ADC Therapeutics SA
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
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FY2025 · Filed Mar 10, 2026
ADCT$1.51-9.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
Table of Contents
ADC Therapeutics SA
CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
| As of December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $261,338 | $250,867 |
| Accounts receivable, net | 29,117 | 20,316 |
| Inventory | 4,184 | 2,251 |
| Prepaid expenses | 5,612 | 8,370 |
| Other current assets | 6,084 | 9,450 |
| Total current assets | 306,335 | 291,254 |
| Inventory, long-term | 14,301 | 16,136 |
| Property and equipment, net | — | 5,075 |
| Operating lease right-of-use assets | 1,297 | 8,354 |
| Other long-term assets | 1,217 | 1,161 |
| Total assets | $323,150 | $321,980 |
| LIABILITIES AND SHAREHOLDERS’ (DEFICIT) EQUITY | ||
| Current liabilities | ||
| Accounts payable | $9,175 | $18,029 |
| Accrued expenses and other current liabilities | 57,988 | 62,440 |
| Senior secured term loans, current portion | 3,000 | — |
| Total current liabilities | 70,163 | 80,469 |
| Deferred royalty obligation, long-term | 322,525 | 320,093 |
| Senior secured term loans, long-term | 112,452 | 113,632 |
| Operating lease liabilities, long-term | 1,034 | 7,995 |
| Other long-term liabilities | 2,810 | 2,433 |
| Total liabilities | 508,984 | 524,622 |
| Commitments and contingencies (Note 14) | ||
| Shareholders’ (deficit) equity | ||
| Common shares, at CHF 0.08 par value | 11,080 | 8,425 |
| Issued shares: 128,310,010 at December 31, 2025 and 101,606,376 at December 31, 2024; outstanding shares: 125,748,762 at December 31, 2025 and 98,861,402 at December 31, 2024 | ||
| Additional paid-in capital | 1,439,749 | 1,283,892 |
| Treasury shares | (205) | (220) |
| Accumulated other comprehensive loss | (517) | (1,421) |
| Accumulated deficit | (1,635,941) | (1,493,318) |
| Total shareholders’ (deficit) equity | (185,834) | (202,642) |
| Total liabilities and shareholders’ (deficit) equity | $323,150 | $321,980 |
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