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Avadel Pharmaceuticals plc (AVDL) 10-Year Financial Performance & Capital Metrics

AVDL • • Industrial / General
HealthcareSpecialty & Generic PharmaSpecialty PharmaceuticalsCNS & Pain Management
AboutAvadel Pharmaceuticals plc operates as a biopharmaceutical company in the United States. Its lead product candidate is FT218, a formulation of sodium oxybate, which is in a Phase 3 clinical trial for the treatment of excessive daytime sleepiness and cataplexy in adults with narcolepsy. The company was formerly known as Flamel Technologies SA and changed its name to Avadel Pharmaceuticals plc in January 2017. Avadel Pharmaceuticals plc was incorporated in 2015 and is headquartered in Dublin, Ireland.Show more
  • Revenue $169M +504.8%
  • EBITDA -$40M +70.8%
  • Net Income -$49M +69.5%
  • EPS (Diluted) -0.51 +74.5%
  • Gross Margin 90.97% -6.2%
  • EBITDA Margin -23.49% +95.2%
  • Operating Margin -25.07% +94.9%
  • Net Margin -28.87% +95.0%
  • ROE -60.44% +87.4%
  • ROIC -76.28% +64.9%
  • Debt/Equity 0.02 -22.8%
  • Interest Coverage -3.91 +71.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Momentum leader: RS Rating 92 (top 8%)
  • ✓Strong 5Y sales CAGR of 23.4%
  • ✓Efficient asset utilization: 1.0x turnover

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Shares diluted 18.7% in last year
  • ✗Expensive at 27.7x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y27.6%
5Y23.35%
3Y-
TTM79.88%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM99.62%

EPS CAGR

10Y-
5Y-
3Y-
TTM100%

ROCE

10Y Avg-24.76%
5Y Avg-52.87%
3Y Avg-78.15%
Latest-34.86%

Peer Comparison

CNS & Pain Management
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Technical
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Sector-Specific
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NBIXNeurocrine Biosciences, Inc.13.3B133.3540.5324.81%15.95%14.25%4.19%0.18
SUPNSupernus Pharmaceuticals, Inc.2.88B50.2638.088.94%-2.8%-1.82%5.94%0.03
PTPIPetros Pharmaceuticals, Inc.338.98K0.01-0.00-12.2%-9.68%-208.53%
QNTMQuantum BioPharma Ltd.26.75M6.96-0.56-379.78%0.08
AYTUAytu BioPharma, Inc.28.12M2.76-1.281.84%-20.52%-56.41%1.21
AQSTAquestive Therapeutics, Inc.407.49M3.34-6.5513.8%-158.95%
AVDLAvadel Pharmaceuticals plc2.11B21.48-42.125.05%-0.11%-0.28%0.02
RGCRegencell Bioscience Holdings Limited14.86B30.06-3455.17-67.02%0.01

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+173.21M150.25M172.74M103.27M59.22M22.33M0027.96M169.12M
Revenue Growth %10.72%-0.13%0.15%-0.4%-0.43%-0.62%-1%--5.05%
Cost of Goods Sold+10.92M13.25M16.3M17.52M12.13M5.74M00846K15.28M
COGS % of Revenue0.06%0.09%0.09%0.17%0.2%0.26%--0.03%0.09%
Gross Profit+162.29M137M156.44M85.75M47.09M16.59M0027.12M153.84M
Gross Margin %0.94%0.91%0.91%0.83%0.8%0.74%--0.97%0.91%
Gross Profit Growth %13.25%-0.16%0.14%-0.45%-0.45%-0.65%-1%--4.67%
Operating Expenses+59.88M92.68M96.74M146.31M71.2M10.78M85.55M98.56M164.97M196.24M
OpEx % of Revenue0.35%0.62%0.56%1.42%1.2%0.48%--5.9%1.16%
Selling, General & Admin21.71M44.18M58.86M100.36M30.18M32.41M68.5M74.52M151.71M181.04M
SG&A % of Revenue0.13%0.29%0.34%0.97%0.51%1.45%--5.43%1.07%
Research & Development25.61M34.61M34.22M39.33M32.92M20.44M17.1M20.7M13.26M15.2M
R&D % of Revenue0.15%0.23%0.2%0.38%0.56%0.92%--0.47%0.09%
Other Operating Expenses0-6.55M2.08M1.9M8.1M-42.07M-53K3.35M00
Operating Income+71.45M-4.96M88.3M-104.93M-24.11M5.82M-85.55M-98.56M-137.85M-42.4M
Operating Margin %0.41%-0.03%0.51%-1.02%-0.41%0.26%---4.93%-0.25%
Operating Income Growth %1.76%-1.07%18.78%-2.19%0.77%1.24%-15.71%-0.15%-0.4%0.69%
EBITDA+84.58M9.52M93.18M-97.5M-21.63M7.5M-84.73M-97.07M-136.08M-39.72M
EBITDA Margin %0.49%0.06%0.54%-0.94%-0.37%0.34%---4.87%-0.23%
EBITDA Growth %2.06%-0.89%8.78%-2.05%0.78%1.35%-12.29%-0.15%-0.4%0.71%
D&A (Non-Cash Add-back)13.13M14.49M4.88M7.43M2.49M1.69M815K1.49M1.77M2.68M
EBIT77.7M-8.76M61.01M-102.58M-26.1M7.91M-83.2M-99.1M-150.89M-38.25M
Net Interest Income+0-963K-1.05M-10.62M-12.48M-12.99M-9.94M-12.34M-9.89M-10.83M
Interest Income0000000000
Interest Expense6.3M963K1.05M10.62M12.48M12.99M9.94M12.34M9.89M10.83M
Other Income/Expense6.26M-4.75M3.15M-8.27M-14.47M-10.9M-7.6M-12.88M-22.93M-6.68M
Pretax Income+78.39M-9.72M91.47M-113.2M-38.58M-5.08M-93.14M-111.44M-160.78M-49.08M
Pretax Margin %0.45%-0.06%0.53%-1.1%-0.65%-0.23%---5.75%-0.29%
Income Tax+37.73M31.56M24.21M-17.89M-5.36M-12.11M-15.82M26.02M-501K-247K
Effective Tax Rate %0.52%4.25%0.74%0.84%0.86%-1.38%0.83%1.23%1%0.99%
Net Income+40.66M-41.28M67.25M-95.3M-33.23M7.03M-77.33M-137.46M-160.28M-48.83M
Net Margin %0.23%-0.27%0.39%-0.92%-0.56%0.31%---5.73%-0.29%
Net Income Growth %1.48%-2.02%2.63%-2.42%0.65%1.21%-12%-0.78%-0.17%0.7%
Net Income (Continuing)41.8M-41.28M68.27M-95.3M-33.23M7.03M-77.33M-137.46M-160.28M-48.83M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+0.93-1.001.61-2.55-0.890.13-1.32-2.29-2.00-0.51
EPS Growth %1.4%-2.08%2.61%-2.58%0.65%1.15%-11.15%-0.73%0.13%0.74%
EPS (Basic)1.00-1.001.66-2.55-0.890.13-1.32-2.29-2.00-0.51
Diluted Shares Outstanding43.62M41.25M41.77M37.33M37.4M54.94M58.53M60.09M80.17M95.14M
Basic Shares Outstanding40.58M41.25M40.47M37.33M37.4M53M58.53M60.09M80.17M95.14M
Dividend Payout Ratio----------

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+166.31M181.19M123.95M124.85M82.38M263.45M192.49M100.84M134.2M134.21M
Cash & Short-Term Investments144.8M154.19M94.08M99.92M64.16M221.4M157.22M96.5M105.11M73.78M
Cash Only65.06M39.22M16.56M9.32M9.77M71.72M50.71M73.98M31.17M51.37M
Short-Term Investments79.74M114.98M77.51M90.59M54.38M149.68M106.51M22.52M73.94M22.41M
Accounts Receivable7.49M17.84M16.51M13.91M11.97M38.78M31.54M2.25M12.1M34.1M
Days Sales Outstanding15.7843.3434.8849.1773.81633.81--157.9873.59
Inventory4.16M3.26M6.16M4.77M3.57M00010.38M20.3M
Days Inventory Outstanding138.8789.76137.8699.4107.47---4.48K484.96
Other Current Assets7.53M2.45M128K4.11M561K2.25M550K573K2.23M882K
Total Non-Current Assets+48.67M64.3M128.15M65.45M69.06M48.18M54.77M31.94M30.5M30.03M
Property, Plant & Equipment2.62M3.32M3M7.8M4.16M2.96M11.49M13.24M13.08M12.86M
Fixed Asset Turnover66.21x45.25x57.56x13.23x14.25x7.54x--2.14x13.16x
Goodwill18.49M18.49M18.49M18.49M18.49M16.84M16.84M16.84M16.84M16.84M
Intangible Assets15.82M22.84M92.29M1.63M813K00000
Long-Term Investments01.77M1.4M8.75M000000
Other Non-Current Assets158K7.53M9.1M5.75M16.17M10.13M2.33M1.87M579K337K
Total Assets+214.98M245.48M252.11M190.3M151.44M311.64M247.26M132.78M164.7M164.24M
Asset Turnover0.81x0.61x0.69x0.54x0.39x0.07x--0.17x1.03x
Asset Growth %0.23%0.14%0.03%-0.25%-0.2%1.06%-0.21%-0.46%0.24%-0%
Total Current Liabilities+48.79M62.42M86.18M38.38M35.98M15.11M21M55.79M36.85M48.83M
Accounts Payable5.05M7.11M7.48M3.5M6.1M2.93M7.68M7.89M11.43M7.33M
Days Payables Outstanding168.71195.75167.4273183.63186.5--4.93K175.08
Short-Term Debt434K268K111K106K645K474K037.67M00
Deferred Revenue (Current)1000K1000K1000K114K000000
Other Current Liabilities32.43M48.33M72.17M29.74M24.7M10M3.52M1.91M11.8M21.01M
Current Ratio3.41x2.90x1.44x3.25x2.29x17.44x9.17x1.81x3.64x2.75x
Quick Ratio3.32x2.85x1.37x3.13x2.19x17.44x9.17x1.81x3.36x2.33x
Cash Conversion Cycle-14.07-62.655.3375.57-2.35----296.33383.47
Total Non-Current Liabilities+98.32M140.99M81.37M149.14M144.65M134.26M148.02M98.14M40.1M41.55M
Long-Term Debt684K547K156K115.73M121.69M128.21M142.4M91.61M00
Capital Lease Obligations00002.32M1.84M1.71M780K1.69M1.12M
Deferred Tax Liabilities1.35M134.26M72.28M0000000
Other Non-Current Liabilities94.37M140.44M81M33.4M20.65M4.21M3.92M5.74M38.41M40.43M
Total Liabilities147.11M203.41M167.54M187.52M180.63M149.37M169.02M153.93M76.96M90.39M
Total Debt+1.12M815K267K115.84M124.65M130.52M145M131.02M2.62M1.7M
Net Debt-63.95M-38.4M-16.3M106.52M114.88M58.8M94.3M57.04M-28.54M-49.67M
Debt / Equity0.02x0.02x0.00x41.67x-0.80x1.85x-0.03x0.02x
Debt / EBITDA0.01x0.09x0.00x--17.39x----
Net Debt / EBITDA-0.76x-4.03x-0.17x--7.84x----
Interest Coverage11.34x-5.16x83.94x-9.88x-1.93x0.45x-8.60x-7.99x-13.94x-3.91x
Total Equity+67.86M42.07M84.56M2.78M-29.2M162.27M78.24M-21.14M87.74M73.85M
Equity Growth %1.73%-0.38%1.01%-0.97%-11.5%6.56%-0.52%-1.27%5.15%-0.16%
Book Value per Share1.561.022.020.07-0.782.951.34-0.351.090.78
Total Shareholders' Equity67.86M42.07M84.56M2.78M-29.2M162.27M78.24M-21.14M87.74M73.85M
Common Stock6.33M414K414K427K429K583K586K628K898K965K
Retained Earnings-279.79M-319.8M-263.7M-357.99M-391.21M-384.19M-447.76M-585.22M-745.5M-794.33M
Treasury Stock00-22.36M-50M-50M00000
Accumulated OCI-22.66M-23.57M-23.27M-23.42M-22.81M-21.05M-23.94M-26.34M-23.17M-24.58M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+84.29M18.9M16.66M-82.72M-38.33M-48.73M-77.31M-70.3M-128.51M-46.91M
Operating CF Margin %0.49%0.13%0.1%-0.8%-0.65%-2.18%---4.6%-0.28%
Operating CF Growth %8.94%-0.78%-0.12%-5.96%0.54%-0.27%-0.59%0.09%-0.83%0.63%
Net Income40.66M-41.28M67.25M-95.3M-33.23M7.03M-77.33M-137.46M-160.28M-48.83M
Depreciation & Amortization13.13M14.49M4.88M7.43M2.49M1.69M815K1.49M1.77M2.68M
Stock-Based Compensation7.74M14.68M8.07M7.85M519K3M8.87M7.01M15.81M20.39M
Deferred Taxes1.42M-4M3.56M-19.15M-6.33M-7.43M-15.67M26.02M00
Other Non-Cash Items26.15M33.7M-69.53M28.17M-4.02M-44.88M2.3M8.09M17.19M-828K
Working Capital Changes-4.81M1.31M2.42M-11.71M2.25M-8.13M3.69M24.54M-3M-20.32M
Change in Receivables-8.11M-10.05M3.08M3.45M1.46M10.49M2.8M30K-10.22M-21.99M
Change in Inventory2.55M1.83M-2.9M711K1.16M-1.35M0-30K-9.53M-9.22M
Change in Payables-3.89M-434K596K-2.03M4.64M-2.79M4.23M-3.11M1.54M-4.09M
Cash from Investing+-31.73M-36.63M-15.7M-36.98M38.72M-69.72M56.93M79.7M-50.09M51.78M
Capital Expenditures-1.63M-1.2M-53.7M-20.18M-29K-98K-26K-716K00
CapEx % of Revenue0.01%0.01%0.31%0.2%0%0%----
Acquisitions----------
Investments----------
Other Investing-779K-36.06M-53.11M-20M154K0080.41M00
Cash from Financing+-23.75M-7.95M-23.32M112.66M-27K179.68M263K14.54M135.34M15.97M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing-25.83M-8.39M-1.36M-4.03M-145K0263K-10.78M27.94M6.72M
Net Change in Cash----------
Free Cash Flow+82.66M17.7M-37.04M-102.89M-38.35M-48.83M-77.34M-71.02M-128.51M-46.91M
FCF Margin %0.48%0.12%-0.21%-1%-0.65%-2.19%---4.6%-0.28%
FCF Growth %7.7%-0.79%-3.09%-1.78%0.63%-0.27%-0.58%0.08%-0.81%0.63%
FCF per Share1.900.43-0.89-2.76-1.03-0.89-1.32-1.18-1.60-0.49
FCF Conversion (FCF/Net Income)2.07x-0.46x0.25x0.87x1.15x-6.93x1.00x0.51x0.80x0.96x
Interest Paid4.74M788K1.05M3.36M6.47M6.47M6.47M000
Taxes Paid42.12M27.18M19.14M776K140K076K000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)87.66%-75.09%106.22%-218.23%-10.56%-64.3%-481.49%-481.35%-60.44%
Return on Invested Capital (ROIC)99.66%-98.15%184.12%-88.64%-18.55%2.84%-32.6%-70.93%-217.45%-76.28%
Gross Margin93.69%91.18%90.56%83.04%79.52%74.29%--96.97%90.97%
Net Margin23.47%-27.47%38.93%-92.29%-56.11%31.47%---573.17%-28.87%
Debt / Equity0.02x0.02x0.00x41.67x-0.80x1.85x-0.03x0.02x
Interest Coverage11.34x-5.16x83.94x-9.88x-1.93x0.45x-8.60x-7.99x-13.94x-3.91x
FCF Conversion2.07x-0.46x0.25x0.87x1.15x-6.93x1.00x0.51x0.80x0.96x
Revenue Growth1072.31%-13.26%14.97%-40.22%-42.66%-62.28%-100%--504.79%

Revenue by Segment

201220142015201620172018201920202024
Reportable--------169.12M
Reportable Growth---------
Vazculep--20.15M39.8M38.19M--10.43M-
Vazculep Growth---97.49%-4.04%----
Akovaz---16.83M80.62M--9.54M-
Akovaz Growth----378.98%----
Bloxiverz-33M150.28M82.9M45.6M--2.2M-
Bloxiverz Growth--355.40%-44.84%-45.00%----
Other Products--108K7.7M8.44M--159K-
Other Products Growth---7028.70%9.64%----
License---------
License Growth---------
Wholesaler Customer-----101.42M59.22M--
Wholesaler Customer Growth-------41.62%--
Dextroamphetamine--1.95M------
Dextroamphetamine Growth---------

Revenue by Geography

201220142015201620172018201920202024
UNITED STATES--172.38M147.28M172.84M-59.22M22.33M-
UNITED STATES Growth----14.56%17.35%---62.28%-
IRELAND--741K2.96M404K1.85M---
IRELAND Growth---299.87%-86.37%356.93%---
FRANCE--89K------
FRANCE Growth---------
Usa3.89M14.3M-------
Usa Growth-267.66%-------
Europe3.31M473K-------
Europe Growth--85.72%-------
United Kingdom and Ireland15.97M--------
United Kingdom and Ireland Growth---------
France2.93M--------
France Growth---------

Frequently Asked Questions

Growth & Financials

Avadel Pharmaceuticals plc (AVDL) reported $248.5M in revenue for fiscal year 2024. This represents a 662% increase from $32.6M in 2011.

Avadel Pharmaceuticals plc (AVDL) grew revenue by 504.8% over the past year. This is strong growth.

Avadel Pharmaceuticals plc (AVDL) reported a net loss of $0.3M for fiscal year 2024.

Dividend & Returns

Avadel Pharmaceuticals plc (AVDL) has a return on equity (ROE) of -60.4%. Negative ROE indicates the company is unprofitable.

Avadel Pharmaceuticals plc (AVDL) generated $35.4M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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