Adagene Inc. logo

Adagene Inc.

ADAG

NASDAQHealthcareBiotechnology

Previous close

$4.02

−$0.07 · -1.71%

Aug 21, 4:00 PM ET

ADAG company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

70

Undervalued

Momentum

82

Strong Up

Sentiment

43

Mixed

Risk resilience

48

Elevated Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Adagene Inc. functions as a clinical-stage biopharmaceutical organization, primarily concentrating on the identification, evolution, and fabrication of monoclonal antibody-based therapeutics engineered to combat various types of cancer. The company's developmental pipeline encompasses several investigational assets currently undergoing human trials. Among these is ADG106, a human ligand-blocking agonistic anti-CD137 monoclonal antibody, which is navigating Phase 1b/2 clinical assessment for individuals with advanced solid tumors and non-Hodgkin's lymphoma. Additionally, Adagene is progressing ADG126, a fully-human anti-CTLA-4 mAb, and ADG116, another human ligand-blocking anti-CTLA-4 mAb, both of which are advancing through Phase 1 studies for the treatment of advanced or metastatic solid tumors. Further along, ADG104, an anti-PD-L1 mAb, is in Phase 2 clinical development, and the innovative anti-CSF-1R mAb, ADG125, is undergoing Phase 1 trials. Beyond its clinical-stage programs, the firm also maintains an active preclinical portfolio. This includes ADG206, a masked, Fc engineered anti-CD137 agonistic POWERbody; ADG153, a masked anti-CD47 IgG1 SAFEbody, which is being explored for hematologic and solid tumor indications; ADG138, a novel HER2xCD3 POWERbody designed to target HER2-expressing solid tumors; and ADG152, a CD20xCD3 POWERbody under investigation for its potential to minimize off-tumor toxicities. Adagene Inc. was founded in 2011 and its principal operations are based in Suzhou, China.

Industry
Biotechnology
Sector
Healthcare
Headquarters
CN
CEO
Peter Luo
Listed since
Feb 9, 2021
Employees
128

Market position

Day range

Current $4.02

52-week range

Current $4.02

Open
$4.08
Previous close
$4.09
Volume
61.31K
0.25× average
Average volume
240.53K
Average daily volume
Market cap
151.35M USD
Beta
0.57
Market reference 1
50-day average
$3.8496
+4.43% above average
200-day average
$3.1245
+28.66% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
-8.52×
P/B (TTM)
1.72×
P/S (TTM)
16.25×
Dividend yield
0.00%

Profitability & efficiency

Gross margin
94.22%
Operating margin
-240.31%
Net margin
-220.66%

Financial health

Debt / equity
0.06×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends3594%-10381%-24355%-38329%Gross margin, FY2021: 100.00%Gross margin, FY2022: 100.00%Gross margin, FY2023: 100.00%Gross margin, FY2024: -797.49%Gross margin, FY2025: 100.00%Operating margin, FY2021: -711.18%Operating margin, FY2022: -903.08%Operating margin, FY2023: -130.97%Operating margin, FY2024: -34835.42%Operating margin, FY2025: -279.48%Net margin, FY2021: -719.18%Net margin, FY2022: -860.59%Net margin, FY2023: -104.61%Net margin, FY2024: -32386.45%Net margin, FY2025: -229.56%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 100.00%. Gross margin FY2022 100.00%. Gross margin FY2023 100.00%. Gross margin FY2024 -797.49%. Gross margin FY2025 100.00%. Operating margin FY2021 -711.18%. Operating margin FY2022 -903.08%. Operating margin FY2023 -130.97%. Operating margin FY2024 -34835.42%. Operating margin FY2025 -279.48%. Net margin FY2021 -719.18%. Net margin FY2022 -860.59%. Net margin FY2023 -104.61%. Net margin FY2024 -32386.45%. Net margin FY2025 -229.56%.

Income trends

Revenue

7.67M USD+7332.76%

Operating income

−21.44M USD+40.37%

Net income

−17.61M USD+47.32%
Income trends across reported periods28.31M USD−12.5M USD−53.31M USD−94.12M USDRevenue, FY2021: 10.18M USDRevenue, FY2022: 9.29M USDRevenue, FY2023: 18.11M USDRevenue, FY2024: 103.2K USDRevenue, FY2025: 7.67M USDOperating income, FY2021: −72.36M USDOperating income, FY2022: −83.92M USDOperating income, FY2023: −23.72M USDOperating income, FY2024: −35.95M USDOperating income, FY2025: −21.44M USDNet income, FY2021: −73.18M USDNet income, FY2022: −79.97M USDNet income, FY2023: −18.95M USDNet income, FY2024: −33.42M USDNet income, FY2025: −17.61M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 10.18M USD. Revenue FY2022 9.29M USD. Revenue FY2023 18.11M USD. Revenue FY2024 103.2K USD. Revenue FY2025 7.67M USD. Operating income FY2021 −72.36M USD. Operating income FY2022 −83.92M USD. Operating income FY2023 −23.72M USD. Operating income FY2024 −35.95M USD. Operating income FY2025 −21.44M USD. Net income FY2021 −73.18M USD. Net income FY2022 −79.97M USD. Net income FY2023 −18.95M USD. Net income FY2024 −33.42M USD. Net income FY2025 −17.61M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue7.67M USD103.2K USD18.11M USD9.29M USD10.18M USD
Gross profit7.67M USD−823.04K USD18.11M USD9.29M USD10.18M USD
Research and development22.03M USD28.78M USD36.64M USD81.34M USD68.1M USD
Selling, general, and administrative7.08M USD7.27M USD8.67M USD11.87M USD14.44M USD
Operating expenses29.11M USD36.05M USD41.83M USD93.21M USD82.54M USD
Interest income2.3M USD3.8M USD4.28M USD377.5K USD76.17K USD
Interest expense463.13K USD851.87K USD1.11M USD693.32K USD363.76K USD
Depreciation and amortization589.79K USD926.25K USD1.21M USD1.43M USD1.13M USD
Operating income−21.44M USD−35.95M USD−23.72M USD−83.92M USD−72.36M USD
Net income−17.61M USD−33.42M USD−18.95M USD−79.97M USD−73.18M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
89%
8 beats, 0 misses, 1 met estimate
Average EPS surprise
+37.80%
9 comparable reports
Latest EPS result
-0.23
Estimate -0.23 · Met by 0.00%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.06-0.19-0.33-0.46Q2 '24BeatQ3 '24BeatQ1 '25BeatQ3 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MetQ1 '27Estimate
Q2 2024, reported Apr 2, 2024: actual -0.238, estimate -0.42, surprise +43.45%, Beat. Q3 2024, reported Jul 25, 2024: actual -0.31, estimate -0.41, surprise +24.39%, Beat. Q1 2025, reported Mar 24, 2025: actual -0.29, estimate -0.33, surprise +12.12%, Beat. Q3 2025, reported Aug 12, 2025: actual -0.23, estimate -0.32, surprise +28.13%, Beat. Q1 2026, reported Mar 23, 2026: actual -0.109, estimate -0.19, surprise +42.44%, Beat. Q2 2026, reported Apr 1, 2026: actual -0.07, estimate -0.28, surprise +75.00%, Beat. Q3 2026, reported Aug 12, 2026: actual -0.23, estimate -0.23, surprise 0.00%, Met estimate. Q1 2027, reported Mar 31, 2027: actual —, estimate -0.23, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates18.89M12.62M6.36M87.55KQ3 '23No estimateQ1 '24No estimateQ3 '24EstimateQ1 '25MissQ3 '25EstimateQ1 '26MissQ2 '26No estimateQ3 '26Met
Q3 2023, reported Sep 30, 2023: actual 407.87K USD, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 29, 2024: actual 816K USD, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Jul 25, 2024: actual —, estimate 17.5M USD, surprise —, Comparison unavailable. Q1 2025, reported Mar 24, 2025: actual 103K USD, estimate 17.5M USD, surprise -99.41%, Miss. Q3 2025, reported Aug 12, 2025: actual —, estimate 17.5M USD, surprise —, Comparison unavailable. Q1 2026, reported Mar 23, 2026: actual 7.69M USD, estimate 17.5M USD, surprise -56.04%, Miss. Q2 2026, reported Apr 1, 2026: actual 7.69M USD, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 12, 2026: actual 1.6M USD, estimate 1.6M USD, surprise 0.00%, Met estimate.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$10.00

148.76% upside
Past 12 months12-month forecastHigh $10.00Average $10.00Low $10.00

Rating distribution

5 ratings
Strong buy00%
Buy5100%
Hold00%
Sell00%
Strong sell00%

Recent analyst actions

2 institutions
GuggenheimmaintainBuy

ADAG peers

ETFs holding ADAG

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research ADAG

research.disclaimer