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
Short-Term Investments	1.32	1.78	-	-	-
Cash & Short-Term Investments	75.84	86.97	109.93	143.76	174.39
Cash Growth	-12.80%	-20.89%	-23.53%	-17.57%	132.05%
Accounts Receivable	-	-	-	-	3
Other Receivables	0.02	0.01	0.22	0.62	4.51
Receivables	0.02	0.01	0.22	0.62	7.51
Other Current Assets	1.51	0.8	3.29	4.94	4.06
Total Current Assets	77.38	87.78	113.44	149.32	185.95
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	2.88	4.24	3.09	3.67	3.32
Accrued Expenses	13.11	15.95	19.6	22.42	14.7
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	-
Current Income Taxes Payable	0.41	0.01	0.05	-	1.66
Current Unearned Revenue	3.46	-	-	15.11	5.5
Other Current Liabilities	0.23	0.06	0.12	0.11	0.14
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	-
Long-Term Unearned Revenue	-	-	-	0.03	0.09
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04
Total Liabilities	26.36	38.74	45.17	69.31	32.95
Common Stock	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	366.04	362.22	350.11	342.74	336.1
Retained Earnings	-328.79	-311.18	-277.75	-258.81	-178.83
Treasury Stock	-	-	-0	-0	-0.62
Comprehensive Income & Other	-1.91	-0.53	-1.8	-0.85	-0.09
Total Common Equity	35.35	50.52	70.56	83.09	156.56
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)	69.58	68.48	87.63	115.79	166.9
Net Cash Growth	1.61%	-21.85%	-24.32%	-30.63%	148.48%
Net Cash Per Share	1.47	1.52	2.00	2.67	4.17
Filing Date Shares Outstanding	47.41	47.11	44.16	43.77	43.79
Total Common Shares Outstanding	47.39	47.11	44.12	43.25	43.68
Working Capital	52.2	49.59	81.99	94.24	156.13
Book Value Per Share	0.75	1.07	1.60	1.92	3.58
Tangible Book Value	35.35	50.52	70.56	83.09	156.56
Tangible Book Value Per Share	0.75	1.07	1.60	1.92	3.58
Machinery	7.14	7.04	7.14	7.27	7.29
Leasehold Improvements	1.05	1.03	1.04	1.06	1.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.