Adagene Inc. (ADAG) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q2'25 | Q4'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 | Q2'20 |
|---|
| Total Current Assets | 77.38M | 65.36M | 87.78M | 98.8M | 98.8M | 113.44M | 113.44M | 132.68M | 132.68M | 149.32M | 149.32M | 175.01M | 175.01M | 185.95M | 185.95M | 215.21M | 215.21M | 79.1M | 86.61M | 96.63M |
| Cash & Short-Term Investments | 74.52M | 62.83M | 85.19M | 95.67M | 95.67M | 109.93M | 109.93M | 128.76M | 128.76M | 143.76M | 143.76M | 168.04M | 168.04M | 174.39M | 174.39M | 208.27M | 208.27M | 75.15M | 82.89M | 92.84M |
| Cash Only | 74.52M | 62.83M | 85.19M | 95.67M | 95.67M | 109.93M | 109.93M | 128.76M | 128.76M | 143.76M | 143.76M | 168.04M | 168.04M | 174.39M | 174.39M | 208.27M | 208.27M | 75.15M | 82.89M | 92.84M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 17.35K | 2.45K | 8.31K | 31.42K | 0 | 222.03K | 0 | 393.97K | 0 | 619.43K | 0 | 1.87M | 0 | 7.51M | 3M | 1.55M | 619.18K | 132.4K | 413K | 0 |
| Days Sales Outstanding | 0.12 | - | 17.56 | - | - | 50.08 | - | 4.15 | - | 21.23 | - | 43.38 | - | 54.97 | 47.45 | 72.55 | 49.78 | 147.15 | - | - |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 1.2M | 2.33M | 527.71K | 3.1M | 3.13M | 3.29M | 3.51M | 3.52M | 3.92M | 804.99K | 5.56M | 0 | 6.98M | 2.49M | 8.56M | 0 | 6.32M | 0 | 0 | 3.79M |
| Total Non-Current Assets | 888.13K | 1.15M | 1.49M | 1.98M | 1.98M | 2.29M | 2.29M | 2.62M | 2.62M | 3.08M | 3.08M | 3.54M | 3.54M | 3.56M | 3.56M | 2.65M | 2.65M | 5.17M | 2.47M | 1.7M |
| Property, Plant & Equipment | 862.91K | 1.12M | 1.41M | 1.69M | 1.69M | 2.2M | 2.2M | 2.51M | 2.51M | 2.97M | 2.97M | 3.47M | 3.47M | 3.49M | 3.49M | 2.59M | 2.59M | 2.07M | 1.84M | 1.68M |
| Fixed Asset Turnover | 7.78x | - | 0.07x | - | - | 0.19x | 0.17x | 3.44x | 3.15x | 0.90x | 0.83x | 1.13x | 0.56x | 2.52x | 1.45x | 0.52x | 0.29x | 0.09x | - | 0.09x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 25.22K | 37.44K | 81.39K | 281.88K | 281.88K | 84.89K | 84.89K | 108.92K | 108.92K | 109.57K | 109.57K | 72.8K | 72.8K | 69.28K | 69.28K | 59.57K | 59.57K | 3.1M | 626.39K | 22.83K |
| Total Assets | 78.26M | 66.52M | 89.27M | 100.78M | 100.78M | 115.73M | 115.73M | 135.3M | 135.3M | 152.4M | 152.4M | 178.56M | 178.56M | 189.51M | 189.51M | 217.86M | 217.86M | 84.26M | 89.08M | 98.32M |
| Asset Turnover | 0.11x | - | 0.00x | - | - | 0.00x | 0.00x | 0.06x | 0.06x | 0.02x | 0.02x | 0.02x | 0.01x | 0.05x | 0.02x | 0.01x | 0.00x | 0.00x | - | 0.00x |
| Asset Growth % | -12.33% | -34% | -22.86% | -25.52% | -25.52% | -24.06% | -24.06% | -24.22% | -24.22% | -19.58% | -19.58% | -18.04% | -18.04% | 124.9% | 112.75% | 121.58% | 121.58% | -20.42% | - | - |
| Total Current Liabilities | 25.17M | 28.52M | 38.18M | 39.52M | 39.52M | 31.46M | 31.46M | 38.99M | 38.99M | 55.08M | 55.08M | 56.46M | 56.46M | 29.82M | 29.82M | 29.58M | 29.58M | 16.15M | 10.42M | 10.91M |
| Accounts Payable | 2.88M | 3.63M | 4.24M | 3.37M | 3.37M | 3.09M | 3.09M | 4.48M | 4.48M | 3.67M | 3.67M | 4.67M | 4.67M | 3.32M | 3.32M | 2.83M | 2.83M | 1.81M | 1.21M | 1.16M |
| Days Payables Outstanding | 1.05K | 1.2K | 374.97 | - | - | 668.98 | - | 47.18 | - | 126.78 | - | 216.45 | - | 69.72 | - | 379.58 | - | - | - | - |
| Short-Term Debt | 4.98M | 6.76M | 17.79M | 15.97M | 15.97M | 8.4M | 8.4M | 11.59M | 11.59M | 13.62M | 13.62M | 7.31M | 7.31M | 4.5M | 4.5M | 5.67M | 5.67M | 5.02M | 3.15M | 2.56M |
| Deferred Revenue (Current) | 3.46M | 0 | 0 | 0 | 0 | 0 | 0 | 812.92K | 0 | 15.11M | 0 | 20.18M | 0 | 5.5M | 0 | 11.1M | 0 | 725.54K | 887.36K | 0 |
| Other Current Liabilities | 232.24K | 16.34M | 56.27K | 160.46K | 160.46K | 119.75K | 173.65K | 0 | 2.71M | 111.92K | 15.22M | 0 | 22.43M | 11.62M | 7.3M | 6.41M | 17.51M | 6.2M | 2.77M | 1.06M |
| Current Ratio | 3.07x | 2.29x | 2.30x | 2.50x | 2.50x | 3.61x | 3.61x | 3.40x | 3.40x | 2.71x | 2.71x | 3.10x | 3.10x | 6.24x | 6.24x | 7.28x | 7.28x | 4.90x | 8.31x | 8.85x |
| Quick Ratio | 3.07x | 2.29x | 2.30x | 2.50x | 2.50x | 3.61x | 3.61x | 3.40x | 3.40x | 2.71x | 2.71x | 3.10x | 3.10x | 6.24x | 6.24x | 7.28x | 7.28x | 4.90x | 8.31x | 8.85x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 17.74M | 88.71K | 559.64K | 4.67M | 4.67M | 13.71M | 13.71M | 13.52M | 13.52M | 14.23M | 14.23M | 9.42M | 9.42M | 3.13M | 3.13M | 2.06M | 2.06M | 157.51M | 3.19M | 1.27M |
| Long-Term Debt | 1.14M | 0 | 417.34K | 4.56M | 4.56M | 13.54M | 13.54M | 13.35M | 13.35M | 14.15M | 14.15M | 9.26M | 9.26M | 2.99M | 2.99M | 2M | 2M | 2.97M | 3.14M | 1.27M |
| Capital Lease Obligations | 53.48K | 88.71K | 142.3K | 114.09K | 114.09K | 173.66K | 173.66K | 141.43K | 141.43K | 53.83K | 53.83K | 128.08K | 128.08K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44.16K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 16.55M | 0 | 0 | 0 | 0 | 0 | 0 | 27.68K | 27.68K | 28.72K | 28.72K | 29.8K | 29.8K | 94.11K | 138.27K | 61.92K | 61.92K | 154.54M | 58.74K | 0 |
| Total Liabilities | 42.91M | 28.61M | 38.74M | 44.19M | 44.19M | 45.17M | 45.17M | 52.51M | 52.51M | 69.31M | 69.31M | 65.87M | 65.87M | 32.95M | 32.95M | 31.64M | 31.64M | 173.65M | 13.61M | 12.18M |
| Total Debt | 6.26M | 6.85M | 18.49M | 20.79M | 20.79M | 22.31M | 22.31M | 25.24M | 25.24M | 27.97M | 27.97M | 17M | 17M | 7.49M | 7.49M | 7.67M | 7.67M | 7.98M | 6.28M | 3.84M |
| Net Debt | -68.26M | -55.98M | -66.7M | -74.88M | -74.88M | -87.63M | -87.63M | -103.52M | -103.52M | -115.79M | -115.79M | -151.04M | -151.04M | -166.9M | -166.9M | -200.6M | -200.6M | -67.17M | -76.61M | -89.01M |
| Debt / Equity | 0.18x | 0.18x | 0.37x | 0.37x | 0.37x | 0.32x | 0.32x | 0.30x | 0.30x | 0.34x | 0.34x | 0.15x | 0.15x | 0.05x | 0.05x | 0.04x | 0.04x | - | 0.08x | 0.04x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.68x | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.72x | - | - |
| Interest Coverage | -39.74x | -49.27x | -55.32x | -21.39x | - | -17.10x | - | -4.40x | - | -37.36x | - | - | - | - | - | - | - | -143.38x | -99.62x | - |
| Total Equity | 35.35M | 37.91M | 50.52M | 56.59M | 56.59M | 70.56M | 70.56M | 82.79M | 82.79M | 83.09M | 83.09M | 112.68M | 112.68M | 156.56M | 156.56M | 186.22M | 186.22M | -89.39M | 75.47M | 86.14M |
| Equity Growth % | -30.03% | -33% | -28.4% | -31.65% | -31.65% | -15.08% | -15.08% | -26.53% | -26.53% | -46.93% | -46.93% | -39.49% | -39.49% | 275.14% | 107.45% | 116.19% | 116.19% | -56.8% | - | - |
| Book Value per Share | 0.93 | 1.01 | 1.38 | 1.60 | 1.60 | 2.01 | 2.01 | 2.37 | 2.37 | 2.42 | 2.42 | 3.23 | 3.23 | 4.48 | 4.48 | 6.39 | 6.39 | -2.65 | 2.74 | 3.13 |
| Total Shareholders' Equity | 35.35M | 37.91M | 50.52M | 56.59M | 56.59M | 70.56M | 70.56M | 82.79M | 82.79M | 83.09M | 83.09M | 112.68M | 112.68M | 156.56M | 156.56M | 186.22M | 186.22M | -89.39M | 75.47M | 86.14M |
| Common Stock | 5.92K | 5.89K | 5.89K | 5.55K | 5.55K | 5.55K | 5.55K | 5.56K | 5.56K | 5.5K | 5.5K | 5.66K | 5.66K | 5.63K | 5.63K | 5.64K | 5.64K | 1.89K | 4.37K | 1.62K |
| Retained Earnings | -328.79M | -324.66M | -311.18M | -294.76M | -294.76M | -277.75M | -277.75M | -262.91M | -262.91M | -258.81M | -258.81M | -226.48M | -226.48M | -178.83M | -178.83M | -142.85M | -142.85M | -105.66M | -92.89M | -81.44M |
| Treasury Stock | 0 | 0 | 0 | -4 | -4 | -4 | -4 | -4 | -4 | -4 | -4 | -3.67M | -3.67M | -619.61K | -619.61K | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -1.91M | -1.7M | -526.9K | -1.3M | -1.3M | -1.8M | -1.8M | -1.26M | -1.26M | -849.3K | -849.3K | 190.17K | 190.17K | -93.98K | -93.98K | -153.5K | -153.5K | -350.98K | -559.67K | -2.28M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |