ADAG
Adagene Inc
NASDAQ: ADAG · HEALTHCARE · BIOTECHNOLOGY
$3.55
+0.57% today
Updated 2026-04-29
Market cap
$234.56M
P/E ratio
—
P/S ratio
30.58x
EPS (TTM)
$-0.37
Dividend yield
—
52W range
$1 – $5
Volume
0.3M
Adagene Inc (ADAG) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.51M | $480000.00 | $480000.00 | $10.18M | $9.29M | $18.11M | $103204.00 | $7.67M |
| Revenue growth (YoY) | — | -68.2% | +0.0% | +2019.8% | -8.7% | +94.9% | -99.4% | +7332.8% |
| Cost of revenue | — | — | — | — | — | — | $926248.00 | — |
| Gross profit | $1.51M | $480000.00 | $480000.00 | $10.18M | $9.29M | $18.11M | $-823044.00 | $7.67M |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | -797.5% | 100.0% |
| R&D | $16.08M | $16.21M | $16.21M | $68.10M | $81.34M | $36.64M | $28.78M | $22.03M |
| SG&A | $2.77M | $3.44M | $3.44M | $14.44M | $11.87M | $8.67M | $7.27M | $7.08M |
| Operating income | $-17.33M | $-19.17M | $-19.17M | $-72.36M | $-83.92M | $-23.72M | $-35.95M | $-21.44M |
| Operating margin | -1147.1% | -3993.7% | -3993.7% | -711.2% | -903.1% | -131.0% | -34835.4% | -279.5% |
| EBITDA | $-14.27M | $-15.48M | $-41.34M | $-69.99M | $-77.39M | $-14.95M | $-31.66M | $-20.91M |
| EBITDA margin | -944.0% | -3224.5% | -8611.8% | -687.8% | -832.8% | -82.5% | -30680.5% | -272.6% |
| EBIT | $-15.18M | $-16.29M | $-42.20M | $-71.11M | $-78.82M | $-16.16M | $-32.59M | $-21.49M |
| Interest expense | $91085.00 | $138096.00 | $202165.00 | $363762.00 | $693323.00 | $1.11M | $851874.00 | $463132.00 |
| Income tax | $-547003.00 | $861572.00 | $3164.00 | $1.70M | $459055.00 | $1.69M | $-17553.00 | — |
| Effective tax rate | 3.6% | -5.2% | -0.0% | -2.4% | -0.6% | -9.8% | 0.1% | 0.0% |
| Net income | $-14.72M | $-17.29M | $-16.44M | $-73.18M | $-79.97M | $-18.95M | $-33.42M | $-17.61M |
| Net income growth (YoY) | — | -17.5% | +5.0% | -345.2% | -9.3% | +76.3% | -76.4% | +47.3% |
| Profit margin | -974.0% | -3602.9% | -3424.1% | -719.2% | -860.6% | -104.6% | -32386.4% | -229.6% |