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Adagio Medical Holdings (ADGM)
NASDAQ:ADGM
US Market

Adagio Medical Holdings (ADGM) AI Stock Analysis

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ADGM

Adagio Medical Holdings

(NASDAQ:ADGM)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
$1.00
▼(-7.41% Downside)
Action:ReiteratedDate:03/28/26
The score is primarily constrained by weak financial performance: minimal/zero revenue, persistent losses, and ongoing negative free cash flow with elevated leverage. Technicals provide a partial offset with improving near-term momentum, but valuation is limited by negative earnings and no dividend support.
Positive Factors
Next-generation ULTA shows large procedural benefits
Preclinical evidence of materially faster procedures (50–75% time reduction) and improved handling can drive durable procedural adoption. Reduced OR time and better compatibility with standard labs increase hospital economics and provider uptake, strengthening competitive differentiation over time.
Negative Factors
No commercial revenue and persistent operating losses
Absence of meaningful revenue and negative gross profit indicate the business has not reached commercial scale; persistent operating losses imply the company cannot self-fund operations. This structural weakness increases dependence on external capital and lengthens the time to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Next-generation ULTA shows large procedural benefits
Preclinical evidence of materially faster procedures (50–75% time reduction) and improved handling can drive durable procedural adoption. Reduced OR time and better compatibility with standard labs increase hospital economics and provider uptake, strengthening competitive differentiation over time.
Read all positive factors

Adagio Medical Holdings (ADGM) vs. SPDR S&P 500 ETF (SPY)

Adagio Medical Holdings Business Overview & Revenue Model

Company Description
Adagio Medical Holdings, Inc., a developmental stage medical device company, focuses on the development and commercialization of ablation technologies for the treatment of cardiac arrhythmias. It offers treatment for cardiac arrhythmias, including...
How the Company Makes Money
null...

Adagio Medical Holdings Financial Statement Overview

Summary
Income statement shows negligible revenue (down to zero in 2025) with persistent, deep operating losses and negative gross profit. Balance sheet improved from historically negative equity to positive equity recently, but leverage is elevated (debt exceeds equity in 2025). Cash flow remains consistently negative (ongoing cash burn) despite some improvement in 2025, implying continued reliance on external funding.
Income Statement
8
Very Negative
Balance Sheet
22
Negative
Cash Flow
12
Very Negative
BreakdownTTMDec 2025Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue-143.00K0.00269.00K300.00K189.00K270.00K
Gross Profit-1.07M-684.00K-1.67M-1.01M-686.00K-888.00K
EBITDA-77.03M-21.89M-62.48M-27.41M-23.04M-19.60M
Net Income-74.58M-25.08M-53.76M-38.15M-23.67M-19.94M
Balance Sheet
Total Assets31.55M43.25M48.45M6.83M8.70M21.44M
Cash, Cash Equivalents and Short-Term Investments4.67M17.11M20.59M1.38M5.55M18.85M
Total Debt21.97M21.76M16.27M38.40M9.80M0.00
Total Liabilities32.86M30.85M28.54M138.85M104.57M94.06M
Stockholders Equity-1.31M12.40M19.91M-132.02M-95.88M-72.62M
Cash Flow
Free Cash Flow-23.55M-19.01M-31.11M-25.98M-22.90M-20.58M
Operating Cash Flow-21.99M-19.01M-29.46M-25.65M-22.41M-19.31M
Investing Cash Flow-1.57M-374.00K-1.65M-340.00K-500.00K-1.27M
Financing Cash Flow0.0016.13M15.63M21.88M9.53M130.00K

Adagio Medical Holdings Technical Analysis

Technical Analysis Sentiment
Positive
Last Price1.08
Price Trends
50DMA
1.02
Positive
100DMA
0.98
Positive
200DMA
1.25
Negative
Market Momentum
MACD
0.06
Negative
RSI
67.15
Neutral
STOCH
65.38
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADGM, the sentiment is Positive. The current price of 1.08 is above the 20-day moving average (MA) of 1.07, above the 50-day MA of 1.02, and below the 200-day MA of 1.25, indicating a neutral trend. The MACD of 0.06 indicates Negative momentum. The RSI at 67.15 is Neutral, neither overbought nor oversold. The STOCH value of 65.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for ADGM.

Adagio Medical Holdings Risk Analysis

Adagio Medical Holdings disclosed 65 risk factors in its most recent earnings report. Adagio Medical Holdings reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Adagio Medical Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
$50.17M-0.55129.49%-25.18%-9.71%
47
Neutral
$25.84M-0.69-210.36%-70.54%70.03%
46
Neutral
$12.98M>-0.0120.03%-99.28%-46.17%
44
Neutral
$3.67M-0.55-70.27%-87.84%29.16%
43
Neutral
$12.04M-1.57-335.47%18.76%60.09%
41
Neutral
$17.01M-2.02-279.06%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
ADGM
Adagio Medical Holdings
1.22
0.28
29.79%
CODX
Co-Diagnostics
1.75
-7.85
-81.77%
PAVM
PAVmed
8.67
-13.83
-61.47%
VVOS
Vivos Therapeutics
1.15
-1.96
-63.02%
IINN
Inspira Technologies Oxy BHN
0.39
-0.30
-43.04%
COCH
Envoy Medical
0.65
-0.71
-52.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Mar 28, 2026