---
title: "Adagene (ADAG.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/ADAG.US/norm.md"
symbol: "ADAG.US"
name: "Adagene"
parent: "https://longbridge.com/en/quote/ADAG.US.md"
datetime: "2026-05-20T18:48:31.607Z"
locales:
  - [en](https://longbridge.com/en/quote/ADAG.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/ADAG.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/ADAG.US/norm.md)
---

# Adagene (ADAG.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| EPS | -0.0439 | -0.0439 | -0.1438 | -0.1438 | -0.1788 |
| ROE | -23.38% | -22.56% | -71.10% | -60.96% | -64.97% |
| Revenue | 3.84M | 3.84M | - | - | 51602.00 |
| Net income | -2.07M | -2.07M | -6.74M | -6.74M | -8.21M |
| Operating income | -2.88M | -2.88M | -7.84M | -7.84M | -8.81M |
| Gross margin | 100.00% | 100.00% | - | - | 100.00% |
| Net margin | -53.87% | -53.87% | - | - | -15902.87% |
| Profit quality | - | - | - | - | - |

## Balance Sheet (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| A&L | 78.26M | 78.26M | 66.52M | 66.52M | 89.27M |
| Leverage | 1.51 | 1.51 | 1.75 | 1.75 | 1.77 |
| BVPS | 0.7460 | 0.7460 | 0.8044 | 0.8044 | 1.07 |
| Turnover | 0.0916 | 0.0464 | 0.0012 | 0.0012 | 0.0010 |
| Cash & STI | 75.84M | 75.84M | 62.83M | 62.83M | 86.97M |
| Inv & Rec | - | - | - | - | - |
| LT assets | 862909.00 | 862909.00 | 1.12M | 1.12M | 1.41M |
| Net debt | -69.58M | -69.58M | -55.98M | -55.98M | -68.48M |

## Cash Flow Statement (USD)

| Indicator | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -2.26M | -2.26M | -5.56M | -5.56M | -8.16M |
| Investing CF | 117596.00 | 117596.00 | 120806.00 | 120806.00 | 331443.00 |
| Financing CF | 8.02M | 8.02M | -5.80M | -5.80M | 2.60M |
| Free CF | -805965.00 | -1.46M | -3.74M | -2.18M | -4.09M |
| OCF coverage | -72.19% | -72.19% | -95.76% | -95.76% | -381.62% |
| Repaid & issued | 2.82M | 2.82M | - | - | 1.06M |
| CapEx | -7279.00 | -7279.00 | -1248.00 | -1248.00 | -10516.00 |