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ADAG — Adagene Inc.

ADAG (Adagene Inc.) stock: $2.00, $132.1M market cap, $127.9M cash, $5.3M EV, $178.2M fully diluted market cap. Data from Fully Diluted's biotech stocks database.

What they do

We also cannot rule out the possibility that certain of our customers may be deemed as CIIOs, or as operators processing important data, in which case our products or services or data processing activities, if being deemed as related to national security, will need to be submitted for cybersecurity review before we can enter into agreements with such customers, and before the conclusion of such procedure, the customers will not be allowed to use our products or services.

Source: 20-F FY2025 via SEC EDGAR

Share price
$2.00
Market cap
$132.1M
Cash
$127.9M
Enterprise value
$5.3M

Balance sheet

Cash$127.9M
Debt$1.1M
Net cash$126.8M
Enterprise value$5.3M
Basic shares66.1M shares
Fully diluted shares89.1M shares
Fully diluted market cap$178.2M
Cash per share$1.94
Quarterly burn$2.3M
Cash runway56.5 quarters

Cash figures as of 2026-06-30. Database snapshot: 2026-11-07.

Share structure

Common
67.1M
Pre-funded warrants
0.0M
Options
12.1M
RSUs
0.5M
Warrants
0.8M
Converts
0.0M
Conv preferred
8.5M
ESPP reserve
—
FDSO
89.1M

Cap table as of 2026-06-30.

Price history

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