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Adagene Inc.

ADAG

$4.15 ▲ +0.03 (+0.73%) at close

9 Visible periods

31 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Moderately Bearish

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Analytical Summary

Adagene Inc. faces fundamental challenges with weakness in Return on Common Equity (%). On the positive side, Debt to Equity remains strong. Investors should exercise caution and monitor for improvement in key metrics.

Market Cap $244.9M

Dividend Yield —

Revenue Growth 7332.8% ↗

Op. Margin -279.5%

ROIC -57.8% ↗

FCF / Share $-0.27 ↗

Trailing P/E —

Price / Book 7.0x

FCF Yield —

Debt / Equity 0.03

info Valuation on last close. End-of-day price, Aug 7, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.67M

↑ +7332.8% —

Net Income Profit after all expenses

$-17.61M

↑ +47.3% —

Operating Margin Operating profit as % of sales

-279.5%

↓ -113.4% 0th

FCF / Share Free cash flow per share

$-0.27

↑ +49.7% —

Long-Term Debt Long-term obligations

$1.14M

↑ +172.7% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability ↓

Returns ↓

Financial Health ↑

Cash Quality ↑

Financial view

Statement lens

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue Growth YoY (%)	7332.8% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+91559%)	-99.4% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1343%)	94.9% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1086%)	-8.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-208%)	1351.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16796%)	46.0% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+475%)	-68.2% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-953%)	—	—
EPS Growth YoY (%)	49.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-68.6% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	76.4% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-1.4% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	45.3% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-142.7% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	-17.0% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	47.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-76.4% Weak ↓ Weak Declining Year-over-year change in net income	76.3% Excellent ↑ Excellent Improving Year-over-year change in net income	-9.3% Weak ↑ Weak Improving Year-over-year change in net income	-72.6% Weak ↑ Weak Improving Year-over-year change in net income	-158.0% Weak Weak Year-over-year change in net income	-7.6% Weak Weak Year-over-year change in net income	—	—
FCF Growth YoY (%)	49.7% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-1.5% Weak ↓ Weak Declining Year-over-year change in free cash flow	42.1% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-3.5% Weak ↑ Weak Improving Year-over-year change in free cash flow	51.5% Excellent ↑ Excellent Improving Year-over-year change in free cash flow	-49.5% Weak Weak Year-over-year change in free cash flow	-27.1% Weak Weak Year-over-year change in free cash flow	—	—
Revenue CAGR 3Y (%)	-6.2% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-78.4% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	195.6% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	168.5% Excellent Excellent Compound annual revenue growth over 3 years	88.8% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	61.4% Excellent ↑ Excellent Improving Compound annual revenue growth over 5 years	-26.5% Weak Weak Compound annual revenue growth over 5 years	64.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Operating Margin (%) (%)	-279.5% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-1963%)	—	-131.0% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-973%)	—	—	—	—	—	—
Effective Tax Rate (%) (%)	1.7% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.1% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-9.8% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	-0.6% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-2.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—
Profit Margin (%) (%)	-229.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-2013%)	—	-104.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-972%)	—	—	—	—	—	—
FCF Margin (%) (%)	-204.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	-157.1% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	-426.7% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—	—	—
FCF / Net Income (x)	0.89x Caution ↓ Caution Declining Free cash flow relative to reported net income Optimal: > 1x	0.89x Caution → Caution Stable Free cash flow relative to reported net income Optimal: > 1x	1.50x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.59x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.67x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.10x Fair Fair Free cash flow relative to reported net income Optimal: > 1x	0.93x Caution Caution Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Return on Invested Capital (%)	-57.8% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-70.5% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-31.0% Weak → Weak Stable Return earned on debt + equity capital invested Optimal: > 10%	-86.8% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-46.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	39.4% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	27.3% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	33.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	-27.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-40.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-20.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-55.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-38.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-51.2% Weak Weak Operating profit relative to total assets Optimal: > 10%	-18.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	-49.8% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-432%)	-66.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-541%)	-26.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-279%)	-96.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-742%)	-46.7% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-412%)	47.4% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+216%)	28.8% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+92%)	37.2% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+148%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Debt to Equity (x)	0.03x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.01x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-99%)	0.19x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	0.17x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.02x Excellent ↑ Excellent Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-97%)	-0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-106%)	-0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-104%)	—	—
Interest Coverage (x)	-53.20x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-46.18x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-21.41x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-121.04x Weak ↑ Weak Improving Operating income divided by interest expense Optimal: > 5x	-198.93x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-213.45x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-138.81x Weak Weak Operating income divided by interest expense Optimal: > 5x	-190.31x Weak Weak Operating income divided by interest expense Optimal: > 5x	—
Net Debt (USD)	$-73.39M	$-84.78M	$-96.39M	$-129.61M	$-171.40M	$-72.19M	$-91.02M	—	—
Debt / EBITDA (x)	-0.05x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.01x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.60x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.17x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.04x Excellent ↑ Excellent Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.07x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.08x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue per Share (USD)	$0.13	$0.00	$0.33	$0.17	$0.20	$0.04	$0.03	$0.10	—
Basic EPS, GAAP (USD)	$-0.30	$-0.59	$-0.35	$-1.48	$-1.46	$-2.67	$-1.10	$-0.94	—
Free Cash Flow per Share (USD)	$-0.27	$-0.53	$-0.52	$-0.90	$-0.87	$-1.79	$-1.20	$-0.94	—
Book Value per Share (USD)	$0.60	$0.86	$1.28	$1.54	$2.87	$-5.38	$-3.75	$-2.71	—
Tangible Book Value per Share (USD)	$0.60	$0.86	$1.28	$1.54	$2.87	$-5.38	$-3.75	$-2.71	—
Basic Weighted Avg Shares (shares)	59.01M	56.29M	54.74M	54.14M	50.03M	15.95M	15.18M	15.16M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Working Capital (USD)	$52.20M	$49.59M	$81.99M	$94.24M	$156.13M	$62.95M	$96.74M	—	—
LT Debt (USD)	$1.14M	$417.34K	$13.54M	$14.15M	$2.99M	$2.97M	$1.52M	—	—
Total Equity (USD)	$35.35M	$50.52M	$70.56M	$83.09M	$156.56M	$-89.39M	$-57.01M	$-41.03M	$-25.65M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Sales/Revenue/Turnover (USD)	$7.67M	$103.20K	$18.11M	$9.29M	$10.18M	$700.91K	$480.00K	$1.51M	—
Depreciation Expense (USD)	$438.86K	$722.95K	$980.05K	$1.15M	$1.13M	$858.41K	$816.69K	$909.00K	—
Net Income, GAAP (USD)	$-17.61M	$-33.42M	$-18.95M	$-79.97M	$-73.18M	$-42.40M	$-16.43M	$-15.27M	—
Operating Cash Flow (USD)	$-15.66M	$-29.70M	$-28.45M	$-48.61M	$-43.41M	$-28.53M	$-18.15M	$-14.26M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 9 years · 9 quarters

Adagene Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

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