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SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
SEGMENTS [Abstract] |
Summarized Financial Information Concerning Reportable Segments | Summarized financial information concerning reportable segments is shown in the following tables:
Three Months Ended March 31, 2025
(in thousands) |  | ADMA BioManufacturing |  |  |  | Plasma Collection Centers |  |  |  | Total |
Revenues | $ | 113,716 |  |  | $ | 1,050 |  |  | $ | 114,766 |
Cost of product revenue |  | 53,057 |  |  |  | 648 |  |  |  | 53,705 |
Research and development |  | 826 |  |  |  | - |  |  |  | 826 |
Plasma center operating expenses |  | - |  |  |  | 1,286 |  |  |  | 1,286 |
Selling, marketing and distribution |  | 6,044 |  |  |  | - |  |  |  | 6,044 |
Depreciation and amortization expense |  | 25 |  |  |  | - |  |  |  | 25 |
General and administrative expense |  | 8,495 |  |  |  | - |  |  |  | 8,495 |
Other expense, net |  | (64 | ) |  |  | - |  |  |  | (64 | )
Income (loss) before taxes |  | 45,205 |  |  |  | (884 | ) |  |  | 44,321 |
Expenditures for additions to long-lived assets |  | 4,699 |  |  |  | 21 |  |  |  | 4,720 |
Total assets |  | 330,091 |  |  |  | 27,644 |  |  |  | 357,735 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  | $ | 114,766 |
License revenue |  |  |  |  |  |  |  |  |  | 36 |
Consolidated revenues |  |  |  |  |  |  |  |  | $ | 114,802 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  |  |  | $ | 6,044 |
Segment general and administrative expense |  |  |  |  |  |  |  |  |  | 8,495 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  |  |  | 9,540 |
Consolidated selling, general and administrative expense |  |  |  |  |  |  |  |  | $ | 24,079 |
Reconciliation of income (loss) before taxes: |  |  |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  | $ | 44,321 |
License revenue |  |  |  |  |  |  |  |  |  | 36 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  |  |  |  |  |  |  | (1,975 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  | 608 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  |  |  | (9,540 | )
Consolidated income before taxes |  |  |  |  |  |  |  |  | $ | 33,450 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  | $ | 357,735 |
Corporate (b) |  |  |  |  |  |  |  |  |  | 152,834 |
Consolidated total assets |  |  |  |  |  |  |  |  | $ | 510,569 |
(a) - Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are not allocated to the Company's operating segments. (b) - Primarily consists of cash and deferred tax assets.
Three Months Ended March 31, 2024
(in thousands) |  | ADMA BioManufacturing |  |  |  | Plasma Collection Centers |  |  |  | Total |
Revenues | $ | 80,113 |  |  | $ | 1,726 |  |  | $ | 81,839 |
Cost of product revenue |  | 40,991 |  |  |  | 1,776 |  |  |  | 42,767 |
Research and development |  | 451 |  |  |  | - |  |  |  | 451 |
Plasma center operating expenses |  | - |  |  |  | 1,005 |  |  |  | 1,005 |
Selling, marketing and distribution |  | 4,431 |  |  |  | - |  |  |  | 4,431 |
Depreciation and amortization expense |  | 193 |  |  |  | - |  |  |  | 193 |
General and administrative expense |  | 5,351 |  |  |  | - |  |  |  | 5,351 |
Other expense, net |  | (30 | ) |  |  | (1 | ) |  |  | (31 | )
Income (loss) before taxes |  | 28,666 |  |  |  | (1,056 | ) |  |  | 27,610 |
Expenditures for additions to long-lived assets |  | 2,330 |  |  |  | 17 |  |  |  | 2,347 |
Total assets |  | 278,331 |  |  |  | 33,990 |  |  |  | 312,321 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  | $ | 81,839 |
License revenue |  |  |  |  |  |  |  |  |  | 36 |
Consolidated revenues |  |  |  |  |  |  |  |  | $ | 81,875 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  |  |  | $ | 4,431 |
Segment general and administrative expense |  |  |  |  |  |  |  |  |  | 5,351 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  |  |  | 5,857 |
Consolidated selling, general and administrative expense |  |  |  |  |  |  |  |  | $ | 15,639 |
Reconciliation of income (loss) before taxes: |  |  |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  | $ | 27,610 |
License revenue |  |  |  |  |  |  |  |  |  | 36 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  |  |  |  |  |  |  | (3,769 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  | 381 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  |  |  | (5,857 | )
Consolidated income before taxes |  |  |  |  |  |  |  |  | $ | 18,401 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  | $ | 312,321 |
Corporate (b) |  |  |  |  |  |  |  |  |  | 38,554 |
Consolidated total assets |  |  |  |  |  |  |  |  | $ | 350,875 |
(a) - Primarily includes compensation expense, including stock-based compensation expense, for certain executive officers and consultants, insurance, legal and investor relations expenses and accounting and tax fees that are not allocated to the Company's operating segments. (b) - Primarily consists of cash and deferred tax assets.
Net Revenues According to Geographic Area | Net revenues according to geographic area, based on the location of where the product is shipped, were as follows:
| Three Months Ended March 31, 2025
|  | ADMA BioManufacturing |  |  |  | Plasma Centers |  |  |  | Total Segment Revenue |  |  |  | License Revenue |  |  |  | Consolidated Revenue |
United States | $ | 110,609 |  |  | $ | 85 |  |  | $ | 110,694 |  |  | $ | 36 |  |  | $ | 110,730 |
International |  | 3,107 |  |  |  | 965 |  |  |  | 4,072 |  |  |  | - |  |  |  | 4,072 |
Total revenues | $ | 113,716 |  |  | $ | 1,050 |  |  | $ | 114,766 |  |  | $ | 36 |  |  | $ | 114,802 |
| Three Months Ended March 31, 2024
|  | ADMA BioManufacturing |  |  |  | Plasma Centers |  |  |  | Total Segment Revenue |  |  |  | License Revenue |  |  |  | Consolidated Revenue |
United States | $ | 76,460 |  |  | $ | 1,495 |  |  | $ | 77,955 |  |  | $ | 36 |  |  | $ | 77,991 |
International |  | 3,653 |  |  |  | 231 |  |  |  | 3,884 |  |  |  | - |  |  |  | 3,884 |
Total revenues | $ | 80,113 |  |  | $ | 1,726 |  |  | $ | 81,839 |  |  | $ | 36 |  |  | $ | 81,875 |

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