AVR
Anteris Technologies Global Corp.Healthcare·Medical - Devices
$8.62
$317M market cap
Revenue
$0.8M
Free Cash Flow
$-47.6M
Rev Growth
+0.0%
FCF Margin
-5919.4%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Anteris Technologies Global Corp., a structural heart company, discovers, develops, and commercializes medical devices to enhance the quality of life for patients with aortic stenosis. Its lead product candidate is the DurAVR transcatheter heart valve system, a novel transcatheter aortic valve for the treatment of aortic stenosis that is shaped to mimic the performance of a healthy human aortic valve. The company also devlops ADAPT anti-calcification tissue, an anti-calcification preparation tha
2-Year Price History
$9.62+71.8%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.5 | -23.6 | -24.0 | -23.0 | -28.7 | -28.8 | -0.1 | 283.2 | 3.7 | 23.6 | -34.0% | -873.3x | -- |
| Act | 2025-Q4 | 0.3 | -28.5 | -29.0 | -29.2 | -18.5 | -18.8 | -0.3 | 12.6 | 2.3 | 23.6 | <-999% | -2854.2x | -- |
Valuation & Metrics
Market Stats
Price$8.62
Market Cap$317M
Enterprise Value$38M
P/S Ratio394.4x
P/FCF--
EV/FCF--
FCF Margin (TTM)-5919.4%
FCF Yield-15.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.8M
Net Income$-52.2M
Free Cash Flow$-47.6M
Revenue Growth (YoY)+0.0%
EBITDA Margin-6482.6%
Net Margin-6495.8%
FCF Margin-5919.4%
CapEx % of Revenue47.9%
SBC % of Revenue359.7%
ROIC-2555.6%
WC Change % Rev-929.5%
Interest Coverage-1408.7x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares3.7M
Days to Cover5.2
Change (vs Prior)-9.5%
Need at least 2 settlement dates for chart
Employees
Headcount136
Revenue / Employee$5,912
Gross Profit / Employee$-1,860
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
88.7%(+65.7% YoY)
115 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
17.2%(+16.3% YoY)
8 filers
Vanguard, iShares, SPDR
Market makers
0.4%(+0.3% YoY)
5 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| L1 Capital Pty Ltd | $43.2M | $4.80 | +$27.6M | +$5.0M | +2.5% | $2.55B |
| Nantahala Capital Management, LLC | $30.7M | $5.44 | +$16.7M | +$21.5M | -2.4% | $1.60B |
| Sio Capital Management, LLC | $29.9M | $5.55 | +$19.5M | +$16.7M | -1.1% | $694M |
| BlackRock, Inc.Passive | $27.1M | $4.97 | +$15.9M | +$24.9M | -0.2% | $5.69T |
| ADAR1 Capital Management, LLC | $21.0M | $5.22 | +$14.2M | +$11.7M | +8.4% | $1.64B |
| PERCEPTIVE ADVISORS LLC | $19.0M | $5.57 | +$9.7M | +$7.1M | -1.4% | $5.05B |
| RA CAPITAL MANAGEMENT, L.P. | $16.7M | $5.55 | +$16.7M | +$16.7M | -4.4% | $9.44B |
| BVF INC/IL | $16.7M | $5.55 | +$16.7M | +$16.7M | -0.4% | $3.14B |
| FMR LLC | $16.1M | $5.54 | +$15.9M | +$16.1M | -0.0% | $1.89T |
| Ensign Peak Advisors, Inc | $11.6M | $5.20 | +$3.8M | +$3.6M | -0.4% | $53.58B |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $10.2M | $4.93 | +$5.8M | +$9.3M | +2.3% | $1.61T |
| Rhenman & Partners Asset Management AB | $8.0M | $3.90 | +$1.1M | +$825K | -1.1% | $784M |
| UBS Group AG | $7.8M | $5.07 | +$4.9M | +$7.1M | -0.3% | $562.11B |
| STATE STREET CORPPassive | $6.8M | $5.14 | +$4.8M | +$6.3M | -0.2% | $2.89T |
| Vestal Point Capital, LP | $6.4M | $5.55 | +$6.4M | +$6.4M | -0.1% | $3.58B |
| Affinity Asset Advisors, LLC | $5.1M | $5.25 | +$2.4M | +$2.9M | +0.5% | $1.60B |
| Oasis Management Co Ltd. | $4.8M | $5.56 | +$4.4M | +$4.0M | -3.1% | $729M |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $4.8M | $5.55 | +$4.8M | +$4.8M | — | $4.04T |
| SUVRETTA CAPITAL MANAGEMENT, LLC | $4.7M | $5.55 | +$4.7M | +$4.7M | -9.1% | $3.69B |
| Alyeska Investment Group, L.P. | $4.2M | $5.57 | +$1.1M | +$1.1M | -0.5% | $35.33B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-0.22%
avg per quarter
Holders (ex-self)
-0.20%
excl. this stock
Buyers (this Q)
-0.39%
115 buyers · $0.26B in
Sellers (this Q)
-0.96%
9 sellers · $0.01B out
alpha coverage: 96% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+5.1%
how holders react when this stock falls
On quiet Qs
-28.5%
−10% to +10% baseline
On rallies (+10%+)
+13.5%
how they react when this stock rises
Holders' portfolio flow this Q
+6.9%
inflows — adds are organic
Sellers' portfolio flow this Q
+26.8%
Sellers grew AUM elsewhere — opinionated cut of this stock.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
+0.2%
Holder mid (any stock)
-4.6%
Holder rally (any stock)
-9.0%
Biggest decreases this quarter
New buyers this quarter
RA CAPITAL MANAGEMENT, L.P.+$0.02Bα-4.4BVF INC/IL+$0.02Bα-0.4Vestal Point Capital, LP+$0.01Bα-0.1VANGUARD CAPITAL MANAGEMENT LLC+$0.00BSUVRETTA CAPITAL MANAGEMENT, LLC+$0.00Bα-9.1Velan Capital Investment Management LP+$0.00Bα-5.3AMERIPRISE FINANCIAL INC+$0.00Bα-0.1Militia Capital Management LLC+$0.00BCapricorn Fund Managers Ltd+$0.00Bα-0.8
Top-5 holders · 42.7%
L1 Capital Pty Ltd--
Nantahala Capital Management, LLC--
Sio Capital Management, LLC--
BlackRock, Inc.--
ADAR1 Capital Management, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
L1 Capital Pty Ltd7.8MNantahala Capital Management, LLC5.5MSio Capital Management, LLC5.4MADAR1 Capital Management, LLC3.8MPERCEPTIVE ADVISORS LLC3.4MBVF INC/IL3.0MRA CAPITAL MANAGEMENT, L.P.3.0MFMR LLC2.9MEnsign Peak Advisors, Inc2.1MRhenman & Partners Asset Management AB1.4MUBS Group AG1.4M
Related Stocks
Investors who own this also own
Stocks held by the same active managers as this one, ranked by score — how much more often these appear together than random chance (1× = baseline). Excludes index ETFs and market makers; minimum 3 shared holders.
| Ticker | Name | Co-holders | Score |
|---|---|---|---|
| ABVX | Abivax S.A. | 3 | 77.71× |
Analyst Coverage
Analyst Coverage
Price Targets
Last Quarter (1 analysts)$18.0010880.0%
Last Year (2 analysts)$16.509140.0%
Current Price$8.62
Analyst Ratings
2
Buy: 2Consensus: Buy
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$28.75M
2 txns · 1 insider · 6,333,334 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-01-22 | BUY | L1 Capital Pty Ltd | 10 percent owner | 5,000,000 | $5.75 | $28.75M | $76.01M |
| 2025-10-28 | BUY | L1 Capital Pty Ltd | 10 percent owner | 1,333,334 | $0.00 | $0 | $0 |
Order Flow (FINRA, ~3w lag)
26.5%retail+7.5pp
19.8%dark-4.3pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Anteris Technologies: Massive Post-Period Dilution Masks Year-End Technical Insolvency
Overall Risk
8/10
Fraud
3/10
Dilution
10/10
Insolvency
9/10
Earnings Overstated
4/10
Hidden Liabilities
5/10
Legal
4/10
Audit Warnings
7/10
Hidden Upside
6/10
Contextually Acceptable
8/10