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Nasdaq · Healthcare

ADMA BIOLOGICS, INC. (ADMA)

As-reported financials and SEC filings for ADMA BIOLOGICS, INC. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ADMA BIOLOGICS, INC.

ADMA Biologics is a U.S.-based biopharmaceutical company that manufactures, markets, and develops specialty biologics for treating immunodeficient patients and others at risk for infectious diseases. Its main products include ASCENIV and BIVIGAM, both intravenous immune globulin therapies approved by the FDA for treating primary immunodeficiency diseases, and Nabi-HB for treating acute exposure to Hepatitis B. The company operates plasma collection centers and a manufacturing facility in Boca Raton, Florida, serving physician specialists who care for immune-compromised patients.

Snapshot

Revenue
$510.2M
Revenue growth (YoY)
19.6%
Net income
$146.9M
Diluted EPS
$0.60
Gross margin
57.4%
Operating margin
37.5%
Net margin
28.8%
FCF margin
5.5%
ROE
30.8%
net income / fiscal-year-end equity
P/E
13.3×
trailing when available, otherwise FY EPS
Market cap
$2.09B
Long-term debt / equity
0.15×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Adma Biologics

  • Revenue grew 19.6% to $510M in FY2025, slower than the 65.2% the year before.
  • Operating margin turned positive at 37.5% in FY2025, from a 72.1% operating loss in FY2021.
  • Most recent quarter Q2 FY2026: revenue $124M, up 2.0% from Q2 FY2025.
  • Free cash flow was $28M in FY2025, 5.5% of revenue.
  • Net income fell 25.7% to $147M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Adma Biologics’s fundamentals sit among the 71 biotech companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin57.4%
31st percentile of 14
Operating margin37.5%
83rd percentile of 31
Net margin28.8%
77th percentile of 32
FCF margin5.5%
52nd percentile of 28
Revenue growth (YoY)+19.6%
51st percentile of 64
ROE30.8%
88th percentile of 61
P/E13.3×
42nd percentile of 20
Long-term debt / equity0.15×
26th percentile of 20
Short interest7.98d
51st percentile of 71

Adma Biologics’s return on equity of 30.8% ranks in the 88th percentile of the 61 biotech companies reporting it.

No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 3 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
3
+7 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
6
6 trimmed, 0 exited
Combined position
$131.2M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$44.1M5.3MAdded
Duquesne Family OfficeQ2 2026$23.3M2.8MAdded
Two Sigma InvestmentsquantQ2 2026$16.9M2.0MReduced
AQR Capital ManagementquantQ2 2026$12.8M1.5MAdded
Citadel AdvisorsquantQ2 2026$11.5M1.4MReduced
Millennium ManagementquantQ2 2026$9.7M1.2MReduced
Renaissance TechnologiesquantQ2 2026$5.5M652.5KReduced
Point72 Asset ManagementquantQ2 2026$3.5M413.9KReduced
Bridgewater AssociatesQ2 2026$3.4M401.1KReduced
Gotham Asset ManagementQ2 2026$617,94973.8KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
0
Reported activity
Quiet
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-05-27
filed 2026-05-28
Grossman Jerrold BDirectorBuy6.4K$7.91$51K
2026-05-12
filed 2026-05-14
Grossman Jerrold BDirectorBuy12.5K$8.01$100K
2026-05-11
filed 2026-05-12
Grossman Jerrold BDirectorBuy12.5K$8.01$100K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
22.7M
settled 2026-08-14
Change vs prior
+3.5%
vs previous settlement
Days to cover
7.98
at avg daily volume
Avg daily volume
2.8M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1422.7M+3.5%7.98
2026-07-3121.9M-8.8%8.83
2026-07-1524.0M-0.8%9.12
2026-06-3024.2M+13.9%5.81
2026-06-1521.3M+7.0%6.49
2026-05-2919.9M-0.5%6.03
2026-05-1520.0M-3.2%2.26
2026-04-3020.7M+7.0%3.22

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$510.2M$426.5M$258.2M$154.1M$80.9M
Gross profit$292.8M$219.6M$88.9M$35.3M$1.2M
Operating income$191.4M$139.0M$21.6M$-39.4M$-58.4M
Net income$146.9M$197.7M$-28.2M$-65.9M$-71.6M
Diluted EPS$0.60$0.81$-0.13$-0.33$-0.51

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$87.6M$103.1M$51.4M$86.5M$51.1M
Current assets$466.5M$331.4M$257.0M$270.4M$208.7M
Total assets$624.2M$488.7M$329.2M$348.5M$276.3M
Current liabilities$69.5M$55.5M$49.8M$39.3M$30.4M
Long-term debt$69.3M$72.3M
Total liabilities$146.9M$139.7M$194.0M$196.5M$135.1M
Total equity$477.3M$349.0M$135.2M$152.0M$141.2M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$50.4M$118.7M$8.8M$-59.5M$-112.4M
Capital expenditure$22.6M$8.2M$4.8M$13.9M$13.5M
Free cash flow$27.8M$110.4M$4.0M$-73.4M$-125.9M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$124.4M2.0%$37.8M$0.16
Q1 FY2026$114.5M-0.3%$45.3M$0.19
Q4 FY2025$139.2M18.4%$49.4M$0.20
Q3 FY2025$134.2M12.0%$36.4M$0.15
Q2 FY2025$122.0M13.8%$34.2M$0.14
Q1 FY2025$114.8M40.2%$26.9M$0.11
Q4 FY2024$117.5M59.1%$111.9M$0.45
Q3 FY2024$119.8M78.1%$35.9M$0.15

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNasdaq
SectorHealthcare
SIC industryBiological Products, (No Diagnostic Substances)
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2006
SEC CIK1368514

Selected SEC filings

10-K2026-02-25
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
8-K2026-08-05
View on EDGAR →
8-K2026-06-02
View on EDGAR →
8-K2026-05-06
View on EDGAR →
8-K2026-05-04
View on EDGAR →

Largest biotech peers

All biotech stocksAll Healthcare companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.