STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2025

STOCK-BASED COMPENSATION [Abstract]

Components and Classification of Stock-Based Compensation Expense

The following table presents the components and classification of stock-based compensation expense recognized for stock options, cash-settled stock-based payments rights (“SPP rights”), RSUs and shares of Common Stock issued to employees, directors and consultants:

(in thousands)	2025 $		2024 $
Equity-settled stock-based payments (including stock options and RSUs)		7,783		6,304
Cash-settled stock-based payments (SPP rights)		54		(530	)
Shares issued as compensation to consultants		-		215
Total stock-based compensation expense		7,837		5,989
Classification of stock-based compensation expense
Cost of products sold		33		5
Research and development expense		3,101		788
Selling, general and administrative expense		4,703		5,196
Total stock-based compensation expense		7,837		5,989
Stock-based compensation capitalized to equity (transaction cost)		735		215
Income tax benefit		-		-
Total stock-based compensation		8,572		6,204

Summarizes RSU Activity

The following table summarizes the RSU activity during the year:

	Number of RSUs			Weighted-average grant price $
Non-vested at January 1, 2025		749,999			6.00
Granted during the year		1,910,104			4.16
Settled in shares during the year		(611,108	)		5.09
Forfeited during the year		(160,492	)		3.86
Non-vested at December 31, 2025		1,888,503			4.62

Cash Flows and Other Information

The following table summarizes the Company’s cash flows and other information related to stock‑based payment awards for the year.

(in thousands)	2025 $			2024 $
Cash proceeds from options exercised		119			4
Cash paid for withholding taxes		(1,230	)		-
Cash payments for stock-based liabilities		-			-
Intrinsic value of options exercised		225			3
Intrinsic value of restricted stock units vested		3,025			-
Fair value of restricted stock units vested		3,111			-
Income tax benefit related to options exercised		-			-

Employee and Director Stock Options [Member]

STOCK-BASED COMPENSATION [Abstract]

Schedule of Service-based Stock Options

The number and weighted-average exercise prices of service-based stock options (employee and director options), excluding those with share price performance hurdles, under stock-based payment arrangements were as follows:

	Number of options			Weighted- average exercise price $		Weighted- average Remaining Contractual Term (in years)		Aggregate Intrinsic Value (in thousands) $
Outstanding at January 1, 2025		2,799,374			12.08
Granted during the year		52,750			3.63
Forfeited during the year		(181,165	)		10.44
Exercised during the year		(1,314	)		3.49
Expired during the year		(750	)		2.34
Outstanding at December 31, 2025		2,668,895			12.06		2.5		124
Expected to vest at December 31, 2025		662,523			14.38		3.4		38
Exercisable at December 31, 2025		1,938,774			11.38		2.1		52

Director Stock Options [Member]

STOCK-BASED COMPENSATION [Abstract]

Weighted Average Inputs

The following table presents the fair value of stock-based payments options granted to directors during the year and the inputs used in the Black-Scholes model.

	2025		2024
Quantity issued during the period		-		475,000
Weighted average fair value per stock option at grant date		-	$	4.87
Assumptions used:
Share price at grant date		-	$	12.62
Exercise price		-	$	15.29
Expected volatility range		-		52.5% - 60.0%
Expected life range		-		3 - 4 years
Expected dividends		-		Nil
Risk-free interest rate range		-		4.07% - 4.08%

Employee Options [Member]

STOCK-BASED COMPENSATION [Abstract]

Weighted Average Inputs

The following table provides the weighted average fair value of options granted to employees during the year and the related weighted average inputs (based on number of options granted) used in the Black-Scholes model.

	2025		2024
Quantity issued during the period		52,750		167,950
Weighted average fair value per stock option at grant date	$	2.37	$	7.50
Assumptions used:
Share price at grant date range		$3.51 - $3.80		$10.86 - $14.80
Exercise price range		$3.51 - $3.80		$10.87 - $13.02
Expected volatility range		67.5% - 72.5%		52.5% - 65.0%
Expected life range		5.5 - 6.5 years		3 - 4 years
Expected dividends		Nil		Nil
Risk-free interest rate range		3.76% - 3.99%		3.63% - 4.06%

Non-vested Service-based Stock Options [Member]

STOCK-BASED COMPENSATION [Abstract]

Summary of Non-vested Service-based Stock Options

The following table summarizes the status of Anteris’ non-vested service-based stock options:

	Number of options			Weighted-average exercise price $
Non-vested at December 31, 2024		1,453,131			14.14
Granted		52,750			3.63
Vested		(685,847	)		13.71
Forfeited		(89,913	)		13.66
Non-vested at December 31, 2025		730,121			14.01

Share Price Performance Rights [Member]

STOCK-BASED COMPENSATION [Abstract]

Weighted Average Inputs

The inputs used in the measurement of the fair values at reporting date of the SPP rights were as follows:

Service based SPP	December 31, 2025			December 31, 2024
Weighted average fair value per right	$	0.10		$	0.12
Share price at measurement date	$	4.99		$	5.58
Base price	$	15.28		$	15.28
Expected volatility (weighted average)		77.5	%		51.3	%
Expected life (weighted average)		0.7 years			1.2 years
Risk-free interest rate (based on government bonds)		3.54	%		4.21	%

Service and performance based SPP	December 31, 2025			December 31, 2024
Weighted average fair value per right	$	0.49		$	0.71
Share price at measurement date	$	4.99		$	5.58
Base price	$	15.28		$	15.28
Expected volatility (weighted average)		72.3	%		57.5	%
Expected life (weighted average)		1.7 years			2.7 years
Risk-free interest rate (based on government bonds)		3.47	%		4.27	%

Summary of Non-vested Service-based Stock Options

The following table summarizes the SPP rights activity during the year:

	Number of rights			Weighted- average base price $		Weighted- average Remaining Contractual Term (in years)		Carrying amount of liabilities (in thousands) $
SPP with service conditions
Non-vested at January 1, 2025		566,668			15.28
Forfeited during the year		(283,332	)		15.28
Non-vested at December 31, 2025		283,336			15.28		0.7		22
SPP with service and performance conditions
Non-vested at January 1, 2025		700,000			15.28
Non-vested at December 31, 2025		700,000			15.28		2.7		257