Adagene Inc. (ADAG)

Adagene Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	127.91	74.52	85.19	109.93	143.76	174.39
Short-Term Investments	-	1.32	1.78	-	-	-
Cash & Short-Term Investments	127.91	75.84	86.97	109.93	143.76	174.39
Cash Growth	103.59%	-12.80%	-20.89%	-23.53%	-17.57%	132.05%
Accounts Receivable	0.15	-	-	-	-	3
Other Receivables	-	0.02	0.01	0.22	0.62	4.51
Receivables	0.15	0.02	0.01	0.22	0.62	7.51
Other Current Assets	4.35	1.51	0.8	3.29	4.94	4.06
Total Current Assets	132.41	77.38	87.78	113.44	149.32	185.95
Property, Plant & Equipment	1.11	0.86	1.41	2.2	2.97	3.49
Other Long-Term Assets	0.06	0.03	0.08	0.08	0.11	0.07
Total Assets	133.58	78.26	89.27	115.73	152.4	189.51

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	15.54	2.88	4.24	3.09	3.67	3.32
Accrued Expenses	2.42	13.11	15.95	19.6	22.42	14.7
Short-Term Debt	4.4	4.27	4.87	4.24	10.77	3.12
Current Portion of Long-Term Debt	0.29	0.71	12.92	4.16	2.85	1.38
Current Portion of Leases	0.18	0.09	0.14	0.2	0.15	-
Current Income Taxes Payable	-	0.41	0.01	0.05	-	1.66
Current Unearned Revenue	2.18	3.46	-	-	15.11	5.5
Other Current Liabilities	1.34	0.23	0.06	0.12	0.11	0.14
Total Current Liabilities	26.36	25.17	38.18	31.46	55.08	29.82
Long-Term Debt	1.03	1.14	0.42	13.54	14.15	2.99
Long-Term Leases	0.18	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	27.57	26.36	38.74	45.17	69.31	32.95

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	436.77	366.04	362.22	350.11	342.74	336.1
Retained Earnings	-345.16	-328.79	-311.18	-277.75	-258.81	-178.83
Treasury Stock	-	-	-	-0	-0	-0.62
Comprehensive Income & Other	-2.16	-1.91	-0.53	-1.8	-0.85	-0.09
Total Common Equity	89.45	35.35	50.52	70.56	83.09	156.56
Shareholders' Equity	106	51.9	50.52	70.56	83.09	156.56
Total Liabilities & Equity	133.58	78.26	89.27	115.73	152.4	189.51

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	6.09	6.26	18.49	22.31	27.97	7.49
Net Cash (Debt)	121.82	69.58	68.48	87.63	115.79	166.9
Net Cash Growth	117.62%	1.61%	-21.85%	-24.32%	-30.63%	148.48%
Net Cash Per Share	2.34	1.47	1.52	2.00	2.67	4.17
Filing Date Shares Outstanding	67.14	47.41	47.11	44.16	43.77	43.79
Total Common Shares Outstanding	67.14	47.39	47.11	44.12	43.25	43.68
Working Capital	106.05	52.2	49.59	81.99	94.24	156.13
Book Value Per Share	1.33	0.75	1.07	1.60	1.92	3.58
Tangible Book Value	89.45	35.35	50.52	70.56	83.09	156.56
Tangible Book Value Per Share	1.33	0.75	1.07	1.60	1.92	3.58
Machinery	7.45	7.14	7.04	7.14	7.27	7.29
Leasehold Improvements	0.87	1.05	1.03	1.04	1.06	1.15

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Apr 1, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 18, 2026

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