ADMA Biologics
Manufactures plasma-derived immune globulins for primary immune deficiency and hepatitis B exposure.
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Profile
Manufactures and markets ASCENIV and BIVIGAM intravenous immune globulins for primary humoral immunodeficiency, plus Nabi-HB for specified hepatitis B exposures. Most revenue comes from ASCENIV; an FDA-licensed Boca Raton plant, seven owned plasma centers, and contracted third-party supply support production.
Manufactures and markets ASCENIV and BIVIGAM, intravenous immune globulins for primary humoral immunodeficiency, and Nabi-HB, a hepatitis B immune globulin for specified exposures. ASCENIV, the principal commercial product, uses patented donor screening and tailored plasma pooling to incorporate high-titer antibodies against respiratory syncytial virus.
BioManufacturing handles fractionation, purification, fill-finish, commercialization, and development at an FDA-licensed facility in Boca Raton, Florida. Plasma Collection Centers operates seven FDA-licensed U.S. centers, supplying internal production and selling some source and hyperimmune plasma to third parties.
Most revenue comes from ASCENIV, and customer concentration is high. Manufacturing depends on continued FDA cGMP compliance at the Boca Raton site and reliable high-titer plasma supply from owned centers and contracted third parties.
Company facts
Key statistics
Year to date −47.7% · Average volume (30d) 2.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 15, 2026 | Mizuho Securities | Target | $24 | $17 | ||
| Jun 10, 2026 | Raymond James | Target | $21 | |||
| May 7, 2026 | Canaccord Genuity | Reiterate | Buy | $21 | $18 | |
| Apr 20, 2026 | Canaccord Genuity | Target | $21 | |||
| Apr 13, 2026 | Mizuho Securities | Target | $14 | $24 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.16 | $0.16 | −2.0% | $125.3M | $124.4M | −0.8% | +8.64% |
| May 6, 2026Q1 FY26 | $0.19 | $0.19 | −1.7% | $140.0M | $114.5M | −18.2% | −15.97% |
| Feb 25, 2026Q4 FY25 | $0.19 | $0.20 | +8.1% | $139.6M | $139.2M | −0.3% | −3.19% |
| Nov 5, 2025Q3 FY25 | $0.16 | $0.16 | 0.0% | $139.8M | $134.2M | −4.0% | −8.72% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $114.8M | $122.0M | $134.2M | $139.2M | $114.5M | $124.4M | |
| Gross profit | $61.1M | $67.2M | $75.6M | $88.8M | $80.8M | $86.3M | |
| Operating income | $34.9M | $42.8M | $51.0M | $62.8M | $50.3M | $52.4M | |
| Net income | $26.9M | $34.2M | $36.4M | $49.4M | $45.3M | $37.8M | |
| Diluted EPS | $0.11 | $0.14 | $0.15 | $0.20 | $0.19 | $0.16 | |
| Gross margin | 53.2% | 55.1% | 56.3% | 63.8% | 70.5% | 69.4% | |
| Operating margin | 30.4% | 35.1% | 38.0% | 45.1% | 43.9% | 42.2% |
Fiscal years (4-quarter sums)FY21 $80.9M · FY22 $154.1M · FY23 $258.2M · FY24 $426.5M · FY25 $510.2M
Revenue by product · FY24
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $136.0M · Total debt $203.8M · Total assets $684.2M · Shareholders' equity $408.2M
Dividends
No dividends on record.
Ownership
Shares outstanding 231.77M · Float 226.72M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 38.36M | 16.55% | 13F | Aug 7, 2026 |
| State Street Corp | 17.12M | 7.38% | 13F | Aug 7, 2026 |
| Invesco Ltd. | 11.79M | 5.00% | 13G | Feb 12, 2026 |
| Vanguard Capital Management LLC | 10.10M | 4.36% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 10.09M | 4.35% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 27, 2026 | Jerrold B. Grossman | director | +6,400 | $7.91 |
| May 12, 2026 | Jerrold B. Grossman | director | +12,500 | $8.01 |
| May 11, 2026 | Jerrold B. Grossman | director | +12,500 | $8.01 |
| Mar 16, 2026 | Adam S. Grossman | director, officer: President and CEO | −21,000 | $15.16 |
| Mar 9, 2026 | Kaitlin M. Kestenberg-Messina | officer: COO and SVP, Compliance | −10,096 | $15.63 |
Peers
- Takeda (ADR)
Largest plasma-derived therapies franchise; Gammagard and HYQVIA lead IG share
- Grifols (ADR)
Spanish plasma major; Flebogamma / Gamunex IVIG, Xembify SCIG, HyperHEP B
- Kamada
Specialty hyperimmune Ig maker; HEPAGAM B and CYTOGAM contest hyperimmune turf
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| ADMA Biologics | $9.52 | +1.82% | $2.16B | 13.3 | 11.6 | 4.2 | +2.0% |
| Takeda (ADR) | $18.49 | +2.53% | $57.37B | 51.0 | 53.7 | 2.0 | +5.8% |
| Grifols (ADR) | $7.69 | 0.00% | $6.51B | 9.9 | — | 0.9 | −4.2% |
| Kamada | $8.29 | +0.12% | $478.3M | 21.9 | 16.4 | 2.5 | +22.7% |
| Median | 21.9 | 35.0 | 2.0 | +5.8% |





