Adma Biologics (ADMA) Cost of Revenue (2011 - 2025)
Adma Biologics (ADMA) posted Cost of Revenue of -$162.2 million for Q4 2025, down 376.84% on a QoQ basis from $58.6 million in Q3 2025, and down 179.55% year-over-year from $203.9 million in Q4 2024.
Adma Biologics (ADMA) Cost of Revenue (2011 - 2025) Analysis & Trends
Adma Biologics' Cost of Revenue history runs 13 years deep, the most recent figure standing at -$162.2 million for 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 was -$162.2 million for Q4 2025 at Adma Biologics, down from $58.6 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $203.9 million in Q4 2024 and bottomed at -$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 slumped 333.42% — and 2024, when it jumped 12786.51%.
- Adma Biologics' Cost of Revenue stood at -$44.6 million in 2021, then surged by 180.26% to $35.8 million in 2022, then jumped by 362.76% to $165.7 million in 2023, then rose by 23.08% to $203.9 million in 2024, then tumbled by 179.55% to -$162.2 million in 2025.
- Business Quant data shows ADMA's Cost of Revenue at -$162.2 million in Q4 2025, $58.6 million in Q3 2025, and $54.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Oculis Holding AG | 67,072.09 Bn | 67,072.09 Bn | - | - |
| 2 | Nanobiotix | 1,894.61 Bn | 1,894.55 Bn | - | - |
| 3 | Akari Therapeutics | 1,014.18 Bn | 1,014.18 Bn | - | - |
| 4 | BeOne Medicines | 471.64 Bn | 466.85 Bn | 1.35 Bn | 167.22 Mn |
| 5 | Vertex Pharmaceuticals | 121.72 Bn | 114.47 Bn | 2.59 Bn | 392.80 Mn |
| 6 | Regeneron Pharmaceuticals | 68.28 Bn | 59.52 Bn | 3.31 Bn | 296.00 Mn |
| 7 | Belite Bio | 61.40 Bn | 61.40 Bn | - | - |
| 8 | Argenx Se | 56.94 Bn | 56.94 Bn | 1.18 Bn | 121.00 Mn |
| 9 | Revolution Medicines | 37.37 Bn | 37.37 Bn | - | - |
| 10 | Adma Biologics | 1.98 Bn | 1.89 Bn | 88.82 Mn | -162.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -162.23 Mn |
| Dec 31, 2025 | -162.23 Mn |
| Sep 30, 2025 | 58.60 Mn |
| Sep 30, 2025 | 58.60 Mn |
| Jun 30, 2025 | 54.76 Mn |
| Jun 30, 2025 | 54.76 Mn |
| Mar 31, 2025 | 1.29 Mn |
| Mar 31, 2025 | 1.29 Mn |
| Dec 31, 2024 | 203.93 Mn |
| Dec 31, 2024 | 203.93 Mn |
| Sep 30, 2024 | 60.18 Mn |
| Sep 30, 2024 | 60.18 Mn |
| Jun 30, 2024 | 942,000.00 |
| Jun 30, 2024 | 942,000.00 |
| Mar 31, 2024 | 1.01 Mn |
| Mar 31, 2024 | 1.01 Mn |
| Dec 31, 2023 | 165.69 Mn |
| Dec 31, 2023 | 165.69 Mn |
| Sep 30, 2023 | 467,000.00 |
| Sep 30, 2023 | 467,000.00 |