ANI Pharmaceuticals beats Q3 revenue estimates on Cortrophin demand

Reuters
Nov 07, 2025
ANI Pharmaceuticals beats Q3 revenue estimates on Cortrophin demand

Overview

  • ANI Q3 2025 revenue grows 53.6% yr/yr, beating analyst expectations

  • Adjusted EPS for Q3 2025 beats consensus, reaching $2.04

  • Company raises 2025 revenue and adjusted EBITDA guidance, citing strong Rare Disease growth

Outlook

  • ANI raises 2025 total net revenue guidance to $854 mln - $873 mln

  • Company expects Rare Disease net revenues to be 50% of total in 2025

  • ANI anticipates 2025 adjusted non-GAAP EBITDA of $221 mln - $228 mln

Result Drivers

  • CORTROPHIN GEL GROWTH - Cortrophin Gel net revenues increased 93.8% yr/yr due to increased demand and expanded sales force across specialties

  • ILUVIEN REVENUE PRESSURE - ILUVIEN net revenues were pressured by reduced Medicare access but showed progress in label transition adoption

  • GENERICS GROWTH - Generics net revenues increased 20.6% yr/yr driven by a successful partnered generic launch

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$227.80 mln

$211.04 mln (8 Analysts)

Q3 Adjusted EPS

Beat

$2.04

$1.75 (8 Analysts)

Q3 EPS

$1.13

Q3 Net Income

$26.30 mln

Q3 Adjusted EBITDA

$59.60 mln

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the pharmaceuticals peer group is "buy"

  • Wall Street's median 12-month price target for ANI Pharmaceuticals Inc is $103.00, about 12.4% above its November 6 closing price of $90.23

  • The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX60lmXM

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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