AVR · Anteris Technologies Global Corp.

Anteris Technologies Global Corp., a structural heart company, develops and commercializes minimally invasive medical devices to treat heart valve diseases. It offers the DurAVR transcatheter heart valve system, a novel transcatheter aortic valve for the treatment of severe aortic stenosis that is shaped to mimic the performance of a healthy human aortic valve. The company also develops ADAPT anti-calcification tissue, an anti-calcification preparation which transforms xenograft tissue into durable bioscaffolds that are used to mimic human tissue for surgical repair in multiple settings, including aortic valve replacement; and ComASUR delivery system, a physician-developed balloon expandable delivery system that contains a reinforced steerable catheter for a precise deflection through the heart anatomy in a controlled manner to avoid damage to the aorta. Anteris Technologies Global Corp. is based in Toowong, Australia.

Cap structure and valuation

Cap structure
SP	$6.69
SO	97.5M
Options	—
Warrants	0.0M
FD SO	97.5M
MC	$652.0M

Cash	$249.9M
Total debt	$0.0M
EV	$402.1M

TTM Multiples
EV / Revenue	179.4x
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	71.9%
Insiders	16.5%
# Institutions	176
Analysts	4
Consensus	Strong Buy
Avg target	$14.00

Short % float	9.4%
Days to cover	9.93

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-08-10. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-10-09 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-09-15; the float denominator can be unreliable on tiny floats.

This filer tags no option count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)

Financial statements

	6/30/26	3/31/26	12/31/25	9/30/25
Total Revenue	1.01	0.49	0.31	0.43
Revenue YoY %	63.3%	(11.2%)	(42.2%)	(44.2%)
Cost of Revenue	0.23	0.11	0.09	0.12
Gross Profit	0.78	0.38	0.22	0.31
Gross Profit YoY %	65.1%	8.9%	(33.2%)	(6.1%)
Gross Margin %	76.9%	76.9%	70.6%	71.3%

SG&A	8.40	6.93	9.67	5.76
R&D	23.37	17.46	19.51	16.81
Operating Expense	31.77	24.39	29.18	22.57

Operating Income	(31.00)	(24.01)	(28.96)	(22.27)
Operating Income YoY %	(48.4%)	(10.2%)	(34.6%)	(8.1%)
Operating Margin %	(3072.1%)	(4859.7%)	(9343.5%)	(5190.0%)
EBITDA	(30.53)	(23.58)	(28.54)	(21.85)
EBITDA Margin %	(3025.6%)	(4772.9%)	(9207.1%)	(5092.8%)

Interest Expense	0.13	0.03	0.01	0.01
Other Income / (Expense)	2.35	1.63	—	—
Pretax Income	(28.78)	(22.41)	(29.02)	(22.21)
Tax Provision	0.00	0.49	0.00	0.00
Net Income	(28.78)	(22.90)	(29.02)	(22.21)
Net Income to Common	(29.09)	(23.02)	(29.20)	(22.24)
Net Margin %	(2852.0%)	(4635.2%)	(9362.3%)	(5176.9%)

Diluted EPS	-$0.30	-$0.28	-$0.75	-$0.62
Basic EPS	-$0.30	-$0.28	-$0.75	-$0.62
Diluted Avg Shares	97.3	83.0	—	36.1
Basic Avg Shares	97.3	83.0	—	36.1

	LTM	12/31/25	12/31/24
Total Revenue	2.24	1.91	2.70
Revenue YoY %	17.2%	(29.2%)	—
Cost of Revenue	0.56	0.57	1.44
Gross Profit	1.68	1.34	1.27
Gross Profit YoY %	25.1%	6.2%	—
Gross Margin %	75.0%	70.3%	46.8%

SG&A	30.77	26.12	28.19
R&D	77.15	69.12	51.45
Operating Expense	107.92	95.24	79.64

Operating Income	(106.23)	(93.89)	(78.37)
Operating Income YoY %	(13.1%)	(19.8%)	—
Operating Margin %	(4738.4%)	(4908.2%)	(2899.4%)
EBITDA	(104.50)	(92.23)	(76.86)
EBITDA Margin %	(4660.8%)	(4821.4%)	(2843.7%)

Interest Expense	0.18	0.07	0.05
Other Income / (Expense)	4.00	—	2.45
Pretax Income	(102.42)	(94.22)	(75.97)
Tax Provision	0.49	0.00	0.00
Net Income	(102.91)	(94.22)	(75.97)
Net Income to Common	(103.56)	(94.14)	(76.29)
Net Margin %	(4590.0%)	(4925.5%)	(2810.5%)

Diluted EPS	-$1.95	-$2.55	-$3.68
Basic EPS	-$1.95	-$2.55	-$3.68
Diluted Avg Shares	97.3	36.9	20.3
Basic Avg Shares	97.3	36.9	20.3

	6/30/26	3/31/26	12/31/25	9/30/25
Cash & Equivalents	249.90	283.21	6.70	9.12
Receivables	0.55	0.23	0.03	0.23
Inventory	0.01	0.12	0.15	0.44
Other Current Assets	10.19	3.11	8.79	1.44
Total Current Assets	260.65	286.67	15.68	11.22

Net PPE	5.62	5.18	5.26	5.29
Operating Lease ROU	2.63	2.77	2.00	1.97
Intangible Assets	0.10	0.10	0.07	0.07
Other Assets	3.51	—	—	0.51
Total Assets	272.51	294.72	23.00	19.07

Accounts Payable	5.10	3.79	11.09	4.28
Current Debt	0.40	0.71	0.02	0.10
Current Lease Liabilities	0.62	0.60	0.57	0.62
Other Current Liabilities	12.23	8.59	9.70	8.44
Total Current Liabilities	18.36	13.69	21.37	13.43
Long-term Debt	0.05	0.02	0.02	0.03
Long-term Lease Liabilities	2.25	2.41	1.68	1.60
Other Liabilities	—	—	—	0.65
Total Liabilities	20.84	16.31	23.25	15.71

Retained Earnings	(422.65)	(393.56)	(370.53)	(341.33)
Total Equity	251.67	278.41	(0.25)	3.36

	LTM	12/31/25	12/31/24
Cash & Equivalents	249.90	6.70	70.46
Receivables	0.55	0.03	0.21
Inventory	0.01	0.15	0.51
Other Current Assets	10.19	8.79	3.47
Total Current Assets	260.65	15.68	74.65

Net PPE	5.62	5.26	4.77
Operating Lease ROU	2.63	2.00	1.08
Intangible Assets	0.10	0.07	0.19
Other Assets	3.51	—	—
Total Assets	272.51	23.00	80.70

Accounts Payable	5.10	11.09	5.89
Current Debt	0.40	0.02	0.00
Current Lease Liabilities	0.62	0.57	0.75
Other Current Liabilities	12.23	9.70	9.92
Total Current Liabilities	18.36	21.37	16.56
Long-term Debt	0.05	0.02	0.00
Long-term Lease Liabilities	2.25	1.68	0.65
Other Liabilities	—	—	0.81
Total Liabilities	20.84	23.25	18.02

Retained Earnings	(422.65)	(370.53)	(276.39)
Total Equity	251.67	(0.25)	62.68

	6/30/26	3/31/26	12/31/25	9/30/25
Net Income	(28.78)	(22.90)	(29.02)	(22.21)
D&A	0.47	0.43	0.42	0.42
Stock-Based Comp	2.12	1.82	3.03	1.50
Δ Working Cap & Other	5.39	(8.03)	7.04	2.04
Operating Cash Flow	(20.80)	(28.68)	(18.53)	(18.25)

CapEx	(0.65)	(0.14)	(0.40)	(0.77)
Investing Cash Flow	(0.65)	(0.18)	(0.40)	(0.77)

Debt Repayment	(0.31)	(0.56)	(0.08)	(0.29)
Stock Issuance	—	—	25.20	0.00
Other Financing	(0.56)	300.07	(2.74)	—
Financing Cash Flow	(0.88)	299.51	22.38	(0.29)

Effect of FX on Cash	0.01	(0.01)	(0.00)	(0.00)

Free Cash Flow	(21.45)	(28.82)	(18.92)	(19.02)

	LTM	12/31/25	12/31/24
Net Income	(102.91)	(94.22)	(75.97)
D&A	1.74	1.66	1.51
Stock-Based Comp	8.47	7.78	6.52
Δ Working Cap & Other	6.44	6.98	6.70
Operating Cash Flow	(86.26)	(77.80)	(61.24)

CapEx	(1.95)	(1.95)	(2.27)
Other Investing	—	1.36	—
Investing Cash Flow	(2.00)	(0.60)	(2.28)

Debt Repayment	(1.24)	(1.23)	(7.19)
Stock Issuance	—	25.82	119.64
Other Financing	321.96	(4.04)	—
Financing Cash Flow	320.72	20.55	112.83

Effect of FX on Cash	(0.01)	(0.04)	0.06

Free Cash Flow	(88.21)	(79.76)	(63.51)

	6/30/26	3/31/26	12/31/25	9/30/25
Current Ratio	14.20	20.93	0.73	0.84
Quick Ratio	14.20	20.93	0.73	0.80
Debt / Equity	0.00	0.00	-0.15	0.04
EBITDA Margin %	(3025.6%)	(4772.9%)	(9207.1%)	(5092.8%)
Working Capital	242.29	272.98	(5.70)	(2.21)
Net Debt	(249.45)	(282.49)	(6.66)	(9.00)
ROE %	(11.4%)	(8.2%)	11471.5%	(661.2%)
ROA %	(10.6%)	(7.8%)	(126.2%)	(116.4%)

	LTM	12/31/25	12/31/24
Current Ratio	14.20	0.73	4.51
Quick Ratio	14.20	0.73	4.48
Debt / Equity	0.00	-0.15	0.00
EBITDA Margin %	(4660.8%)	(4821.4%)	(2843.7%)
Working Capital	242.29	(5.70)	58.09
Net Debt	(249.45)	(6.66)	(70.45)
ROE %	(40.9%)	37243.1%	(121.2%)
ROA %	(37.8%)	(409.7%)	(94.1%)

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-10-08	L1 Capital Pty Ltd	10% Owner	2026-10-06	P	272,695	$7.18	$1,957,950
2026-10-06	L1 Capital Pty Ltd	10% Owner	2026-10-05	P	648,455	$7.51	$4,869,897
2026-10-06	L1 Capital Pty Ltd	10% Owner	2026-10-02	P	236,354	$7.78	$1,838,834
2026-10-01	L1 Capital Pty Ltd	10% Owner	2026-10-01	P	322,940	$7.60	$2,454,344
2026-10-01	L1 Capital Pty Ltd	10% Owner	2026-09-30	P	74,286	$7.72	$573,488
2026-09-16	Moen Brent	Officer (Chief Financial Officer)	2026-09-11	A	90,274	—	$0
2026-09-01	L1 Capital Pty Ltd	10% Owner	2026-08-28	S	(7,800)	$8.83	-$68,874
2026-08-20	St Denis David	Director, Officer (Chief Operating Officer)	2026-08-19	M	60,000	$5.65	$339,000
2026-08-20	St Denis David	Director, Officer (Chief Operating Officer)	2026-08-19	F	(45,072)	$9.58	-$431,790
2026-08-20	St Denis David	Director, Officer (Chief Operating Officer)	2026-08-19	M	(60,000)	—	$-0
2026-08-12	L1 Capital Pty Ltd	10% Owner	2026-08-11	S	(375,815)	$9.30	-$3,495,080
2026-08-12	L1 Capital Pty Ltd	10% Owner	2026-08-10	S	(251,844)	$9.10	-$2,291,780
2026-08-10	L1 Capital Pty Ltd	10% Owner	2026-08-06	S	(174,721)	$8.10	-$1,415,240
2026-08-06	L1 Capital Pty Ltd	10% Owner	2026-08-05	S	(14,581)	$8.23	-$120,002
2026-08-06	L1 Capital Pty Ltd	10% Owner	2026-08-04	S	(480,608)	$8.30	-$3,989,046
2026-08-04	L1 Capital Pty Ltd	10% Owner	2026-08-03	S	(475,693)	$8.10	-$3,853,113
2026-08-04	L1 Capital Pty Ltd	10% Owner	2026-07-31	S	(48,711)	$8.15	-$396,995
2026-07-31	L1 Capital Pty Ltd	10% Owner	2026-07-30	S	(558,633)	$8.20	-$4,580,791
2026-07-31	L1 Capital Pty Ltd	10% Owner	2026-07-29	S	(155,505)	$8.04	-$1,250,260
2026-07-29	L1 Capital Pty Ltd	10% Owner	2026-07-28	S	(208,731)	$8.09	-$1,688,634
2026-07-29	L1 Capital Pty Ltd	10% Owner	2026-07-27	S	(232,817)	$8.19	-$1,906,771
2026-07-28	L1 Capital Pty Ltd	10% Owner	2026-07-27	S	(48,344)	$8.15	-$394,004
2026-07-28	L1 Capital Pty Ltd	10% Owner	2026-07-24	S	(23,000)	$8.13	-$186,990
2026-07-28	L1 Capital Pty Ltd	10% Owner	2026-01-22	P	5,000,000	$5.75	$28,750,000
2026-07-28	L1 Capital Pty Ltd	10% Owner	2025-10-28	P	1,333,334	$4.93	$6,580,003
2026-06-09	Moss Gregory S.	Director	2026-06-07	M	17,580	—	$0
2026-06-09	Moss Gregory S.	Director	2026-06-07	M	(17,580)	—	$-0
2026-06-09	Roberts David B	Director	2026-06-07	M	17,580	—	$0
2026-06-09	Roberts David B	Director	2026-06-07	M	(17,580)	—	$-0
2026-06-09	McDonnell Matthew	Officer (Chief Financial Officer)	2026-06-05	M	2,001	$4.84	$9,685
2026-06-09	McDonnell Matthew	Officer (Chief Financial Officer)	2026-06-05	M	60,000	$6.32	$379,200
2026-06-09	McDonnell Matthew	Officer (Chief Financial Officer)	2026-06-05	F	(39,595)	$9.83	-$389,219
2026-06-09	McDonnell Matthew	Officer (Chief Financial Officer)	2026-06-05	M	(2,001)	—	$-0
2026-06-09	McDonnell Matthew	Officer (Chief Financial Officer)	2026-06-05	M	(60,000)	—	$-0
2026-06-04	Knight Susan Elizabeth	Director	2026-06-02	P	11,000	$9.29	$102,228
2026-03-06	McDonnell Matthew	Officer (Chief Financial Officer)	2026-03-04	A	78,740	—	$0
2026-02-09	L1 Capital Pty Ltd	10% Owner	2026-01-22	P	5,000,000	$5.75	$28,750,000
2026-02-09	L1 Capital Pty Ltd	10% Owner	2025-10-28	P	1,333,334	$4.93	$6,580,003
2025-12-18	St Denis David	Director, Officer (Chief Operating Officer)	2025-12-16	M	166,666	—	$0
2025-12-18	St Denis David	Director, Officer (Chief Operating Officer)	2025-12-16	F	(65,584)	$4.95	-$324,641
2025-12-18	St Denis David	Director, Officer (Chief Operating Officer)	2025-12-16	M	(166,666)	—	$-0
2025-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2025-12-16	M	27,777	—	$0
2025-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2025-12-16	M	(27,777)	—	$-0
2025-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-12-16	M	333,333	—	$0
2025-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-12-16	F	(163,213)	$4.95	-$807,904
2025-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-12-16	M	(333,333)	—	$-0
2025-12-18	Seaberg John D	Director	2025-12-16	M	27,777	—	$0
2025-12-18	Seaberg John D	Director	2025-12-16	M	(27,777)	—	$-0
2025-12-08	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-12-03	A	1,000,000	—	$0
2025-12-05	Moss Gregory S.	Director	2025-12-03	A	52,742	—	$0
2025-12-05	Moss Gregory S.	Director	2025-12-03	A	13,821	—	$0
2025-12-05	Denaro Stephen	Director	2025-12-03	A	41,666	—	$0
2025-12-05	Denaro Stephen	Director	2025-12-03	A	28,026	—	$0
2025-12-05	Seaberg John D	Director	2025-12-03	A	83,333	—	$0
2025-12-05	Seaberg John D	Director	2025-12-03	A	56,053	—	$0
2025-12-05	Roberts David B	Director	2025-12-03	A	52,742	—	$0
2025-12-05	Roberts David B	Director	2025-12-03	A	13,821	—	$0
2025-03-21	Denaro Stephen	Director	2025-03-11	M	16,500	$7.13	$117,645
2025-03-21	Denaro Stephen	Director	2025-03-11	M	(16,500)	—	$-0
2025-03-21	Seaberg John D	Director	2025-03-06	M	40,000	$7.13	$285,200
2025-03-21	Seaberg John D	Director	2025-03-06	F	(36,148)	$7.89	-$285,208
2025-03-21	Seaberg John D	Director	2025-03-06	M	40,000	—	$0
2025-03-21	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	M	233,000	$7.13	$1,661,290
2025-03-21	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	F	(220,393)	$7.98	-$1,758,736
2025-03-21	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	M	(233,000)	—	$-0
2025-03-20	Denaro Stephen	Director	2025-03-11	M	16,500	$7.13	$117,645
2025-03-20	Denaro Stephen	Director	2025-03-11	M	(16,500)	—	$-0
2025-03-20	Seaberg John D	Director	2025-03-06	M	40,000	$7.13	$285,200
2025-03-20	Seaberg John D	Director	2025-03-06	F	(36,148)	$7.89	-$285,208
2025-03-20	Seaberg John D	Director	2025-03-06	M	40,000	—	$0
2025-03-20	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	M	233,000	$7.13	$1,661,290
2025-03-20	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	F	(220,393)	$7.98	-$1,758,736
2025-03-20	Paterson Wayne	Director, Officer (Chief Executive Officer)	2025-03-05	M	(233,000)	—	$-0
2024-12-18	Denaro Stephen	Director	2024-12-16	A	7,222	—	$0
2024-12-18	Denaro Stephen	Director	2024-12-16	A	16,500	—	$0
2024-12-18	Denaro Stephen	Director	2024-12-16	A	40,000	—	$0
2024-12-18	Denaro Stephen	Director	2024-12-16	A	80,500	—	$0
2024-12-18	Denaro Stephen	Director	2024-12-16	A	50,000	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	20,334	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	14,358	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	31,890	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	233,000	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	41,222	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	258,778	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	700,000	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	300,000	—	$0
2024-12-18	Paterson Wayne	Director, Officer (Chief Executive Officer)	2024-12-16	A	4,167	—	$0
2024-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2024-12-16	A	2,001	—	$0
2024-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2024-12-16	A	60,000	—	$0
2024-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2024-12-16	A	50,000	—	$0
2024-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2024-12-16	A	233,334	—	$0
2024-12-18	McDonnell Matthew	Officer (Chief Financial Officer)	2024-12-16	A	83,333	—	$0
2024-12-18	Gu Wenyi	Director	2024-12-16	A	40,000	—	$0
2024-12-18	Gu Wenyi	Director	2024-12-16	A	80,500	—	$0
2024-12-18	Gu Wenyi	Director	2024-12-16	A	50,000	—	$0
2024-12-18	St Denis David	Officer (Chief Operating Officer)	2024-12-16	A	5,430	—	$0
2024-12-18	St Denis David	Officer (Chief Operating Officer)	2024-12-16	A	60,000	—	$0
2024-12-18	St Denis David	Officer (Chief Operating Officer)	2024-12-16	A	200,000	—	$0
2024-12-18	St Denis David	Officer (Chief Operating Officer)	2024-12-16	A	700,000	—	$0
2024-12-18	St Denis David	Officer (Chief Operating Officer)	2024-12-16	A	500,000	—	$0
2024-12-18	Seaberg John D	Director	2024-12-16	A	15,858	—	$0
2024-12-18	Seaberg John D	Director	2024-12-16	A	40,000	—	$0
2024-12-18	Seaberg John D	Director	2024-12-16	A	80,000	—	$0
2024-12-18	Seaberg John D	Director	2024-12-16	A	157,500	—	$0
2024-12-18	Seaberg John D	Director	2024-12-16	A	75,000	—	$0