ANI Pharmaceuticals (NASDAQ:ANIP) posted record fourth-quarter net revenue of $247.1 million on Friday, a 29.6% increase over the same period last year.
The results reflect the company’s ongoing transformation from a generics-focused drugmaker into a high-growth rare disease specialist, with its lead asset, Purified Cortrophin Gel, now acting as the primary engine for top-line growth.
On a GAAP basis, the company reported diluted earnings per share (EPS) of $1.18.
When adjusted for non-recurring items—including acquisition-related costs and amortization—adjusted diluted EPS reached $2.33, comfortably beating the Zacks Consensus Estimate of $1.99.
Total revenue for the full year 2025 rose 43.8% to $883.4 million.
The star performer of the quarter was Cortrophin Gel, which generated $111.4 million in revenue, an 87.6% jump year-over-year.
The Rare Disease segment was further bolstered by the addition of ophthalmology treatments ILUVIEN and YUTIQ, acquired via the Alimera Sciences deal in late 2024.
Combined, these ophthalmology products contributed $19.8 million to the fourth-quarter total.