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NASDAQ · Health care

AN2 Therapeutics, Inc. (ANTX)

It posted a net loss of $34.9M. At September 30, 2026 it held $20.2M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 9, 2026.

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Price
$4.33
+8.25% on the day · November 10, 2026
52-week range $1.00 to $7.19
Market cap
$163.4M

Key facts about AN2 Therapeutics, Inc.

Net worth
AN2 Therapeutics, Inc. has a market value (market cap) of $163.4M at the latest share price, and shareholders' equity of $75.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Cash flow
In fiscal 2025 operations used $29.8M of cash.
Latest report
The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 9, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
Next earnings report
AN2 Therapeutics, Inc.'s next report is expected around March 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

What AN2 Therapeutics, Inc. does

AN2 Therapeutics, Inc. is registered with the SEC under industry code SIC 2834 (Pharmaceutical Preparations). Its shares trade on NASDAQ under the ticker ANTX.

Revenue and profit by year

Net income
FY22: -$21.5M -$21.5M FY22FY22: -$41M -$41M FY22FY23: -$64.7M -$64.7M FY23FY24: -$51.3M -$51.3M FY24FY25: -$35.2M -$35.2M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025n/a-$38.1M-$35.2M-$1.16n/a
2024n/a-$56.8M-$51.3M-$1.72n/a
2023n/a-$69.6M-$64.7M-$2.74n/a
2022n/a-$42.3M-$41M-$2.79n/a
2022n/a-$21.6M-$21.5M-$10.64n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Next report expected around March 16, 2027.

Estimated from its filing rhythm: 52 weeks after its report of March 17, 2026. Not a date the company has announced. See the report calendar · Earnings, quarter by quarter

Latest SEC filings

What AN2 Therapeutics, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 9, 2026
    Quarterly report 10-Q · period to September 30, 2026Diluted EPS -$0.17 versus -$0.31.
  2. November 9, 2026
  3. September 14, 2026
  4. August 11, 2026
    Quarterly report 10-Q · period to June 30, 2026Diluted EPS -$0.18 versus -$0.21.
  5. August 11, 2026
  6. June 9, 2026
  7. June 4, 2026
  8. May 15, 2026
  9. May 11, 2026
    Quarterly report 10-Q · period to March 31, 2026Diluted EPS -$0.29 versus -$0.35.
  10. May 11, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on November 6, 2026. Insider transactions on SEC

Insider trades

What the people running AN2 Therapeutics, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

Insiders bought $11.6K and sold $330.1K worth of shares in the last 90 days. Most of the selling (96%) was pre-planned under Rule 10b5-1 trading plans.

Bought (open market)
$11.6K
last 90 days
Sold
$330.1K
last 90 days
Net sold
53,629
$318.5K
DateInsiderWhatSharesPriceValueFiling
November 5, 2026 Eizen Joshua MSee Remarks Sold 2,826 $4.22 $11.9K Form 4
October 12, 2026 Aziz KabeerDirector Received as pay 2,465 - - Form 4
October 12, 2026 Martin Patricia A.Director Received as pay 389 - - Form 4
October 12, 2026 Marks Gilbert LynnDirector Received as pay 2,283 - - Form 4
September 15, 2026 Trenor Cameron C. IIIChief Medical Officer Received as pay 116,667 - - Form 4
September 9, 2026 Readnour Robin ShaneDirector Soldpre-planned (10b5-1), indirect 523 $6.02 $3.2K Form 4
September 9, 2026 Readnour Robin ShaneDirector Soldpre-planned (10b5-1), indirect 585 $6.02 $3.5K Form 4
September 8, 2026 Readnour Robin ShaneDirector Soldpre-planned (10b5-1), indirect 4,725 $6.02 $28.4K Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns ANTX

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
Commodore Capital LP13G, passive with 3 related filers 9.9% 3,697,435 March 16, 2026
Coastlands Capital LP13G, passive with 4 related filers 9.3% 2,815,900 June 4, 2025
Vivo Opportunity Fund Holdings, L.P.13G, passive with 3 related filers 8% 2,864,346 March 13, 2026
Adjuvant Capital GP, L.P.13G, passive with 3 related filers 7.9% 2,373,500 February 28, 2025
Eric Easom13G, passive 7.9% 2,232,004 February 13, 2026
Millennium Management LLC13G, passive with 3 related filers 6.3% 2,237,102 March 13, 2026

Latest filings below 5%: Almitas Capital LLC 4.1% (May 15, 2026); BML Investment Partners, L.P. 1.4% (June 18, 2025); RA Capital Management, L.P. 0% (February 14, 2025); Frazier Life Sciences Public Fund, L.P. 0% (February 14, 2025); Brii Biosciences Limited 3.1% (February 14, 2025).

Largest institutional holders

Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 66 managers reported a position.

HolderSharesValueChange on quarter
Vivo Capital, LLC3,153,640$15.3M0
Commodore Capital LP2,933,680$14.2M+599,967
Millennium Management LLC2,318,692$11.2M+96,190
BlackRock, Inc.1,665,494$8.1M+1,346,726
Spruce Street Capital LP1,661,073$8M0
Almitas Capital LLC1,469,129$7.1M-10,000
Vanguard Capital Management LLC1,238,705$6M+227,627
Adage Capital Partners GP, L.L.C.1,000,000$4.8M0
Citadel Advisors LLC951,997$4.6M+796,758
Boxer Capital Management, LLC749,035$3.6M0
Geode Capital Management, LLC697,806$3.4M+411,259
SummitTX Capital, L.P.597,453$2.9Mnew
Balyasny Asset Management L.P.556,027$2.7Mnew
Stonepine Capital Management, LLC551,692$2.7M-162,153
Ameriprise Financial Inc537,064$2.6M-159,117
Sio Capital Management, LLC529,933$2.6M-127,267
Ally Bridge Group (NY) LLC526,315$2.5M0
Prosight Management, LP474,638$2.3M-41,116
Woodline Partners LP459,805$2.2M-533,866
State Street Corp311,602$1.5M+196,400

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

12 insiders reported holding 1,855,878 shares in total, about $8M at the last price.

HolderSharesAs of
Readnour Robin ShaneDirector 624,765624,765 held indirectly September 9, 2026
Easom EricChief Executive Officer, Director 368,630 February 20, 2026
Eizen Joshua MSee Remarks 207,546 November 5, 2026
Chanda SanjayChief Development Officer 118,823 February 20, 2026
Day LucyChief Financial Officer 118,363 February 20, 2026
Trenor Cameron C. IIIChief Medical Officer 116,667 September 15, 2026
Marks Gilbert LynnDirector 84,156 October 12, 2026
Williams Sarah JoannePrincipal Accounting Officer 66,311 September 1, 2026
Aziz KabeerDirector 61,571 October 12, 2026
Prior Stephen DavidChief Strategy Officer 59,086 January 6, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about ANTX

What does AN2 Therapeutics, Inc. do?

AN2 Therapeutics, Inc. is a company in the Health care sector, listed on NASDAQ as ANTX. Its shares trade on NASDAQ under the ticker ANTX.

What is AN2 Therapeutics, Inc.'s net worth?

AN2 Therapeutics, Inc. has a market value (market cap) of $163.4M at the latest share price, and shareholders' equity of $75.5M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is AN2 Therapeutics, Inc. profitable?

No. Over the twelve months to September 30, 2026 it reported a net loss of $34.9M.

When did AN2 Therapeutics, Inc. last report?

Its most recent periodic report is the quarterly report (10-Q) filed on November 9, 2026. It covers the period to September 30, 2026.

When is AN2 Therapeutics, Inc.'s next earnings report?

AN2 Therapeutics, Inc.'s next report is expected around March 16, 2027. That is an estimate from its filing rhythm, not a date the company has announced.

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Where the numbers come from

Financial figures are the values AN2 Therapeutics, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.