Skip to content
MARKETS / NASDAQ / ANIK
NASDAQ · SURGICAL & MEDICAL INSTRUMENTS & APPARATUS · MID CAP

Anika Therapeutics, Inc. ANIK

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$112.8M
▼ 5.9% YoY
$-10.9M
$4.4M
In brief

What this company does

Anika Therapeutics manufactures its OA Pain Management, Regenerative Solutions and other hyaluronic acid-based products at its facility in Bedford, Massachusetts. As of December 31, 2025, the company employed 235 full-time employees in the United States and Europe. In 2025, 2024 and 2023, the company's research and development expenses were $25.8 million, $25.5 million and $21.8 million, respectively. Its OA Pain Management product family consists of Orthovisc, Monovisc, and Cingal. Its Regenerative Solutions family includes Integrity, an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments, designed to protect injured tendons and promote healing in rotator cuff repair and other tendon procedures. Anika Therapeutics, Inc. was founded in 1992.

Written from the business description in Anika Therapeutics, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 3 March 2026. Every sentence was checked against that document before publication.

Growth
USD 112.8M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 112.8 · Net income -10.9
50M100M-40M-80M200920112013201520172019202120232025
Compound annual growth
−0.3%
−2.9%
+2.0%
+4.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −2.9% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−10 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -9.8% · Net -9.6%
20%40%-20%-40%-60%200920112013201520172019202120232025
ROE
FY2025 · ROE -7.3%
10%20%-10%-20%-30%200920112013201520172019202120232025

Each USD of equity lost 7 cents this year.

Cash & shareholders
USD 9.5M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 4.4
20.0M-2.5M-5.0M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 9.5
10M20M201620182019202020212022202320242025

USD 9.5M in buybacks went back to shareholders in a year without profit.

Total assetsUSD 190.3M
EquityUSD 143.5M
CashUSD 57.5M
Current ratio4.72×

Equity funds 75% of total assets.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.10.0
Operating income $B−0.0−0.00.00.00.0−0.00.00.00.00.10.00.10.00.00.00.00.0
EBITDA $B−0.0−0.00.00.00.0−0.00.00.00.00.10.10.10.00.00.00.00.0
Income tax $B0.00.00.00.0−0.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Net income $B−0.0−0.1−0.1−0.00.0−0.00.00.00.00.00.00.00.00.00.00.00.0
Free cash flow $B0.0−0.0−0.0−0.00.00.00.00.00.00.00.00.00.00.00.00.0−0.0
EPS, diluted $−0.76−3.83−5.64−1.020.28−1.691.891.272.112.152.012.511.390.820.620.320.32
Dividend / sh $·················
Payout %·················
ROE %−7.3−30.8−33.2−5.21.5−8.69.97.113.115.015.824.416.811.59.45.24.5
Shares out B0.010.010.010.010.010.010.010.010.010.010.020.010.010.010.010.01·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 74 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 12 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivitySurgical & Medical Instruments & Apparatus
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

Share this section

Download image