ADMA Biologics, Inc. (ADMA) Stock Price & Analysis
ADMA Biologics, Inc. (ADMA) closed at USD 11.75 on Thursday, October 29, 2026, up 4.17% on the day. The US market is currently closed (after-hours); this is not a live price.
The prior close was USD 11.28; the Oct 29, 2026 session ranged USD 11.34–11.77 on volume of 2,742,126 shares. Market capitalization is $2.63B, with a 52-week range of USD 7.21–20.46 (NGM). Source: Nexqual, retrieved October 29, 2026 at 20:33 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ADMA.md
Key facts (ADMA)
- Last four reported quarters (through Jun 30, 2026): revenue $512M, net income $169M (33.0% margin), free cash flow $116M (SEC filings).
- Valuation: P/E 15.6x (avg 25.8x at the last 2 fiscal year-ends), EV/EBITDA 11.6x, net debt $60.6M.
- 1 of 80 tracked superinvestors hold ADMA (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Insider open-market purchases, last ~7 months: 3 Form 4 filings, $251K; 3 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (4 analysts), mean target USD 17 (range 12–21).
- Total return with dividends: 1Y -23.1% vs S&P 500 +14.4%; 5Y +810.9% vs S&P 500 +79.1%.
- Next earnings: 2026-11-04, EPS estimate USD 0.2, revenue estimate $138M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ADMA)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $80.9M | $154M | $258M | $426M | $510M | $512M |
| Gross profit | $1.2M | $35.3M | $88.9M | $220M | $293M | — |
| Operating income | -$58.4M | -$39.4M | $21.6M | $139M | $191M | $224M |
| Net income | -$71.6M | -$65.9M | -$28.2M | $198M | $147M | $169M |
| EPS (diluted) | -$0.51 | -$0.33 | -$0.13 | $0.81 | $0.60 | — |
| Free cash flow | -$126M | -$73.4M | $4.0M | $110M | $27.8M | $116M |
| Gross margin | 1.4% | 22.9% | 34.4% | 51.5% | 57.4% | — |
| Operating margin | -72.1% | -25.5% | 8.4% | 32.6% | 37.5% | 43.8% |
| Net margin | -88.5% | -42.8% | -10.9% | 46.4% | 28.8% | 33.0% |
| Revenue growth | +91.7% | +90.4% | +67.6% | +65.2% | +19.6% | — |
| Cash + short-term investments | $51.1M | $86.5M | $51.4M | $103M | $87.6M | — |
| Total debt | $94.9M | $143M | $131M | $72.3M | $72.1M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ADMA)
P/E 15.6x · P/S 5.1x · EV/EBITDA 11.6x · EV/Sales 5.3x · P/FCF 22.6x · P/B 6.5x · FCF yield 4.43% · Earnings yield 6.42% · Buyback yield (TTM) 7.11% · Net debt $60.6M · EV $2.69B
P/E at fiscal year-ends: Dec 2025 30.4x, Dec 2024 21.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (ADMA)
1 of 80 tracked investors hold ADMA. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Terry Smith | Fundsmith | 0.10% | $13.8M | Unchanged |
Insider purchases (SEC Form 4, open-market, last ~7 months) (ADMA)
3 purchases, $251K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-27 | Grossman Jerrold B | Director | 6,400 | $51K | 7.91 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-12 | Grossman Jerrold B | Director | 12,500 | $100K | 8.01 | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-11 | Grossman Jerrold B | Director | 12,500 | $100K | 8.01 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ADMA)
Consensus Buy (mean 2.00 on a 1–5 scale), 4 analysts; mean target USD 17 (low 12, high 21).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-15 | Mizuho | Target lowered | Outperform | $20 → $17 |
Total return (dividends reinvested) (ADMA)
| 1Y (from 2025-10-30) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -23.1% | +810.9% |
| S&P 500 (SPY) | +14.4% | +79.1% |
| Per year | -23.1% | +55.4% |
| Volatility (annualized) | 55.7% | 55.8% |
| Max drawdown | -62.7% (Dec 2025→Jun 2026) | -66.1% (Apr 2025→Jun 2026) |
ADMA earnings history and stock reaction
| Results filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 5, 2026 | Quarter ended Jun 30, 2026 | $0.17 | $0.16 | Beat +6.3% | +12.9% |
| May 6, 2026 | Quarter ended Mar 31, 2026 | $0.17 | $0.20 | Miss −15.0% | -17.4% |
| Feb 25, 2026 | Quarter ended Dec 31, 2025 | $0.22 | $0.20 | Beat +10.0% | -2.2% |
| Jan 12, 2026 | Quarter ended Dec 31, 2025 | $0.22 | $0.20 | Beat +10.0% | -1.4% |
| Nov 5, 2025 | Quarter ended Sep 30, 2025 | $0.16 | $0.16 | In line | -4.1% |
| Aug 6, 2025 | — | — | — | — | -11.7% |
| May 7, 2025 | — | — | — | — | -8.3% |
| Mar 3, 2025 | — | — | — | — | +3.8% |
EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).
ADMA recent SEC filings (last 120 days)
| Filed | Form | What it says |
|---|---|---|
| Aug 7, 2026 | Schedule 13G | STATE STREET CORPORATION, SSGA FUNDS MANAGEMENT, INC.: 7.4% of shares, passive 5%+ holder |
| Aug 5, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 5, 2026 | 8-K | Quarterly results |
Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.
ADMA revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| ADMA Bio Manufacturing | $123.6M | 99.4% | +1.4% |
| Plasma Collection Centers | $723,000 | 0.6% | — |
| Total revenue | $124.4M | 100% | — |
ADMA revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| ASCENIV | $102.9M | 82.7% | +23.5% |
| BIVIGAM | $19.4M | 15.6% | -48.5% |
| Intermediates & Other | $1.3M | 1.0% | +41.4% |
| Total revenue | $124.4M | 100% | — |
ADMA revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $123.3M | 99.1% | +1.1% |
| Non Us | $1.1M | 0.9% | — |
| Total revenue | $124.4M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ADMA suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Grifols Worldwide Operations | “In December 2018, our former contract manufacturer assigned its rights and obligations under the 2011 Plasma Purchase Agreement to Grifols Worldwide Operations Limited ("Grifols") as its successor-in-interest, effective January 2019.” |
| Supplier | ADMA BioManufacturing | “In June 2017, we entered into a Plasma Supply Agreement with our former contract manufacturer, pursuant to which the counterparty supplies, on an exclusive basis subject to certain exceptions, to ADMA BioManufacturing an annual minimum volume of hyperimmune plasma that contain antibodies to the Hepatitis B virus for the manufacture of Nabi-HB.” |
| Customer | Cencora (COR) | “As of December 31, 2024, three customers, BioCare, Healix Infusion Therapy, LLC ("Healix") and Cencora, Inc. (f/k/a AmerisourceBergen Corporation), represented an aggregate of approximately 91% of our consolidated accounts receivable.” |
| Partner | KEDPlasma | “Effective August 6, 2024, we entered into a Plasma Purchase Agreement with KEDPlasma LLC ("KEDPlasma") with a term expiring in July 2031, after which it may be renewed for an additional multi-year period if agreed to by the parties (the "KEDPlasma Agreement").” |
| Partner | Biotest | “Pursuant to our Manufacturing, Supply and License Agreement effective as of December 2012, we granted to Biotest AG ("Biotest") an exclusive license to market and sell ASCENIV in Europe and in certain countries in Northern Africa and the Middle East (the "Territory"), to have access to our testing services for testing of Biotest's plasma samples using our proprietary RSV assay, and to reference (but not access) ou…” |
Quoted from the company's 10-K filed Feb 25, 2026.
ADMA analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.20 | $0.20 | +0.0% | $138.1M | 3 |
| Next quarter (ends Dec 2026) | $0.24 | $0.24 | +1.4% | $158.4M | 3 |
| Current fiscal year (ends Dec 2026) | $0.80 | $0.80 | +0.0% | $535.3M | 3 |
| Next fiscal year (ends Dec 2027) | $0.94 | $0.98 | -4.2% | $629.5M | 3 |
ADMA options: expected move
Options price a move of about ±18.8% (±$2.13) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±7.7% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 94.7% | ±18.8% |
| Dec 18, 2026 | 50 | 45.4% | ±15.4% |
| Jan 15, 2027 | 78 | 80.3% | ±27.2% |
| Feb 19, 2027 | 113 | 59.6% | ±32.3% |
| May 21, 2027 | 204 | 68.5% | ±39.2% |
30-day implied volatility 65% vs 38.9% realized over the last 30 trading days. Put/call ratio (volume) 0.39. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 29, 2026 at 20:33 UTC)
| Price | USD 11.75 |
|---|---|
| Change | ▲ 4.17% (up) |
| Previous Close | USD 11.28 |
| Open | USD 11.37 |
| Day Range | USD 11.34 – 11.77 |
| 52-Week Range | USD 7.21 – 20.46 |
| Volume | 2,742,126 shares |
| Market Cap | $2.63B |
| Exchange | NGM |
Technical Analysis (ADMA)
Nexqual's technical model rates ADMA "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 29, 2026 at 20:33 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 72.57 (overbought) |
| vs SMA50 | Above (USD 9.97) |
| MACD | 0.42 (positive) |
Analyst Ratings (ADMA)
Wall Street analysts rate ADMA "Buy" based on 4 analysts, with a mean price target of USD 17 (range USD 12–21), per Nexqual as of October 29, 2026 at 20:33 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 4 |
| Mean Target | USD 17 |
| High Target | USD 21 |
| Low Target | USD 12 |
| Buy / Hold / Sell | 3 / 1 / 0 |
Earnings (ADMA)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.2 |
| Revenue Estimate | $138.12M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.17 vs est 0.16 ▲ beat |
| 2026-03-31 | USD 0.17 vs est 0.2 ▼ miss |
| 2025-12-31 | USD 0.22 vs est 0.2 ▲ beat |
| 2025-09-30 | USD 0.16 vs est 0.16 ▲ beat |
Source: Nexqual, October 29, 2026 at 20:33 UTC.
Financials & Fundamentals (ADMA)
| Total Revenue | $512.28M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +2.00% |
| Gross Margin | +64.70% |
| Operating Margin | +42.16% |
| Profit Margin | +32.98% |
| ROE | +41.90% |
| Debt / Equity | 0.5 |
| Current Ratio | 6.97 |
| Total Cash | $136.02M |
| Total Debt | $203.84M |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $116.47M (22.7% of revenue) |
Source: Nexqual, October 29, 2026 at 20:33 UTC.
Financial Health Score (ADMA)
Nexqual rates ADMA Biologics, Inc.'s overall financial health "Strong" across five dimensions, as of October 29, 2026 at 20:33 UTC.
| Growth | Strong — Revenue +20% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 65%, operating 44% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Strong — $136M cash and investments vs $197M debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $116M (last 4 quarters to Jun 2026, SEC), 23% margin |
| Efficiency | Strong — ROE 41%, ROA 24.7% (last 4 quarters, SEC) |
Ownership (ADMA)
| Insider Ownership | +1.97% |
|---|---|
| Institutional Ownership | +92.41% |
| Shares Outstanding | 223.98M |
| Float | 219.66M |
| Short % of Float | +10.74% |
Source: Nexqual, October 29, 2026 at 20:33 UTC.
Leadership (ADMA)
ADMA Biologics, Inc. is led by Adam S. Grossman, Co-Founder, President, CEO & Director, per Nexqual as of October 29, 2026 at 20:33 UTC.
| Co-Founder, President, CEO & Director | Adam S. Grossman |
|---|---|
| Co-Founder & Vice Chairman of the Board | Jerrold B. Grossman D.P.S. |
| CFO & Treasurer | P. Terence Kohler |
| COO & Senior VP of Compliance | Kaitlin M. Kestenberg |
| Executive Director of Sales | John Hafl |
Major Backers & Investors (ADMA)
Notable institutional backers of ADMA Biologics, Inc. include First TRT Exch-Trd Fd.-First TRT NYSE Arca Biotechnology Index Fd., Rubric Capital Management LP, Capital Group, according to Nexqual as of October 29, 2026 at 20:33 UTC.
Active Investors
| Investor | Stake |
|---|---|
| First TRT Exch-Trd Fd.-First TRT NYSE Arca Biotechnology Index Fd. | 4.45% |
| Rubric Capital Management LP | 4.17% |
| Capital Group | 3.91% |
| SmallCap World Fund Inc | 3.81% |
| First Trust Advisors LP | 3.48% |
| Caligan Partners, LP | 2.56% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 17.12% |
| Vanguard Group | 9.01% |
| State Street | 7.64% |
| Geode Capital | 2.71% |
Source: Nexqual, October 29, 2026 at 20:33 UTC.
From ADMA Biologics, Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- The end-to-end production cycle can take approximately seven to 12 months for a batch of FDA released drug product.
- In June 2025, we filed our supplemental Biologics License Application ("sBLA") for the expansion of ASCENIV's label to include the pediatric setting for patients who are two years and older and we anticipate potential FDA approval of the sBLA in the first half of fiscal year 2026.
- We are a U.S. based end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics for the treatment of immunodeficient patients at risk for infection and others at risk for certain infectious diseases.
- We anticipate submitting a pre-Investigational New Drug (IND) package to the FDA in fiscal year 2026, which could enable us to progress development of SG-001 directly into a registrational clinical trial.
Partnerships
- Effective October 1, 2024, we entered into an Amended and Restated Plasma Purchase Agreement with Grifols (the "A&R Grifols Agreement") with a term expiring in September 2039, after which it may be renewed for two additional multi-year periods if agreed to by the parties.
- Effective August 6, 2024, we entered into a Plasma Purchase Agreement with KEDPlasma LLC ("KEDPlasma") with a term expiring in July 2031, after which it may be renewed for an additional multi-year period if agreed to by the parties (the "KEDPlasma Agreement").
Legal & Regulatory Risks (Item 1A, quoted)
- Our products, and any additional products for which we may obtain marketing approval in the future, could be subject to post-marketing restrictions or withdrawal from the market and we could be subject to substantial penalties if we fail to comply with regulatory requirements or if we experience unanticipated problems with our products following approval.
- Our ADMA BioCenters operations collect information from donors in the United States that subjects us to consumer and health privacy laws, which could create enforcement and litigation exposure if we fail to meet their requirements.
- We may incur substantial liabilities and may be required to limit commercialization of our products in response to product liability lawsuits.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 20:33 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt