Adagio Medical Holdings, Inc. (ADGM)
Laguna Hills, DE, US
Adagio Medical Holdings, Inc. is an emerging medical device firm focused on pioneering and commercializing innovative ablation technologies. Its core mission is to provide therapeutic solutions for various cardiac rhythm disorders, including but not limited to atrial fibrillation, atrial flutter, and ventricular tachycardia. The company's current product portfolio showcases advanced offerings such as the iCLAS atrial ultra-low temperature cryoablation (ULTC) catheter and its complementary accessories, the vCLAS ventricular ULTC catheter, and the Cryopulse atrial pulsed-field cryoablation catheter, also available with associated accessories. This entity, which commenced operations in 2011, has its principal office situated in Laguna Hills, California.
| Target company | Ticker | Date | Filing |
|---|---|---|---|
| ARYA Sciences Acquisition Corp IV | ARYD | 2024-04-18 | View |
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.38% | -11.69% | -32.27% | -8.55% | +10.43% | -13.38% | -29.63% | -90.05% | -90.05% | -90.05% | -90.05% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | 1 |
3.00
+426.4%
|
| Last Quarter | 1 |
3.00
+426.4%
|
| Last Year | 1 |
3.00
+426.4%
|
| All Time | 1 |
3.00
+426.4%
|
-
Revenue growth Medical - Devices: +11.2%-100.0%
-
EPS growth Medical - Devices: +28.5%+57.3% ★ Q1'26: +38.0% (vs Q1'25)
-
FCF margin FCF growth · Medical - Devices: +30.9%—
-
EBIT margin Medical - Devices: +6.2%—
-
ROIC Medical - Devices: +3.3%-128.4% Q1'26: -123.0% (vs Q1'25)
-
Share dilution Medical - Devices: 0.0%+9.1% Q1'26: +44.5% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Medical - Devices: -0.35×-1.04× Q1'26: -1.21× (vs Q1'25)
| Metric |
Dec 2025 actual |
Dec 2026 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 2 Rev. Ana. 2 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
Dec 2030 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
—
|
—
— – —
|
2.42M
2.15M – 2.69M
|
7.25M
6.42M – 8.07M
+199.4% YoY
|
20.31M
18.01M – 22.62M
+180.3% YoY
|
42.85M
37.98M – 47.71M
+110.9% YoY
|
| EBITDA |
-20.92M
|
—
— – —
|
-1.45M
-1.62M – -1.29M
|
-4.35M
-4.84M – -3.85M
-199.4% YoY
|
-12.19M
-13.57M – -10.80M
-180.3% YoY
|
-25.71M
-28.63M – -22.79M
-110.9% YoY
|
| EBIT |
-21.89M
|
—
— – —
|
-1.45M
-1.62M – -1.29M
|
-4.35M
-4.84M – -3.85M
-199.4% YoY
|
-12.19M
-13.57M – -10.80M
-180.3% YoY
|
-25.71M
-28.63M – -22.79M
-110.9% YoY
|
| Net Income |
-25.08M
est: -25.08M (+0.0%)
|
-25.60M
-25.97M – -19.29M
-2.1% YoY
|
-33.10M
-33.67M – -25.01M
-29.3% YoY
|
-40.10M
-51.48M – -19.97M
-21.1% YoY
|
-55.04M
-63.16M – -46.91M
-37.2% YoY
|
-57.85M
-66.39M – -49.31M
-5.1% YoY
|
| SGA |
9.60M
|
—
— – —
|
53.30M
47.24M – 59.35M
|
159.57M
141.45M – 177.69M
+199.4% YoY
|
447.34M
396.54M – 498.13M
+180.3% YoY
|
943.66M
836.50M – 1.05B
+110.9% YoY
|
| EPS |
-1.51
est: -1.67 (+9.6%)
|
-1.37
-1.57 – -1.16
+18.3% YoY
|
-1.77
-2.03 – -1.51
-29.7% YoY
|
-2.16
-3.11 – -1.20
-21.8% YoY
|
-3.32
-3.81 – -2.83
-54.1% YoY
|
-3.49
-4.01 – -2.97
-5.1% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-13 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-12 | D+ | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 2/5 |
| 2026-05-11 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-05-08 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-07 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-06 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-05 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-04 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-01 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-30 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-29 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-28 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-27 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-24 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-23 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-22 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-21 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-20 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-17 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
| 2026-04-16 | C- | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 | 3/5 |
Owner Earnings
Ownership Overview
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Joseph Edelman | 15.26M | 76.40% | — | 15.26M | — | 15.26M | IN | Delaware | 2024-11-13 | ↗ |
| 2 | Perceptive Advisors LLC | 15.26M | 76.40% | — | 15.26M | — | 15.26M | IA | Delaware | 2024-11-13 | ↗ |
| 3 | Perceptive Life Sciences Master Fund, Ltd. | 15.06M | 75.40% | — | 15.06M | — | 15.06M | CO | Delaware | 2024-11-13 | ↗ |
| 4 | Peter Kolchinsky | 1.34M | 9.99% | — | 1.34M | — | 1.34M | HC, IN | Delaware | 2024-08-12 | ↗ |
| 5 | RA Capital Management, L.P. | 1.34M | 9.99% | — | 1.34M | — | 1.34M | IA, PN | Delaware | 2024-08-12 | ↗ |
| 6 | Rajeev Shah | 1.34M | 9.99% | — | 1.34M | — | 1.34M | HC, IN | Delaware | 2024-08-12 | ↗ |
| 7 | RA Capital Healthcare Fund, L.P. | 1.10M | 8.20% | — | 1.10M | — | 1.10M | PN | Delaware | 2024-08-12 | ↗ |
| 8 | C2 Life Sciences LLC | 200.9K | 1.00% | — | 200.9K | — | 200.9K | CO | Delaware | 2024-11-13 | ↗ |
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | PERCEPTIVE ADVISORS LLC | 9.88M +— (+0.0%) | 10.27M -8.9M (-46.4%) | 64.21% +0.000 pp | 0.18% -0.370 pp | USD2.57 -59.5% | 6 qtrs — |
| 2 | SIO CAPITAL MANAGEMENT, LLC | 1.29M +1.3M (+100.0%) | 1.34M +1.3M (+100.0%) | 8.38% +8.377 pp | 0.21% +0.211 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 3 | ADAGE CAPITAL PARTNERS GP, L.L.C. | 1.26M +200.0K (+18.9%) | 1.31M -744.7K (-36.3%) | 8.18% +1.300 pp | 0.00% -0.001 pp | USD1.10 -5.5% | 4 qtrs — |
| 4 | ALYESKA INVESTMENT GROUP, L.P. | 1.16M +1.2M (+100.0%) | 1.21M +1.2M (+100.0%) | 7.54% +7.539 pp | 0.00% +0.003 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 5 | ADAR1 CAPITAL MANAGEMENT, LLC | 1.16M +1.2M (+100.0%) | 1.21M +1.2M (+100.0%) | 7.54% +7.539 pp | 0.09% +0.089 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 6 | SILVERARC CAPITAL MANAGEMENT, LLC | 515.4K +515.4K (+100.0%) | 536.0K +536.0K (+100.0%) | 3.35% +3.351 pp | 0.07% +0.074 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 7 | ARMISTICE CAPITAL, LLC | 478.0K +478.0K (+100.0%) | 497.1K +497.1K (+100.0%) | 3.11% +3.108 pp | 0.01% +0.006 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 8 | HUDSON BAY CAPITAL MANAGEMENT LP | 296.4K +296.4K (+100.0%) | 308.2K +308.2K (+100.0%) | 1.93% +1.927 pp | 0.00% +0.001 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 9 | SHAOLIN CAPITAL MANAGEMENT LLC | 171.2K -8.8K (-4.9%) | 178.0K -171.2K (-49.0%) | 1.11% -0.057 pp | 0.01% -0.010 pp | USD1.52 -31.6% | 6 qtrs — |
| 10 | OPALEYE MANAGEMENT INC. | 110.6K +— (+0.0%) | 115.0K -99.5K (-46.4%) | 0.72% +0.000 pp | 0.02% -0.015 pp | USD2.58 -59.7% | 6 qtrs — |
| 11 | AFFINITY ASSET ADVISORS, LLC | 80.0K +— (+0.0%) | 83.2K -72.0K (-46.4%) | 0.52% +0.000 pp | 0.00% -0.009 pp | USD2.58 -59.7% | 6 qtrs — |
| 12 | VANGUARD GROUP INC | 79.5K +46.4K (+140.2%) | 82.6K +18.5K (+28.8%) | 0.52% +0.302 pp | 0.00% +0.000 pp | USD1.41 -26.2% | 2 qtrs — |
| 13 | GEODE CAPITAL MANAGEMENT, LLC | 68.3K +32.1K (+88.6%) | 71.1K +767.0 (+1.1%) | 0.44% +0.209 pp | 0.00% +0.000 pp | USD1.50 -30.7% | 6 qtrs — |
| 14 | TORONTO DOMINION BANK | 25.0K +— (+0.0%) | 26.0K -22.5K (-46.4%) | 0.16% +0.000 pp | 0.00% +0.000 pp | USD0.96 +8.3% | 5 qtrs — |
| 15 | NORTHERN TRUST CORP | 21.6K +21.6K (+100.0%) | 22.5K +22.5K (+100.0%) | 0.14% +0.140 pp | 0.00% +0.000 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 16 | HRT FINANCIAL LP | 18.6K +18.6K (+100.0%) | 19.0K +19.0K (+100.0%) | 0.12% +0.121 pp | 0.00% +0.000 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 17 | XTX TOPCO LTD | 18.1K +18.1K (+100.0%) | 18.8K +18.8K (+100.0%) | 0.12% +0.118 pp | 0.00% +0.001 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 18 | BANK OF AMERICA CORP /DE/ | 11.5K +11.5K (+39,534.5%) | 12.0K +11.9K (+21,246.4%) | 0.07% +0.075 pp | 0.00% +0.000 pp | USD1.04 +0.0% | 6 qtrs — |
| 19 | TOWER RESEARCH CAPITAL LLC (TRC) | 8.1K +6.1K (+290.9%) | 8.5K +4.4K (+109.5%) | 0.05% +0.039 pp | 0.00% +0.000 pp | USD1.11 -6.3% | 6 qtrs — |
| 20 | CREWE ADVISORS LLC | 500.00 +500.0 (+100.0%) | 520.00 +520.0 (+100.0%) | 0.00% +0.003 pp | 0.00% +0.000 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 21 | MORGAN STANLEY | 137.00 +137.0 (+100.0%) | 142.00 +142.0 (+100.0%) | 0.00% +0.001 pp | 0.00% +0.000 pp | USD1.04 +0.0% | 1 qtrs NEW |
| 22 | BARCLAYS PLC | — -14.0 (-100.0%) | — -27.0 (-100.0%) | 0.00% 0.000 pp | 0.00% +0.000 pp | USD— | 4 qtrs SOLD |
| 23 | CITIGROUP INC | — -1.0 (-100.0%) | — -2.0 (-100.0%) | 0.00% +0.000 pp | 0.00% +0.000 pp | USD— | 2 qtrs SOLD |
| 24 | UBS GROUP AG | — -83.0 (-100.0%) | — -161.0 (-100.0%) | 0.00% -0.001 pp | 0.00% +0.000 pp | USD— | 6 qtrs SOLD |
| 25 | RTW INVESTMENTS, LP | — -209.4K (-100.0%) | — -406.2K (-100.0%) | 0.00% -1.361 pp | 0.00% -0.005 pp | USD— | 6 qtrs SOLD |
| 26 | RENAISSANCE TECHNOLOGIES LLC | — -27.0K (-100.0%) | — -52.4K (-100.0%) | 0.00% -0.176 pp | 0.00% 0.000 pp | USD— | 2 qtrs SOLD |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Vanguard Extended Market ETF VXF | 0.00% | 64.8K | 0.05% |
| 2 | Vanguard Total Stock Market ETF VTI | 0.00% | 3.0K | 0.03% |
| 3 | Vanguard U.S. Total Market Shares Index ETF VTS.AX | 0.00% | 6.35 | 0.03% |
| 4 | Vanguard U.S. Total Market Index ETF VUN.TO | 0.00% | 17.42 | 0.17% |
| 5 | Vanguard U.S. Total Market Index ETF (CAD-hedged) VUS.TO | 0.00% | 1.29 | 0.17% |
| 6 | Vanguard All-Equity ETF Portfolio VEQT.TO | 0.00% | 6.64 | 0.22% |
| 7 | Vanguard Growth ETF Portfolio VGRO.TO | 0.00% | 3.71 | 0.22% |
| 8 | Vanguard Balanced ETF Portfolio VBAL.TO | 0.00% | 1.20 | 0.22% |
| 9 | Vanguard Conservative ETF Portfolio VCNS.TO | 0.00% | 0.13 | 0.22% |
| 10 | Vanguard Conservative Income ETF Portfolio VCIP.TO | 0.00% | 0.02 | 0.22% |
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-06 | Usen Todd | Director / Officer | A-Award | A | Employee Stock Options (Right to Buy) | 800,000 | 0.98 | 781.6K | 800,000 | D | ↗ |
| 2026-03-06 | Kaster Deborah | Officer | A-Award | A | Employee Stock Options (Right to Buy) | 490,500 | 0.98 | 479.2K | 490,500 | D | ↗ |
| 2025-12-16 | Kaster Deborah | Officer | P-Purchase | A | Common Stock | 15,000 | 1.20 | 18.0K | 15,000 | D | ↗ |
| 2025-12-12 | Usen Todd | Director / Officer | P-Purchase | A | Common Stock | 207,315 | 1.09 | 226.0K | 207,315 | D | ↗ |
| 2025-12-11 | Salmon Sean | Director | A-Award | A | Non-qualified stock option (right to buy) | 90,000 | 0.88 | 79.0K | 90,000 | D | ↗ |
| 2025-10-20 | PERCEPTIVE ADVISORS LLC | Director / 10% Owner | P-Purchase | A | Tranche B Warrant ("Common Warrant" right to buy) | 1,344,999 | 1.71 | 2.30M | 1,344,999 | I | ↗ |
| 2025-09-05 | Kaster Deborah | Officer | — | — | Employee Stock Option (right to buy) | 728,000 | 0.84 | 611.5K | 0 | D | ↗ |
| 2025-04-17 | George Dan | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-03-20 | Moran Timothy P. | Director | A-Award | A | Non-qualified stock option (right to buy) | 90,000 | 0.87 | 77.9K | 90,000 | D | ↗ |
| 2025-03-20 | Mirsaeedi-Farahani Keyvan | Director | A-Award | A | Non-qualified stock option (right to buy) | 90,000 | 0.87 | 77.9K | 90,000 | D | ↗ |
| 2025-03-20 | MISHAN ORLY | Director | A-Award | A | Non-qualified stock option (right to buy) | 300,000 | 0.87 | 259.5K | 300,000 | D | ↗ |
| 2025-03-20 | GARDINER SANDRA A. | Director | A-Award | A | Non-qualified stock option (right to buy) | 90,000 | 0.87 | 77.9K | 90,000 | D | ↗ |
| 2025-03-20 | Cox James L | Director | A-Award | A | Non-qualified stock option (right to buy) | 364,000 | 0.87 | 314.9K | 364,000 | D | ↗ |
| 2025-02-11 | Usen Todd | Director / Officer | A-Award | A | Employee Stock Options (Right to Buy) | 1,820,567 | 1.13 | 2.06M | 1,820,567 | D | ↗ |
| 2025-01-22 | PERCEPTIVE ADVISORS LLC | Director / 10% Owner | A-Award | A | Common Stock | 64,167 | 2.00 | 128.3K | 9,675,684 | D | ↗ |
| 2024-12-13 | Usen Todd | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2024-09-27 | ARYA Sciences Holdings IV | 10% Owner | J-Other | D | Common Stock | 3,501,600 | 0.00 | 350.16 | 0 | D | ↗ |
Executive team
Executive compensation
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025 | Todd Usen Chief Executive Officer | 500.0K | 330.0K | — | 1.63M | — | 38.6K | 2.50M | 65.26% | ↗ |
| 2 | 2025 | Deborah Kaster Chief Financial Officer | 251.9K | 101.1K | — | 483.0K | — | — | 836.0K | 57.78% | ↗ |
| 3 | 2025 | Hakon Bergheim Former Chief Operating Officer | 53.9K | — | — | — | — | 117.6K | 171.6K | 0.00% | ↗ |
| 4 | 2025 | John Dahldorf Former Chief Financial Officer | 104.6K | — | — | — | — | 49.0K | 153.7K | 0.00% | ↗ |
| 5 | 2024 | John Dahldorf Former Chief Financial Officer | 425.0K | 67.6K | — | — | — | — | 492.6K | 0.00% | ↗ |
| 6 | 2024 | Hakon Bergheim Former Chief Operating Officer | 323.6K | 48.5K | — | — | — | — | 372.2K | 0.00% | ↗ |
| 7 | 2024 | Todd Usen Chief Executive Officer | 22.9K | — | — | — | — | — | 22.9K | 0.00% | ↗ |
| 8 | 2023 | John Dahldorf Former Chief Financial Officer | 283.3K | 106.3K | — | 309.7K | — | — | 699.3K | 44.29% | ↗ |
| 9 | 2023 | Hakon Bergheim Former Chief Operating Officer | 318.5K | 69.3K | — | — | — | — | 387.8K | 0.00% | ↗ |
| 10 | 2023 | Olav Bergheim. Former President and Chief Executive Officer | — | 88.7K | — | — | — | — | 88.7K | 0.00% | ↗ |
Proxy statements
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Todd Usen | Chief Executive Officer & Director | 448.7K | male |
| Antwan Gipson | Senior Vice President of Manufacturing & Operations | — | male |
| Deborah Kaster | Chief Financial Officer & Chief Business Officer | — | female |
| Ilya Grigorov | Vice President of Global Marketing & Product Management | — | male |
| Alex Babkin | Chief Technical Officer | — | — |
| Maryline Cullen | Corporate Controller | — | female |
| Nabil Jubran | Chief Compliance Officer | — | male |
| Marie-Claude Jacques | Senior Vice President of Global Sales | — | female |
No Senate trading activity found for this company.
No House trading activity found for this company.
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Target Price Distribution
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