Adagio Medical Holdings (ADGM)
NASDAQ:ADGM
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Adagio Medical Holdings
(NASDAQ:ADGM)
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Rating:45Neutral
Price Target:
$0.73
▼(-32.31% Downside)
Action:Reiterated
Date:05/27/26
The score is held down primarily by very weak financial performance (minimal revenue, ongoing losses, significant cash burn, and rising leverage) and bearish technical momentum (price below key moving averages with negative MACD and weak RSI). Offsetting these negatives, corporate events are constructive with pivotal data and regulatory progress (IDE expansion and PMA filing), but they do not yet resolve near-term financial and trend risks.
Positive Factors
Pivotal FULCRUM‑VT trial results
Robust pivotal efficacy and safety data materially de‑risk the clinical profile. Strong trial outcomes support FDA review, clinician confidence, guideline consideration and reimbursement discussions—durable enablers of adoption and commercial traction if regulatory approval follows.
Negative Factors
Absent revenue and negative gross profit
The company currently lacks meaningful commercial revenue and reports negative gross margins, indicating products or trials do not cover direct costs. This structural absence of sales means operations cannot be self‑funded and the business remains reliant on external capital until proven commercial adoption.
Read all positive and negative factors
Positive Factors
Negative Factors
Pivotal FULCRUM‑VT trial results
Robust pivotal efficacy and safety data materially de‑risk the clinical profile. Strong trial outcomes support FDA review, clinician confidence, guideline consideration and reimbursement discussions—durable enablers of adoption and commercial traction if regulatory approval follows.
Read all positive factors
Adagio Medical Holdings (ADGM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$16.11M
Dividend YieldN/A
Average Volume (3M)152.12K
Price to Earnings (P/E)―
Beta (1Y)-0.28
Revenue Growth-100.00%
EPS Growth100.00%
CountryUS
Employees80
SectorHealthcare
Sector Strength45
IndustryMedical - Devices
Share Statistics
EPS (TTM)-1.39
Shares Outstanding22,210,459
10 Day Avg. Volume84,483
30 Day Avg. Volume152,119
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.39
Price to Sales (P/S)0.00
P/FCF Ratio-0.89
Enterprise Value/Market Cap1.38
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-16.12
Enterprise Value/Ebitda-1.21
Forecast
1Y Price Target
$3.50Price Target Upside224.07% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-1.27
Revenue Forecast (FY)N/A
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
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Adagio Medical Holdings Financial Statement Overview
Summary
Income Statement
8
Very Negative
Balance Sheet
32
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Mar 2025 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 269.00K | 300.00K | 189.00K | 270.00K |
| Gross Profit | -1.38M | -1.65M | -1.67M | -1.01M | -686.00K | -888.00K |
| EBITDA | -18.39M | -20.92M | -62.48M | -27.41M | -23.04M | -19.60M |
| Net Income | -24.37M | -25.08M | -53.76M | -38.15M | -23.67M | -19.94M |
Balance Sheet | ||||||
| Total Assets | 39.31M | 43.25M | 48.45M | 6.83M | 8.70M | 21.44M |
| Cash, Cash Equivalents and Short-Term Investments | 12.91M | 17.11M | 20.59M | 1.38M | 5.55M | 18.85M |
| Total Debt | 24.09M | 21.76M | 16.27M | 38.40M | 9.80M | 0.00 |
| Total Liabilities | 33.58M | 30.85M | 28.54M | 138.85M | 104.57M | 94.06M |
| Stockholders Equity | 5.72M | 12.40M | 19.91M | -132.02M | -95.88M | -72.62M |
Cash Flow | ||||||
| Free Cash Flow | -15.60M | -19.39M | -31.11M | -25.98M | -22.90M | -20.58M |
| Operating Cash Flow | -15.93M | -19.01M | -29.46M | -25.65M | -22.41M | -19.31M |
| Investing Cash Flow | -41.00K | -374.00K | -1.65M | -340.00K | -500.00K | -1.27M |
| Financing Cash Flow | 16.13M | 16.13M | 15.63M | 21.88M | 9.53M | 130.00K |
Adagio Medical Holdings Technical Analysis
Negative
1.08
Price Trends
1.12
Negative
1.05
Negative
1.19
Negative
Market Momentum
-0.11
Positive
29.82
Positive
10.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ADGM, the sentiment is Negative. The current price of 1.08 is above the 20-day moving average (MA) of 0.88, below the 50-day MA of 1.12, and below the 200-day MA of 1.19, indicating a bearish trend. The MACD of -0.11 indicates Positive momentum. The RSI at 29.82 is Positive, neither overbought nor oversold. The STOCH value of 10.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ADGM.
Adagio Medical Holdings Risk Analysis
Adagio Medical Holdings disclosed 78 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
UnderperformOutperform
Sector (51)
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% | |
48 Neutral | $40.31M | -0.40 | -164.92% | ― | -9.46% | 18.03% | |
47 Neutral | $54.05M | -2.10 | 237.04% | ― | 10.38% | 20.70% | |
45 Neutral | $16.11M | -0.66 | -312.04% | ― | -100.00% | 100.00% | |
45 Neutral | $44.89M | ― | -9999.00% | ― | -95.74% | -118.94% | |
44 Neutral | $9.31M | -0.41 | -335.47% | ― | 33.77% | -20.22% |
* Healthcare Sector Average
ADGM
Adagio Medical Holdings
0.72
-0.41
-35.93%
CODX
Co-Diagnostics
8.53
0.87
11.30%
PAVM
PAVmed
6.20
-11.82
-65.60%
VVOS
Vivos Therapeutics
0.70
-1.72
-71.07%
COCH
Envoy Medical
0.71
-0.82
-53.62%
Adagio Medical Holdings Corporate Events
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Adagio Files PMA for Breakthrough Ventricular Ablation System
Positive
May 21, 2026
On May 21, 2026, Adagio Medical Holdings submitted a Premarket Approval application to the U.S. Food and Drug Administration for its vCLAS Ventricular Ablation System, designed to treat drug-refractory, recurrent, sustained monomorphic ventricular...
Business Operations and StrategyProduct-Related Announcements
Adagio Medical Posts Strong Pivotal Results for VT Ablation
Positive
Apr 27, 2026
On April 26, 2026, Adagio Medical reported positive six‑month pivotal results from its FULCRUM‑VT IDE trial of the vCLAS ventricular ablation system in patients with ischemic and non‑ischemic structural heart disease. The study m...
Regulatory Filings and ComplianceShareholder Meetings
Adagio Medical Sets 2026 Annual Meeting, Proposal Deadlines
Neutral
Apr 20, 2026
Adagio Medical Holdings, Inc. has scheduled its 2026 Annual Meeting of Stockholders for June 16, 2026, with the specific time and location to be disclosed in its forthcoming definitive proxy statement. The company has set April 24, 2026, as the re...
Business Operations and StrategyProduct-Related AnnouncementsRegulatory Filings and Compliance
Adagio Medical Expands IDE Trial for Next-Generation vCLAS System
Positive
Apr 8, 2026
On April 8, 2026, Adagio Medical announced that the U.S. Food and Drug Administration granted Investigational Device Exemption approval to expand its FULCRUM-VT trial to study the next-generation vCLAS Ultra-Low Temperature Ablation Ventricular Ab...
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.