ADMA · NASDAQ · Biotechnology

ADMA Biologics

Manufactures plasma-derived immune globulins for primary immune deficiency and hepatitis B exposure.

$9.52
After-hours close+0.17 (+1.82%)
At close$9.35(−1.37%)
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Profile

ADMA Biologics, Inc.ADMAHealth Care

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

CEOAdam S. Grossman
ListedOct 17, 2013
ExchangeNASDAQ
HeadquartersRamsey, NJ
CountryUnited States
Employees647
CIK0001368514
ISINUS0008991046

Key statistics

Market cap$2.16B
EPS (ttm)$0.7000
P/E (ttm)13.34
ROE39.6%
P/B5.22
P/S4.23
Dividend yield
Beta0.82vs XLV 0.93

Year to date −47.7% · Average volume (30d) 2.3M

Analysts

Price target, next 12 months$18.00+92.7%Median of 10 analysts · vs the Aug 28 close
ConsensusBuy9 of 10 analysts rate it buy or better

Ratings

Target range

Latest analyst notes

DateFirmActionPrior ratingRatingPrior targetTarget
Jul 15, 2026Mizuho SecuritiesTarget$24$17
Jun 10, 2026Raymond JamesTarget$21
May 7, 2026Canaccord GenuityReiterateBuy$21$18
Apr 20, 2026Canaccord GenuityTarget$21
Apr 13, 2026Mizuho SecuritiesTarget$14$24

Earnings

EPS

Estimate$0.19
ReportedDue Nov 4, 2026

Revenue

Estimate$138.1M
ReportedDue Nov 4, 2026

History

Report dateEPS estEPSSurpriseRevenue estRevenueSurpriseNext 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$0.160.0%$139.8M$134.2M−4.0%−8.72%
View details

Financial highlights

12 quartersQ1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 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 margin53.2%55.1%56.3%63.8%70.5%69.4%
Operating margin30.4%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

ADMA BioManufacturing Segment$415.8M · 97%
Plasma Collection Centers Segment$11.3M · 3%

Revenue by geography · Q2 FY26

United States$123.3M · 99%
Non-US$1.1M · 1%

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

Institutions 89.41%207.24M sharesInsiders 2.62%6.06M sharesOther 7.97%18.47M shares

Shares outstanding 231.77M · Float 226.72M · 97.8% free float

Top shareholders13F · 13D/G · Form 4

HolderShares% outstandingFormFiled
BlackRock, Inc.38.36M16.55%13FAug 7, 2026
State Street Corp17.12M7.38%13FAug 7, 2026
Invesco Ltd.11.79M5.00%13GFeb 12, 2026
Vanguard Capital Management LLC10.10M4.36%13FAug 13, 2026
Vanguard Portfolio Management LLC10.09M4.35%13FAug 13, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
May 27, 2026Jerrold B. Grossmandirector+6,400$7.91
May 12, 2026Jerrold B. Grossmandirector+12,500$8.01
May 11, 2026Jerrold B. Grossmandirector+12,500$8.01
Mar 16, 2026Adam S. Grossmandirector, officer: President and CEO−21,000$15.16
Mar 9, 2026Kaitlin M. Kestenberg-Messinaofficer: COO and SVP, Compliance−10,096$15.63
View details

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

CompanyPriceChange
ADMA Biologics$9.52+1.82%$2.16B13.311.64.2+2.0%
Takeda (ADR)$18.49+2.53%$57.37B51.053.72.0+5.8%
Grifols (ADR)$7.690.00%$6.51B9.90.9−4.2%
Kamada$8.29+0.12%$478.3M21.916.42.5+22.7%
Median21.935.02.0+5.8%