ADMA Biologics Inc logo

ADMA Biologics Inc(ADMA)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
2-STAR RATING
PASS
LAST CLOSE
$9.38
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for ADMA

09/25/2026: ADMA (2-star) is currently NOT-A-BUY. Pass it for now.

ADMA Biologics is a specialized biotechnology company that focuses on developing and marketing plasma-derived therapies for immune-compromised patients. The company has a notable position due to its vertically integrated model, which allows it to control both raw plasma collection and final product manufacturing. Its primary growth story centers on the successful commercial adoption of its key products, BIVIGAM and ASCENIV. Investors must weigh these operational strengths against risks such as intense competition from major global players and execution challenges in complex manufacturing. The stock may best suit growth-oriented investors who can tolerate volatility, while future developments to monitor include plasma supply consistency and continued market share penetration.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorStrong fitThe company is in an active commercial expansion phase with significant revenue growth potential.
Momentum investorStrong fit while signal remains positiveThe stock has shown strong price performance associated with its recent commercial execution.
Value investorMixed fitValuation is often driven by growth expectations rather than current earnings multiples.
Dividend investorWeak fitThe company does not pay dividends, focusing on growth capital.
Low-risk investorWeak fitBiotechnology stocks are inherently volatile due to regulatory and clinical risks.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighBiotech stocks often experience sharp price movements based on news and market sentiment.
Valuation riskMedium / highGrowth expectations are heavily priced in, leaving little room for operational disappointments.
Competition risk (Plasma-derived product competition)HighLarge global players have significant scale advantages in pricing and supply.
Business qualityMediumThe business is improving but still faces execution challenges in a highly regulated industry.
Dividend incomeLow / noneThere is no dividend income for investors.
Execution riskMedium / highMaintaining complex manufacturing processes and plasma supply is essential for operational success.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 126.56%
Avg. Invested days 46
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 5.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
ADMA receives a 4-star rating, supported by solid unit economics, and solid company fundamentals. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
ADMA has solid overall fundamentals (4 stars), with solid financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, solid cash generation (FCF margin 5.5%) and solid revenue growth (+19.6%) are partially offset by negative earnings growth (-25.7%), modest insider ownership of 1.97%.

Financial Health Rating

★★★★★
ADMA's financial health is supported by solid profitability, including gross margin of 57.4% and operating margin of 37.5%. Overall financial-health metrics support a 4-star score.

Growth Momentum Score

★★★★★
Revenue growth is ADMA's strongest growth driver at +19.6% FY2025 versus FY2024 (solid, 4 stars). By comparison, while earnings growth (-25.7%, negative) and free-cash-flow growth (-74.7%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 93.2% and approximately 98.1% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 1.97% provides only moderate management-shareholder alignment.

Top 5 Institutional Investors

BlackRock Inc 16.44%
State Street Corp 6.29%
Vanguard Capital Management, LLC 4.60%
Vanguard Portfolio Management, LLC 3.96%
Capital Research Global Investors 3.91%

Unit Economics (Per $1K Revenue)

★★★★★
ADMA generates approximately $574 of gross profit, $375 of operating income, and $55 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong margins, cash conversion, and capital efficiency support the rating.

Economic Dimensions

★★★★★
Effective Tax Rate: 19.56%

Quantitative Style Profile

★★★★★
ADMA has a high-quality, liquid, relatively low-volatility profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltLow VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 2.10B USD
Price to earnings Ratio 13.4
1Y Target Price 17
Price to earnings Ratio 13.4
1Y Target Price 17
Volume (30-day avg) 2.5M shares
Beta 0.77
52 Weeks Range 7.21 - 20.46
Updated Date 09/25/2026
52 Weeks Range 7.21 - 20.46
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.7

How Company Makes Money

Business areaWhat it includesRetail investor read
Specialty Biologics SalesRevenue from sales of BIVIGAM, ASCENIV, and NABI-HB to hospitals and specialty pharmacies.The primary way the company makes money is by selling life-saving plasma-derived medicines.
Plasma Collection ServicesOperations of ADMA BioCenters providing plasma, some of which may be sold to third parties.The company controls its supply chain by collecting its own raw material.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

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Valuation

Trailing PE 13.4
Forward PE 9.78
Enterprise Value 2.24B
Price to Sales(TTM) 4.1
Enterprise Value 2.24B
Price to Sales(TTM) 4.1
Enterprise Value to Revenue 4.37
Enterprise Value to EBITDA 9.61
Shares Outstanding 223.98M
Shares Floating 219.66M
Shares Outstanding 223.98M
Shares Floating 219.66M
Percent Insiders 1.97
Percent Institutions 93.21

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About ADMA Biologics Inc

Exchange NASDAQ
Headquarters Ramsey, NJ, United States
IPO Launch date 2013-10-17
Co-Founder, President, CEO & Director Mr. Adam S. Grossman
Sector Healthcare
Industry Biotechnology
Full time employees 640
Full time employees 640

ADMA Biologics, Inc., a biopharmaceutical company, develops, manufactures, and markets specialty plasma-derived biologics for the treatment of immune deficiencies and infectious diseases in the United States and internationally. The company operates through ADMA BioManufacturing and Plasma Collection Centers segments. The company offers BIVIGAM, an intravenous immune globulin (IVIG) product indicated for the treatment of primary humoral immunodeficiency (PI); ASCENIV, an IVIG product for the treatment of PI; and Nabi-HB, a human polyclonal antibody product for the treatment of acute exposure to blood containing Hepatitis B surface antigen and other listed exposures to Hepatitis B. It also develops a pipeline of plasma-derived therapeutics comprising products related to the methods of treatment and prevention of S. pneumonia infection for an immunoglobulin. In addition, the company operates source plasma collection facilities. The company sells its products through independent distributors, drug wholesalers, specialty pharmacies, and other alternate site providers. ADMA Biologics, Inc. was incorporated in 2004 and is headquartered in Ramsey, New Jersey.