Adagio Medical Holdings, Inc.

ADGM

Healthcare Medical Devices

Adagio Medical Holdings, Inc.’s revenue for fiscal 2024 (year ended December 2024) was $602,000.00, up 100.7% from fiscal 2023.

Revenue
−33.5%
EPS
−15.4%
Free cash flow
−12.9%
Total debt
+46.6%

Quarter to June 2026, against a year earlier

0.06 0.00 0.00%
Market cap
$1.8M
P/E
n/m
Fwd P/E
—
Dividend yield
—
F-score
n/a
ROIC
−74.6%
Net debt / EBITDA
−0.2×
Dividend safety
n/a

Insider Decisions last twelve months

Net bought
$243.9K
Trades
0 sells · 2 buys
Ownership
0.00%

Capital & Financial Ratios $m

Size
Market Cap 2
Revenue ttm 1
Net income ttm (27)
Free cash flow ttm (17)
Net debt Q 17
Valuation
P/E n/m
Forward P/E —
Price / sales 2.2
Forward P/S Powerpack
Price / FCF n/m
Price / book n/m
Financial health
Current ratio Q 1.4
Debt / equity Q n/m
Interest coverage Q (6.1)
Growth
Revenue growth Q −33.5% (below 0%: shrinking)
Operating income growth Q −4.6% (below 0%: shrinking)
EPS, this year +27.8% (at or above 15%: strong)
EPS, next year A −6.4% (below 0%: weak)
Revenue, next year A —
EPS, past 5 yrs —
EPS, next 5 yrs A +4.3%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1 21 17 8
Receivables 0 0 — —
Inventory 3 3 2 2
Other 0 0 0 0
5 25 20 11
2023 2024 2025 Q'26
Payables 4 3 1 1
ST’ Debt — — — —
Other 3 1 — —
47 8 8 8

Compound Annual Growth %

10y 5y 3y
Sales — — —
Cash Flow — 0.00% 0.00%
Earnings — 0.00% 0.00%
Book Value — 0.00% 0.00%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.31) (0.30) — — —
’25 (0.51) (0.35) (0.66) (0.21) (1.51)
’24 (10.28) (7.35) (0.27) (3.76) (4.81)
’23 0.04 0.10 (22.48) (25.81) (48.14)
’22 (0.06) (0.05) 0.15 0.24 0.29
’21 (0.06) (0.04) (1.36) (0.34) (1.81)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — — — — —
’24 0 0 0 0 1
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (5) — — —
’25 (7) (5) (3) (4) (19)
’24 (7) (7) (9) (7) (29)
’23 0 0 (18) (7) (26)
’22 0 0 0 0 0
’21 (1) 0 0 0 (1)
’20 — 0 — 0 0
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (4) (5) — — —
’25 (8) (5) (4) (4) (19)
’24 (7) (7) (9) (8) (31)
’23 0 0 (18) (7) (26)
’22 0 0 0 0 0
’21 (1) 0 0 0 (1)
’20 — 0 — 0 0
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — — — — — — 0 1 — 1 +100.7% — — — —
Gross margin, % — — — — — — — (335.33) (451.16) 0.00 0.00 +335.3 pt
EBT — — — 0 0 (7) 1 (37) (75) (25) (27) +250.6%
EBT margin, % — — — 0.00 0.00 0.00 0.00 (12,196.67) (12,465.28) 0.00 0.00 0.0 pt
Net income — 0 — 0 0 (7) 1 (37) (75) (25) (27) n/m
Per share, $
Per share, $ Revenue — — — — 0.00 0.00 0.00 0.39 0.04 0.00 0.00 n/m
Earnings — — — — 0.00 (1.81) 0.29 (48.14) (4.81) (1.51) (1.43) n/m
Cash flow — — — 0.00 0.00 (0.29) (0.13) (33.75) (1.89) (1.15) (0.74) n/m
Capex — — — — 0.00 0.00 0.00 (0.45) (0.11) (0.02) 0.00 n/m
Free cash flow — — — 0.00 0.00 (0.29) (0.13) (34.20) (2.00) (1.17) (0.75) n/m
Book value — — — 0.00 0.00 (2.84) (2.31) (53.36) 1.28 0.75 (0.02) n/m
Shares, m — — — — 19 4 4 1 16 17 19 (2.9%)
Valuation, ×
Valuation, × P/E — — — — — — — 0.00 0.00 — 0.00 0.0
P/S — — — — — — — 0.00 27.19 — 2.21 13.6
P/B — — — — — — — 0.00 0.82 — 0.00 0.4
EV/Sales — — — — — — — 0.00 19.70 — 30.61 9.8
EV/FCF — — — — — — — (0.27) (0.38) — (1.11) (0.3)
Cash, $m
Cash, $m Operating cash flow — — — 0 0 (1) 0 (26) (29) (19) (17) n/m
Capex — — — — — — — 0 (2) 0 0 +4.9%
Free cash flow — — — 0 0 (1) 0 (26) (31) (19) (17) n/m
Balance, $m
Balance, $m Working capital — — — 0 0 (5) (6) (42) 18 12 3 n/m
Net debt — — — — — (1) 0 (1) (5) 4 17 n/m
Shareholders’ equity — — — 0 0 (10) (9) (41) 20 12 0 n/m
Returns, %
Returns, % ROA — — — (63.53) (31.76) (8.72) 0.71 (46.14) (271.53) (54.71) (77.80) +8.8 pt
ROIC — — — 0.00 0.00 0.00 0.00 0.00 (341.51) (83.74) (74.60) (83.7) pt
ROE — — — 100.00 100.00 127.31 (11.27) 52.02 133.87 (155.25) (657.76) (255.3) pt
People
People Employees — — — — — — — — 71 41 — (42.3%)
Revenue/emp, $m — — — — — — — 0.00 0.01 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2024 · latest quarter Dec 2024 · fundamentals updated 26 Oct 2026

Adagio Medical Holdings, Inc. vs peers in Medical Devices (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
BJDX Bluejay Diagnostics, Inc. $2.6M — (loss-making) — (loss-making) — n/m +20.05% (above 0%: growing) 0.00% 0.00% Compare
IVF INVO Fertility, Inc $2.6M — (loss-making) — (loss-making) +16.73% (above 0%: growing) n/m +35.07% (above 0%: growing) 35.06% (59.28%) Compare
CODX Co-Diagnostics, Inc. $2.4M — (loss-making) — (loss-making) +1.96% (above 0%: growing) n/m +17.47% (above 0%: growing) 72.73% (3,733.17%) Compare
ICCM IceCure Medical Ltd. $2.3M — (loss-making) — (loss-making) −0.69% (below 0%: shrinking) n/m +3.88% (above 0%: growing) 32.38% (466.19%) Compare
NUVOQ Holdco Nuvo Group D.G Ltd. $2.1M — (loss-making) — — n/m −1.05% (below 0%: shrinking) 0.00% 0.00% Compare
ADGM Adagio Medical Holdings, Inc. $1.8M — (loss-making) — −33.50% (below 0%: shrinking) n/m −12.86% (below 0%: shrinking) 0.00% 0.00%
NXL Nexalin Technology, Inc. $1.7M — (loss-making) — (loss-making) −82.72% (below 0%: shrinking) n/m −97.23% (below 0%: shrinking) 72.95% (18,420.49%) Compare
GCTK GlucoTrack, Inc. $1.7M — (loss-making) — (loss-making) +342.48% (above 0%: growing) n/m +3.42% (above 0%: growing) 0.00% 0.00% Compare
DHAI DIH Holding US, Inc. $1.6M — (loss-making) — −30.67% (below 0%: shrinking) n/m −167.90% (below 0%: shrinking) 50.33% (33.62%) Compare
Median of peers $2.2M — — +0.64% — +3.65% 33.72% (46.45%)

All 149 Medical Devices stocks →

Pay and ownership Proxy statement filed 13 October 2026

Ownership

Directors and executive officers, together 8.87%
Entities affiliated with Perceptive Advisors LLC 47.98%
Alyeska Master Fund, L.P. 9.26%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Adagio Medical Holdings, Inc. (ADGM) Latest News

27 Mar

20 Jan

11 Dec

Impact 3 · · Business WireMedTech DiveGuruFocus.comMedical Device NetworkGuruFocus.comMT Newswires

15 May

Impact 4 · · Business Wire
stockrow.com/ADGM · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com