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

ANGIODYNAMICS INC produced more free cash flow last quarter ($4.2M vs $-3.5M).

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.

AngioDynamics Inc is a global medical technology firm that designs, manufactures and sells a portfolio of minimally invasive medical devices. Its core offerings cover vascular access, surgical ablation, and oncology care solutions, serving hospitals, outpatient surgery centers and other healthcare providers across North America, Europe and Asia Pacific.

ADGM vs ANGO — Head-to-Head

Bigger by revenue
ANGO
ANGO
Infinity× larger
ANGO
$79.4M
$0
ADGM
More free cash flow
ANGO
ANGO
$7.8M more FCF
ANGO
$4.2M
$-3.5M
ADGM

Income Statement — Q3 2025 vs Q2 2026

Metric
ADGM
ADGM
ANGO
ANGO
Revenue
$0
$79.4M
Net Profit
$-10.1M
$-6.3M
Gross Margin
56.4%
Operating Margin
-7.7%
Net Margin
-8.0%
Revenue YoY
9.0%
Net Profit YoY
-380.6%
40.9%
EPS (diluted)
$-0.66
$-0.15

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
ANGO
ANGO
Q4 25
$79.4M
Q3 25
$0
$75.7M
Q2 25
$80.2M
Q1 25
$72.0M
Q4 24
$72.8M
Q3 24
$132.0K
$67.5M
Q2 24
$254.0K
$71.0M
Q1 24
$75.2M
Net Profit
ADGM
ADGM
ANGO
ANGO
Q4 25
$-6.3M
Q3 25
$-10.1M
$-10.9M
Q2 25
$-6.0M
Q1 25
$-4.4M
Q4 24
$-10.7M
Q3 24
$3.6M
$-12.8M
Q2 24
$-5.7M
$-13.4M
Q1 24
$-187.7M
Gross Margin
ADGM
ADGM
ANGO
ANGO
Q4 25
56.4%
Q3 25
55.3%
Q2 25
52.7%
Q1 25
54.0%
Q4 24
54.8%
Q3 24
-213.6%
54.4%
Q2 24
-168.5%
54.3%
Q1 24
47.7%
Operating Margin
ADGM
ADGM
ANGO
ANGO
Q4 25
-7.7%
Q3 25
-14.1%
Q2 25
-7.2%
Q1 25
-13.9%
Q4 24
-15.2%
Q3 24
-3352.3%
-19.4%
Q2 24
-2621.7%
-20.4%
Q1 24
-265.9%
Net Margin
ADGM
ADGM
ANGO
ANGO
Q4 25
-8.0%
Q3 25
-14.4%
Q2 25
-7.5%
Q1 25
-6.1%
Q4 24
-14.7%
Q3 24
2731.8%
-19.0%
Q2 24
-2257.5%
-18.9%
Q1 24
-249.7%
EPS (diluted)
ADGM
ADGM
ANGO
ANGO
Q4 25
$-0.15
Q3 25
$-0.66
$-0.26
Q2 25
$-0.15
Q1 25
$-0.11
Q4 24
$-0.26
Q3 24
$0.02
$-0.31
Q2 24
$-7.35
$-0.35
Q1 24
$-4.67

Balance Sheet & Financial Strength

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

Metric
ADGM
ADGM
ANGO
ANGO
Cash + ST InvestmentsLiquidity on hand
$4.7M
$41.6M
Total DebtLower is stronger
$21.2M
Stockholders' EquityBook value
$-1.3M
$176.3M
Total Assets
$31.5M
$269.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADGM
ADGM
ANGO
ANGO
Q4 25
$41.6M
Q3 25
$4.7M
$38.8M
Q2 25
$55.9M
Q1 25
$44.8M
Q4 24
$54.1M
Q3 24
$28.3M
$55.0M
Q2 24
$76.1M
Q1 24
$78.5M
Total Debt
ADGM
ADGM
ANGO
ANGO
Q4 25
Q3 25
$21.2M
Q2 25
Q1 25
Q4 24
Q3 24
$13.8M
Q2 24
$0
Q1 24
Stockholders' Equity
ADGM
ADGM
ANGO
ANGO
Q4 25
$176.3M
Q3 25
$-1.3M
$178.9M
Q2 25
$183.0M
Q1 25
$185.9M
Q4 24
$186.8M
Q3 24
$76.6M
$196.6M
Q2 24
$-140.5M
$205.6M
Q1 24
$218.7M
Total Assets
ADGM
ADGM
ANGO
ANGO
Q4 25
$269.7M
Q3 25
$31.5M
$265.6M
Q2 25
$280.1M
Q1 25
$285.4M
Q4 24
$291.6M
Q3 24
$107.2M
$293.6M
Q2 24
$-140.5M
$317.7M
Q1 24
$324.8M
Debt / Equity
ADGM
ADGM
ANGO
ANGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
0.18×
Q2 24
0.00×
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
ANGO
ANGO
Operating Cash FlowLast quarter
$-3.0M
$4.7M
Free Cash FlowOCF − Capex
$-3.5M
$4.2M
FCF MarginFCF / Revenue
5.3%
Capex IntensityCapex / Revenue
0.5%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-9.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADGM
ADGM
ANGO
ANGO
Q4 25
$4.7M
Q3 25
$-3.0M
$-15.9M
Q2 25
$18.8M
Q1 25
$-13.2M
Q4 24
$2.5M
Q3 24
$-6.4M
$-18.3M
Q2 24
$5.0M
Q1 24
$-12.5M
Free Cash Flow
ADGM
ADGM
ANGO
ANGO
Q4 25
$4.2M
Q3 25
$-3.5M
$-16.6M
Q2 25
$18.0M
Q1 25
$-15.0M
Q4 24
$1.7M
Q3 24
$-6.9M
$-19.3M
Q2 24
$4.4M
Q1 24
$-13.1M
FCF Margin
ADGM
ADGM
ANGO
ANGO
Q4 25
5.3%
Q3 25
-22.0%
Q2 25
22.5%
Q1 25
-20.8%
Q4 24
2.3%
Q3 24
-5254.5%
-28.7%
Q2 24
6.2%
Q1 24
-17.5%
Capex Intensity
ADGM
ADGM
ANGO
ANGO
Q4 25
0.5%
Q3 25
1.0%
Q2 25
1.0%
Q1 25
2.5%
Q4 24
1.1%
Q3 24
437.9%
1.6%
Q2 24
0.8%
Q1 24
0.8%
Cash Conversion
ADGM
ADGM
ANGO
ANGO
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
-1.76×
Q2 24
Q1 24

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADGM
ADGM

Segment breakdown not available.

ANGO
ANGO

Med Device$37.2M47%
Med Tech$30.4M38%
Other$11.8M15%

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