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ANI Pharmaceuticals Inc
F:BSFA

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ANI Pharmaceuticals Inc Logo
ANI Pharmaceuticals Inc
F:BSFA
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Price: 54.5 EUR Market Closed
Market Cap: €1.1B

ANI Pharmaceuticals Inc
Investor Relations

ANI Pharmaceuticals makes and sells prescription medicines in the United States. Its business includes branded drugs, generic drugs, and a growing set of specialty and rare-disease treatments. It also manufactures some of its own products, which gives it more control over supply for medicines that can be hard to make reliably. The company sells mainly to pharmacies, wholesalers, hospitals, and other healthcare customers that distribute medicines to patients. It earns money when those customers buy its products, and in some cases through licensing or product rights tied to specific drugs. A large part of ANI’s business comes from medicines that have already been approved and are sold after the company takes over or develops the product. What makes ANI different is its focus on older, off-patent medicines and specialized pharmaceutical products rather than broad consumer healthcare. That means it competes through manufacturing know-how, regulatory expertise, and the ability to keep supplying drugs that still have steady medical demand. In simple terms, ANI is a drug maker that finds value in established medicines and the harder-to-manufacture products many larger pharma companies overlook.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 8, 2026
AI Summary
Q1 2026

Strong Q1: ANI reported total net revenue of $237.5 million, up 20% year over year, and adjusted EBITDA of $63 million, up 24%.

Rare Disease momentum: Cortrophin Gel revenue rose 42% to $75.1 million, with management saying April had the highest new patient starts and monthly volumes dispensed since launch.

Guidance raised: The company lifted 2026 revenue guidance to $1.08 billion to $1.14 billion and adjusted EBITDA guidance to $285 million to $300 million.

Gout expansion: ANI is adding a 90-person commercial team to target acute gouty arthritis flares in primary care and podiatry, with a bigger impact expected in 2027 than 2026.

Harmony deal: ANI recognized $21.5 million of revenue from its Harmony licensing transaction in Q1, including a $15 million upfront fee and initial royalty income.

Capital return: The board authorized a new $100 million share repurchase program, while management said M&A and business development remain the top use for excess cash.

Key Financials
Total net revenue
$237.5 million
Cortrophin Gel revenue
$75.1 million
ILUVIEN revenue
$19.3 million
Generics revenue
$105.4 million
Harmony licensing revenue
$21.5 million
Upfront license fee
$15 million
Potential development milestone payment
$10 million
Adjusted EBITDA
$63 million
Gross margin
60.8%
Adjusted earnings per share
$2.05
Adjusted research and development expenses
$10 million
Adjusted selling, general and administrative expenses
$71.4 million
Cash and equivalents
$311.2 million
Cash flow from operations
$58.4 million
Outstanding debt
$625 million
Gross leverage
2.6x
Net leverage
1.3x
Trailing 12 months adjusted EBITDA
$242 million
Share repurchase program
$100 million
Shares outstanding
21.5 million to 21.8 million
U.S. GAAP effective tax rate
approximately 26% to 28%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Nikhil Lalwani
President, CEO & Director
No Bio Available
Mr. Stephen P. Carey
Senior VP of Finance & CFO
No Bio Available
Mr. Chad Gassert
Senior Vice President of Corporate Development & Strategy
No Bio Available
Mr. Christopher K. Mutz
Senior VP & Head of Rare Disease
No Bio Available
Mr. Ori Gutwerg
Senior Vice President of Generics
No Bio Available
Mr. Muthusamy Shanmugam MS R.Ph.
Head of R&D, COO of Novitium Operations & Director
No Bio Available
Mr. James G. Marken
Senior Vice President of Operations
No Bio Available
Ms. Elizabeth Powell J.D.
Chief Compliance Officer & Head of Legal of Rare Disease
No Bio Available
Ms. Meredith W. Cook J.D.
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Krista L. Davis
Senior VP & Chief Human Resources Officer
No Bio Available

Contacts

Address
MINNESOTA
Baudette
210 W Main St
Contacts
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