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Financial statements

Anteris Technologies Global Corp. financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data Anteris Technologies Global Corp. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2025FY2025
Revenue2.71.91
Cost of revenue1.440.57
Gross profit1.271.34
Research and development51.569.1
Selling, general and administrative28.226.1
Operating income-78.4-93.9
Interest expense0.050.07
Interest income0.430.71
Other non-operating income2.440.47
Pre-tax income-76-94.2
Income tax00
Net income to minority interests0.32-0.08
Net income-76.3-94.1
EBITDA-76.9-92.2
EPS, basic-3.68-2.55
EPS, diluted-3.68-2.55
Shares, basic (weighted)20.336.9
Shares, diluted (weighted)20.336.9

Balance sheet

FY2025FY2025
Cash and equivalents70.56.7
Receivables0.210.03
Inventory0.510.15
Other current assets2.832.27
Total current assets74.715.7
Property, plant and equipment4.775.26
Lease right-of-use assets1.092
Intangible assets0.190.07
Other non-current assets0
Total assets80.723
Accounts payable5.8911.1
Accrued liabilities4.493.43
Short-term debt00.02
Total current liabilities16.621.4
Long-term debt00.02
Lease liabilities0.651.68
Other non-current liabilities0.810.18
Total liabilities1823.3
Total debt00.04
Paid-in capital350381
Retained earnings-276-371
Other comprehensive income-10.9-10.3
Shareholders' equity62.8-0.09
Minority interests-0.08-0.16
Total equity62.7-0.25
Total liabilities and equity80.723
Shares outstanding35.941.6

Cash flow statement

FY2025FY2025
Net income-76-94.2
Depreciation and amortization1.511.66
Stock-based compensation6.527.78
Change in inventory-0.070.36
Change in payables7.686.42
Cash from operations-61.2-77.8
Capital expenditures-2.27-1.95
Cash from investing-2.28-0.6
Debt repaid-7.19-1.23
Stock issued12025.8
Cash from financing11320.6
Exchange rate effect0.06-0.04
Net change in cash49.4-57.9
Free cash flow-63.5-79.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $7.69 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin75.0%Gross profit / revenue.
Operating margin-4,738.0%Operating income / revenue.
EBITDA margin-4,661.0%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-4,568.0%Pre-tax income / revenue.
Net margin-4,619.0%Net income / revenue.
FCF margin-3,934.0%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-3,847.0%Cash from operations / revenue.
Return on equity (ROE)-41.2%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-38.0%Net income / average total assets.
Return on invested capital (ROIC)-4,339.0%Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
R&D / revenue3,441.0%Research and development expense / revenue.
SG&A / revenue1,372.0%Selling, general and administrative expense / revenue.
Stock-based pay / revenue465.2%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue87.2%Capital expenditures / revenue.
D&A / revenue77.5%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y-29.2%Revenue vs the same period a year earlier. Only from a positive base.
Gross profit growth, 1y6.2%Gross profit vs the same period a year earlier. Only from a positive base.
Book value growth, 1y-100.1%Book value vs the same period a year earlier. Only from a positive base.
Total assets growth, 1y-71.5%Total assets vs the same period a year earlier. Only from a positive base.
Share count change, 1y82.3%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio14.2xCurrent assets / current liabilities.
Quick ratio13.6x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio13.6x(Cash + short-term investments) / current liabilities.
Debt / equity0.00xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets0.2%Total debt / total assets.
Liabilities / assets7.6%Total liabilities / total assets.
Net debt-$249.5MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-581xOperating income / interest expense.
Working capital$242.3MCurrent assets - current liabilities.
Goodwill and intangibles / assets0.0%(Goodwill + intangible assets) / total assets.
Tangible book value$251.3MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover0.01xRevenue / average total assets.
Fixed asset turnover0.40xRevenue / average property, plant and equipment.
Inventory turnover70.1xCost of revenue / average inventory.
Days inventory5 days365 x average inventory / cost of revenue.
Receivables turnover4.09xRevenue / average receivables.
Days sales outstanding89 days365 x average receivables / revenue.
Days payables3,318 days365 x average accounts payable / cost of revenue.
Cash conversion cycle-3,223 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$1.06Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$0.02Revenue / diluted weighted shares.
FCF per share-$0.91Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.89Cash from operations / diluted weighted shares.
Book value per share$2.58Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$2.58Tangible book value / shares outstanding.
Cash per share$2.57(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$749.5MShare price x shares outstanding.
Enterprise value$500.0MMarket cap + total debt - cash - short-term investments.
P/S334xMarket cap / revenue.
P/B2.98xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book2.98xMarket cap / tangible book value, when positive.
EV/Sales223xEnterprise value / revenue.
FCF yield-11.8%Free cash flow / market cap.
Earnings yield-13.8%Net income / market cap (the inverse of P/E).
What was Anteris Technologies Global Corp.'s revenue in fiscal 2025?

Anteris Technologies Global Corp. reported revenue of $1.9M for fiscal 2025, 29.2% lower than the year before.

Was Anteris Technologies Global Corp. profitable in fiscal 2025?

No. It reported a net loss of $94.1M.

How much free cash flow did Anteris Technologies Global Corp. generate in fiscal 2025?

Cash from operations of $77.8M minus capital expenditures of $2.0M left free cash flow of -$79.8M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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