Anika Therapeutics, Inc. ANIK R2K
Anika Therapeutics, Inc., a joint preservation company, focuses on early intervention orthopedics in the United States, Europe, and internationally. The company offers osteoarthritis (OA) pain management products and services, such as Monovisc and Orthovisc, which are single- and multi-injection, HA viscosupplement products indicated for pain relief from OA conditions, as well as Cingal, a non-opioid, single-injection OA pain management product; regenerative solutions, including an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; Hyalofast, a resorbable scaffold used for single stage cartilage regeneration; and Tactoset injectable bone substitute, an HA-enhanced injectable bone repair therapy designed to treat insufficiency fractures and augment hardware fixation. It also provides Integrity, an HA-based scaffold with bone and tendon fixation components and arthroscopic delivery instruments; non-orthopedic products, including Hyvisc, a high molecular weight injectable HA veterinary product for the treatment of joint dysfunction in horses due to non-infectious synovitis associated with equine OA; Hyalobarrier, an anti-adhesion barrier indicated for use after abdominal-pelvic surgeries; and ophthalmic products; and Anikavisc and Nuvisc high molecular weight HA products. The company was founded in 1983 and is headquartered in Bedford, Massachusetts.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -0.3% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ANIK Anika Therapeutics, Inc. R2K | 14.53 | - | $193.33M | - | -6.56% | -7.85% | -0.30% | 8.93% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 23.39M | 33.46M | 27.18M | 29.39M | 21.26M | 30.55M | 26.79M | 26.96M | 24.72M | 30.42M | 29.70M | 29.77M | 35.40M | 30.68M | 31.69M | 32.69M | 34.29M | 38.15M | 39.54M | 36.69M | 39.66M | 40.26M | 37.92M | 44.30M | 41.47M | 29.02M | 30.72M | - | 26.17M | 28.22M | 27.82M | 30.61M | 29.61M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 11.49M | 13.86M | 12.23M | 11.44M | 10.62M |
| Gross Profit | 17.62M | 18.50M | 19.32M | 16.85M | 20.51M | 20.79M | 20.76M | 17.30M | 22.02M | 20.93M | 20.17M | 13.41M | 22.39M | 18.50M | 19.95M | 17.41M | 23.58M | 23.75M | 21.12M | 21.20M | 13.74M | 17.34M | 16.75M | 20.97M | 20.81M | 23.02M | 21.80M | 24.86M | 22.78M | 22.84M | 28.97M | 24.94M | 18.98M | 20.49M | - | 14.68M | 14.36M | 15.58M | 19.18M | 19.00M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.96M | 18.54M | 18.82M | 18.53M | 24.48M |
| Operating Income | 12.43M | 13.13M | - | 10.71M | 13.47M | 13.69M | - | 8.01M | 17.73M | 10.27M | - | -7.83M | 11.25M | 8.57M | - | 5.48M | 11.91M | 12.05M | - | 7.09M | -9.54M | -7.93M | - | 1.26M | 9.18M | 1.30M | -3.55M | -3.38M | -5.80M | -12.55M | -3.63M | -7.67M | -2.50M | -1.81M | - | -4.28M | -4.18M | -3.23M | 646.00K | -5.49M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2.69M | -2.76M | -1.83M | 1.96M | -4.08M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.87M | -3.97M | -2.24M | 764.00K | -4.82M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 89.00K | 681.00K | 939.00K | -1.04M | 235.00K |
| Net Income | 7.82M | 8.38M | 11.04M | 6.89M | 8.62M | 8.95M | 8.09M | 5.49M | 11.37M | 6.89M | 8.07M | -6.69M | 10.09M | 7.60M | 7.72M | 4.51M | 9.44M | 9.20M | 4.05M | 5.79M | -7.71M | -6.41M | -15.66M | 2.84M | 6.53M | 558.00K | -2.93M | -2.84M | -4.17M | -10.35M | -2.74M | -6.58M | -4.51M | -88.00K | - | -4.87M | -3.97M | -2.33M | 292.00K | -5.06M |
| Diluted EPS | 0.51 | 0.55 | 0.72 | 0.45 | 0.57 | 0.59 | 0.54 | 0.37 | 0.76 | 0.46 | 0.53 | -0.46 | 0.68 | 0.53 | 0.54 | 0.31 | 0.67 | 0.66 | 0.28 | 0.40 | -0.54 | -0.45 | -1.10 | 0.20 | 0.45 | 0.04 | -0.20 | -0.20 | -0.29 | -0.71 | -0.19 | -0.45 | -0.31 | 0.00 | - | -0.34 | -0.28 | -0.16 | 0.02 | -0.37 |
| R&D Expense | 1.81M | 2.06M | - | 2.16M | 2.79M | 2.82M | - | 4.23M | 4.45M | 5.84M | - | 5.16M | 4.73M | 4.23M | - | 4.26M | 4.17M | 4.16M | - | 6.05M | 4.53M | 5.22M | - | 6.36M | 7.29M | 7.67M | 6.16M | 6.97M | 7.30M | 8.40M | 8.91M | 7.79M | 6.41M | 6.68M | 5.95M | 6.06M | 6.31M | 6.95M | - | 6.71M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 103.38M | 113.42M | 105.56M | 114.61M | 130.46M | - | 113.83M | 120.79M | 119.91M | 112.82M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | 40.61M | 38.26M | 43.91M | 49.01M |
| Gross Profit | - | - | - | - | - | - | - | - | - | 74.28M | 85.86M | 69.03M | - | 73.22M | 82.53M | 76.00M | 63.81M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | 69.55M | 81.69M | 81.10M | 74.86M |
| Operating Income | 5.59M | 7.54M | 13.97M | 19.72M | 32.61M | 61.45M | 48.13M | 50.61M | 45.73M | 21.75M | 34.25M | -28.32M | - | 3.67M | 844.00K | -5.10M | -11.05M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 18.16M | 15.06M | 3.02M | -5.32M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.32M | 3.16M | -2.76M | -9.31M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.12M | 6.59M | 6.06M | 672.00K |
| Net Income | 3.69M | 4.32M | 8.47M | 11.76M | 20.57M | 38.32M | 30.76M | 32.55M | 31.82M | 18.72M | 27.19M | -23.98M | - | -14.86M | -82.67M | -56.38M | -10.88M |
| Diluted EPS | 0.32 | 0.32 | 0.62 | 0.82 | 1.39 | 2.51 | 2.01 | 2.15 | 2.11 | 1.27 | 1.89 | -1.69 | - | -1.02 | -5.64 | -3.83 | -0.76 |
| R&D Expense | 8.18M | 6.87M | 6.17M | 5.39M | 7.06M | 8.14M | 8.99M | 10.73M | 18.79M | 18.19M | 16.66M | 23.43M | 27.33M | 18.32M | 21.76M | 25.54M | 25.77M |
Compounded Sales Growth
| 5 Years: | -0.30% |
| 1 Year: | 13.20% |
Compounded Profit Growth
| 5 Years: | 8.93% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +30.31% |
| 6 Months: | +45.59% |
| 3 Months: | +1.18% |
| 1 Month: | +17.27% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 128.94M | 132.84M | 142.07M | 156.04M | 192.81M | 235.75M | 240.25M | 282.62M | 278.99M | 330.71M | 365.61M | - | 349.13M | 270.63M | 202.74M | 190.27M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 169.55M | 163.31M | 113.65M | 103.36M |
| Cash & Equivalents | 43.19M | 24.43M | 28.20M | 35.78M | 44.07M | 63.33M | 100.16M | 110.71M | 104.26M | 133.26M | 89.04M | 157.46M | 95.82M | - | 86.33M | 68.74M | 55.63M | 57.48M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 39.77M | 24.43M | 23.81M | 18.79M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 34.63M | 26.36M | 23.59M | 23.69M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 63.56M | 58.37M | 48.75M | 46.80M |
| Current Liabilities | - | - | 19.37M | 14.54M | 14.45M | 9.28M | 5.97M | 17.28M | 8.80M | 13.07M | 11.29M | 16.28M | 36.87M | - | 27.91M | 31.06M | 23.31M | 21.91M |
| Long Term Debt | - | - | 11.20M | 9.60M | 8.00M | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 30.89M | 27.74M | 25.93M | 26.25M |
| Total Equity | 60.76M | 82.14M | 85.19M | 94.76M | 108.92M | 135.63M | 178.10M | 210.85M | 222.77M | 263.49M | 263.61M | 288.38M | 272.40M | - | 285.56M | 212.26M | 153.99M | 143.47M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14.62M | 14.85M | 15.01M | 15.38M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 3.09M | 7.85M | 10.17M | 10.55M | 25.16M | 39.98M | 39.91M | 24.45M | 40.81M | 34.92M | 37.01M | 13.06M | - | 4.41M | -1.79M | 5.40M | 11.19M |
| Investing Cash Flow | -20.22M | -2.68M | -1.40M | -1.50M | -253.00K | -8.30M | -30.23M | -6.76M | -12.48M | -50.26M | 39.69M | -71.26M | - | -7.49M | -5.43M | -8.33M | -401.00K |
| Financing Cash Flow | -1.64M | -1.34M | -1.17M | -758.85K | -5.69M | 5.33M | 1.07M | -23.99M | 314.00K | -28.90M | -8.14M | -3.77M | - | -4.85M | -6.32M | -12.73M | -10.55M |
| Capital Expenditure | -3.96M | -2.78M | -1.40M | -1.50M | -441.00K | -1.55M | -9.22M | -14.01M | -8.98M | -4.66M | -2.83M | -1.63M | - | -7.49M | -5.43M | -8.33M | -6.83M |
| Free Cash Flow | -867.53K | 5.07M | 8.77M | 9.04M | 24.72M | 38.42M | 30.69M | 10.43M | 31.83M | 30.26M | 34.18M | 11.44M | - | -3.08M | -7.21M | -2.93M | 4.36M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | -7.93M | -13.54M | -15.66M | 236.00K |
| Share Buybacks | - | - | - | - | - | - | - | 25.00M | - | 30.00M | 30.00M | 0 | 0 | 0 | 5.00M | 10.91M | 9.48M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | 70.4% | 74.9% | 52.9% | - | 64.3% | 68.3% | 63.4% | 56.6% |
| Operating Margin % | - | - | - | - | - | - | - | 49.0% | 40.3% | 20.6% | 29.9% | -21.7% | - | 3.2% | 0.7% | -4.3% | -9.8% |
| Net Margin % | - | - | - | - | - | - | - | 31.5% | 28.1% | 17.7% | 23.7% | -18.4% | - | -13.1% | -68.4% | -47.0% | -9.6% |
| ROE % | 4.5% | 5.1% | 8.9% | 10.8% | 15.2% | 21.5% | 14.6% | 14.6% | 12.1% | 7.1% | 9.4% | -8.8% | - | -5.2% | -38.9% | -36.6% | -7.6% |
| ROCE % | - | 6.9% | 11.8% | 15.4% | 22.2% | 32.9% | 22.0% | 21.9% | 17.0% | 8.1% | 10.9% | -8.6% | - | 1.1% | 0.4% | -2.8% | -6.6% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 11.99% | 1.59M | $23.17M |
| 2 | Caligan Partners, LP | 10.79% | 1.44M | $20.85M |
| 3 | Morgan Stanley | 6.55% | 872.07K | $12.67M |
| 4 | Acadian Asset Management. LLC | 4.56% | 606.54K | $8.81M |
| 5 | Vanguard Capital Management LLC | 4.55% | 605.78K | $8.80M |
| 6 | Boothbay Fund Management, LLC | 3.98% | 529.50K | $7.69M |
| 7 | Renaissance Technologies, LLC | 3.77% | 502.22K | $7.30M |
| 8 | Dimensional Fund Advisors LP | 3.45% | 458.85K | $6.67M |
| 9 | Capital Management Corporation | 3.36% | 447.72K | $6.51M |
| 10 | Deutsche Bank AG | 2.65% | 353.17K | $5.13M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ANIK