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ANI Pharmaceuticals ANIP Cortrophin Gel — Net Revenues

Other product segments

Generic pharmaceutical products
$99.05M+9.7%
ILUVIEN and YUTIQ
$18.72M-16.1%
Brand royalties and other revenues
$17.73M
Brands
$11.81M-10.5%
Other generic revenues
$1.61M

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Other financials

Income statement

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Revenue$266.0M+25.9%
Gross profit$165.9M+21.3%
Operating income$40.5M+191%
Net income$24.7M+189%
EPS (diluted)$1.05+192%

Balance sheet

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Cash & equivalents$360.2M+65.4%
Total debt$301.5M-4.2%
Total equity$597.2M+36.7%
Total assets$1.5B+11.3%

Cash flow

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Operating cash flow$56.7M-25.3%
CapEx$3.1M-23.9%
Free cash flow$53.6M-25.3%

Valuation

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Market cap$1.88B+25.6%
Enterprise value$1.82B+14.3%
P/E17.3×
P/S1.9×-0.1×

Profitability

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Gross margin60.4%-0.7pp
Operating margin15.4%
Net margin11.1%+10.0pp
FCF margin17.7%+0.9pp

Returns & leverage

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Return on equity21%+19.1pp
Debt / equity0.5×-0.2×
Current ratio2.9×+0.4×

Where this comes from

Reported directly by ANI Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The source filing: ANI Pharmaceuticals’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 7:01 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001023024-26-000069
Products and Services (in thousands)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Rare Disease and Brands
Cortrophin Gel$117,126$81,647$192,245$134,497
ILUVIEN and YUTIQ (1)18,71822,31637,97338,425
Rare Disease total net revenues$135,844$103,963$230,218$172,922
Brands11,81313,19524,14138,318
Brand royalties and other revenues17,73139,271
Rare Disease and Brands total net revenues$165,388$117,158$293,630$211,240
Generics and Other

Item 1. Condensed Consolidated Financial Statements (unaudited)

FAQ

What is ANI Pharmaceuticals's cortrophin gel — net revenues?
ANI Pharmaceuticals (ANIP) reported cortrophin gel — net revenues of $117.13M in Q2 2026.
How has ANI Pharmaceuticals's cortrophin gel — net revenues changed year-over-year?
ANI Pharmaceuticals's cortrophin gel — net revenues increased by 43.5% year-over-year, from $81.65M to $117.13M.
What is the long-term trend for ANI Pharmaceuticals's cortrophin gel — net revenues?
Over 2 years (2022 to 2025), ANI Pharmaceuticals's cortrophin gel — net revenues has grown at a 188.8% compound annual growth rate (CAGR), from $41.69M to $347.78M.
What does cortrophin gel — net revenues mean?
This metric represents the total gross sales of a specific pharmaceutical product line or therapeutic brand after accounting for returns, allowances, and rebates. It serves as a primary indicator of market adoption, pricing power, and commercial success for a key revenue-generating asset within the company's portfolio. Monitoring this figure helps investors assess the growth trajectory and competitive positioning of the product in its respective therapeutic category.

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