Financial Statements — ADMA
Balance Sheet
(in millions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 138.15 | 61.39 | 90.29 | 71.63 | 86.71 | 88.24 | 45.33 | 74.16 | 62.51 | 69.20 | 34.91 | 52.42 | 69.50 | 34.41 | 42.41 | 61.97 |
| Accounts Receivable | 135.86 | 137.67 | 109.73 | 99.41 | 50.14 | 30.11 | 49.62 | 31.32 | 36.73 | 26.52 | 20.90 | 18.88 | 25.63 | 20.39 | 23.54 | 15.36 |
| Inventory | 222.10 | 196.67 | 191.46 | 172.19 | 171.80 | 179.81 | 177.73 | 163.12 | 161.78 | 163.98 | 162.91 | 146.08 | 139.15 | 114.12 | 99.70 | 94.15 |
| Total Current Assets | 511.17 | 402.66 | 399.56 | 351.81 | 318.19 | 303.69 | 276.42 | 273.70 | 266.24 | 264.09 | 224.09 | 222.77 | 239.80 | 174.79 | 171.36 | 177.28 |
| Property, Plant & Equipment | 65.01 | 69.51 | 57.50 | 57.71 | 53.69 | 54.33 | 55.32 | 54.81 | 56.31 | 57.37 | 56.95 | 54.95 | 53.22 | 48.39 | 46.49 | 44.18 |
| Goodwill | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 | 3.53 |
| Intangible Assets | 0.63 | 0.49 | 0.53 | 0.45 | 0.49 | 0.48 | 0.32 | 0.48 | 0.66 | 0.83 | 1.19 | 1.37 | 1.55 | 1.91 | 2.09 | 2.27 |
| Total Non-current Assets* | 154.01 | 166.03 | 158.82 | 158.76 | 72.43 | 72.71 | 74.46 | 75.30 | 76.78 | 76.70 | 76.46 | 74.16 | 68.23 | 63.86 | 61.46 | 58.39 |
| Total Assets | 665.18 | 568.69 | 558.38 | 510.57 | 390.62 | 376.40 | 350.88 | 349.00 | 343.03 | 340.79 | 300.56 | 296.93 | 308.03 | 238.64 | 232.81 | 235.67 |
| Accounts Payable | 20.52 | 24.02 | 29.77 | 20.61 | 16.02 | 14.18 | 17.19 | 10.85 | 12.08 | 12.96 | 25.20 | 11.39 | 14.12 | 17.28 | 6.17 | 12.15 |
| Total Current Liabilities | 73.54 | 56.49 | 74.94 | 53.50 | 44.89 | 44.18 | 53.09 | 41.84 | 41.95 | 36.73 | 44.44 | 28.07 | 31.57 | 32.34 | 18.19 | 21.21 |
| Long-term Debt | 196.87 | 72.43 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 201.32 | 81.01 | 85.11 | 83.65 | 113.84 | 143.95 | 144.08 | 155.72 | 154.31 | 158.41 | 155.73 | 154.46 | 149.53 | 103.52 | 103.03 | 101.96 |
| Total Liabilities | 274.86 | 137.50 | 160.06 | 137.15 | 158.73 | 188.13 | 197.17 | 197.56 | 196.26 | 195.13 | 200.17 | 182.53 | 181.10 | 135.86 | 121.22 | 123.16 |
| Retained Earnings | (116.32) | (211.03) | (247.46) | (281.68) | (420.48) | (456.39) | (488.45) | (488.61) | (491.18) | (484.81) | (465.78) | (450.89) | (437.12) | (395.46) | (377.75) | (358.85) |
| Total Stockholder Equity | 390.33 | 431.19 | 398.33 | 373.42 | 231.89 | 188.27 | 153.71 | 151.44 | 146.76 | 145.65 | 100.38 | 114.40 | 126.93 | 102.78 | 111.59 | 112.50 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 114.49 | 139.16 | 134.22 | 121.98 | 114.80 | 117.55 | 119.84 | 107.19 | 81.88 | 73.90 | 67.27 | 60.12 | 56.91 | 49.98 | 41.09 | 33.91 | 29.10 | 26.38 | 20.68 | 17.83 |
| Cost of Revenue | 33.74 | 50.35 | 58.60 | 54.76 | 53.71 | 54.22 | 60.18 | 49.74 | 42.77 | 42.82 | 42.62 | 43.43 | 40.40 | 35.80 | 31.43 | 26.14 | 25.44 | 22.87 | -- | -- |
| Gross Profit | 80.75 | 88.82 | 75.63 | 67.23 | 61.10 | 63.33 | 59.66 | 57.45 | 39.11 | 31.09 | 24.65 | 16.69 | 16.51 | 14.18 | 9.66 | 7.77 | 3.66 | 3.51 | -- | -- |
| Research & Development | 2.60 | 1.38 | 1.53 | 1.03 | 0.83 | 0.39 | 0.41 | 0.56 | 0.45 | 0.45 | 0.60 | 1.40 | 0.86 | 1.07 | 1.04 | 0.87 | 0.62 | 0.73 | 0.77 | 1.16 |
| Selling, General & Admin | 26.74 | 23.51 | 21.78 | 22.21 | 24.08 | 23.32 | 18.56 | 16.61 | 15.64 | 15.53 | 14.73 | 14.25 | 14.51 | 13.89 | 12.89 | 11.97 | 13.70 | 11.70 | 10.73 | 10.44 |
| Total Operating Expenses | 22.48 | 26.06 | 24.61 | 24.43 | 26.22 | 25.01 | 20.02 | 18.25 | 17.29 | 16.85 | 15.97 | 17.16 | 17.33 | 20.24 | 18.97 | 16.94 | 18.48 | (40.20) | 35.12 | 33.41 |
| Operating Income | 58.27 | 62.75 | 51.01 | 42.80 | 34.88 | 38.32 | 39.64 | 39.20 | 21.82 | 14.23 | 8.69 | (0.47) | (0.81) | (6.06) | (9.32) | (9.17) | (14.82) | (13.19) | (14.44) | (15.58) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 3.77 | 6.21 | 6.40 | 6.30 | 6.12 | 5.74 | 5.58 | 4.57 | 3.39 | 3.32 | 3.30 | 3.25 |
| Pretax Income | 57.13 | 61.59 | 47.52 | 40.10 | 33.45 | 34.71 | 36.75 | 35.85 | 18.40 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Tax Provision | 11.80 | 12.22 | 11.09 | 5.88 | 6.55 | (77.18) | 0.84 | 3.79 | 0.60 | 0.00 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Net Income | 45.33 | 49.38 | 36.43 | 34.22 | 26.90 | 111.90 | 35.91 | 32.06 | 17.81 | (17.64) | 2.57 | (6.37) | (6.79) | (12.23) | (14.90) | (13.76) | (25.01) | (16.65) | (17.71) | (18.91) |
| Basic EPS | 0.19 | 0.22 | 0.15 | 0.14 | 0.11 | 0.48 | 0.15 | 0.14 | 0.08 | (0.08) | 0.01 | (0.03) | (0.03) | (0.05) | (0.08) | (0.07) | (0.13) | (0.07) | (0.13) | (0.15) |
| Diluted EPS | 0.19 | 0.20 | 0.15 | 0.14 | 0.11 | 0.45 | 0.15 | 0.13 | 0.08 | (0.08) | 0.01 | (0.03) | (0.03) | (0.05) | (0.08) | (0.07) | (0.13) | (0.07) | (0.13) | (0.15) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 58.25 | 35.64 | 13.29 | 21.14 | (19.67) | 50.22 | 25.03 | 45.65 | (2.22) | 17.60 | 11.99 | (6.06) | (14.72) | (7.38) | (13.28) | (12.83) | (26.01) | (33.47) | (13.41) | (32.26) |
| Capital Expenditures | 2.54 | 1.08 | 14.37 | 2.42 | 4.70 | 2.76 | 1.06 | 2.07 | 2.35 | 1.20 | 0.76 | 0.87 | 1.94 | 3.75 | 3.38 | 3.94 | 2.84 | 3.68 | 2.79 | 4.48 |
| Free Cash Flow* | 55.71 | 34.56 | (1.07) | 18.72 | (24.38) | 47.46 | 23.97 | 43.58 | (4.57) | 16.40 | 11.23 | (6.93) | (16.67) | (11.13) | (16.67) | (16.77) | (28.86) | (37.14) | (16.20) | (36.74) |
| Investing Cash Flow | 2.40 | (0.28) | (14.37) | (2.53) | (4.72) | (2.75) | (1.10) | (2.37) | (2.36) | (1.41) | (0.76) | (0.87) | (1.94) | (3.75) | (3.38) | (3.94) | (2.84) | (3.68) | (2.79) | (4.48) |
| Financing Cash Flow | (10.13) | (9.12) | (27.82) | 0.05 | (7.13) | (31.03) | (25.47) | (0.36) | (1.45) | (38.99) | 0.42 | 0.24 | (0.65) | 62.74 | (0.84) | (0.32) | 47.27 | 53.82 | 8.20 | 17.18 |
* Derived from reported values
