What is ANI Pharmaceuticals's net debt?

ANI Pharmaceuticals (ANIP) reported net debt of -$5.92M in Q1 2026.

How has ANI Pharmaceuticals's net debt changed year-over-year?

ANI Pharmaceuticals's net debt decreased by 103.6% year-over-year, from $166.65M to -$5.92M.

What is the long-term trend for ANI Pharmaceuticals's net debt?

Over 5 years (2020 to 2025), ANI Pharmaceuticals's net debt has grown at a -27.9% compound annual growth rate (CAGR), from $178.12M to $34.74M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

ANI Pharmaceuticals ANIP Net debt

Discontinued — last reported Q1 '26

Net debt at other companies

Sonos, Inc.SONO

-0.4×—

ANI PharmaceuticalsANIP

-0×-2.5×

Global Net LeaseGNL

-0.2×-0.1×

Healthcare Services GroupHCSG

-1.3×-22.6×

Global PartnersGLP

1.7×+0.2×

Ivanhoe ElectricIE

-19.6×—

Other financials

Income statement

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Revenue$237.5M+20.5%

Gross profit$143.9M+16.0%

Operating income$38.9M+48.5%

Net income$29.5M+88.1%

EPS (diluted)$1.28+85.5%

Balance sheet

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Cash & equivalents$311.2M+108%

Total debt$305.3M-3.5%

Total equity$562.3M+34.3%

Total assets$1.4B+10.0%

Cash flow

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Operating cash flow$58.4M+66.8%

CapEx$6.1M+146%

Free cash flow$52.3M+60.8%

Valuation

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Market cap$1.88B+18.3%

Profitability

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Gross margin60.8%+1.5pp

Operating margin13.4%—

Net margin10%+8.1pp

FCF margin20.7%+10.8pp

Returns & leverage

See full

Return on equity18.8%+15.6pp

Debt / equity0.5×-0.2×

Current ratio3.1×+0.5×

Where this comes from

Calculated from ANI Pharmaceuticals’s reported figures.

$305.3Mtotal debt−$311.2Mcash and equivalents=-$5.92M

The official record: ANI Pharmaceuticals’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ANI Pharmaceuticals's net debt?: ANI Pharmaceuticals (ANIP) reported net debt of -$5.92M in Q1 2026.
How has ANI Pharmaceuticals's net debt changed year-over-year?: ANI Pharmaceuticals's net debt decreased by 103.6% year-over-year, from $166.65M to -$5.92M.
What is the long-term trend for ANI Pharmaceuticals's net debt?: Over 5 years (2020 to 2025), ANI Pharmaceuticals's net debt has grown at a -27.9% compound annual growth rate (CAGR), from $178.12M to $34.74M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.