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ANIP · Ani Pharmaceuticals Inc

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$71.44 +0.38 (+0.53%) At close · Nov 13
Market Cap
$1.62B
Shares
22.73M
Volume · Nov 13 383.87K Avg daily vol (3M) 412.71K

Price & Indicators

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20d MA 50d MA 200d MA Earnings Filing Insider Congress Investor day
Close$71.44 Open$70.54 Day$70.37–72.00 52W close$67.41–86.03 Avg vol 30d435K Short int3.6M · 15.8% of shares · 11.9d Short vol66% Last earningsNov 5, 2026 DataJan 2020–Nov 2026 Filing10-Q · Nov 5

Up next

Feb 26, 2027 Est · unconfirmed · in 15 wks

Latest documents

2026
Nov 5
Earnings call
Aegida offer reaches $560 million as guidance is cut

A&I Pharmaceuticals reported third-quarter revenue of $290.8 million and adjusted EBITDA of $83.3 million, cut 2026 gel revenue guidance to $480 million to $500 million, and offered $560 million for Aegida Therapeutics.

Read from the first part of this long document
6 source passages
A&I total net revenues were $290.8 million in the third quarter, up 28% over the prior year period. Adjusted non-GAAP EBITDA for the third quarter was $83.3 million, up 40% compared to the prior year, driven by revenue gains and favorable gross margin trends. With three quarters of actuals in the books, we are updating our 2026 financial guidance ranges. We are revising our guidance for Quartrofin gel net revenue to $480 million to $500 million to account for the reasons discussed by both Nikhil and Chris this morning. We are offering to acquire EGIDIS for a total equity consideration of $560 million. the terms and conditions of A&I's offer to acquire outstanding securities of Aegida Therapeutics Open the document at this passage
Nov 5
Current report 8-K Events of Nov 4
Cash offer launched for Egetis Therapeutics

ANI Pharmaceuticals launched a recommended public cash offer for Egetis Therapeutics worth approximately SEK 5.6 billion, supported by a $676 million senior bridge facility with JPMorgan Chase Bank, N.A.; shareholders representing 42.2% committed to accept.

Entered into a material agreement, New debt or off-balance-sheet obligation, Other events Read from the first part of this long document
4 source passages
On November 4, 2026, ANI Pharmaceuticals, Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) relating to a 364-day senior bridge facility (the “Facility”), with the lenders named therein and JPMorgan Chase Bank, N.A, as administrative agent. The Facility provides for borrowings up to an aggregate principal amount of $676 million and matures 364 days after the initial day of funding, in each case, as further described in the Credit Agreement. In the Offer, the Company is offering SEK 11.25 in cash for each share of Egetis, SEK 65,750,817 in cash for the EUR 3 million principal amount of the Convertible and SEK 6.99 in cash per Warrant (representing a total value of approximately SEK 5.6 billion or approximately $559.9 million, calculated utilizing a 30 trading day average USD to SEK exchange rate of 9.9471 as of November 3, 2026). Egetis shareholders representing an aggregate of approximately 42.2% of Egetis’ outstanding shares have provided irrevocable undertakings to accept the Offer, as described below. Open the document at this passage
Nov 5
Quarterly report 10-Q FY2026 Q3, ended Sep 30
Revenue up 24.8%; nine-month net income reaches $89,352 thousand

Ani Pharmaceuticals reported nine-month 2026 net revenues of $794.3 million, up 24.8%, and net income of $89,352 thousand, versus $636.3 million and $50,847 thousand a year earlier. Cortrophin Gel sales rose 40.0%, while Rare Disease and Brands revenue increased 39.8%.

Revenue $290.78M ▲ 27.6% Net income $35.15M ▲ 32.1% Diluted EPS $1.51 ▲ 33.6%
Read from the MD&A section
4 source passages
Net revenues for the nine months ended September 30, 2026 were $794.3 million compared to $636.3 million for the same period in 2025, an increase of 24.8% Net Income | 35,149 | 26,617 | 89,352 | 50,847 Cortrophin Gel | 330,900 | 236,347 | 94,553 | 40.0% Rare Disease and Brands total net revenues | 475,977 | 340,365 | 135,612 | 39.8% Open the document at this passage
Nov 5
Current report 8-K
Third-quarter revenue rises 27.6% amid proposed Egetis acquisition

ANI Pharmaceuticals reported third-quarter net revenues of $290.8 million, up 27.6%, and adjusted non-GAAP EBITDA of $83.3 million, up 39.8%. It proposed acquiring Egetis Therapeutics for SEK 11.25 per share, valuing the offer at approximately SEK 5.6 billion.

Financial results, Regulation FD disclosure
4 source passages
Quarterly net revenues of $290.8 million, an increase of 27.6% year-over-year Quarterly GAAP net income available to common shareholders of $35.1 million; quarterly adjusted non-GAAP EBITDA of $83.3 million, an increase of 39.8% year-over-year On November 5, 2026, ANI announced a recommended public offer to acquire the shares in Egetis Therapeutics AB (‘Egetis’) for SEK 11.25 per share, representing a 27% premium to the 60-day VWAP, as well as the convertible debt and the warrants issued by Egetis. The value of the Offer, including outstanding incentive programs, amounts to approximately SEK 5.6 billion or approximately $5601 million. Open the document at this passage
All documents

Metrics snapshot

Useful current figures from the complete screener profile.

Revenue (TTM)
$1.04B
Trailing 12 months
Net income (TTM)
$116.84M
Trailing 12 months
Revenue growth YoY
+27.6%
Year over year
Operating margin
16.0%
Trailing 12 months
P / E (TTM)
14.3
Trailing earnings · reciprocal yield 7.0%
FCF yield
12.6%
TTM · current market cap
Return on invested capital
24.0%
Trailing 12 months
Net cash
$123.08M
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
+2.8%
Year over year · more shares
Price change (1Y)
-15.5%
Trailing year
Short interest
15.8%
Latest settlement · 11.9 days to cover
View all 125 metrics

AI Brief

Q3 FY26 earnings call · Nov 5, 2026
Q3 FY26

TL;DR. Q3 revenue, Rare Disease revenue, EBITDA, gross margin and Generics revenue grew strongly, while ANI raised EBITDA, EPS and ILUVIEN guidance and Cortrophin demand remained strong. Risks included slower Cortrophin revenue conversion and lower guidance, declining Brands revenue, higher operating expenses, and year-one EPS dilution from the proposed Egetis acquisition.

Bullish
  • + The proposed Egetis acquisition would add EMCITATE, an approved rare disease therapy with over $300 million in potential peak sales in its approved indication. new
Bearish
  • − ANI reduced 2026 Cortrophin Gel revenue guidance to $480 million-$500 million from $520 million-$540 million after revenue conversion fell short of expectations. new
  • − Brands revenue declined 6.5% to $10.0 million because of lower demand for certain products. new
  • − The proposed Egetis acquisition is expected to dilute adjusted non-GAAP EPS in year one because of launch investments. new
  • − Completion of the Egetis offer remains conditional on acceptance by at least 90% of outstanding shares and necessary regulatory approvals. new

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice
Overall
Neutral
SellHoldBuy
Technical Neutral Momentum Very Weak Sentiment Neutral Fundamentals Excellent Quant / Vol Moderate
Market backdrop VIX 19.3 · elevated Equity put/call 0.63
Technical
price trend
Neutral
50 / 200-day cross No cross
Price vs 200-day avg −7%
below
Price vs 50-day avg −1%
below
RSI (14) 50
neutral
MACD trend Positive
52-week position 22%
mid-range
Momentum
relative strength
Very Weak
1-month return −1%
trailing
6-month return −12%
trailing
YTD return −10%
this year
Relative strength −13%
vs S&P · 6-mo
Sentiment
smart money
Neutral
Trend (MA cross) No cross
50d $72 › 200d $77 — 200d above 50d
Institutional flow Accumulating
254 of 308 funds reported for Sep 30 · net +110.2K sh shares · +28 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
15.77% of shares out · ▲ +3.2% MoM · 11.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
308 holders — near 3-yr high, broad support
Squeeze score 82
high risk · 0–100
Fundamentals
Excellent
Revenue growth +2%
Y/Y
EPS growth +419%
Y/Y
Free cash flow $171.4M
Valuation P/E 14
below peers
Buyback $100.0M
authorized
Balance sheet $23.5M
net debt
Quant / Vol
risk profile
Moderate
Volatility 32%
annualized · 1-yr
Max drawdown −22%
past year
ATR 3.3%
of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

Beat or met 5 of last 5
Latest guidance · from the Earnings Call filed Aug 7, 2026
Adjusted gross margin · 2026 Non-GAAP Maintained 59.9% – 60.9%
May 8, 2026 59.9% – 60.9% changed to Aug 7, 2026 59.9% – 60.9%
Adjusted non-GAAP earnings per share · 2026 Non-GAAP Maintained $9.19 – $9.69
May 8, 2026 $9.19 – $9.69 changed to Aug 7, 2026 $9.19 – $9.69
Adjusted non-GAAP EBITDA · 2026 Non-GAAP Maintained $285M – $300M
May 8, 2026 $285M – $300M changed to Aug 7, 2026 $285M – $300M
Total company net revenue · 2026 Maintained $1.08B – $1.14B
May 8, 2026 $1.08B – $1.14B changed to Aug 7, 2026 $1.08B – $1.14B
prior FY $883.37M midpoint +25.7% Y/Y
KortrofenGel net revenue · 2026 $520M – $540M
Illuvian net revenue · 2026 $78M – $83M
Previous outlook earlier release · from the Earnings Call filed May 8, 2026

Still-open targets the latest release did not restate under the same label.

Cortrophin gel revenues · 2026 $540M – $575M
Alluvian net revenue · 2026 $78M – $83M
Share repurchase program · three-year $100M
Prior guidance period ended · from the Earnings Call filed Aug 7, 2026
Cotrofin revenues · third quarter $143M – $153M
Guided vs delivered · last 5 settled
Net revenue Full year 2025
guided $854M – $873M
$883.37M Beat +2.3%
Estimated 2024 revenue 2024
guided $520M – $542M
$614.38M Beat +15.7%
Net Revenue (total Company) Full Year 2023
guided $468M – $478M
$486.82M Beat +2.9%
Total Company Net Revenue full year 2022
guided $295M – $315M
$316.39M Beat +3.7%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral
1 · 4 · 1
50 / 200-day cross
No cross Neutral
Price vs 200-day avg
−7% Bearish
Price vs 50-day avg
−1% Neutral
RSI (14)
50 Neutral
MACD trend
Positive Bullish
52-week position
22% Neutral
Market signals — smart money & positioning
Bullish · 2 of 6
Trend (MA cross) No cross
50d $72 › 200d $77 — 200d above 50d
Institutional flow Accumulating
254 of 308 funds reported for Sep 30 · net +110.2K sh shares · +28 new
Insider flow Flat
No net insider activity over 90 days
Short interest Rising
15.77% of shares out · ▲ +3.2% MoM · 11.9 days cover
Volume signal Normal
Volume near normal
Institution breadth Multi-yr high
308 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $67 Now $71 · 22% Range high $86
vs 200-day avg -7% vs 50-day avg -1%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

the company's own KPIs, from written earnings releases and filings
Metric Latest Period YoY
Non-GAAP Adjusted Diluted Weighted-Average Shares Outstanding (excluded shares) non-GAAP 345,000 Six Months Ended June 30, 2026 —

Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period

Versus peers

Drug Manufacturers - Specialty & Generic — same industry group
Open screener →
Company Mkt cap YTD Rev growth Y/Y P/E Short % shares
ANIP
Ani Pharmaceuticals Inc
this stock
$1.62B -9.5% +2.5% 14.0 15.8%
TAK
Takeda Pharmaceutical Co Ltd
$68.47B +37.5% — — 0.1%
GALDY
Galderma Group AG
$53.23B +10.1% — — 0.0%
TEVA
Teva Pharmaceutical Industries Ltd
$51.92B +42.6% +4.3% 101.1 2.4%
JHPCY
Jiangsu Hengrui Pharmaceuticals Co., Ltd.
$40.66B — — — 0.0%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section
Ownership
Institutional Holders Accumulating
Holders
301
% held
102.5%
Reported
254 of 308
Top holder
BlackRock, Inc.
Held Float
View
Held by Funds
Fund positions
318
View
Short & Settlement
Short Interest Rising
Shares short
3.6M
Days to cover
11.9d
Change
+111.6K sh
View
Short Volume
Short vol %
66%
As of
Nov 13, 2026
Short Total
View
Fails to Deliver
FTD shares
16
Value
$1.2K
As of
Oct 9, 2026
View
Off-Exchange
Off-exchange %
50.4%
Week of
Oct 5, 2026
Off-exch Lit
View
Financials
Financials
Revenue (FY)
$883.4M
Net income (FY)
$78.3M
EPS diluted
$3.32
View
Buybacks
Authorized
$100.0M
View
Filings
SEC Filings
Latest
8-K
Filed
Nov 5, 2026
This year
22

ANI Pharmaceuticals reported third-quarter net revenues of $290.8 million, up 27.6%, and adjusted non-GAAP EBITDA of $83.3 million, up 39.8%. It proposed acquiring Egetis Therapeutics for SEK 11.25 per share, valuing the offer at approximately SEK 5.6 billion.

View
Proposed Sales
Value
$613.1K
Shares
8.6K
Filed
Oct 29, 2026
View
Earnings & Events
Webcasts Upcoming
Next webcast
Nov 17, 2026
Last webcast
Nov 5, 2026
View
Investor Relations
Latest news
ANI Pharmaceuticals Reports Third…
Published
Nov 5, 2026
Upcoming events
1
View

Performance

5D 20D 120D MTD YTD
ANIP +6.0% -1.2% -12.3% -0.8% -9.5%
SPY +2.6% -1.2% +0.5% -0.2% +10.6%
vs SPY +3.4% 0.0% -12.8% -0.6% -20.1%

Capital returns

Buyback program · as of May 8, 2026
Authorized
$100.00M
Spent (derived)
—
Remaining
—

Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.

Key facts CIK 1023024 CUSIP 00182C103 13F (30d) 225 filings 204 filers Visit website Investor relations