Adagene Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	74.52	85.19	109.93	143.76	174.39
Cash & Short-Term Investments	74.52	85.19	109.93	143.76	174.39
Cash Growth	-12.53%	-22.50%	-23.53%	-17.57%	132.05%
Accounts Receivable	-	-	-	-	3
Other Receivables	0.02	0.01	0.22	0.62	4.51
Total Trade Receivables	0.02	0.01	0.22	0.62	7.51
Other Current Assets	2.83	2.58	3.29	4.94	4.06
Total Current Assets	77.38	87.78	113.44	149.32	185.95
Net Property, Plant & Equipment	0.86	1.41	2.2	2.97	3.49
Other Long-Term Assets	0.03	0.08	0.08	0.11	0.07
Total Assets	78.26	89.27	115.73	152.4	189.51
Accounts Payable	13.23	17.43	19.81	22.99	13.79
Accrued Expenses	2.79	2.82	3	3.21	4.38
Short-Term Debt	4.27	4.87	4.24	10.77	3.12
Current Portion of Long-Term Debt	0.71	12.92	4.16	2.85	1.38
Current Portion of Leases	0.09	0.14	0.2	0.15	-
Unearned Revenue	3.46	-	-	15.11	5.5
Other Current Liabilities	0.62	0.01	0.05	-	1.66
Total Current Liabilities	25.17	38.18	31.46	55.08	29.82
Long-Term Debt	1.14	0.42	13.54	14.15	2.99
Long-Term Leases	0.05	0.14	0.17	0.05	-
Other Long-Term Liabilities	-	-	-	0.03	0.14
Total Long-Term Liabilities	1.19	0.56	13.71	14.23	3.13
Total Liabilities	26.36	38.74	45.17	69.31	32.95
Common Stock	0.01	0.01	0.01	0.01	0.01
Treasury Stock	-	-	-0	-0	-0.62
Additional Paid-in Capital	366.04	362.22	350.11	342.74	336.1
Accumulated Other Comprehensive Income	-1.91	-0.53	-1.8	-0.85	-0.09
Retained Earnings	-328.79	-311.18	-277.75	-258.81	-178.83
Total Common Shareholders' Equity	35.35	50.52	70.56	83.09	156.56
Minority Interest	16.55	-	-	-	-
Shareholders' Equity	51.9	50.52	70.56	83.09	156.56
Total Liabilities & Equity	78.26	89.27	115.73	152.4	189.51
Total Debt	6.26	18.49	22.31	27.97	7.49
Net Cash (Debt)	68.26	66.7	87.63	115.79	166.9
Net Cash Growth	2.34%	-23.88%	-24.32%	-30.63%	148.48%
Net Cash Per Share	1.45	1.48	2.00	2.67	4.17
Book Value	35.35	50.52	70.56	83.09	156.56
Book Value Per Share	0.75	1.12	1.61	1.92	3.91
Tangible Book Value	35.35	50.52	70.56	83.09	156.56
Tangible Book Value Per Share	0.75	1.12	1.61	1.92	3.91