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AN2 Therapeutics (ANTX)

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AN2 Therapeutics, Inc. is a clinical-stage biopharmaceutical company developing small-molecule medicines built around boron chemistry. The company uses the chemical properties of boron to design compounds that may interact with biological targets in differentiated ways, with an initial emphasis on diseases where current treatment options are limited or difficult to tolerate.

Its lead area of work is infectious disease. AN2’s most prominent candidate is epetraborole, also known as AN2-502998, which has been studied for non-tuberculous mycobacterial lung disease, a chronic infection that can be hard to treat and often requires lengthy multi-drug regimens. The company also lists programs connected to Chagas disease and melioidosis, two serious infections with significant unmet medical need, particularly in regions where access to advanced therapies can be constrained.

Beyond its named infectious disease programs, AN2 is applying its platform to earlier-stage research in both infectious diseases and oncology. As a biotechnology company without a diversified commercial product portfolio, its value is closely tied to clinical trial progress, regulatory interactions, capital availability, and the strength of its intellectual property. Investors typically follow updates on safety, efficacy, trial design, and partnership potential, as these factors can shape the probability of eventual approval and commercialization.

AN2 represents a specialized drug development story rather than a broad pharmaceutical business. Its focus on boron-based chemistry and difficult-to-treat diseases gives it a distinct scientific profile within the small-cap biotech market.

3.00 USD
+0.13 (+3.19%)

Last updated

Market Cap
146.59M
P/E
P/FCF
P/S
Enterprise Value
93.1M
Sector
Health Care
Industry
Pharmaceutical Preparations
Address
1300 EL CAMINO REAL, SUITE 100, MENLO PARK, CA, 94025
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GlobeNewswire Inc.

AN2 Therapeutics Provides Update on Epetraborole Ex-U.S. Development Plan in Treatment-Refractory MAC Lung Disease

Oct 06, 2022, 07:00 AM
GlobeNewswire Inc.

NIH Awards Contract to AN2 Therapeutics Valued Up to $17.8 Million

Sep 29, 2022, 07:00 AM
GlobeNewswire Inc.

AN2 Therapeutics Reports Second Quarter 2022 Financial Results and Provides Business Updates

Aug 11, 2022, 16:10 PM
GlobeNewswire Inc.

AN2 Therapeutics Reports First Quarter 2022 Financial Results and Provides Business Updates

May 10, 2022, 16:10 PM
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Market Cap
146.59M
Enterprise Value
93.1M
P/E
P/B
1.79
P/S
EV / EBITDA
-2.51
EV / Sales
EPS
-0.96
Dividend Yield
0%
P/FCF
P/CF
Free Cash Flow
ROE
-42.26%
ROA
-39.49%
Debt / Equity
0
Current Ratio
15.73
Quick Ratio
15.73
Cash
9.62
Avg Volume
238.84K
Fundamentals Snapshot Price
4.07

Income Statement

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Revenue
Gross profit
Operating income -10.55M -9.32M -10.04M -7.22M -11.54M
EBITDA -10.55M -9.32M -10.04M -7.22M -11.54M
Net income -10.03M -8.71M -9.35M -6.46M -10.65M
Basic EPS -0.29 -0.28 -0.31 -0.21 -0.35
Diluted EPS -0.29 -0.28 -0.31 -0.21 -0.35

Balance Sheet

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Total assets 87.49M 61.95M 67.24M 75.83M 81.34M
Total liabilities 5.73M 8.89M 6.86M 6.98M 8.01M
Total equity 81.76M 53.06M 60.38M 68.84M 73.33M
Cash & equivalents 53.49M 19.94M 18M 18.22M 19.99M
Current assets 87.49M 59.94M 64.02M 67.52M 69.56M
Current liabilities 5.56M 8.72M 6.86M 6.98M 8.01M

Cash Flow

Line Item 2026 Q1 2025 Q4 2025 Q3 2025 Q2 2025 Q1
Operating cash flow -12.07M -5.24M -6.38M -7.6M -10.62M
Investing cash flow 8.29M 7.17M 6.11M 5.83M 9.19M
Financing cash flow 37.33M 0 48K 0 65K
Change in cash 33.55M 1.94M -217K -1.77M -1.37M
Kind Filing Date Link
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edgar index 4 — AN2 Therapeutics, Inc. View Filing
edgar index 4 — AN2 Therapeutics, Inc. View Filing
edgar index 4 — AN2 Therapeutics, Inc. View Filing
edgar index 8-K — AN2 Therapeutics, Inc. View Filing
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