ADMA: financial statements from SEC

Income statement

Metric	31/12/2025	31/12/2024
Revenue	510M	426M
Cost of revenue	217M	207M
Gross profit	293M	220M
Research and development	5M	2M
Selling, general and administrative	92M	74M
Operating expenses	101M	81M
Operating income	191M	139M
Pre-tax income	183M	126M
Income tax	36M	−72M
Net income	147M	198M
Earnings per share	0.62	0.85
Earnings per share, diluted	0.60	0.81
Weighted average shares	238M	233M
Weighted average shares, diluted	245M	243M

Metric	31/03/2026	31/12/2025	30/09/2025	30/06/2025	31/03/2025	31/12/2024	30/09/2024	30/06/2024
Cash and equivalents	138M	88M	61M	90M	72M	103M	87M	88M
Receivables	136M	158M	138M	110M	99M	50M	50M	30M
Inventory	222M	206M	197M	191M	172M	170M	172M	180M
Current assets	511M	467M	403M	400M	352M	331M	318M	304M
Property, plant and equipment	65M	65M	70M	58M	58M	55M	54M	54M
Goodwill	4M	4M	4M	4M	4M	4M	4M	4M
Total assets	665M	624M	569M	558M	511M	489M	391M	376M
Current liabilities	74M	70M	56M	75M	53M	56M	45M	44M
Short-term debt	3M	3M	2M	—	—	0	—	—
Long-term debt	194M	69M	70M	—	—	72M	—	—
Total liabilities	275M	147M	138M	160M	137M	140M	159M	188M
Equity	390M	477M	431M	398M	373M	349M	232M	188M
Shares outstanding	232M	238M	238M	239M	239M	237M	236M	233M
Shares issued	241M	240M	240M	239M	239M	237M	236M	233M
Treasury shares	9M	2M	1M	816,237	—	0	—	0

Metric	31/12/2025	31/12/2024
Operating cash flow	50M	119M
Depreciation and amortisation	8M	8M
Share-based compensation	20M	14M
Capital expenditure	23M	8M
Investing cash flow	−22M	−9M
Share buybacks	32M	0
Financing cash flow	−44M	−58M