Ascentage Pharma Group International
NASDAQ: AAPG · HEALTHCARE · BIOTECHNOLOGY
Updated 2026-06-05
Ascentage Pharma Group International (AAPG) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $-45.89M | $-107.98M | $-237.67M | $-460.31M | $-609.96M | $-604.68M | $-653.91M | $-726.08M | $-111.36M | $-1.17B |
| Capital expenditures | $3.37M | $20.54M | $49.46M | $81.42M | $251.48M | $436.63M | $236.96M | $56.84M | $24.29M | $27.57M |
| Depreciation | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | $64.99M | — | $27.57M | $70.82M | $74.03M | $46.97M | $22.11M | $31.50M | $20.92M | $20.87M |
| Free cash flow | $-49.26M | $-128.52M | $-287.13M | $-541.72M | $-861.43M | $-1.04B | $-890.88M | $-782.92M | $-135.65M | $-1.20B |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Share repurchases | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Ascentage Pharma Group International's revenue?
Ascentage Pharma Group International's trailing twelve-month revenue is $574.12M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is AAPG?
In its most recent fiscal year, AAPG ran a gross margin of 76.41%, an operating margin of -211.14%, and a net margin of -216.47%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does AAPG generate?
AAPG produced $-1.20B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is AAPG's balance sheet healthy?
AAPG holds $2.47B in cash and equivalents against $742.33M in long-term debt, on $1.33B of shareholder equity. Cash on hand exceeds long-term debt, so the balance sheet adds little financial risk to the thesis.