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Side-by-side financial comparison of Anika Therapeutics, Inc. (ANIK) and ASP Isotopes Inc. (ASPI). Click either name above to swap in a different company.

Anika Therapeutics, Inc. is the larger business by last-quarter revenue ($29.6M vs $16.7M, roughly 1.8× ASP Isotopes Inc.). On growth, ASP Isotopes Inc. posted the faster year-over-year revenue change (1295.7% vs 13.2%).

ASP Isotopes Inc. is a specialty materials firm focused on developing and producing high-purity custom isotopes. Its products serve key sectors including nuclear medicine, targeted cancer therapies, advanced energy, and industrial research, with customers across North America, Europe and Asia Pacific.

ANIK vs ASPI — Head-to-Head

Bigger by revenue
ANIK
ANIK
1.8× larger
ANIK
$29.6M
$16.7M
ASPI
Growing faster (revenue YoY)
ASPI
ASPI
+1282.5% gap
ASPI
1295.7%
13.2%
ANIK

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ANIK
ANIK
ASPI
ASPI
Revenue
$29.6M
$16.7M
Net Profit
Gross Margin
64.2%
12.5%
Operating Margin
17.3%
Net Margin
Revenue YoY
13.2%
1295.7%
Net Profit YoY
-586.8%
EPS (diluted)
$0.27

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ANIK
ANIK
ASPI
ASPI
Q1 26
$29.6M
Q4 25
$30.6M
$16.7M
Q3 25
$27.8M
$4.9M
Q2 25
$28.2M
Q1 25
$26.2M
Q4 24
$30.6M
Q3 24
$29.6M
Q2 24
$30.7M
Net Profit
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
$292.0K
Q3 25
$-2.3M
$-12.9M
Q2 25
$-4.0M
Q1 25
$-4.9M
Q4 24
$-21.9M
Q3 24
$-29.9M
Q2 24
$-88.0K
Gross Margin
ANIK
ANIK
ASPI
ASPI
Q1 26
64.2%
Q4 25
62.6%
12.5%
Q3 25
56.0%
8.7%
Q2 25
50.9%
Q1 25
56.1%
Q4 24
56.0%
Q3 24
65.7%
Q2 24
66.7%
Operating Margin
ANIK
ANIK
ASPI
ASPI
Q1 26
17.3%
Q4 25
2.1%
Q3 25
-11.6%
-306.1%
Q2 25
-14.8%
Q1 25
-16.4%
Q4 24
-2.3%
Q3 24
-0.3%
Q2 24
-5.9%
Net Margin
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
1.0%
Q3 25
-8.4%
-263.7%
Q2 25
-14.1%
Q1 25
-18.6%
Q4 24
-71.4%
Q3 24
-101.2%
Q2 24
-0.3%
EPS (diluted)
ANIK
ANIK
ASPI
ASPI
Q1 26
$0.27
Q4 25
$0.02
Q3 25
$-0.16
$-0.15
Q2 25
$-0.28
Q1 25
$-0.34
Q4 24
$-1.49
Q3 24
$-2.03
Q2 24
$0.00

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ANIK
ANIK
ASPI
ASPI
Cash + ST InvestmentsLiquidity on hand
$41.0M
$333.3M
Total DebtLower is stronger
$14.4M
Stockholders' EquityBook value
$133.9M
$204.2M
Total Assets
$179.4M
$498.0M
Debt / EquityLower = less leverage
0.07×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIK
ANIK
ASPI
ASPI
Q1 26
$41.0M
Q4 25
$81.2M
$333.3M
Q3 25
$80.2M
$113.9M
Q2 25
$77.1M
Q1 25
$75.4M
Q4 24
$79.2M
Q3 24
$90.7M
Q2 24
$96.6M
Total Debt
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
$14.4M
Q3 25
$13.9M
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
ANIK
ANIK
ASPI
ASPI
Q1 26
$133.9M
Q4 25
$143.5M
$204.2M
Q3 25
$146.8M
$74.1M
Q2 25
$147.7M
Q1 25
$148.4M
Q4 24
$154.0M
Q3 24
$179.9M
Q2 24
$210.3M
Total Assets
ANIK
ANIK
ASPI
ASPI
Q1 26
$179.4M
Q4 25
$190.3M
$498.0M
Q3 25
$189.4M
$225.9M
Q2 25
$187.7M
Q1 25
$190.6M
Q4 24
$202.7M
Q3 24
$231.4M
Q2 24
$262.7M
Debt / Equity
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
0.07×
Q3 25
0.19×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ANIK
ANIK
ASPI
ASPI
Operating Cash FlowLast quarter
$-37.8M
Free Cash FlowOCF − Capex
$-47.4M
FCF MarginFCF / Revenue
-284.7%
Capex IntensityCapex / Revenue
57.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
$4.6M
$-37.8M
Q3 25
$6.9M
$-8.9M
Q2 25
$-189.0K
Q1 25
$-130.0K
Q4 24
$1.6M
Q3 24
$5.0M
Q2 24
$-1.1M
Free Cash Flow
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
$4.0M
$-47.4M
Q3 25
$5.0M
$-12.0M
Q2 25
$-1.7M
Q1 25
$-3.0M
Q4 24
$275.0K
Q3 24
$3.8M
Q2 24
$-4.5M
FCF Margin
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
13.0%
-284.7%
Q3 25
17.9%
-245.5%
Q2 25
-5.9%
Q1 25
-11.3%
Q4 24
0.9%
Q3 24
12.9%
Q2 24
-14.6%
Capex Intensity
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
2.1%
57.9%
Q3 25
6.8%
64.4%
Q2 25
5.2%
Q1 25
10.8%
Q4 24
4.3%
Q3 24
4.1%
Q2 24
11.1%
Cash Conversion
ANIK
ANIK
ASPI
ASPI
Q1 26
Q4 25
15.88×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ANIK
ANIK

OEM Channel$17.0M57%
Commercial Channel$12.6M43%

ASPI
ASPI

Segment breakdown not available.

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