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

First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $29.6M, roughly 1.6× Anika Therapeutics, Inc.). On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 13.2%). Over the past eight quarters, Anika Therapeutics, Inc.'s revenue compounded faster (-1.8% CAGR vs -2.7%).

ANIK vs FFWM — Head-to-Head

Bigger by revenue
FFWM
FFWM
1.6× larger
FFWM
$48.4M
$29.6M
ANIK
Growing faster (revenue YoY)
FFWM
FFWM
+408.5% gap
FFWM
421.7%
13.2%
ANIK
Faster 2-yr revenue CAGR
ANIK
ANIK
Annualised
ANIK
-1.8%
-2.7%
FFWM

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ANIK
ANIK
FFWM
FFWM
Revenue
$29.6M
$48.4M
Net Profit
$-8.0M
Gross Margin
64.2%
Operating Margin
17.3%
-97.5%
Net Margin
-97.9%
Revenue YoY
13.2%
421.7%
Net Profit YoY
43.0%
EPS (diluted)
$0.27
$-0.09

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
FFWM
FFWM
Q1 26
$29.6M
Q4 25
$30.6M
$48.4M
Q3 25
$27.8M
$63.6M
Q2 25
$28.2M
$51.4M
Q1 25
$26.2M
$71.4M
Q4 24
$30.6M
$9.3M
Q3 24
$29.6M
$9.2M
Q2 24
$30.7M
$57.5M
Net Profit
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
$292.0K
$-8.0M
Q3 25
$-2.3M
$-146.3M
Q2 25
$-4.0M
$-7.7M
Q1 25
$-4.9M
$6.9M
Q4 24
$-21.9M
$-14.1M
Q3 24
$-29.9M
$-82.2M
Q2 24
$-88.0K
$3.1M
Gross Margin
ANIK
ANIK
FFWM
FFWM
Q1 26
64.2%
Q4 25
62.6%
Q3 25
56.0%
Q2 25
50.9%
Q1 25
56.1%
Q4 24
56.0%
Q3 24
65.7%
Q2 24
66.7%
Operating Margin
ANIK
ANIK
FFWM
FFWM
Q1 26
17.3%
Q4 25
2.1%
-97.5%
Q3 25
-11.6%
-92.7%
Q2 25
-14.8%
-21.1%
Q1 25
-16.4%
8.8%
Q4 24
-2.3%
-247.7%
Q3 24
-0.3%
-1276.7%
Q2 24
-5.9%
4.6%
Net Margin
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
1.0%
-97.9%
Q3 25
-8.4%
-230.1%
Q2 25
-14.1%
-15.0%
Q1 25
-18.6%
9.7%
Q4 24
-71.4%
-152.2%
Q3 24
-101.2%
-896.9%
Q2 24
-0.3%
5.4%
EPS (diluted)
ANIK
ANIK
FFWM
FFWM
Q1 26
$0.27
Q4 25
$0.02
$-0.09
Q3 25
$-0.16
$-1.78
Q2 25
$-0.28
$-0.09
Q1 25
$-0.34
$0.08
Q4 24
$-1.49
$-0.24
Q3 24
$-2.03
$-1.23
Q2 24
$0.00
$0.05

Balance Sheet & Financial Strength

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

Metric
ANIK
ANIK
FFWM
FFWM
Cash + ST InvestmentsLiquidity on hand
$41.0M
$1.6B
Total DebtLower is stronger
Stockholders' EquityBook value
$133.9M
$912.6M
Total Assets
$179.4M
$11.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ANIK
ANIK
FFWM
FFWM
Q1 26
$41.0M
Q4 25
$81.2M
$1.6B
Q3 25
$80.2M
$1.7B
Q2 25
$77.1M
$1.1B
Q1 25
$75.4M
$1.0B
Q4 24
$79.2M
$1.0B
Q3 24
$90.7M
$1.1B
Q2 24
$96.6M
$1.4B
Stockholders' Equity
ANIK
ANIK
FFWM
FFWM
Q1 26
$133.9M
Q4 25
$143.5M
$912.6M
Q3 25
$146.8M
$917.9M
Q2 25
$147.7M
$1.1B
Q1 25
$148.4M
$1.1B
Q4 24
$154.0M
$1.1B
Q3 24
$179.9M
$1.1B
Q2 24
$210.3M
$933.2M
Total Assets
ANIK
ANIK
FFWM
FFWM
Q1 26
$179.4M
Q4 25
$190.3M
$11.9B
Q3 25
$189.4M
$11.9B
Q2 25
$187.7M
$11.6B
Q1 25
$190.6M
$12.6B
Q4 24
$202.7M
$12.6B
Q3 24
$231.4M
$13.4B
Q2 24
$262.7M
$13.7B

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
FFWM
FFWM
Operating Cash FlowLast quarter
$-31.9M
Free Cash FlowOCF − Capex
$-35.2M
FCF MarginFCF / Revenue
-72.8%
Capex IntensityCapex / Revenue
6.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-45.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
$4.6M
$-31.9M
Q3 25
$6.9M
$9.2M
Q2 25
$-189.0K
$-16.3M
Q1 25
$-130.0K
$-552.0K
Q4 24
$1.6M
$-8.7M
Q3 24
$5.0M
$14.2M
Q2 24
$-1.1M
$-9.1M
Free Cash Flow
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
$4.0M
$-35.2M
Q3 25
$5.0M
$8.6M
Q2 25
$-1.7M
$-16.7M
Q1 25
$-3.0M
$-2.5M
Q4 24
$275.0K
$-11.4M
Q3 24
$3.8M
$13.4M
Q2 24
$-4.5M
$-9.4M
FCF Margin
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
13.0%
-72.8%
Q3 25
17.9%
13.5%
Q2 25
-5.9%
-32.4%
Q1 25
-11.3%
-3.5%
Q4 24
0.9%
-123.5%
Q3 24
12.9%
146.2%
Q2 24
-14.6%
-16.3%
Capex Intensity
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
2.1%
6.9%
Q3 25
6.8%
1.0%
Q2 25
5.2%
0.8%
Q1 25
10.8%
2.8%
Q4 24
4.3%
29.4%
Q3 24
4.1%
9.0%
Q2 24
11.1%
0.4%
Cash Conversion
ANIK
ANIK
FFWM
FFWM
Q1 26
Q4 25
15.88×
Q3 25
Q2 25
Q1 25
-0.08×
Q4 24
Q3 24
Q2 24
-2.96×

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%

FFWM
FFWM

Segment breakdown not available.

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