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ADAG reported revenue of $7.67M and net income of −$17.61M in FY2025.
| Fiscal year | Revenue | Net income |
|---|---|---|
| 2025 | $7.67M | −$17.61M |
| 2024 | $103.2K | −$33.42M |
| 2023 | $18.11M | −$18.95M |
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Also filed under Biotechnology, ranked by how closely they sit beside ADAG.
ADAG is among the largest companies matching:
The assistant answers from what ADAG has actually filed: 8 annual reports filed with the SEC and 4 Form 4 filings from the last year. Every figure in a reply links to the filing it came from, so an answer can be checked rather than believed.
Cash flow breakdown
What the business generated, and where it went
Operating cash flow
−$15.66M 2025
Cash generated by the business itself
Free cash flow
−$15.67M 2025
Operating cash flow minus capital expenditure
Capital expenditure
$17.05K 2025
Spending on property, plant and equipment
ADAG generated −$15.66M of operating cash flow. Each figure below is what it did with that, as reported on the same statement.
Reinvested in the business
A non-cash cost, added back above
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | −$15.66M | −$29.7M | −$28.45M | −$48.61M | −$43.41M | −$28.53M | −$18.15M | −$14.26M |
| Capital expenditure | $17.05K | $33.58K | $85.01K | $690.94K | $2.51M | $935.2K | $151.83K | $514.7K |
| Free cash flow | −$15.67M | −$29.73M | −$28.54M | −$49.3M | −$45.92M | −$29.46M | −$18.31M |
Financial statements
Every figure below is this company’s, as filed. Measure draws them: 8 years and 0 quarters plotted to scale, on the income statement, balance sheet and cash flow, plus the ratio and estimate sections this page does not carry.
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Revenue
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $7.67M | $103.2K | $18.11M | $9.29M | $10.18M | $700.91K | $480K | $1.51M |
| Research and development | $22.03M | $28.78M | $36.64M | $81.34M | $68.1M | $33.54M | $16.21M | $16.08M |
| Selling, general and administrative | $7.08M | $7.27M | $8.67M | $11.87M | $14.44M | $10.31M | $3.44M | $2.77M |
| Operating income | −$21.44M | −$35.95M | −$23.72M | −$83.92M | −$72.36M | −$43.15M | −$19.17M | −$17.33M |
| Net income | −$17.61M | −$33.42M | −$18.95M | −$79.97M |
Cash
Plotted to scale onMeasure
As reported in the company's own annual filings.
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $78.26M | $89.27M | $115.73M | $152.4M | $189.51M | $84.26M | $105.89M | - |
| Current assets | $77.38M | $87.78M | $113.44M | $149.32M | $185.95M | $79.1M | $103.92M | - |
| Cash | $74.52M | $85.19M | $109.93M | $143.76M | $174.39M | $75.15M | $92.53M | $16.06M |
| Short-term investments | $0 | $0 | $0 | - | - | - | $8M | - |
| Total liabilities | $26.36M | $38.74M | $45.17M | $69.31M | $32.95M |
Derived from SEC XBRL filings. Not investment advice.
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Revenue, margins and cash flow quarter by quarter, where a change in direction shows up first.
Quarterly statementsMeasure
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Why a margin moved, where the cash went: answered from ADAG's own statements, not a guess.
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| −$14.78M |
| Stock-based compensation | $3.74M | $4.91M | $7.27M | $10.52M | $18.68M | $10.13M | $611.71K | $126.54K |
|---|
| Buybacks | - | - | - | $3.98M | $2.36M | - | - | - |
|---|
| −$73.18M |
| −$42.4M |
| −$16.43M |
| −$15.27M |
| Diluted EPS | -$0.30 | -$0.59 | -$0.35 | -$1.48 | -$1.46 | -$2.67 | -$1.10 | -$0.94 |
|---|
| Diluted shares | 59.01M | 56.29M | 54.74M | 54.14M | 50.03M | 15.95M | 15.18M | 15.16M |
|---|
| Operating margin | −279.48% | −34835.42% | −130.97% | −903.08% | −711.18% | −6156.49% | −3993.68% | −1147.09% |
|---|
| Net margin | −229.56% | −32386.45% | −104.61% | −860.59% | −719.18% | −6048.86% | −3423.40% | −1010.22% |
|---|
| $19.2M |
| $8.7M |
| - |
| Current liabilities | $25.17M | $38.18M | $31.46M | $55.08M | $29.82M | $16.15M | $7.18M | - |
|---|
| Total debt | $1.14M | $417.34K | $13.54M | $14.15M | $2.99M | $2.97M | $1.52M | - |
|---|
| Temporary equity | $16.55M | - | - | - | - | $154.45M | $154.2M | $84.96M |
|---|
| Shareholder equity | $35.35M | $50.52M | $70.56M | $83.09M | $156.56M | −$89.39M | −$57.01M | −$41.03M |
|---|