# AN2 Therapeutics, Inc.: overview

ANTX · Nasdaq · CIK 1880438 · [Healthcare](/sectors/healthcare.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/antx.md) · [Financials](/companies/antx/financials.md) · [Filings](/companies/antx/filings.md) · [Insiders](/companies/antx/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(0.43)](/filings/0001193125-25-277673.md) | not reported | [(0.35)](/filings/0001193125-26-216755.md) | [(0.21)](/filings/0001193125-26-344569.md) | [(0.31)](/filings/0001193125-25-277673.md) | not reported | [(0.29)](/filings/0001193125-26-216755.md) | [(0.18)](/filings/0001193125-26-344569.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $ | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [(10.64)](/filings/0000950170-23-010627.md) | [(2.79)](/filings/0000950170-24-038681.md) | [(2.74)](/filings/0000950170-25-044366.md) | [(1.72)](/filings/0001193125-26-110693.md) | [(1.16)](/filings/0001193125-26-110693.md) |
| Free cash flow | $ | not reported | not reported | not reported | not reported | not reported |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/antx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [Vivo Capital, LLC](/funds/1674712.md) | 2026-06-30 | $15.3m | 3,153,640 |  | Unchanged |
| [Commodore Capital LP](/funds/1831942.md) | 2026-06-30 | $14.2m | 2,933,680 |  | Added +599,967 |
| [MILLENNIUM MANAGEMENT LLC](/funds/1273087.md) | 2026-06-30 | $11.2m | 2,318,692 |  | Added +96,190 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $8.1m | 1,665,494 |  | Added +1,346,726 |
| [Spruce Street Capital LP](/funds/2050194.md) | 2026-06-30 | $8.0m | 1,661,073 |  | Unchanged |
| [Almitas Capital LLC](/funds/1596468.md) | 2026-06-30 | $7.1m | 1,469,129 |  | Reduced −10,000 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $6.0m | 1,238,705 |  | Added +227,627 |
| [ADAGE CAPITAL PARTNERS GP, L.L.C.](/funds/1165408.md) | 2026-06-30 | $4.8m | 1,000,000 |  | Unchanged |
| [CITADEL ADVISORS LLC](/funds/1423053.md) | 2026-06-30 | $4.6m | 951,997 |  | Added +796,758 |
| [Boxer Capital Management, LLC](/funds/2018299.md) | 2026-06-30 | $3.6m | 749,035 |  | Unchanged |

## Recent filings

[All 382 filings](/companies/antx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-08-11 | 20:04 ET | [10-Q](/filings/0001193125-26-344569.md) | Quarterly report, period 2026-06-30 | 0001193125-26-344569 |
| 2026-08-11 | 20:01 ET | [8-K](/filings/0001193125-26-344549.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-344549 |
| 2026-06-09 | 22:23 ET | [8-K](/filings/0001193125-26-262264.md) | 5.07 Shareholder vote results | 0001193125-26-262264 |
| 2026-06-04 | 20:15 ET | [8-K](/filings/0001193125-26-257430.md) | 7.01 Regulation FD disclosure; 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-257430 |
| 2026-05-11 | 20:08 ET | [10-Q](/filings/0001193125-26-216755.md) | Quarterly report, period 2026-03-31 | 0001193125-26-216755 |
| 2026-05-11 | 20:06 ET | [8-K](/filings/0001193125-26-216752.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001193125-26-216752 |
| 2026-04-22 | 20:01 ET | [DEF 14A](/filings/0001193125-26-170314.md) | Proxy statement, period 2026-04-22 | 0001193125-26-170314 |
| 2026-04-09 | 21:03 ET | [8-K](/filings/0001193125-26-149822.md) | 8.01 Other events; 9.01 Financial statements and exhibits | 0001193125-26-149822 |
| 2026-03-20 | 20:37 ET | [8-K](/filings/0001193125-26-117765.md) | 5.02 Departure or appointment of officers or directors | 0001193125-26-117765 |
| 2026-03-17 | 20:03 ET | [10-K](/filings/0001193125-26-110693.md) | Annual report, period 2025-12-31 | 0001193125-26-110693 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-110693.md), filed Mar 17, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1880438
- Tickers: ANTX
- Exchange: Nasdaq
- SIC code: 2834 Pharmaceutical Preparations
- State of incorporation: DE
- Filer category: Non-accelerated filer<br>Smaller reporting company<br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:49 ET. No prices; not investment advice.
