Adagene Inc. (ADAG) quarterly cash flow statement — complete operating, investing & financing 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 |
|---|
| Cash from Operations | -4.55M | -11.16M | -23.01M | -6.69M | -6.69M | -15.03M | 0 | -6.71M | -6.71M | 14.9M | 2.4M | 2.86M | 0 | 14.9M | 0 | 0 | 0 | -8.54M | -11.18M | -4.4M |
| Operating CF Margin % | -59.09% | - | -22299.65% | - | - | -3684.37% | - | -77.63% | -77.63% | 555.14% | 89.29% | 72.97% | - | 169.53% | - | - | - | -5009.69% | - | -2845.57% |
| Operating CF Growth % | 80.25% | -66.84% | -53.15% | 0.4% | 0.4% | -200.83% | -100% | -334.5% | - | 0% | - | - | - | 274.49% | 100% | 100% | 100% | -34.25% | - | - |
| Net Income | -4.14M | -13.51M | -24.92M | -8.51M | -8.51M | -7.42M | -7.42M | -2.05M | -2.05M | -16.16M | -16.16M | -23.82M | -23.82M | -17.99M | -17.99M | -18.6M | -18.6M | -12.77M | -11.44M | -9.09M |
| Depreciation & Amortization | 282.32K | 300.33K | 668.28K | 257.97K | 257.97K | 0 | 0 | 315.95K | 315.95K | -654.39K | 0 | 0 | 0 | -654.39K | 0 | 0 | 0 | 211.19K | 229.2K | 209.01K |
| Stock-Based Compensation | 0 | 2.03M | 2.89M | 2.02M | 2.02M | 1.62M | 1.62M | 1.24M | 1.24M | 2.4M | 2.4M | 2.86M | 2.86M | 4.26M | 4.26M | 5.08M | 5.08M | 2.08M | 952.7K | 3.55M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2.54M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.61M | 540.54K | 511.13K | -733.37K | -733.37K | 5.8M | 5.8M | -5.82M | -5.82M | 13.77M | 13.77M | 20.96M | 20.96M | 13.73M | 13.73M | 13.52M | 13.52M | 567.71K | 160.09K | 152.9K |
| Working Capital Changes | -2.29M | 1.51M | -2.17M | 279.29K | 279.29K | 0 | 0 | -391.19K | -391.19K | 10.63M | 0 | 0 | 0 | 10.63M | 0 | 0 | 0 | 1.36M | -1.08M | 780.75K |
| Change in Receivables | 0 | 0 | 213.72K | 0 | 0 | 0 | 0 | 0 | 0 | 480K | 0 | 0 | 0 | 480K | 0 | 0 | 0 | 0 | 0 | 240K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10.82M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -744.1K | -617.06K | 1.15M | 0 | 0 | 0 | 0 | 0 | 0 | -827.13K | 0 | 0 | 0 | -827.13K | 0 | 0 | 0 | 602.67K | 0 | 0 |
| Cash from Investing | 235.97K | 242.2K | 662.88K | 223.62K | 223.62K | 0 | 0 | -15.4K | -15.4K | -5.55M | 0 | 0 | 0 | -5.55M | 0 | 0 | 0 | -360.86K | -335.7K | 3.88M |
| Capital Expenditures | -14.6K | -2.5K | -27.31K | -6.27K | -6.27K | 0 | 0 | -15.48K | -15.48K | 787.53K | 0 | 0 | 0 | 787.53K | 0 | 0 | 0 | -360.75K | -332.49K | -120.98K |
| CapEx % of Revenue | 0.19% | - | 26.46% | - | - | - | - | 0.18% | 0.18% | 29.33% | - | - | - | 8.96% | - | - | - | 211.58% | - | 78.18% |
| Acquisitions | 1.4K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | -229.73K | 229.9K | 229.9K | 0 | 0 | 79 | 80 | -340.08K | 0 | 0 | 0 | -340.08K | 0 | 0 | 0 | -110 | -3.21K | 4.01M |
| Cash from Financing | 16.09M | -11.63M | 5.21M | -1.44M | -718.03K | 0 | 0 | -920.38K | -920.38K | -56.51M | 0 | 0 | 0 | -56.51M | 0 | 0 | 0 | 1.34M | 1.78M | 658.59K |
| Debt Issued (Net) | -629.44K | -11.65M | -3.42M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.45M | 2.25M | 0 |
| Equity Issued (Net) | 16.72M | 15.52K | 7.33M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 1.3M | -1.44M | -718.03K | 0 | 0 | -920.38K | -920.38K | -56.51M | 0 | 0 | 0 | -56.51M | 0 | 0 | 0 | -109.22K | -471.38K | 658.59K |
| Net Change in Cash | 11.69M | -22.37M | -10.48M | -7.13M | -7.13M | -18.83M | -128.76M | -15M | -7.5M | -24.28M | 2.4M | 2.86M | 0 | -46.9M | 0 | 208.27M | -75.15M | -7.74M | 82.56M | 153.91K |
| Free Cash Flow | -4.56M | -11.16M | -23.04M | -6.69M | -6.69M | -15.08M | 0 | -6.73M | -6.73M | 15.69M | 2.4M | 2.86M | 0 | 15.69M | 0 | 0 | 0 | -8.9M | -11.51M | -4.52M |
| FCF Margin % | -59.28% | - | -22326.1% | - | - | -3697.62% | - | -77.81% | -77.81% | 584.47% | 89.29% | 72.97% | - | 178.48% | - | - | - | -5221.27% | - | -2923.74% |
| FCF Growth % | 80.21% | -66.73% | -52.78% | 0.53% | 0.53% | -196.11% | -100% | -335.04% | - | 0% | - | - | - | 276.27% | 100% | 100% | 100% | -37.87% | - | - |
| FCF per Share | -0.12 | -0.30 | -0.63 | -0.19 | -0.19 | -0.43 | - | -0.19 | -0.19 | 0.46 | 0.07 | 0.08 | - | 0.45 | - | - | - | -0.26 | -0.42 | -0.16 |
| FCF Conversion (FCF/Net Income) | 1.10x | 0.83x | 0.92x | 0.79x | 0.79x | 2.03x | - | 3.27x | 3.27x | -0.92x | -0.15x | -0.06x | - | -0.42x | - | - | - | -0.65x | 0.97x | 0.48x |
| Interest Paid | 0 | 0 | 778.51K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 33.95K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |