What is ADMA Biologics's R&D?

ADMA Biologics (ADMA) reported R&D of $2.6M in Q1 2026.

How has ADMA Biologics's R&D changed year-over-year?

ADMA Biologics's R&D increased by 214.4% year-over-year, from $826K to $2.6M.

What is the long-term trend for ADMA Biologics's R&D?

Over 4 years (2021 to 2025), ADMA Biologics's R&D has grown at a 6.9% compound annual growth rate (CAGR), from $3.65M to $4.76M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

ADMA Biologics ADMA R&D

R&D at other companies

AbCellera Biologics Inc.ABCL

$46.66M+9.8%

AnaptysBio, Inc.ANAB

$33.99M-17.5%

ZymeworksZYME

$34.46M-3.6%

Bio-Rad LaboratoriesBIO

$62.9M-14.4%

Apogee Therapeutics, Inc.APGE

$60.82M+31.1%

BiohavenBHVN

$103.83M-44.7%

Segments

By segment

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ADMA Bio Manufacturing$2.6M+214%

Plasma Collection Centers$0—

Other financials

Income statement

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Revenue$114.5M-0.3%

Gross profit$80.8M+32.2%

Operating income$58.3M+67.1%

Net income$45.3M+68.5%

EPS (diluted)$0.19+72.7%

Balance sheet

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Cash & equivalents$138.2M+92.9%

Total debt$204.4M+2,055%

Total equity$390.3M+4.5%

Total assets$665.2M+30.3%

Cash flow

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Operating cash flow$58.2M+396%

CapEx$2.5M-45.9%

Free cash flow$55.7M+329%

Valuation

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Market cap$2.01B-54.5%

Enterprise value$2.08B-52.5%

P/E12.2×-9.2×

P/S4×-5.7×

Profitability

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Gross margin61.3%+8.7pp

Operating margin42.1%+9.0pp

Net margin32.4%-12.6pp

FCF margin21.2%+1.4pp

Returns & leverage

See full

Return on equity43.3%-35.2pp

Debt / equity0.5×+0.5×

Current ratio7×+0.4×

Where this comes from

Reported directly by ADMA Biologics in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: ADMA Biologics’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ADMA Biologics's R&D?: ADMA Biologics (ADMA) reported R&D of $2.6M in Q1 2026.
How has ADMA Biologics's R&D changed year-over-year?: ADMA Biologics's R&D increased by 214.4% year-over-year, from $826K to $2.6M.
What is the long-term trend for ADMA Biologics's R&D?: Over 4 years (2021 to 2025), ADMA Biologics's R&D has grown at a 6.9% compound annual growth rate (CAGR), from $3.65M to $4.76M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.