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SEGMENTS (Tables) | 9 Months Ended
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Sep. 30, 2025
SEGMENTS [Abstract] |
Summarized Financial Information Concerning Reportable Segments | Summarized financial information concerning reportable segments is shown in the following tables:
Three Months ended September 30, 2025 |
(in thousands) |  | ADMA BioManufacturing |  |  | Plasma Collection Centers |  |  | Total |
Revenues |  | $ | 134,188 |  |  | $ | - |  |  | $ | 134,188 |
Cost of product revenue |  |  | 58,406 |  |  |  | 192 |  |  |  | 58,598 |
Research and development |  |  | 1,528 |  |  |  | - |  |  |  | 1,528 |
Plasma center operating expenses |  |  | - |  |  |  | 1,272 |  |  |  | 1,272 |
Selling, marketing and distribution |  |  | 8,150 |  |  |  | - |  |  |  | 8,150 |
Amortization of intangible assets |  |  | 38 |  |  |  | - |  |  |  | 38 |
General and administrative expense |  |  | 14,585 |  |  |  | - |  |  |  | 14,585 |
Other expense, net |  |  | (21 | ) |  |  | - |  |  |  | (21 | )
Income (loss) before taxes |  |  | 51,460 |  |  |  | (1,464 | ) |  |  | 49,996 |
Expenditures for additions to long-lived assets |  |  | 14,652 |  |  |  | 292 |  |  |  | 14,944 |
Total assets |  |  | 403,917 |  |  |  | 27,028 |  |  |  | 430,945 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  |  | $ | 134,188 |
License revenue |  |  |  |  |  |  |  |  |  |  | 36 |
Consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 134,224 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  | $ | 8,150 |
Segment general and administrative expense |  |  |  |  |  |  |  | 14,585 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | (959 | )
Consolidated selling, general and administrative expense |  |  | $ | 21,776 |
Reconciliation of income before taxes: |  |  |  |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  |  | $ | 49,996 |
License revenue |  |  |  |  |  |  |  |  |  |  | 36 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  | (1,675 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  |  | 376 |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  | (2,177 | )
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | 959 |
Consolidated income before taxes |  |  |  |  |  |  | $ | 47,515 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  |  | $ | 430,945 |
Corporate (b) |  |  |  |  |  |  |  |  |  |  | 137,742 |
Consolidated total assets |  |  |  |  |  |  |  |  |  | $ | 568,687 |
(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.
Nine Months ended September 30, 2025 |
(in thousands) |  | ADMA BioManufacturing |  |  | Plasma Collection Centers |  |  | Total |
Revenues |  | $ | 369,852 |  |  | $ | 1,050 |  |  | $ | 370,902 |
Cost of product revenue |  |  | 166,220 |  |  |  | 841 |  |  |  | 167,061 |
Research and development |  |  | 3,386 |  |  |  | - |  |  |  | 3,386 |
Plasma center operating expenses |  |  | - |  |  |  | 3,710 |  |  |  | 3,710 |
Selling, marketing and distribution |  |  | 17,827 |  |  |  | - |  |  |  | 17,827 |
Amortization of intangible assets |  |  | 93 |  |  |  | - |  |  |  | 93 |
General and administrative expense |  |  | 44,688 |  |  |  | - |  |  |  | 44,688 |
Other expense, net |  |  | (195 | ) |  |  | - |  |  |  | (195 | )
Income (loss) before taxes |  |  | 137,443 |  |  |  | (3,501 | ) |  |  | 133,942 |
Expenditures for additions to long-lived assets |  |  | 21,366 |  |  |  | 263 |  |  |  | 21,629 |
Total assets |  |  | 403,917 |  |  |  | 27,028 |  |  |  | 430,945 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  |  | $ | 370,902 |
License revenue |  |  |  |  |  |  |  |  |  |  | 108 |
Consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 371,010 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  | $ | 17,827 |
Segment general and administrative expense |  |  |  |  |  |  |  | 44,688 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | 5,553 |
Consolidated selling, general and administrative expense |  |  |  |  |  |  | $ | 68,068 |
Reconciliation of income (loss) before taxes: |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  |  | $ | 133,942 |
License revenue |  |  |  |  |  |  |  |  |  |  | 108 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  | (5,484 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  |  | 1,384 |
Loss on extinguishment of debt |  |  |  |  |  |  |  |  |  |  | (3,336 | )
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | (5,553 | )
Consolidated income before taxes |  |  |  |  |  |  |  |  |  | $ | 121,061 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  |  | $ | 430,945 |
Corporate (b) |  |  |  |  |  |  |  |  |  |  | 137,742 |
Consolidated total assets |  |  |  |  |  |  |  |  |  | $ | 568,687 |
(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 September 30, 2024 |
(in thousands) |  | ADMA BioManufacturing |  |  | Plasma Collection Centers |  |  | Total |
Revenues |  | $ | 117,719 |  |  | $ | 2,084 |  |  | $ | 119,803 |
Cost of product revenue |  |  | 58,156 |  |  |  | 2,024 |  |  |  | 60,180 |
Research and development |  |  | 412 |  |  |  | - |  |  |  | 412 |
Plasma center operating expenses |  |  | - |  |  |  | 1,021 |  |  |  | 1,021 |
Selling, marketing and distribution |  |  | 5,900 |  |  |  | - |  |  |  | 5,900 |
Amortization of intangible assets |  |  | 28 |  |  |  | - |  |  |  | 28 |
General and administrative expense |  |  | 3,988 |  |  |  | - |  |  |  | 3,988 |
Other expense, net |  |  | (56 | ) |  |  |  |  |  |  | (56 | )
Income (loss) before taxes |  |  | 49,179 |  |  |  | (961 | ) |  |  | 48,218 |
Expenditures for additions to long-lived assets |  |  | 1,067 |  |  |  | 9 |  |  |  | 1,076 |
Total assets |  |  | 266,456 |  |  |  | 33,191 |  |  |  | 299,647 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  |  | $ | 119,803 |
License revenue |  |  |  |  |  |  |  |  |  |  | 36 |
Consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 119,839 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  | $ | 5,900 |
Segment general and administrative expense |  |  |  |  |  |  |  | 3,988 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | 8,672 |
Consolidated selling, general and administrative expense |  |  | $ | 18,560 |
Reconciliation of income (loss) before taxes: |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  |  | $ | 48,218 |
License revenue |  |  |  |  |  |  |  |  |  |  | 36 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  | (3,499 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  |  | 666 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | (8,672 | )
Consolidated income before taxes |  |  |  |  |  |  | $ | 36,749 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  |  | $ | 299,647 |
Corporate (b) |  |  |  |  |  |  |  |  |  |  | 90,971 |
Consolidated total assets |  |  |  |  |  |  |  |  |  | $ | 390,618 |
(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.
Nine Months Ended September 30, 2024 |
(in thousands) |  | ADMA BioManufacturing |  |  | Plasma Collection Centers |  |  | Total |
Revenues |  | $ | 304,016 |  |  | $ | 4,781 |  |  | $ | 308,797 |
Cost of product revenue |  |  | 147,619 |  |  |  | 5,066 |  |  |  | 152,685 |
Research and development |  |  | 1,422 |  |  |  | - |  |  |  | 1,422 |
Plasma center operating expenses |  |  | - |  |  |  | 2,968 |  |  |  | 2,968 |
Selling, marketing and distribution |  |  | 13,374 |  |  |  | - |  |  |  | 13,374 |
Amortization of intangible assets |  |  | 363 |  |  |  | - |  |  |  | 363 |
General and administrative expense |  |  | 18,276 |  |  |  | - |  |  |  | 18,276 |
Other expense, net |  |  | (103 | ) |  |  | (4 | ) |  |  | (107 | )
Income (loss) before taxes |  |  | 122,859 |  |  |  | (3,257 | ) |  |  | 119,602 |
Expenditures for additions to long-lived assets |  |  | 5,720 |  |  |  | 105 |  |  |  | 5,825 |
Total assets |  |  | 266,456 |  |  |  | 33,191 |  |  |  | 299,647 |
Reconciliation of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Segment revenue |  |  |  |  |  |  |  |  |  | $ | 308,797 |
License revenue |  |  |  |  |  |  |  |  |  |  | 108 |
Consolidated revenues |  |  |  |  |  |  |  |  |  | $ | 308,905 |
Reconciliation of selling, general and administrative expense: |  |  |  |  |  |  |  |  |
Segment selling, marketing and distribution expense |  |  |  |  |  |  | $ | 13,374 |
Segment general and administrative expense |  |  |  |  |  |  |  | 18,276 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | 19,157 |
Consolidated selling, general and administrative expense |  |  | $ | 50,807 |
Reconciliation of income (loss) before taxes: |  |  |  |  |  |  |  |  |
Segment income before taxes |  |  |  |  |  |  |  |  |  | $ | 119,602 |
License revenue |  |  |  |  |  |  |  |  |  |  | 108 |
Unallocated interest expense, primarily related to interest on senior debt (see Note 6) |  |  |  | (11,051 | )
Unallocated interest income |  |  |  |  |  |  |  |  |  |  | 1,499 |
Corporate general and administrative expense (a) |  |  |  |  |  |  |  | (19,157 | )
Consolidated income before taxes |  |  |  |  |  |  | $ | 91,001 |
Reconciliation of total assets: |  |  |  |  |  |  |  |  |  |  |  |
Total segment assets |  |  |  |  |  |  |  |  |  | $ | 299,647 |
Corporate (b) |  |  |  |  |  |  |  |  |  |  | 90,971 |
Consolidated total assets |  |  |  |  |  |  |  |  |  | $ | 390,618 |
(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 September 30, |  | Nine Months Ended September 30,
(in thousands) |  | 2025 |  | 2024 |  | 2025 |  | 2024
United States |  | $ | 133,978 |  |  | $ | 114,748 |  |  | $ | 366,692 |  |  | $ | 295,465 |
International |  |  | 246 |  |  |  | 5,091 |  |  |  | 4,318 |  |  |  | 13,440 |
Total revenues |  | $ | 134,224 |  |  | $ | 119,839 |  |  | $ | 371,010 |  |  | $ | 308,905 |

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