Adma Biologics (ADMA) Cost of Revenue (2011 - 2026)
Adma Biologics' (ADMA) quarterly Cost of Revenue came in at -$162.2 million in Q4 2025, down 179.55% YoY from $203.9 million in Q4 2024, and down 376.84% on a QoQ basis from $58.6 million in Q3 2025.
Analysis
Adma Biologics (ADMA) Cost of Revenue (2011 - 2026) Analysis & Trends
Adma Biologics (ADMA) has 13 years of Cost of Revenue data on file, last reported at -$162.2 million in Q4 2025.
- Quarterly Cost of Revenue fell 179.55% year-over-year to -$162.2 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$47.6 million (down 117.88% YoY) and the FY2025 annual result came in at $4.8 million, down 97.66% from the prior year.
- Cost of Revenue eased to -$162.2 million in Q4 2025, from $58.6 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $203.9 million in Q4 2024 to a low of -$162.2 million in Q4 2025.
- A 5-year average of $22.1 million and a median of $3.0 million in 2021 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2021 — Cost of Revenue tumbled 333.42% — and 2024, when it jumped 12786.51%.
- Tracing ADMA's Cost of Revenue over 5 years: stood at -$44.6 million in 2021, then soared by 180.26% to $35.8 million in 2022, then surged by 362.76% to $165.7 million in 2023, then grew by 23.08% to $203.9 million in 2024, then sank by 179.55% to -$162.2 million in 2025.
- The last three Cost of Revenue figures came in at -$162.2 million (Q4 2025), $58.6 million (Q3 2025), and $54.8 million (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Vertex Pharmaceuticals | 139.31 Bn | 131.46 Bn | 2.84 Bn | 489.20 Mn |
| 2 | Regeneron Pharmaceuticals | 85.65 Bn | 77.66 Bn | 3.93 Bn | 360.70 Mn |
| 3 | Argenx Se | 63.46 Bn | 58.27 Bn | 1.37 Bn | 145.00 Mn |
| 4 | Moderna | 57.94 Bn | 52.80 Bn | 52.00 Mn | 93.00 Mn |
| 5 | Revolution Medicines | 44.05 Bn | 44.05 Bn | - | - |
| 6 | BeOne Medicines | 39.96 Bn | 34.86 Bn | 1.53 Bn | 174.53 Mn |
| 7 | Alnylam Pharmaceuticals | 35.16 Bn | 31.85 Bn | 992.69 Mn | 298.26 Mn |
| 8 | Royalty Pharma | 28.44 Bn | 27.60 Bn | - | - |
| 9 | Insmed | 27.32 Bn | 26.16 Bn | 358.27 Mn | 67.21 Mn |
| 10 | Adma Biologics | 2.18 Bn | 2.04 Bn | 86.28 Mn | 38.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.12 Mn |
| Mar 31, 2026 | 33.74 Mn |
| Dec 31, 2025 | 50.35 Mn |
| Sep 30, 2025 | 58.60 Mn |
| Jun 30, 2025 | 54.76 Mn |
| Mar 31, 2025 | 53.71 Mn |
| Dec 31, 2024 | 54.22 Mn |
| Sep 30, 2024 | 60.18 Mn |
| Jun 30, 2024 | 49.74 Mn |
| Mar 31, 2024 | 42.77 Mn |
| Dec 31, 2023 | 42.82 Mn |
| Sep 30, 2023 | 42.62 Mn |
| Jun 30, 2023 | 700,000.00 |
| Mar 31, 2023 | 40.40 Mn |
| Dec 31, 2022 | 35.80 Mn |
| Sep 30, 2022 | 31.43 Mn |
| Jun 30, 2022 | 26.14 Mn |
| Mar 31, 2022 | 25.44 Mn |
| Dec 31, 2021 | 22.87 Mn |
| Sep 30, 2021 | 20.30 Mn |