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ADC Therapeutics SA ADCT R2K

Healthcare · Biotechnology · Switzerland
https://www.adctherapeutics.com

ADC Therapeutics SA provides antibody drug conjugate (ADC) technology platform in Switzerland and the United States. Its flagship product includes ZYNLONTA, a CD19-directed ADC, received accelerated approval from the U.S. Food and Drug Administration, conditional approval from the European Commission, and conditional approval from the China National Medical Products Administration for the treatment of relapsed or refractory diffuse large B-cell lymphoma (DLBCL) after two or more lines of systemic therapy. The company is also seeking to continue expanding ZYNLONTA into international markets and into earlier lines of DLBCL and indolent lymphomas, including follicular lymphoma (FL) and marginal zone lymphoma (MZL) as a single agent and in combination through its LOTIS-5 confirmatory Phase 3 clinical trial and LOTIS-7 Phase 1b clinical trial, as well as through investigator-initiated trials (IITs). In addition, it is investigating a CD-22 targeted compound' and ADCT-602 that is in a Phase 1/2 IIT in refractory B-cell acute lymphoblastic leukemia. Further, the company's pre-clinical stage pipeline includes a portfolio of next generation investigational ADCs targeting Claudin-6, NaPi2b, PSMA, NaPi2b, and ASCT2. ADC Therapeutics SA was incorporated in 2011 and is headquartered in Epalinges, Switzerland.

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$3.40
+10.03% 1Y

Market & Price

Market Cap
$432.45M
Current Price
$3.40
High / Low (52W)
$4.88 / $2.64
Beta
1.84

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
-
PEG Ratio
-
Book Value
$-1.70
Price to Book
-2.00
P/S
5.46
EV/EBITDA
-6.25
Dividend Yield
-

Profitability & Returns

ROCE
-35.57%
ROE
-
ROA
-22.73%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-0.21
EPS (TTM)
$-0.97

Balance Sheet & Liquidity

Debt/Equity
-
Quick Ratio
3.88
Current Ratio
4.09
Debt
$436.26M
Total Assets
$323.15M
Current Assets
$306.33M
Working Capital
$236.17M

Ownership

Promoter Holding
13.25%
Chg in Prom Hold
0.00%
FII / Inst Holding
67.61%
Chg in FII Hold
-0.00%

Financial Snapshot

Enterprise Value
$637.70M
Total Revenue (TTM)
$79.17M
EBITDA
$-102.04M
Free Cash Flow
$-74.85M
Operating Cash Flow
$-114.55M
Shares Outstanding
127.19M
Gross Margin
-26.33%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-27.09%
Profit 5Y
3.08%
Revenue (YoY)
-9.50%
Earnings (YoY)
-

PROS

No notable strengths flagged.

CONS

  • Revenue declined at -27.1% CAGR over 5 years.
  • Trading 30.3% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Healthcare).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 ADCT ADC Therapeutics SA R2K 3.40 - $432.45M - -35.57% - -27.09% 3.08%
2 LLY Eli Lilly and Company SPX 1,105.00 39.21 $985.37B 0.63% 38.44% 107.46% 31.69% 48.96%
3 JNJ Johnson & Johnson SPX 225.33 26.11 $542.42B 2.38% 23.13% 26.42% 5.60% 14.32%
4 UNH UnitedHealth Group Incorporated SPX 380.31 28.66 $345.38B 2.32% 9.60% 12.18% 11.35% -15.69%
5 MRK Merck & Co., Inc. SPX 118.72 33.44 $293.22B 2.86% 20.66% 18.94% 3.12% 7.93%
6 TMO Thermo Fisher Scientific Inc. SPX 492.51 27.11 $183.03B 0.38% 9.17% 13.52% -0.27% -1.19%
7 AMGN Amgen Inc. NDXSPX 336.79 23.42 $181.77B 2.99% 18.02% 101.32% 11.77% 5.58%
8 GILD Gilead Sciences, Inc. NDXSPX 134.43 18.29 $166.90B 2.44% 22.92% 43.36% 2.57% 22.83%
9 ISRG Intuitive Surgical, Inc. NDXSPXAI 424.64 51.53 $150.39B - 15.96% 17.23% 17.39% 29.26%
Ad space

Quarterly Results

Figures in USD.

Metric Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue 18.95M19.20M14.27M17.85M17.03M--23.03M18.84M16.43M23.06M20.85M
Cost of Revenue -------2.06M836.00K1.20M1.70M3.62M
Gross Profit -------20.97M18.00M15.22M21.36M17.24M
Operating Expenses -------49.16M48.58M45.55M39.48M42.48M
Operating Income -50.21M-39.65M-36.15M-33.61M-29.04M---28.18M-30.57M-30.33M-18.12M-25.25M
EBITDA --------25.75M-41.21M-27.45M6.31M-20.50M
Interest Expense -------12.23M13.00M13.39M13.01M12.35M
Pretax Income --------38.44M-55.39M-40.97M-6.81M-32.97M
Tax Provision -------165.00K1.25M0-404.00K0
Net Income -59.37M-48.92M-46.73M-46.61M-36.54M---38.60M-56.65M-40.97M-6.41M-32.97M
Diluted EPS -0.73-0.60-0.57-0.56-0.38---0.36-0.50-0.30-0.04-0.21
R&D Expense 38.38M31.34M27.08M25.73M24.30M32.50M-28.93M30.09M26.80M-19.88M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue -209.91M69.56M70.84M81.36M
Cost of Revenue -3.30M2.53M5.95M5.80M
Gross Profit -206.61M67.03M64.89M75.56M
Operating Expenses -329.59M232.08M194.48M182.77M
Operating Income --122.99M-165.05M-129.59M-107.21M
EBITDA --107.70M-145.83M-102.65M-88.10M
Interest Expense -36.73M46.33M50.21M51.63M
Pretax Income --146.82M-195.42M-156.14M-141.61M
Tax Provision -227.00K39.11M166.00K1.01M
Net Income --157.13M-240.05M-157.85M-142.62M
Diluted EPS -3.00-1.99-2.94-1.62-
R&D Expense -186.46M127.13M109.63M104.00M

Compounded Sales Growth

5 Years:-27.09%
1 Year:-9.50%

Compounded Profit Growth

5 Years:3.08%
1 Year:-

Stock Price Performance

1 Year:+10.03%
6 Months:-22.55%
3 Months:-17.07%
1 Month:-10.05%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets -490.86M354.78M321.98M323.15M
Current Assets -434.98M336.29M291.25M306.33M
Cash & Equivalents -326.44M278.60M250.87M261.34M
Inventory -12.07M16.18M2.25M4.18M
Receivables -72.97M25.18M20.32M29.12M
Total Liabilities -411.41M503.03M524.62M508.98M
Current Liabilities -81.94M67.67M80.47M70.16M
Long Term Debt -109.71M112.73M113.63M112.45M
Total Debt -117.38M124.38M123.00M117.02M
Total Equity -79.45M-148.25M-202.64M-185.83M
Shares Outstanding -89.04M89.04M101.61M128.31M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow --138.31M-118.69M-123.83M-141.17M
Investing Cash Flow --687.00K-3.22M-867.00K395.00K
Financing Cash Flow --897.00K73.88M97.05M150.94M
Capital Expenditure --687.00K-3.22M-867.00K-264.00K
Free Cash Flow --139.00M-121.90M-124.70M-141.44M
Net Change in Cash --139.90M-48.03M-27.65M10.17M

Ratios (Annual)

Figures in %.

Metric Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % -98.4%96.4%91.6%92.9%
Operating Margin % --58.6%-237.3%-182.9%-131.8%
Net Margin % --74.9%-345.1%-222.8%-175.3%
ROE % --197.8%161.9%77.9%76.7%
ROCE % --30.1%-57.5%-53.7%-42.4%

Shareholding Pattern

Insiders
13.25%
Institutions
67.61%
Public Float
77.94%

Top Institutional Holders

#Holder% HeldSharesValue
1 Redmile Group, LLC 12.16% 15.47M $52.60M
2 TCG Crossover Management, LLC 8.96% 11.39M $38.73M
3 Prosight Management, Lp 6.53% 8.30M $28.22M
4 Blackrock Inc. 4.91% 6.25M $21.25M
5 Eventide Asset Management LLC 4.48% 5.70M $19.39M
6 Nantahala Capital Management, LLC 4.40% 5.60M $19.03M
7 Morgan Stanley 3.00% 3.81M $12.96M
8 Point72 Asset Management, L.P. 2.66% 3.38M $11.50M
9 Millennium Management Llc 2.45% 3.12M $10.61M
10 Goldman Sachs Group Inc 1.30% 1.65M $5.62M

Analyst View

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