ANTERIS TECHNOLOGIES GLOBAL Financials
ANTERIS TECHNOLOGIES GLOBAL (AVR) reported $2.2M in revenue over the twelve months to Jun 30, 2026, down 9.6% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 2 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Anteris is financed like a development-stage business: external capital funds heavy R&D while operating cash generation remains deeply negative
Gross margin expansion from46.8% to70.3% despite declining revenue indicates better reported economics per dollar sold, not scale-driven growth. Operating margin worsened from-29.0% to-49.1% , showing that development spending overwhelmed gross-profit improvement.
Cash conversion remains weak: free cash flow of
R&D reached
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of ANTERIS TECHNOLOGIES GLOBAL's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
ANTERIS TECHNOLOGIES GLOBAL's reported operating margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 22/100.
ANTERIS TECHNOLOGIES GLOBAL's revenue declined 29.2% year-over-year, from $2.7M to $1.9M. This contraction results in a growth score of 3/100.
ANTERIS TECHNOLOGIES GLOBAL's current ratio of 0.73 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.
ANTERIS TECHNOLOGIES GLOBAL's reported free cash flow margin for fiscal year 2025 is below the lowest share of revenue this page publishes, so the figure is not shown here. This dimension scores 1/100.
ANTERIS TECHNOLOGIES GLOBAL scores -14.26, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($851.8M) relative to total liabilities ($23.3M). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
ANTERIS TECHNOLOGIES GLOBAL passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.
ANTERIS TECHNOLOGIES GLOBAL reported a net loss of $94.1M while operations used $77.8M of cash. With neither figure positive, the ratio between the two carries no quality signal.
ANTERIS TECHNOLOGIES GLOBAL reported an operating loss of $93.9M against $73K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
ANTERIS TECHNOLOGIES GLOBAL generated $1.9M in revenue in fiscal year 2025. This represents a decrease of 29.2% from the prior year.
ANTERIS TECHNOLOGIES GLOBAL's EBITDA was -$92.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 20.0% from the prior year.
ANTERIS TECHNOLOGIES GLOBAL reported -$94.1M in net income in fiscal year 2025. This represents a decrease of 23.4% from the prior year.
ANTERIS TECHNOLOGIES GLOBAL earned -$2.55 per diluted share (EPS) in fiscal year 2025.
Cash & Balance Sheet
ANTERIS TECHNOLOGIES GLOBAL recorded an outflow of $79.8M in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 25.6% from the prior year.
ANTERIS TECHNOLOGIES GLOBAL held $6.7M in cash against $22K in long-term debt as of fiscal year 2025, with $21.4M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
ANTERIS TECHNOLOGIES GLOBAL's gross margin was 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 23.4 percentage points from the prior year.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not shown for fiscal year 2025: the reported ratio is below -100.0% of revenue, so it does not read as a share of revenue.
Not reported for fiscal year 2025.
Capital Allocation
ANTERIS TECHNOLOGIES GLOBAL invested $69.1M in research and development in fiscal year 2025. This represents an increase of 34.3% from the prior year.
ANTERIS TECHNOLOGIES GLOBAL invested $2.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 13.8% from the prior year.
Not reported for fiscal year 2025.
AVR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.0M+104.3% | $494K+59.4% | $310K-27.7% | $429K-30.6% | $618K+11.2% | $556K+3.7% | $536K-30.3% | $769K |
| Cost of Revenue | $233K+104.4% | $114K+25.3% | $91K-26.0% | $123K-16.9% | $148K-28.5% | $207K-1.0% | $209K-52.8% | $443K |
| Gross Profit | $776K+104.2% | $380K+73.5% | $219K-28.4% | $306K-34.9% | $470K+34.7% | $349K+6.7% | $327K+0.3% | $326K |
| R&D Expenses | $23.4M+33.9% | $17.5M-10.5% | $19.5M+16.1% | $16.8M+2.9% | $16.3M-0.7% | $16.5M+23.6% | $13.3M-4.5% | $13.9M |
| SG&A Expenses | $8.4M+21.3% | $6.9M-28.3% | $9.7M+67.9% | $5.8M+14.9% | $5.0M-11.6% | $5.7M-33.5% | $8.5M+22.3% | $7.0M |
| Operating Income | -$31.0M-29.1% | -$24.0M+17.1% | -$29.0M-30.1% | -$22.3M-6.6% | -$20.9M+4.1% | -$21.8M-1.2% | -$21.5M-4.5% | -$20.6M |
| Interest Expense | $131K+385.2% | $27K+170.0% | $10K-33.3% | $15K-31.8% | $22K-15.4% | $26K+225.0% | $8K-27.3% | $11K |
| Income Tax | $0-100.0% | $492K | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$29.1M-26.4% | -$23.0M+21.2% | -$29.2M-31.3% | -$22.2M-6.8% | -$20.8M+4.7% | -$21.9M-12.8% | -$19.4M+11.4% | -$21.9M |
| EPS (Diluted) | -$0.30-7.1% | -$0.28 | -$0.75 | -$0.62-6.9% | -$0.58+4.9% | -$0.61+14.1% | -$0.71+33.6% | -$1.07 |
AVR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $272.5M-7.5% | $294.7M+1181.6% | $23.0M+20.6% | $19.1M-52.2% | $39.9M-32.2% | $58.8M-27.1% | $80.7M | N/A |
| Current Assets | $260.7M-9.1% | $286.7M+1728.7% | $15.7M+39.7% | $11.2M-65.2% | $32.2M-39.2% | $53.0M-29.0% | $74.7M | N/A |
| Cash & Equivalents | $249.9M-11.8% | $283.2M+4128.9% | $6.7M-26.6% | $9.1M-67.9% | $28.4M-41.9% | $49.0M-30.5% | $70.5M+563.6% | $10.6M |
| Inventory | $8K-93.4% | $122K-19.7% | $152K-65.1% | $436K-2.9% | $449K+23.4% | $364K-29.0% | $513K | N/A |
| Accounts Receivable | $548K+137.2% | $231K+621.9% | $32K-86.3% | $234K-65.9% | $687K+263.5% | $189K-9.1% | $208K | N/A |
| Total Liabilities | $20.8M+27.7% | $16.3M-29.8% | $23.3M+47.9% | $15.7M-0.8% | $15.8M+1.1% | $15.7M-13.0% | $18.0M | N/A |
| Current Liabilities | $18.4M+34.1% | $13.7M-35.9% | $21.4M+59.1% | $13.4M+0.7% | $13.3M-7.5% | $14.4M-12.9% | $16.6M | N/A |
| Long-Term Debt | $47K+161.1% | $18K-18.2% | $22K-15.4% | $26K-13.3% | $30K0.0% | $30K | $0 | N/A |
| Total Equity | $251.4M-9.7% | $278.4M+299503.2% | -$93K-102.5% | $3.7M-84.8% | $24.4M-43.6% | $43.3M-31.1% | $62.8M+2067.2% | $2.9M |
| Retained Earnings | -$422.6M-7.4% | -$393.6M-6.2% | -$370.5M-8.6% | -$341.3M-7.0% | -$319.1M-7.0% | -$298.3M-7.9% | -$276.4M | N/A |
Not reported in any period shown, so not listed: Goodwill.
AVR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$20.8M+27.5% | -$28.7M-54.8% | -$18.5M-1.5% | -$18.3M+6.6% | -$19.5M+9.1% | -$21.5M-17.8% | -$18.2M-29.3% | -$14.1M |
| Capital Expenditures | $648K+373.0% | $137K-65.5% | $397K-48.6% | $772K+43.8% | $537K+116.5% | $248K-31.7% | $363K-32.8% | $540K |
| Free Cash Flow | -$21.4M+25.6% | -$28.8M-52.3% | -$18.9M+0.5% | -$19.0M+5.2% | -$20.1M+7.7% | -$21.7M-16.9% | -$18.6M-27.1% | -$14.6M |
| Investing Cash Flow | -$648K-256.0% | -$182K+54.2% | -$397K+48.6% | -$772K-43.8% | -$537K-148.4% | $1.1M+404.9% | -$364K+34.2% | -$553K |
| Financing Cash Flow | -$877K-100.3% | $299.5M+1238.2% | $22.4M+7712.9% | -$294K+33.5% | -$442K+59.5% | -$1.1M-101.4% | $78.4M+324.1% | $18.5M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
AVR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 76.9%0.0pp | 76.9%+6.3pp | 70.7%-0.7pp | 71.3%-4.7pp | 76.0%+13.3pp | 62.8%+1.8pp | 61.0%+18.6pp | 42.4% |
| Operating Margin | -3072.1% | -4859.7% | -9343.6% | -5190.0% | -3379.3% | -3917.3% | -4014.7% | -2678.4% |
| Net Margin | -2883.4% | -4660.7% | -9420.0% | -5185.1% | -3371.2% | -3932.4% | -3614.9% | -2842.4% |
| Return on Equity | -11.6%-3.3pp | -8.3% | N/A | -601.5%-516.1pp | -85.4%-34.8pp | -50.5%-19.7pp | -30.9%+723.9pp | -754.8% |
| Return on Assets | -10.7%-2.9pp | -7.8%+119.2pp | -127.0%-10.4pp | -116.6%-64.4pp | -52.2%-15.0pp | -37.2%-13.2pp | -24.0% | N/A |
| Current Ratio | 14.20-6.7x | 20.93+20.2x | 0.73-0.1x | 0.84-1.6x | 2.41-1.3x | 3.67-0.8x | 4.51 | N/A |
| Debt-to-Equity | 0.000.0x | 0.00 | N/A | 0.010.0x | 0.000.0x | 0.000.0x | 0.00 | N/A |
| FCF Margin | -2125.4% | -5833.4% | -6104.5% | -4434.5% | -3247.9% | -3909.5% | -3470.3% | -1903.8% |
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Operating Margin, Net Margin, FCF Margin.
Note: Shareholder equity is negative (-$93K), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.73), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Where ANTERIS TECHNOLOGIES GLOBAL Ranks
Frequently Asked Questions
What is ANTERIS TECHNOLOGIES GLOBAL's annual revenue?
ANTERIS TECHNOLOGIES GLOBAL (AVR) reported $1.9M in total revenue for fiscal year 2025. This represents a -29.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is ANTERIS TECHNOLOGIES GLOBAL's revenue growing?
ANTERIS TECHNOLOGIES GLOBAL (AVR) revenue declined by 29.2% year-over-year, from $2.7M to $1.9M in fiscal year 2025.
Is ANTERIS TECHNOLOGIES GLOBAL profitable?
No, ANTERIS TECHNOLOGIES GLOBAL (AVR) reported a net income of -$94.1M in fiscal year 2025.
What is ANTERIS TECHNOLOGIES GLOBAL's EBITDA?
ANTERIS TECHNOLOGIES GLOBAL (AVR) had EBITDA of -$92.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does ANTERIS TECHNOLOGIES GLOBAL have?
As of fiscal year 2025, ANTERIS TECHNOLOGIES GLOBAL (AVR) had $6.7M in cash and equivalents against $22K in long-term debt.
What is ANTERIS TECHNOLOGIES GLOBAL's gross margin?
ANTERIS TECHNOLOGIES GLOBAL (AVR) had a gross margin of 70.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is ANTERIS TECHNOLOGIES GLOBAL's free cash flow?
ANTERIS TECHNOLOGIES GLOBAL (AVR) recorded an outflow of $79.8M in free cash flow during fiscal year 2025. This represents a -25.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is ANTERIS TECHNOLOGIES GLOBAL's operating cash flow?
ANTERIS TECHNOLOGIES GLOBAL (AVR) recorded an outflow of $77.8M in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are ANTERIS TECHNOLOGIES GLOBAL's total assets?
ANTERIS TECHNOLOGIES GLOBAL (AVR) had $23.0M in total assets as of fiscal year 2025, including both current and long-term assets.
What are ANTERIS TECHNOLOGIES GLOBAL's capital expenditures?
ANTERIS TECHNOLOGIES GLOBAL (AVR) invested $2.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does ANTERIS TECHNOLOGIES GLOBAL spend on research and development?
ANTERIS TECHNOLOGIES GLOBAL (AVR) invested $69.1M in research and development during fiscal year 2025.
What is ANTERIS TECHNOLOGIES GLOBAL's current ratio?
ANTERIS TECHNOLOGIES GLOBAL (AVR) had a current ratio of 0.73 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is ANTERIS TECHNOLOGIES GLOBAL's return on assets (ROA)?
ANTERIS TECHNOLOGIES GLOBAL (AVR) had a return on assets of -409.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
How does ANTERIS TECHNOLOGIES GLOBAL's liquidity compare with its operating cash outflow?
At the end of fiscal year 2025, ANTERIS TECHNOLOGIES GLOBAL (AVR) held $6.7M in cash, cash equivalents and investments, and reported an operating cash outflow of $77.8M over that year. Dividing the one by the other, the reported balance equals about 1 month of the outflow reported that year. This is arithmetic over figures already filed, not a projection: it assumes nothing about future spending, financing or operations.
Why is ANTERIS TECHNOLOGIES GLOBAL's debt-to-equity ratio negative or not reported?
ANTERIS TECHNOLOGIES GLOBAL (AVR) has negative shareholder equity of -$93K as of fiscal year 2025, so no debt-to-equity ratio is reported: dividing debt by equity that is not positive produces a number that cannot be read as leverage. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is ANTERIS TECHNOLOGIES GLOBAL's Altman Z-Score?
ANTERIS TECHNOLOGIES GLOBAL (AVR) has an Altman Z-Score of -14.26, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is ANTERIS TECHNOLOGIES GLOBAL's Piotroski F-Score?
ANTERIS TECHNOLOGIES GLOBAL (AVR) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are ANTERIS TECHNOLOGIES GLOBAL's earnings high quality?
ANTERIS TECHNOLOGIES GLOBAL (AVR) reported a net loss of $94.1M while operations used $77.8M of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can ANTERIS TECHNOLOGIES GLOBAL cover its interest payments?
ANTERIS TECHNOLOGIES GLOBAL (AVR) reported an operating loss of $93.9M against $73K in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is ANTERIS TECHNOLOGIES GLOBAL?
ANTERIS TECHNOLOGIES GLOBAL (AVR) scores 23 out of 100 on our Financial Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.