Company Analysis

Anika Therapeutics Inc. (ANIK)

Nasdaq: ANIK · Surgical & Medical Instruments & Apparatus · Bedford, MA · filing with the SEC since 1996
Grade5.5
◀ Past 5.7● Present 5.4▶ Future 5.6

The grade of Anika Therapeutics Inc.

Nine metrics read from its own filings, by tense
Headline grade
5.5/10
◀ Past5.730% of the headline
● Present5.440% of the headline
▶ Future5.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.7/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
6.3/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2017-05-05.

weight 33% of this tense · 63rd percentile among 121 sector filers · read for itself

From the record

Anika Therapeutics Inc.'s filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2017-05-05) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.5/10

What has it actually done, year after year?

+1% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 35th percentile among 105 sector filers · read for its customers

From the record

Anika Therapeutics Inc.'s 10 filed years say what it did: revenue went from $103 million in fiscal 2016 to $113 million in fiscal 2025, up 1% a year; it rose in 5 of 9 years; the deepest fall was 24% from fiscal 2021 to fiscal 2025; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span1.0%bottom 18% of its family
  • the share of years revenue rosebottom 18% of its family
  • the share of filed years with a profittop 30% of its family
  • the deepest fall from a revenue peak23.7%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
9.2/10

How has it treated the people who own it?

Share count shrank 1.0% a year. 100% of cash flow returned. Insiders: 0 sales, 4 purchases.

weight 22% of this tense · 92nd percentile among 40 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Anika Therapeutics Inc.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 4 purchases of their own stock on the open market in the year to 2026-09-30, buying about $264 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 11% of its family
  • cash returned against operating cash flowtop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.4/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
7.3/10

Is it financially healthy right now?

ROE -8%: lost 8¢ per shareholder dollar. Leverage 25%: owes 25¢ per asset dollar.

weight 45% of this tense · 73rd percentile among 120 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Anika Therapeutics Inc. lost about 8 cents for every dollar of shareholders' money, and gross profitability: its products earned about 34 cents per dollar of everything the company owns. Leverage: it owed about 25 cents per dollar of assets, and net share issuance: its share count shrank 2.6% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 24% of its family
  • return on equitytop 32% of its family
  • gross profit against assetstop 47% of its family
  • the share count against the year beforetop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
4.6/10

How strong is its position in its industry?

bottom 46% of 109 in its family; net margin -9.6%.

weight 33% of this tense · 46th percentile among 109 sector filers · read for its customers

From the record

Anika Therapeutics Inc.'s standing among 109 graded names in its industry family: revenue of $113 million in fiscal 2025 ranks in the top 44% by size; a net margin of -9.6% ranks in the top 39%; revenue growth of -0.3% a year over the last 3 filed years ranks in the bottom 23% (its annual reports).

What it rests on

  • revenue against the family$113Mtop 44% of its family
  • net margin-9.6%top 39% of its family
  • three-year revenue growth-0.3%bottom 23% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.6/10

What are the people in charge doing?

bottom 26% of 91 in its family for leadership; chief executive since 2026.

weight 22% of this tense · 26th percentile among 91 sector filers · read for its shareholders

From the record

Anika Therapeutics Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Griffin, Stephen D. (President and CEO, as filed), filing under that title since 2026-02-03, 9 months (bottom 16% of its family); the 9 officers and directors filing in the last fifteen months have been on the record a median of 5 years (bottom 43%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 9 people in charge now (bottom 19%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge9 in three years among 9 peoplebottom 19% of its family
  • the median years the people in charge have filed5.0 yearsbottom 43% of its family
  • the chief executive's years on the record10 monthsbottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.1/10

How much room does it have to grow?

top 39% of 104 in its family for room to expand.

weight 45% of this tense · 61st percentile among 104 sector filers · read for itself

From the record

Anika Therapeutics Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $57 million against no long-term debt tagged leaves 30.2% of its assets as net cash, top 29% of its family; cash from operations less capital spending is 3.9% of revenue (top 33%); a gross margin of 56.6% (bottom 43%); research spending of 22.8% of revenue (top 36%) (its annual report).

What it rests on

  • cash less debt against assets30.2%top 29% of its family
  • cash from operations less capital spending against revenue3.9%top 33% of its family
  • gross margin56.6%bottom 43% of its family
  • research spending against revenue22.8%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
4.4/10

What could actually drive growth from here?

bottom 44% of 105 in its family for growth drivers.

weight 33% of this tense · 44th percentile among 105 sector filers · read for its customers

From the record

Anika Therapeutics Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -0.3% a year over the last three filed years against 1% over all 10, slowing (bottom 46% of its family); the newest year grew -5.9% (bottom 16%); research spending grew 12% a year (top 32%); capital spending grew -3% a year (bottom 49%) (its annual reports). Anika Therapeutics Inc. reported 2 product lines in fiscal 2025: OEM Channel at $64 million (57%), Commercial Channel at $48 million (43%); 1 of 2 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-1.3 points a yearbottom 46% of its family
  • the newest year's revenue growth-5.9%bottom 16% of its family
  • three-year growth of research spending12.0%top 32% of its family
  • three-year growth of capital spending-3.0%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.4/10

Did its newest year beat what its own record pointed to?

top 36% of 88 in its family for expectations against reality.

weight 22% of this tense · 64th percentile among 88 sector filers · read for its shareholders

From the record

Anika Therapeutics Inc.'s newest year against its own record: revenue of $113 million in fiscal 2025 came in 8.3% below the $123 million its prior three years' pace pointed to (bottom 39% of its family); net income of $11 million against a prior three-year average of $51 million (top 21%); a net margin of -9.6% against -42.8% before (top 26%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-8.3%bottom 39% of its family
  • net income against the prior three years' average+79%top 21% of its family
  • net margin against its prior average+33.2 pointstop 26% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ANIK · research, not advice