Jun 2026 (Q2 FY26) — Aug 7, 2026
ANI Pharmaceuticals Q2 FY26 — Record Revenues and Strong Cortrophin Growth
Read the full callANI Pharmaceuticals earnings: last reported Fri, 7 Aug 2026, for the quarter ended Jun 2026.
Reported
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 266 | +25.9% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 15.2 | +8.6 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 24.7 | +189.1% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
1Y: $94.79 on 17 Oct 2025 → $72.56. High $95.38 (21 Oct 2025), low $70.16 (14 Oct 2026).
Overview
Call summaries
ANI Pharmaceuticals Q2 FY26 — Record Revenues and Strong Cortrophin Growth
Read the full callEvery analysed call
Financials
Net profit, year on year: +189% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 148 | 191 | 197 | 211 | 228 | 247 | 237 | 266 |
| Expenses | 169 | 195 | 171 | 197 | 192 | 212 | 199 | 226 |
| Operating profit | -21 | -4 | 26 | 14 | 36 | 35 | 39 | 40 |
| Operating margin | −13.8% | −2.3% | 13.3% | 6.6% | 15.9% | 14.1% | 16.4% | 15.2% |
| Profit before tax | -31 | -14 | 20 | 11 | 34 | 31 | 40 | 37 |
| Tax rate | 23.3% | 25.3% | 21.5% | 18.8% | 21.3% | 12.7% | 26.7% | 33.4% |
| Net profit | -24 | -10 | 16 | 9 | 27 | 27 | 29 | 25 |
| EPS ($ per share) | -1.27 | — | 0.70 | 0.37 | 1.19 | — | 1.31 | 1.09 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | 11 | 18 | -5 | -48 | -97 | -80 | -100 | -23 |
| Total liabilities | 233 | 244 | 265 | 413 | 422 | 447 | 856 | 900 |
| Fixed assets | 38 | 41 | 41 | 53 | 43 | 45 | 57 | 62 |
| Total assets | 431 | 457 | 461 | 772 | 760 | 904 | 1,284 | 1,440 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 67 | 46 | 15 | 3 | -31 | 119 | 64 | 185 |
| Cash from investing | -27 | -28 | -68 | -105 | -16 | -19 | -405 | -34 |
| Cash from financing | -28 | 1 | -1 | 195 | -5 | 67 | 265 | -10 |
| Net cash flow | — | — | — | 92 | -52 | 168 | -76 | 141 |
| Capital expenditure | -6 | -7 | -6 | -3 | -9 | -9 | -16 | -14 |
| Free cash flow | 61 | 39 | 9 | 1 | -40 | 110 | 48 | 171 |
106 filings between Nov 12, 2025 and Oct 15, 2026.
Purchases
None
No insider bought shares.
Sales
$15.47M
49 sales by 12 insiders
69% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Also filed: 1 gift.
| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Lalwani Nikhil | — | $5.44M | Oct 15, 2026 |
| Walsh Patrick D | — | $2.32M | May 13, 2026 |
| CAREY STEPHEN P. | — | $1.99M | Sep 29, 2026 |
| Mutz Christopher | — | $1.64M | Mar 13, 2026 |
| Gassert Chad | — | $1.31M | Nov 13, 2025 |
| Davis Krista | — | $918.6K | Mar 9, 2026 |
| Gutwerg Ori | — | $621.4K | Aug 10, 2026 |
| Cook Meredith | — | $454.6K | Oct 13, 2026 |
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Lalwani Nikhil PRESIDENT & CEO | Sale 10b5-1 plan | 5,400 | $388.2K |
| Oct 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $36.8K |
| Sep 29, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 2,850 | $208.1K |
| Sep 15, 2026 | Lalwani Nikhil PRESIDENT & CEO | Sale 10b5-1 plan | 5,400 | $383.4K |
| Sep 14, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $35.4K |
| Sep 11, 2026 | Thoma Jeanne Director | Sale 10b5-1 plan | 1,000 | $71.5K |
| Aug 31, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 2,850 | $207.5K |
| Aug 25, 2026 | Lalwani Nikhil PRESIDENT & CEO | Sale 10b5-1 plan | 5,400 | $401.2K |
| Aug 19, 2026 | Gosebruch Henry O Director | Award | 6,662 | $0 |
| Aug 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $37.7K |
| Aug 10, 2026 | Gutwerg Ori SVP, GENERICS | Sale | 3,162 | $243.5K |
| Jul 29, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 2,850 | $231.9K |
| Jul 18, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Tax withheld | 2,466 | $195.3K |
| Jul 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $40.9K |
| Jul 2, 2026 | CAREY STEPHEN P. SVP & CFO | Option exercise 10b5-1 plan | 3,313 | $164.0K |
| Jul 2, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 3,313 | $284.9K |
| Jun 29, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 2,850 | $239.7K |
| Jun 12, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $41.0K |
| Jun 8, 2026 | HAUGHEY THOMAS Director | Sale 10b5-1 plan | 2,000 | $161.8K |
| Jun 5, 2026 | CAREY STEPHEN P. SVP & CFO | Sale 10b5-1 plan | 3,312 | $265.0K |
| Jun 5, 2026 | CAREY STEPHEN P. SVP & CFO | Option exercise 10b5-1 plan | 3,312 | $164.0K |
| May 21, 2026 | Leonard Matthew J Director | Award | 4,357 | $0 |
| May 21, 2026 | Pera Antonio R Director | Award | 4,357 | $0 |
| May 21, 2026 | TANNENBAUM RENEE P Director | Award | 4,357 | $0 |
| May 21, 2026 | HAUGHEY THOMAS Director | Award 10b5-1 plan | 4,357 | $0 |
| May 21, 2026 | Thoma Jeanne Director | Award | 4,357 | $0 |
| May 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $39.1K |
| May 13, 2026 | Walsh Patrick D Director | Sale | 10,000 | $806.3K |
| May 12, 2026 | Gutwerg Ori SVP, GENERICS | Sale | 2,772 | $220.4K |
| May 12, 2026 | Rowland Thomas Andrew SVP, HEAD - ESTABLISHED BRANDS | Sale | 459 | $36.4K |
| May 11, 2026 | Walsh Patrick D Director | Sale | 3,973 | $320.8K |
| May 11, 2026 | Lalwani Nikhil PRESIDENT & CEO | Sale | 55,000 | $4.27M |
| Apr 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $39.0K |
| Mar 13, 2026 | Mutz Christopher HEAD OF RARE DISEASE | Sale 10b5-1 plan | 3,162 | $226.5K |
| Mar 13, 2026 | Cook Meredith SR. VP, GENERAL COUNSEL & SEC. | Sale 10b5-1 plan | 500 | $36.3K |
| Mar 11, 2026 | Rowland Thomas Andrew SVP, HEAD - ESTABLISHED BRANDS | Sale | 4,772 | $357.5K |
| Mar 9, 2026 | Davis Krista SVP, CHIEF HR OFFICER | Sale 10b5-1 plan | 5,087 | $377.1K |
| Mar 9, 2026 | Mutz Christopher HEAD OF RARE DISEASE | Sale 10b5-1 plan | 3,602 | $267.2K |
| Mar 7, 2026 | Gutwerg Ori SVP, GENERICS | Tax withheld | 3,314 | $245.4K |
| Mar 7, 2026 | Lalwani Nikhil PRESIDENT & CEO | Tax withheld | 17,060 | $1.26M |
| Mar 7, 2026 | CAREY STEPHEN P. SVP & CFO | Tax withheld | 5,150 | $381.3K |
| Mar 7, 2026 | Mutz Christopher HEAD OF RARE DISEASE | Tax withheld 10b5-1 plan | 3,314 | $245.4K |
| Mar 6, 2026 | Davis Krista SVP, CHIEF HR OFFICER | Sale 10b5-1 plan | 1,485 | $111.4K |
| Mar 6, 2026 | Mutz Christopher HEAD OF RARE DISEASE | Sale 10b5-1 plan | 2,121 | $157.4K |
| Mar 5, 2026 | CAREY STEPHEN P. SVP & CFO | Sale | 3,312 | $249.8K |
| Mar 5, 2026 | CAREY STEPHEN P. SVP & CFO | Option exercise | 3,312 | $164.0K |
| Mar 5, 2026 | CAREY STEPHEN P. SVP & CFO | Sale | 4,000 | $302.2K |
| Mar 3, 2026 | Gutwerg Ori SVP, GENERICS | Sale | 2,060 | $157.6K |
| Mar 3, 2026 | Walsh Patrick D Director | Sale | 6,000 | $445.4K |
| Mar 2, 2026 | Mutz Christopher HEAD OF RARE DISEASE | Sale 10b5-1 plan | 417 | $30.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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