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Anika Therapeutics

ANIK

Anika Therapeutics is a global healthcare company specializing in early intervention orthopedic solutions and osteoarthritis (OA) pain management.

Market cap
$199.85M+72.0%
Revenue$120.7M+29.5%
Net income-$4.1M+93.3%
Free cash flow$562.0K+105%
Trailing twelve months · change vs. prior year

Earnings

Next report

Date not yet announced

Financials

Q2 2026

Income statement

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Revenue$32.6M+15.6%
Net income$3.3M+183%
EPS (diluted)$0.24

Balance sheet

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Cash & equivalents$38.4M-27.8%
Total equity$137.3M-7.0%
Total assets$183.5M-2.2%

Cash flow

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Operating cash flow-$684.0K-262%
CapEx$1.4M-1.2%
Free cash flow-$2.1M-28.8%

Valuation & ratios

Valuation

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Market cap$199.85M+72.0%
P/S1.7×-0.1×

Profitability

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Net margin-3.4%-1.6pp
FCF margin0.5%

Returns & leverage

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Return on equity-2.9%-1.4pp
Current ratio4.5×-1.7×

Segments

By product

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OEM Channel$18.7M+14.5%
Commercial Channel$13.9M+17.1%

Competitors

Profile

Anika Therapeutics is a global healthcare company specializing in early intervention orthopedic solutions and osteoarthritis (OA) pain management. The company leverages its proprietary hyaluronic acid (HA) technology platform to develop and manufacture minimally invasive products that restore active living. Its core value proposition lies in providing a full continuum of care from pain relief injections to regenerative scaffolds for joint and soft tissue repair.

Competitive position

A leading specialist in hyaluronic acid technology with a dominant market share in the U.S. viscosupplement market through strategic licensing partnerships.

GeographiesUnited States, Europe, South America, Asia
Customer segmentsHealthcare Providers, Hospitals, Ambulatory Surgery Centers
Business modelManufacturing, Licensing, Direct-to-provider sales
SuppliersRaw material suppliers for hyaluronic acid, Specialized component manufacturers, Third-party sterilization services
CustomersJohnson & Johnson MedTech, Independent medical distributors, Group Purchasing Organizations (GPOs), Integrated Delivery Networks (IDNs)
Listed1993
Employees357.0
CEOStephen D. Griffin
Websiteanika.com
FilingsSEC EDGAR

Questions, answered.

What is Anika Therapeutics's market cap?
Anika Therapeutics (ANIK) has a market capitalization of $199.9M and trades on NASDAQ.
What is Anika Therapeutics's revenue and profitability?
Anika Therapeutics generated $120.7M in trailing twelve-month revenue with a net loss of $4.1M, representing a net margin of -3.4%, with free cash flow of $562.0K. These figures are based on the Q2 2026 filing.
Who are Anika Therapeutics's competitors?
Anika Therapeutics's key competitors include Bioventus Inc., Pacira BioSciences, Zimmer Biomet, Inc., and others. These companies compete in similar markets and product categories.
Who does Anika Therapeutics partner with?
Anika Therapeutics's notable partners include Johnson & Johnson MedTech, Phoenix Brio, Incorporated, Medacta Americas Manufacturing, Inc..
Where is Anika Therapeutics headquartered?
Anika Therapeutics is headquartered in United States of America and employs approximately 357 people. It has been publicly traded since 1993.