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AN2 Therapeutics Inc

Company price
4.18 USD -0.17 ( 3.91%)
Last update at 2026-11-03T21:01:00Z
VOLUME
160377
Market Cap
136.61M

Momentum Score

…

AN2 Therapeutics, Inc., a biopharmaceutical company, focuses on discovering and developing novel small molecule therapeutics. The company's initial candidate includes epetraborole, which is phase 3 clinical trial as a once-daily oral treatment for patients with non-tuberculous mycobacterial lung disease, as well as studying for the treatment of acute melioidosis. It also develops AN2-502998 (AN15368), an investigational, boron-based small molecule in development for the treatment of chronic Chagas disease that is in preclinical trials; and has various research programs targeting the development of novel compounds in oncology and infectious disease based on its boron chemistry platform. It has a license agreement with Anacor Pharmaceuticals, Inc. to use, develop, manufacture, commercialize compounds and products, including epetraborole for the treatment, diagnosis, or prevention of various human diseases; and Brii Biosciences Limited to research, develop, manufacture, and commercialize compounds and products comprising epetraborole in China, Hong Kong, Taiwan, and Macau for the diagnosis, treatment, and prevention of human diseases; and GSK plc for the development of new therapies for TB. AN2 Therapeutics, Inc. was incorporated in 2017 and is headquartered in Menlo Park, California.

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Day Price Range
4.10
Low
4.55
High
52 Week Price Range
1.00
Low
6.91
High

Momentum Score

…
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

AN2 Therapeutics Inc is a Nasdaq-listed, development-stage biopharmaceutical company; public disclosures are limited on its pipeline and technology. Its long-term growth drivers would likely be successful clinical development, regulatory approvals and strategic partnerships that could support commercialization and revenue scaling. Investors may find the company attractive for potential upside from clinical milestones if program progress and funding hold.

Key investment risks include clinical and regulatory failure, high cash burn and financing needs that could dilute shareholders, limited liquidity typical of small-cap biotech and competitive pressures in the therapeutic areas it targets.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
4.35
Dividend Yield
-
Revenue TTM
0.00M
Revenue Per Share
-
Gross Profit TTM
0.00M
Debt / Equity
0.00
ROE
-52.15%
Net Debt
-19.94M
ROCE
-71.59%
Diluted EPS TTM
-1.22

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax -35.17M -51.32M -64.73M -40.96M -21.54M
Net income -35.17M -51.32M -64.73M -41.47M -21.47M
Selling general administrative 13.34M 14.07M 14.76M 12.75M 4.67M
Selling and marketing expenses - - 14.75M - -
Ebit - -51.32M -64.73M -42.26M -21.57M
Ebitda -38.11M 3.23M 4.90M -42.26M -21.57M
Depreciation and amortization - 54.55M 69.64M -1.21M 0.10M
Operating income -38.11M -54.55M -69.64M -42.26M -21.57M
Other operating expenses 38.11M 54.55M 69.64M 42.26M 21.57M
Interest expense - - - 0.51M 0.07M
Interest income 2.93M 5.47M 4.86M 1.35M 0.07M
Net interest income 2.93M 5.47M 4.86M 1.35M 0.07M
Income tax expense - - -0.07M 0.51M -0.07M
Total revenue 0.00M 0.00M 0.00M 0.00M 0.00M
Total operating expenses 38.11M 54.55M 69.64M 42.26M 21.57M
Total other income expense net 2.94M 3.23M 4.90M 1.31M 0.03M
Net income from continuing ops -35.17M -51.32M -59.68M -40.96M -21.54M
Net income applicable to common shares - - - -42.78M -28.06M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 61.95M 92.09M 138.74M 102.56M 65.32M
Other current assets 1.04M 2.34M 1.81M 2.56M 1.55M
Total liab 8.89M 10.24M 14.04M 7.19M 112.73M
Total stockholder equity 53.06M 81.85M 124.70M 95.37M -47.41M
Deferred long term liab - - - - 1.72M
Other current liab 5.70M 6.92M 11.37M 5.01M 2.33M
Capital stock 0.00M 0.00M 0.00M 0.00M 0.00M
Retained earnings -240.95M -205.78M -154.46M -89.72M -47.38M
Other liab - - - - 0.01M
Other assets - - 0.00M 0.72M 1.72M
Cash 19.94M 21.35M 15.65M 27.22M 12.10M
Total current liabilities 8.72M 10.24M 14.04M 7.19M 3.40M
Net debt -19.94M -21.35M -15.65M -27.17M -12.10M
Short term debt - - - 0.05M -
Short long term debt total - - - 0.05M -
Other stockholder equity 293.95M 287.59M 278.88M 82.91M -0.03M
Total current assets 59.94M 86.26M 110.51M 98.62M 60.11M
Long term investments 2.01M 5.02M 27.19M 3.22M 3.49M
Net tangible assets - - - 95.37M -47.41M
Short term investments 38.06M 62.27M 91.65M 68.84M 46.46M
Net receivables 0.90M 0.30M 1.40M - -
Accounts payable 3.02M 3.32M 2.68M 2.12M 1.06M
Accumulated other comprehensive income 0.06M 0.03M 0.28M -0.37M -0.03M
Non currrent assets other - 0.80M 1.04M 0.67M 1.72M
Non current assets total 2.01M 5.83M 28.24M 3.94M 5.21M
Capital lease obligations - - 0.00M 0.05M -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 28.31M 54.59M -37.64M -21.77M -50.02M
Change to liabilities - - - 0.00M 0.42M
Total cashflows from investing activities 28.31M 54.59M -43.28M -21.77M -50.02M
Total cash from financing activities 0.11M 0.37M 84.99M 70.36M 78.53M
Change to operating activities - - - 1.22M -0.39M
Net income -35.17M -51.32M -64.73M -40.96M -21.54M
Change in cash -1.41M 5.70M -11.57M 15.12M 8.03M
Begin period cash flow 21.35M 15.65M 27.22M 12.10M 4.07M
End period cash flow 19.94M 21.35M 15.65M 27.22M 12.10M
Total cash from operating activities -29.83M -49.26M -53.29M -33.46M -20.48M
Issuance of capital stock - 0.00M 84.85M 70.37M 79.73M
Depreciation - - - -0.69M -
Dividends paid - - - 1.82M -
Other cashflows from financing activities 0.11M 0.37M 0.47M 1.81M 78.53M
Change to netincome - - - 3.78M 1.03M
Capital expenditures 0.00M 0.00M 0.00M 0.00M 0.00M
Change in working capital 0.16M -3.00M 5.83M 3.72M 0.03M
Stock based compensation 6.25M 8.34M 8.41M 4.39M 0.97M
Other non cash items -1.07M -3.28M -2.80M 0.08M 0.05M
Free cash flow -29.83M -49.26M -53.29M -33.46M -20.48M

Peer Comparison*

Sector: Healthcare Industry: Biotechnology

Stock Name
Change
(USD)
Price
(USD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to EBITDA (x)
ANTX
AN2 Therapeutics Inc
-0.17
3.91%
4.18 - - - 2.45 -2.11
NVO
Novo Nordisk A/S
-0.24
0.61%
40.20 41.58 31.15 2.13 32.99 4.70
VRTX
Vertex Pharmaceuticals Inc
-21.28
3.85%
531.87 30.22 24.27 10.36 6.50 24.66
REGN
Regeneron Pharmaceuticals Inc
12.10
1.26%
973.36 29.07 20.12 7.57 3.82 19.42
ARGNF
argenx SE
-
-%
900.30 45.77 31.25 13.84 7.12 36.06

Profile*

AN2 Therapeutics Inc

AN2 Therapeutics, Inc., a biopharmaceutical company, focuses on discovering and developing novel small molecule therapeutics. The company's initial candidate includes epetraborole, which is phase 3 clinical trial as a once-daily oral treatment for patients with non-tuberculous mycobacterial lung disease, as well as studying for the treatment of acute melioidosis. It also develops AN2-502998 (AN15368), an investigational, boron-based small molecule in development for the treatment of chronic Chagas disease that is in preclinical trials; and has various research programs targeting the development of novel compounds in oncology and infectious disease based on its boron chemistry platform. It has a license agreement with Anacor Pharmaceuticals, Inc. to use, develop, manufacture, commercialize compounds and products, including epetraborole for the treatment, diagnosis, or prevention of various human diseases; and Brii Biosciences Limited to research, develop, manufacture, and commercialize compounds and products comprising epetraborole in China, Hong Kong, Taiwan, and Macau for the diagnosis, treatment, and prevention of human diseases; and GSK plc for the development of new therapies for TB. AN2 Therapeutics, Inc. was incorporated in 2017 and is headquartered in Menlo Park, California.

1300 El Camino Real, Menlo Park, CA, United States, 94025

650 331 9090

21

Name Title Year Born
Mr. Joseph S. Zakrzewski Co-founder & Independent Chairman 1962
Mr. Eric E. Easom Co-founder, CEO, Pres & Director 1968
Ms. Lucy O. Day CPA CFO, Sec. & Treasurer 1959
Dr. Paul Eckburg M.D. Chief Medical Officer 1971
Dr. George Harrison Talbot FACP, M.D. Co-Founder & Sr. Clinical Advisor 1948
Dr. Michael R. K. Alley Ph.D. Co-Founder & Head of Biology NA
Mr. Josh Eizen Chief Legal Officer & Sec. NA
Dr. Sanjay Chanda Ph.D. Chief Devel. Officer 1965
Mr. Kevin Krause B.S., M.B.A. Chief Strategy Officer 1975
Ms. Jennifer Huber Sr. VP of Regulatory Affairs & Quality NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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