Anteris Technologies Global Corp. (AVR) AI Stock Analysis

NASDAQ: AVRAI research summary: business, growth, valuation, analysts, bull and bear case.

AVR AI stock analysis summary

AI Research

Anteris Technologies Global Corp. (AVR) is a structural heart company developing minimally invasive medical devices for heart valve diseases. The company generated $2.2M in trailing twelve months revenue with an operating margin of -3072.1% as research and development spending reached $69.1M in FY2025. It held $254.1M in net cash as of June 30, 2026, alongside a 22.0% 1-year stock return.

Market cap
$588.9M
Revenue (TTM)
$2.2M
P/E
—
1Y return
22.0%
S&P 500 16.8%
Avg. target
$14.00
131.4% vs last close

Bull case

  • The balance sheet maintains $254.1M in net cash with a current ratio of 14.20 as of June 30, 2026.
  • Quarterly revenue grew 63.3% year-over-year in the quarter ended June 30, 2026.
  • Analysts maintain a mean price target of $14.00, implying 131.4% upside versus the last close of $6.05.

Bear case

  • Revenue fell 29.2% in FY2025 to $1.9M, continuing a 5-year revenue CAGR of -18.9%.
  • Net income dropped to -$94.1M in FY2025, alongside free cash flow of -$79.8M.
  • The stock trades at an elevated price-to-sales ratio of 263.0x compared to 4.1x for its US-listed Healthcare peers.

What Anteris Technologies Global does

Anteris Technologies Global Corp., based in Toowong, Australia, develops and commercializes minimally invasive medical devices to treat heart valve diseases. Its primary product is the DurAVR transcatheter heart valve system, designed to mimic the performance of a healthy human aortic valve for severe aortic stenosis treatment. The company also develops ADAPT anti-calcification tissue, an anti-calcification preparation that transforms xenograft tissue into durable bioscaffolds for surgical repair and aortic valve replacement. In addition, it develops the ComASUR delivery system, a physician-developed balloon-expandable delivery system with a reinforced steerable catheter for precise deflection through heart anatomy without damaging the aorta.

Growth and profitability

Annual revenue decreased from $5.8M in FY2021 to $1.9M in FY2025, reflecting a 5-year revenue CAGR of -18.9%. Gross margin swung from 32.7% in FY2021 to -16.6% in FY2025, while operating margin fell from -289.2% to -4908.2%. Net losses widened from -$17.2M in FY2021 to -$94.1M in FY2025, or -$2.56 per share, driven partly by research and development expense rising to $69.1M. Over the trailing twelve months, revenue was $2.2M, though the latest quarter ended June 30, 2026 recorded quarterly revenue growth of 63.3% year-over-year. Operating cash flow was -$77.8M in FY2025.

AVR income statement →

Balance sheet and cash flow

As of June 30, 2026, Anteris Technologies held $257.4M in cash and short-term investments and $3.3M in total debt, yielding net cash of $254.1M. Shareholders' equity stood at $251.4M out of $272.5M in total assets. The balance sheet carried a current ratio of 14.20 and a debt-to-equity ratio of 0.01. Free cash flow for FY2025 was -$79.8M, which included $2.0M in capital expenditures.

AVR balance sheet →

Valuation and performance

Anteris Technologies carries a market cap of $588.9M and an enterprise value of $489.1M. It trades at a price-to-sales multiple of 263.0x and an EV-to-revenue ratio of 218.1x, compared to a median price-to-sales of 4.1x for its US-listed Healthcare peers. Its price-to-book ratio is 3.0x. Over the past year, the stock returned 22.0%, outperforming the S&P 500 (SPY) return of 16.8%. However, at $6.05 as of October 16, 2026, the stock traded 17.4% below its 200-day average.

AVR key metrics →

What analysts expect

Wall Street analysts hold 4 Strong Buy ratings and 1 Hold rating on Anteris Technologies, with no Sell ratings. The mean price target is $14.00, representing an upside of 131.4% from the last close of $6.05. For FY2026, analysts estimate an EPS of -$1.18 and revenue of $8.5M. For FY2027, five analysts project revenue of $14.1M, representing 65.2% growth, and EPS of -$1.15. The company delivered 0 EPS beats over the last 4 quarters. The next earnings date is November 11, 2026.

AVR forecast and price target →

Key risks and what to watch

  • Substantial ongoing cash burn, with operating cash flow of -$77.8M in FY2025.
  • High operating losses, highlighted by a TTM operating margin of -3072.1%.
  • Shares trade 17.4% below their 200-day average, with 9.8% of the float sold short.
  • The company failed to beat EPS estimates in any of the last 4 quarters.

AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer

About this AVR AI stock analysis

This page is an AI-written research summary of Anteris Technologies Global Corp. (AVR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: AVR income statement, AVR balance sheet, AVR key metrics, AVR analyst forecast, AVR chart. See the AVR stock overview for the latest quote and news.

AVR AI stock analysis FAQ

What products does Anteris Technologies develop?

The company develops the DurAVR transcatheter heart valve system for severe aortic stenosis, the ADAPT anti-calcification tissue platform, and the ComASUR balloon-expandable delivery system.

Does AVR pay a dividend?

Anteris Technologies does not pay a dividend. Its capital is allocated to clinical development and operations, with FY2025 capital expenditures of $2.0M.

How much cash does Anteris Technologies have?

As of June 30, 2026, the company held $257.4M in cash and short-term investments and $3.3M in total debt, resulting in a net cash position of $254.1M.

What are analysts expecting for AVR revenue?

Analysts estimate FY2026 revenue of $8.5M and FY2027 revenue of $14.1M, which represents projected year-over-year growth of 65.2%.

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