Adagene Inc. (ADAG)

Adagene Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	62.83	85.19	109.93	143.76	174.39	75.15
Cash & Short-Term Investments	62.83	85.19	109.93	143.76	174.39	75.15
Cash Growth	-34.33%	-22.50%	-23.53%	-17.57%	132.05%	-25.25%
Accounts Receivable	-	-	-	-	3	-
Other Receivables	0	0.01	0.22	0.62	4.51	0.13
Receivables	0	0.01	0.22	0.62	7.51	0.13
Other Current Assets	2.53	2.58	3.29	4.94	4.06	3.81
Total Current Assets	65.36	87.78	113.44	149.32	185.95	79.1
Property, Plant & Equipment	1.12	1.41	2.2	2.97	3.49	2.07
Other Long-Term Assets	0.04	0.08	0.08	0.11	0.07	3.1
Total Assets	66.52	89.27	115.73	152.4	189.51	84.26
Accounts Payable	3.63	4.24	3.09	3.67	3.32	1.81
Accrued Expenses	18.1	15.95	19.6	22.42	14.7	8.45
Short-Term Debt	2.1	4.87	4.24	10.77	3.12	3.83
Current Portion of Long-Term Debt	4.54	12.92	4.16	2.85	1.38	1.18
Current Portion of Leases	0.13	0.14	0.2	0.15	-	-
Current Income Taxes Payable	0	0.01	0.05	-	1.66	-
Current Unearned Revenue	-	-	-	15.11	5.5	0.73
Other Current Liabilities	0.03	0.06	0.12	0.11	0.14	0.15
Total Current Liabilities	28.52	38.18	31.46	55.08	29.82	16.15
Long-Term Debt	-	0.42	13.54	14.15	2.99	2.97
Long-Term Leases	0.09	0.14	0.17	0.05	-	-
Long-Term Unearned Revenue	-	-	-	0.03	0.09	0.09
Long-Term Deferred Tax Liabilities	-	-	-	-	0.04	-
Total Liabilities	28.6	38.74	45.17	69.31	32.95	19.2
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	364.25	362.22	350.11	342.74	336.1	23.79
Retained Earnings	-324.65	-311.18	-277.75	-258.81	-178.83	-105.66
Treasury Stock	-	-	-0	-0	-0.62	-
Comprehensive Income & Other	-1.7	-0.53	-1.8	-0.85	-0.09	-7.52
Total Common Equity	37.91	50.52	70.56	83.09	156.56	-89.39
Shareholders' Equity	37.91	50.52	70.56	83.09	156.56	65.06
Total Liabilities & Equity	66.52	89.27	115.73	152.4	189.51	84.26
Total Debt	6.85	18.49	22.31	27.97	7.49	7.98
Net Cash (Debt)	55.98	66.7	87.63	115.79	166.9	67.17
Net Cash Growth	-25.25%	-23.88%	-24.32%	-30.63%	148.48%	-31.44%
Net Cash Per Share	1.20	1.48	2.00	2.67	4.17	5.26
Filing Date Shares Outstanding	47.13	47.11	44.16	43.77	43.79	43.52
Total Common Shares Outstanding	47.13	47.11	44.12	43.25	43.68	13.28
Working Capital	36.85	49.59	81.99	94.24	156.13	62.95
Book Value Per Share	0.80	1.07	1.60	1.92	3.58	-6.73
Tangible Book Value	37.91	50.52	70.56	83.09	156.56	-89.39
Tangible Book Value Per Share	0.80	1.07	1.60	1.92	3.58	-6.73
Machinery	7.06	7.04	7.14	7.27	7.29	5.35
Leasehold Improvements	1.04	1.03	1.04	1.06	1.15	0.92

Updated Mar 24, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q