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MARKETS / NASDAQ / ANIP
NASDAQ · PHARMACEUTICAL PREPARATIONS · LARGE CAP

ANI Pharmaceuticals Inc. ANIP

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$883.4M
▲ 43.8% YoY
$78.3M
$171.4M
▲ 258.7% YoY
In brief

What this company does

ANI Pharmaceuticals develops, manufactures and commercializes therapeutics through its Rare Disease, Generics, and Brands businesses. As of December 31, 2025, its Generics portfolio included more than 120 products with a wide variety of indications. As of January 2026, it had 970 employees, of whom 753 were in the U.S., 148 in India, 30 in the UK, 19 in Germany, 11 in Portugal, 8 in Ireland, and 1 in Canada. Its Cortrophin Gel is approved by the U.S. Food and Drug Administration for the treatment of certain chronic autoimmune disorders, including acute exacerbations of multiple sclerosis and rheumatoid arthritis, in addition to excess urinary protein due to nephrotic syndrome. The Company markets ILUVIEN in the U.S. for chronic non-infectious uveitis affecting the posterior segment of the eye and for Diabetic Macular Edema, following a March 2025 FDA label expansion.

Written from the business description in ANI Pharmaceuticals, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.

Growth
USD 883.4M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 883.4 · Net income 78.3
400M800M200920112013201520172019202120232025
Compound annual growth
+40.8%
+33.5%
+27.7%
+48.0%
+17.7%
+9.7%
+55.1%
+71.3%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +33.5% 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
9 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 12.6% · Net 8.9%
-5000%-10000%200920112013201520172019202120232025
ROE
FY2025 · ROE 16.6%
10%20%30%-5%-10%-15%200920112013201520172019202120232025

Each USD of equity produced 17 cents of profit this year.

Cash & shareholders
USD 13.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 171.4
80M160M-20M-40M200920112013201520172019202120232025
Net buybacks $M Dividends $M
FY2025 · Dividends 1.2 · Net buybacks 12.2
5M10M-40M20122014201620182020202220242025

USD 1.2M in dividends and USD 12.2M in buybacks — 17% of the year's profit went back to shareholders.

Total assetsUSD 1.4B
EquityUSD 540.7M
CashUSD 285.6M
Gross debtUSD 309.1M
Net debtUSD 23.5M
Current ratio2.71×

Net debt stands at 4% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.90.60.50.30.20.20.20.20.20.10.10.10.00.00.00.00.0
Operating income $B0.10.00.0−0.0−0.0−0.00.00.00.00.00.00.00.0−0.0−0.1−0.0·
EBITDA $B0.10.00.1−0.0−0.0−0.00.10.10.10.00.00.00.00.0−0.1−0.0·
Income tax $B0.0−0.00.0−0.0−0.0−0.0−0.00.00.00.00.0−0.00.0−0.0···
Net income $B0.1−0.00.0−0.0−0.0−0.00.00.0−0.00.00.00.00.0−0.0−0.1−0.0−0.0
Free cash flow $B0.20.00.1−0.00.00.00.00.10.00.00.00.0−0.0−0.0−0.0−0.0−0.0
EPS, diluted $3.32−1.040.85−3.05−3.40−1.880.501.30−0.090.341.322.59−0.920.00−3.15−4.21−1.40
Dividend / sh $·················
Payout %1−99−3−0−00··········
ROE %16.6−4.45.0−14.8−16.1−11.03.08.3−0.62.410.331.8·····
Shares out B0.020.02···············

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 · 3 divergences in 65 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 16 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures3 divergent
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2009

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