Adagene Inc. (ADAG) Return on equity 2021–2025
Adagene Inc. (ADAG) return on equity by fiscal year — reported net income divided by year-end shareholders’ equity.
-49.8%FY2025 · since FY2021: -46.7% → -49.8%
| Fiscal year | Value | YoY |
|---|---|---|
| FY2025 | -49.8% | +16.3 pp |
| FY2024 | -66.2% | -39.3 pp |
| FY2023 | -26.9% | +69.4 pp |
| FY2022 | -96.2% | -49.5 pp |
| FY2021 | -46.7% | — |
ROE = reported net income ÷ reported year-end shareholders’ equity for the same fiscal year. Heavy buybacks shrink equity and can push ROE very high (or negative-equity years drop out).
Source: SEC XBRL filings · For reference only · Not investment advice