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Side-by-side financial comparison of Adagio Medical Holdings, Inc. (ADGM) and ALLURION TECHNOLOGIES, INC. (ALUR). Click either name above to swap in a different company.

Adagio Medical Holdings, Inc. is a medical technology company focused on developing and commercializing innovative cryoablation platforms for treating cardiac arrhythmias, most notably atrial fibrillation. Its solutions are designed for electrophysiology clinicians, with primary commercial operations across North America and Europe, focused on improving safety and outcomes for patients living with heart rhythm disorders.

Robinson Technologies is a Japanese video game developer founded by Seth Robinson. The company produced the BBS door games Legend of the Red Dragon, Planets: The Exploration of Space and Growtopia, an experimental multiplayer creative sandbox created as a collaboration with Hamumu Software, released in 2013 for iOS, Android, Microsoft Windows, and macOS.

ADGM vs ALUR — Head-to-Head

Bigger by revenue
ALUR
ALUR
Infinity× larger
ALUR
$3.6M
$0
ADGM

Income Statement — Q3 2025 vs Q4 2025

Metric
ADGM
ADGM
ALUR
ALUR
Revenue
$0
$3.6M
Net Profit
$-10.1M
$-6.0M
Gross Margin
44.5%
Operating Margin
-174.2%
Net Margin
-167.0%
Revenue YoY
-35.4%
Net Profit YoY
-380.6%
37.2%
EPS (diluted)
$-0.66
$-0.69

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADGM
ADGM
ALUR
ALUR
Q4 25
$3.6M
Q3 25
$0
$2.7M
Q2 25
$3.4M
Q1 25
$5.6M
Q4 24
$5.6M
Q3 24
$132.0K
$5.4M
Q2 24
$254.0K
$11.8M
Q1 24
$9.4M
Net Profit
ADGM
ADGM
ALUR
ALUR
Q4 25
$-6.0M
Q3 25
$-10.1M
$-11.9M
Q2 25
$-9.3M
Q1 25
$-1.5M
Q4 24
$-9.6M
Q3 24
$3.6M
$8.7M
Q2 24
$-5.7M
$-8.3M
Q1 24
$2.0M
Gross Margin
ADGM
ADGM
ALUR
ALUR
Q4 25
44.5%
Q3 25
49.1%
Q2 25
73.9%
Q1 25
74.6%
Q4 24
45.3%
Q3 24
-213.6%
58.0%
Q2 24
-168.5%
76.4%
Q1 24
73.2%
Operating Margin
ADGM
ADGM
ALUR
ALUR
Q4 25
-174.2%
Q3 25
-362.3%
Q2 25
-205.7%
Q1 25
-130.5%
Q4 24
-306.2%
Q3 24
-3352.3%
-229.9%
Q2 24
-2621.7%
-79.4%
Q1 24
-121.4%
Net Margin
ADGM
ADGM
ALUR
ALUR
Q4 25
-167.0%
Q3 25
-447.1%
Q2 25
-276.3%
Q1 25
-26.9%
Q4 24
-171.8%
Q3 24
2731.8%
162.8%
Q2 24
-2257.5%
-70.7%
Q1 24
21.3%
EPS (diluted)
ADGM
ADGM
ALUR
ALUR
Q4 25
$-0.69
Q3 25
$-0.66
$-1.53
Q2 25
$-1.28
Q1 25
$-0.31
Q4 24
$-3.22
Q3 24
$0.02
$3.40
Q2 24
$-7.35
$-4.34
Q1 24
$0.96

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADGM
ADGM
ALUR
ALUR
Cash + ST InvestmentsLiquidity on hand
$4.7M
$5.4M
Total DebtLower is stronger
$21.2M
Stockholders' EquityBook value
$-1.3M
$-77.2M
Total Assets
$31.5M
$15.8M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADGM
ADGM
ALUR
ALUR
Q4 25
$5.4M
Q3 25
$4.7M
$6.1M
Q2 25
$12.7M
Q1 25
$20.4M
Q4 24
$15.4M
Q3 24
$28.3M
$28.7M
Q2 24
$19.3M
Q1 24
$29.7M
Total Debt
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
$21.2M
Q2 25
Q1 25
Q4 24
Q3 24
$13.8M
Q2 24
Q1 24
Stockholders' Equity
ADGM
ADGM
ALUR
ALUR
Q4 25
$-77.2M
Q3 25
$-1.3M
$-82.9M
Q2 25
$-64.0M
Q1 25
$-69.8M
Q4 24
$-78.0M
Q3 24
$76.6M
$-64.8M
Q2 24
$-140.5M
$-70.6M
Q1 24
$-66.2M
Total Assets
ADGM
ADGM
ALUR
ALUR
Q4 25
$15.8M
Q3 25
$31.5M
$18.1M
Q2 25
$28.2M
Q1 25
$38.4M
Q4 24
$32.8M
Q3 24
$107.2M
$50.7M
Q2 24
$-140.5M
$46.5M
Q1 24
$60.0M
Debt / Equity
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.18×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADGM
ADGM
ALUR
ALUR
Operating Cash FlowLast quarter
$-3.0M
$-5.3M
Free Cash FlowOCF − Capex
$-3.5M
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADGM
ADGM
ALUR
ALUR
Q4 25
$-5.3M
Q3 25
$-3.0M
$-6.5M
Q2 25
$-7.6M
Q1 25
$-9.5M
Q4 24
$-13.3M
Q3 24
$-6.4M
$-11.5M
Q2 24
$-8.9M
Q1 24
$-8.6M
Free Cash Flow
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
$-3.5M
Q2 25
Q1 25
Q4 24
Q3 24
$-6.9M
$-11.5M
Q2 24
$-9.4M
Q1 24
$-8.7M
FCF Margin
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-5254.5%
-214.9%
Q2 24
-79.6%
Q1 24
-93.1%
Capex Intensity
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
0.0%
Q3 24
437.9%
1.3%
Q2 24
3.7%
Q1 24
1.1%
Cash Conversion
ADGM
ADGM
ALUR
ALUR
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.76×
-1.31×
Q2 24
Q1 24
-4.33×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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