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. In the quarter to June 2026, revenue fell 33.5%, EPS fell 15.4%, free cash flow fell 12.9% and total debt rose 46.6%, each against the same quarter a year earlier. Insiders bought in the last twelve months.
Follow ADGM
Adagio Medical Holdings, Inc. (ADGM) Piotroski F-score
Adagio Medical Holdings, Inc.'s Piotroski F-score for fiscal 2024 cannot be worked out: needs three fiscal years.
Piotroski F-score, annual
Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|
How fiscal 2024’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | (271.53%) | — | Fail | 0 |
| Positive operating cash flow | (29.46m) | (25.65m) | Fail | 0 |
| Rising return on assets | (271.53%) | — | n/a | — |
| Cash flow above net income | 45.58m | 10.94m | Pass | 1 |
| Falling long-term leverage | 0.58 | — | n/a | — |
| Rising current ratio | 3.27 | 0.11 | Pass | 1 |
| No new shares issued | 15,589,000 | 760,000 | Fail | 0 |
| Rising gross margin | (451.16%) | (335.33%) | Fail | 0 |
| Rising asset turnover | 0.02 | — | n/a | — |
| Piotroski F-score | n/a — needs three fiscal years | — | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| XAIR Beyond Air, Inc. compare | 5 |
| NXL Nexalin Technology, Inc. compare | 5 |
| ICCM IceCure Medical Ltd. compare | 4 |
| IVF INVO Fertility, Inc compare | 4 |
| BIOLQ Biolase, Inc. compare | 3 |
| VJET Flyte Aviation, Inc. compare | 3 |
| BJDX Bluejay Diagnostics, Inc. compare | — |
| NUVOQ Holdco Nuvo Group D.G Ltd. compare | — |
| ADGM Adagio Medical Holdings, Inc. | — |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover