ADC Therapeutics SA financials
Source: EDGAR filings · Built 2026-06-02T02:14:30Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2023 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -141.44M | -124.70M | -121.90M | -139.00M | — | — |
| EBITDA | -120.79M | -129.32M | -164.80M | -122.28M | — | — |
| Working Capital | 236.17M | 210.78M | 268.62M | 353.04M | — | — |
| Net Debt | -144.26M | -127.90M | -266.95M | -318.78M | — | — |
| Gross Margin | 92.87% | 91.60% | 96.34% | 95.59% | — | — |
| Operating Margin | -149.34% | -184.44% | -240.35% | -164.66% | — | — |
| Net Margin | -175.31% | -222.83% | -347.60% | -209.76% | — | — |
| Return on Equity (ROE) | 76.75% | 77.89% | 161.93% | -197.77% | — | — |
| Return on Assets (ROA) | -44.14% | -49.02% | -67.66% | -32.01% | — | — |
| Current Ratio | 4.37× | 3.62× | 4.97× | 5.31× | — | — |
| Debt-to-Equity | -0.63× | -0.61× | -0.08× | 0.10× | — | — |
| Effective Tax Rate | -0.72% | -0.11% | -20.01% | -0.15% | — | — |
| Cash Conversion Ratio | 0.99× | 0.78× | 0.49× | 0.88× | — | — |
| Accruals Ratio | -0.00× | -0.11× | -0.34× | -0.04× | — | — |
| SBC % of Revenue | 8.49% | 9.27% | 19.54% | 65.84% | — | — |
| CapEx Coverage | -534.75× | -142.83× | -36.90× | -201.33× | — | — |
| Free Cash Flow Per Share | $-1.11 | $-1.28 | $-1.49 | $-1.78 | — | — |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2023 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | — | — | 69.06M | 74.91M | — | — |
| Revenues | 81.36M | 70.84M | 69.56M | 209.91M | — | — |
| Cost of Revenue | 5.80M | 5.95M | 2.53M | 3.30M | — | — |
| Research and Development Expense | 104.00M | 109.63M | 127.13M | 186.46M | — | — |
| Operating Income (Loss) | -121.50M | -130.65M | -165.99M | -123.34M | — | — |
| Income Tax Expense (Benefit) | 1.01M | 166.00K | 39.11M | 227.00K | — | — |
| Net Income (Loss) Attributable to Parent | -142.62M | -157.85M | -240.05M | -157.13M | — | — |
| Earnings Per Share, Basic | $-1.12 | $-1.62 | $-2.94 | $-2.01 | — | — |
| Weighted Average Number of Shares Outstanding, Basic | 127.07M | 97.16M | 81.71M | 78.15M | — | — |
| Earnings Per Share, Diluted | $-1.12 | $-1.62 | $-2.94 | $-2.01 | — | — |
| Weighted Average Number of Shares Outstanding, Diluted | 127.07M | 97.16M | 81.71M | 78.15M | — | — |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2023 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 261.34M | 250.87M | 278.60M | 326.44M | — | — |
| Assets, Current | 306.33M | 291.25M | 336.29M | 434.98M | — | — |
| Assets | 323.15M | 321.98M | 354.78M | 490.86M | — | — |
| Liabilities, Current | 70.16M | 80.47M | 67.67M | 81.94M | — | — |
| Liabilities | 508.98M | 524.62M | 503.03M | 411.41M | — | — |
| Stockholders' Equity Attributable to Parent | -185.83M | -202.64M | -148.25M | 79.45M | — | 154.03M |
| Common Stock, Shares, Outstanding | 125.75M | 98.86M | 82.29M | 80.64M | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2023 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -141.17M | -123.83M | -118.69M | -138.31M | — | — |
| Payments to Acquire Property, Plant, and Equipment | 264.00K | 867.00K | 3.22M | 687.00K | — | — |
| Net Cash Provided by (Used in) Investing Activities | 395.00K | -867.00K | -3.22M | -687.00K | — | — |
| Net Cash Provided by (Used in) Financing Activities | 150.94M | 97.05M | 73.88M | -897.00K | — | — |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -29.74M | -31.12M | -110.31M | -80.69M | -56.60M | -21.94M |
| EBITDA | — | -17.92M | -30.97M | -43.78M | -28.12M | -32.09M |
| Working Capital | 209.14M | 236.17M | 225.10M | 254.16M | 200.19M | 210.78M |
| Net Debt | -114.32M | -144.26M | -232.68M | -261.51M | -185.43M | -127.90M |
| Operating Margin | -126.02% | -77.71% | -196.63% | -244.11% | -163.55% | -191.82% |
| Net Margin | -164.57% | -27.80% | -260.10% | -313.22% | -221.80% | -181.71% |
| Return on Equity (ROE) | 15.24% | 3.45% | 17.20% | 28.44% | 16.20% | 15.16% |
| Return on Assets (ROA) | -11.31% | -1.98% | -14.14% | -17.62% | -14.16% | -9.54% |
| Current Ratio | 4.09× | 4.37× | 4.63× | 4.93× | 4.46× | 3.62× |
| Debt-to-Equity | -0.54× | -0.63× | -0.01× | -0.02× | -0.04× | -0.61× |
| Effective Tax Rate | 0.00% | 5.93% | 0.00% | -2.26% | -0.43% | 1.03% |
| Cash Conversion Ratio | 0.90× | 4.86× | 2.69× | 1.42× | 1.46× | 0.71× |
| Accruals Ratio | -0.01× | 0.08× | 0.24× | 0.07× | 0.07× | -0.03× |
| SBC % of Revenue | 12.19% | 2.92% | 39.57% | 23.40% | 13.91% | 9.56% |
| CapEx Coverage | -928.44× | — | -416.86× | -304.63× | -213.39× | -242.80× |
| Free Cash Flow Per Share | $-0.19 | $-0.24 | $-0.81 | $-0.71 | $-0.53 | $-0.23 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/S | 6.20× | 5.97× | 6.61× | 4.28× | 2.02× | 2.82× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 20.03M | — | 15.75M | 18.09M | 17.40M | — |
| Revenues | 20.85M | 23.06M | 16.43M | 18.84M | 23.03M | 16.91M |
| Research and Development Expense | 19.88M | 18.18M | 26.80M | 30.09M | 28.93M | 27.10M |
| Operating Income (Loss) | -25.25M | -17.92M | -30.97M | -44.15M | -28.46M | -32.44M |
| Income Tax Expense (Benefit) | 0 | -404.00K | 0 | 1.25M | 165.00K | -321.00K |
| Net Income (Loss) Attributable to Parent | -32.97M | -6.41M | -40.97M | -56.65M | -38.60M | -30.73M |
| Earnings Per Share, Basic | $-0.21 | $0.02 | $-0.30 | $-0.50 | $-0.36 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Basic | 154.14M | 127.07M | 136.45M | 113.74M | 107.20M | 97.16M |
| Earnings Per Share, Diluted | $-0.21 | $0.02 | $-0.30 | $-0.50 | $-0.36 | $-0.27 |
| Weighted Average Number of Shares Outstanding, Diluted | 154.14M | 127.07M | 136.45M | 113.74M | 107.20M | 97.16M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 231.01M | 261.34M | 234.74M | 264.56M | 194.70M | 250.87M |
| Assets, Current | 276.77M | 306.33M | 287.15M | 318.75M | 257.99M | 291.25M |
| Assets | 291.50M | 323.15M | 289.76M | 321.56M | 272.54M | 321.98M |
| Liabilities, Current | 67.63M | 70.16M | 62.04M | 64.60M | 57.79M | 80.47M |
| Liabilities | 507.87M | 508.98M | 527.94M | 520.75M | 510.76M | 524.62M |
| Stockholders' Equity Attributable to Parent | -216.38M | -185.83M | -238.18M | -199.18M | -238.22M | -202.64M |
| Common Stock, Shares, Outstanding | 127.17M | 125.75M | 112.63M | 112.50M | 99.18M | 98.86M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -29.71M | -31.12M | -110.05M | -80.42M | -56.33M | -21.85M |
| Payments to Acquire Property, Plant, and Equipment | 32.00K | 0 | 264.00K | 264.00K | 264.00K | 90.00K |
| Net Cash Provided by (Used in) Investing Activities | -32.00K | 659.00K | -264.00K | -264.00K | -264.00K | -90.00K |
| Net Cash Provided by (Used in) Financing Activities | -583.00K | 57.09M | 93.86M | 94.05M | 271.00K | -1.12M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (ADCT CIK 0001771910),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.