5M$18.8M$21.3M$12.7M$26.7M$33.4M
Net Profit$10.0M$1.0M$18.0M$-2.0M$-24.0M$-10.0M$16.0M$9.0M$24.0M$27.0M$29.0M$25.0M
EPS$0.50$0.04$0.83$-0.14$-1.27$-0.55$0.69$0.36$1.13$1.17$1.28$1.05

Over the 10 years reported for ANI Pharmaceuticals, Inc., borrowings increased from $121.0M in 2016 to $325.0M in 2025, cash stood at $286.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.71 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$323.0M$412.0M$431.0M$457.0M$461.0M$772.0M$760.0M$904.0M$1.3B$1.4B
Current Assets$103.0M$132.0M$153.0M$188.0M$170.0M$322.0M$344.0M$520.0M$528.0M$753.0M
Cash$27.0M$31.0M$43.0M$62.0M$8.0M$100.0M$48.0M$221.0M$145.0M$286.0M
Inventory$26.0M$38.0M$41.0M$48.0M$61.0M$82.0M$105.0M$111.0M$137.0M$143.0M
Receivables$46.0M$59.0M$65.0M$72.0M$96.0M$129.0M$165.0M$162.0M$222.0M$281.0M
Fixed Assets$11.0M$20.0M$38.0M$41.0M$41.0M$53.0M$43.0M$45.0M$57.0M$62.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$5.0M$1.0M$5.0M$0$5.0M$5.0M$0$6.0M$6.0M$0
Other Assets$2.0M$2.0M$4.0M$4.0M$4.0M$28.0M$28.0M$28.0M$60.0M$62.0M
Total Liabilities$153.0M$237.0M$233.0M$244.0M$265.0M$413.0M$422.0M$447.0M$855.0M$900.0M
Current Liabilities$32.0M$39.0M$166.0M$62.0M$79.0M$88.0M$99.0M$145.0M$194.0M$278.0M
Borrowings$121.0M$202.0M$183.0M$186.0M$186.0M$287.0M$287.0M$286.0M$624.0M$325.0M
Other Liabilities$33.0M$36.0M$50.0M$58.0M$80.0M$125.0M$135.0M$161.0M$231.0M$574.0M
Equity$0$0$0$0$0$0$0$0$0$0
Reserves$170.0M$175.0M$197.0M$213.0M$196.0M$359.0M$339.0M$458.0M$429.0M$541.0M

For ANI Pharmaceuticals, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $151.0M; free cash flow was positive in 5 of 10 years; financing activities used $12.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$27.0M$39.0M$67.0M$46.0M$15.0M$3.0M$-31.0M$119.0M$64.0M$185.0M
Investing Cash Flow$-308.0M$-314.0M$-43.0M$-55.0M$-137.0M$-129.0M$-32.0M$-37.0M$-422.0M$-69.0M
Financing Cash Flow$-2.0M$-3.0M$-25.0M$-120.0M$-1.0M$1.0M$-1.0M$-8.0M$-79.0M$-12.0M
Net Cash Flow$-127.0M$4.0M$12.0M$19.0M$-54.0M$92.0M$-52.0M$168.0M$-76.0M$141.0M
Free Cash Flow$-122.0M$-69.0M$56.0M$18.0M$-53.0M$-20.0M$-48.0M$100.0M$47.0M$151.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.01
EV / EBITDA6.30
FCF Yield9.72%
Quick Ratio2.41
Interest Coverage5.47
Return 1Y17.73%
Return 3Y49.19%
Return 5Y137.73%

ANI Pharmaceuticals, Inc. (ANIP) financials — frequently asked questions

What is ANI Pharmaceuticals, Inc.'s annual revenue?

ANI Pharmaceuticals, Inc. (ANIP) reported annual revenue of $883.0M in its most recent fiscal year.

What is ANI Pharmaceuticals, Inc.'s net profit?

ANI Pharmaceuticals, Inc. (ANIP) reported net profit of $78.0M in its most recent fiscal year.

What is ANIP EV/EBITDA?

ANI Pharmaceuticals, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 6.30.

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