Company Analysis

ANI Pharmaceuticals, Inc. (ANIP)

Nasdaq: ANIP · Pharmaceutical Preparations · Baudette, MN · filing with the SEC since 1999
Grade6.3
◀ Past 6.3● Present 6.6▶ Future 5.8

The grade of ANI Pharmaceuticals, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past6.330% of the headline
● Present6.640% of the headline
▶ Future5.830% 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?

6.3/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.1/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2026-04-07.

weight 33% of this tense · 41st percentile among 497 sector filers · read for itself

From the record

ANI Pharmaceuticals, Inc.'s filings since 2017 show 2 warning events of 2 kinds: a notice about its exchange listing (8-K item 3.01, the latest 2020-05-14); an auditor change (8-K item 4.01, the latest 2026-04-07) (its current reports).

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

Track record

as filed
8.2/10

What has it actually done, year after year?

+23.9% a year over 10 filed years; profitable in 5 of 10.

weight 45% of this tense · 82nd percentile among 323 sector filers · read for its customers

From the record

ANI Pharmaceuticals, Inc.'s 10 filed years say what it did: revenue went from $129 million in fiscal 2016 to $883 million in fiscal 2025, up 23.9% a year; it rose in 9 of 9 years; it never fell from a peak; net income was positive in 5 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span23.9%top 37% of its family
  • the share of years revenue rosetop 8% of its family
  • the share of filed years with a profittop 15% of its family
  • the deepest fall from a revenue peak0.0%top 10% of its family

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

Shareholder treatment

as filed
5.6/10

How has it treated the people who own it?

Share count grew 9.3% a year. 9% of cash flow returned. Insiders: 50 sales, 0 purchases.

weight 22% of this tense · 56th percentile among 80 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, ANI Pharmaceuticals, Inc.'s diluted share count grew about 9.3% a year, and dividends and buybacks returned about 9% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 50 sales (35 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 34% of its family
  • cash returned against operating cash flowbottom 45% 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?

6.6/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
5.9/10

Is it financially healthy right now?

ROE 14%: 14¢ of profit per shareholder dollar. Leverage 62%: owes 62¢ per asset dollar.

weight 45% of this tense · 59th percentile among 473 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, ANI Pharmaceuticals, Inc. earned about 14 cents of profit for every dollar of shareholders' money. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 9.9% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 26% of its family
  • return on equitytop 10% of its family
  • the share count against the year beforetop 38% of its family

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

Industry position

as filed
8.2/10

How strong is its position in its industry?

top 19% of 315 in its family; net margin 8.7%.

weight 33% of this tense · 81st percentile among 315 sector filers · read for its customers

From the record

ANI Pharmaceuticals, Inc.'s standing among 315 graded names in its industry family: revenue of $883 million in fiscal 2025 ranks in the top 13% by size; a net margin of 8.7% ranks in the top 17%; revenue growth of 40.8% a year over the last 3 filed years ranks in the top 26% (its annual reports).

What it rests on

  • revenue against the family$883Mtop 13% of its family
  • net margin8.7%top 17% of its family
  • three-year revenue growth40.8%top 26% of its family

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

Leadership

as filed
5.8/10

What are the people in charge doing?

top 42% of 315 in its family for leadership; chief executive since 2020.

weight 22% of this tense · 58th percentile among 315 sector filers · read for its shareholders

From the record

ANI Pharmaceuticals, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Lalwani, Nikhil (PRESIDENT & CEO, as filed), filing under that title since 2020-09-10, 6.2 years (top 37% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 5.4 years (bottom 42%); 5 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 31%; 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 charge5 in three years among 16 peopletop 31% of its family
  • the median years the people in charge have filed5.4 yearsbottom 42% of its family
  • the chief executive's years on the record6.2 yearstop 37% 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?

5.8/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.5/10

How much room does it have to grow?

bottom 35% of 273 in its family for room to expand.

weight 45% of this tense · 35th percentile among 273 sector filers · read for itself

From the record

ANI Pharmaceuticals, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $286 million against debt of $292 million leaves -0.4% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is 19.4% of revenue (top 13%); research spending of 5.8% of revenue (bottom 5%) (its annual report).

What it rests on

  • cash less debt against assets-0.4%bottom 13% of its family
  • cash from operations less capital spending against revenue19.4%top 13% of its family
  • research spending against revenue5.8%bottom 5% of its family

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

Growth drivers

as filed
7.9/10

What could actually drive growth from here?

top 21% of 306 in its family for growth drivers.

weight 33% of this tense · 79th percentile among 306 sector filers · read for its customers

From the record

ANI Pharmaceuticals, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 40.8% a year over the last three filed years against 23.9% over all 10, speeding up (top 15% of its family); the newest year grew 43.8% (top 28%); research spending grew 32.3% a year (top 13%); capital spending grew 15.9% a year (top 26%) (its annual reports). ANI Pharmaceuticals, Inc. reported 5 product lines in fiscal 2025: Sales of Generic Pharmaceutical Products at $384 million (44%), Sales of Cortrophin Gel at $348 million (39%), Sales of ILUVIEN and YUTIQ at $75 million (9%), and 2 more; 3 of 5 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span+16.9 points a yeartop 15% of its family
  • the newest year's revenue growth43.8%top 28% of its family
  • three-year growth of research spending32.3%top 13% of its family
  • three-year growth of capital spending15.9%top 26% 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
7.1/10

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

top 29% of 233 in its family for expectations against reality.

weight 22% of this tense · 71st percentile among 233 sector filers · read for its shareholders

From the record

ANI Pharmaceuticals, Inc.'s newest year against its own record: revenue of $883 million in fiscal 2025 came in 3.2% above the $856 million its prior three years' pace pointed to (top 39% of its family); net income of $77 million against a prior three-year average of $18 million (top 2%); a net margin of 8.7% against -5.1% before (top 47%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace3.2%top 39% of its family
  • net income against the prior three years' averagefive times its prior average or moretop 2% of its family
  • net margin against its prior average+13.9 pointstop 47% 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 ANIP · research, not advice