Financials · KMDA

Kamada Ltd. (KMDA) financials

For fiscal 2025 (ended Dec 31, 2025), Kamada Ltd. reported $180.46M of revenue and $20.20M of net income.

Revenue, FY2025
$180.46M
Revenue growth, YoY
+12.1%
Net income, FY2025
$20.20M
Net income growth, YoY
+39.7%
Net margin
11.2%
Free cash flow, FY2025
$15.64M
EPS, diluted, FY2025
$0.35
EPS growth, YoY
+40.0%
Cash
$75.47M
P/E
20.66
P/S
2.31
Market cap
$417.2M
Annual revenue$180.46M
FY2016FY2025
Annual net income$20.20M
FY2016FY2025
Annual free cash flow$15.64M
FY2016FY2025

KMDA revenue and earnings growth

KMDA revenueFY2025$180.46M

FY YoY
+12.1%
5Y CAGR
+6.3%
10Y CAGR
+9.9%

KMDA revenue was $180.46M for fiscal 2025 (ended Dec 31, 2025), up 12.1% from fiscal 2024. Compound annual growth was +6.3% over 5 years and +9.9% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2025 is the highest of the 11 fiscal years on file.

KMDA net incomeFY2025$20.20M

FY YoY
+39.7%
5Y CAGR
+3.3%

KMDA net income was $20.20M for fiscal 2025 (ended Dec 31, 2025), up 39.7% from fiscal 2024. Compound annual growth was +3.3% over 5 years.

KMDA EPSFY2025$0.35

FY YoY
+40.0%
5Y CAGR
-1.6%

KMDA diluted EPS was $0.35 for fiscal 2025 (ended Dec 31, 2025), up 40.0% from fiscal 2024. Compound annual growth was -1.6% over 5 years.

KMDA free cash flowFY2025$15.64M

FY YoY
-57.6%
5Y CAGR
+2.8%

KMDA free cash flow was $15.64M for fiscal 2025 (ended Dec 31, 2025), down 57.6% from fiscal 2024. Compound annual growth was +2.8% over 5 years.

Income statement

Income statement
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue$180.46M$160.95M$142.52M$129.34M$103.64M$133.25M$127.19M$114.47M$102.83M$77.49M
Cost of revenue$104.05M$90.99M$87.03M$82.64M$73.31M$85.69M$77.45M$73.00M$70.74M$56.13M
Gross profit$76.41M$69.97M$55.49M$46.70M$30.33M$47.55M$49.74M$41.47M$32.09M$21.36M
Research and development$12.99M$15.19M$13.93M$13.17M$11.36M$13.61M$13.06M$9.75M$11.97M$16.25M
Selling, general and admin$18.72M$15.70M$14.38M$12.80M$12.64M$10.14M$9.19M$8.53M--
Operating income$26.23M$20.05M$10.06M$4.53M-$696.0K$19.24M$22.78M$19.26M$7.44M-$5.48M
Interest expense$864.0K$660.0K$1.30M$914.0K$283.0K$266.0K$293.0K$172.0K$82.0K$126.0K
Pre-tax income$23.47M$13.33M$8.43M-$2.26M-$1.89M$18.57M$22.98M$20.34M$7.17M-$5.01M
Income tax$3.27M-$1.13M$145.0K$62.0K$345.0K$1.43M$730.0K-$1.96M$269.0K$1.72M
Net income$20.20M$14.46M$8.28M-$2.32M-$2.23M$17.14M$22.25M$22.30M$6.90M-$6.73M
EPS, basic$0.35$0.25$0.17-$0.05-$0.05$0.39$0.55$0.55$0.18-$0.18
EPS, diluted$0.35$0.25$0.15-$0.05-$0.05$0.38$0.55$0.55$0.18-$0.18
Diluted shares58.3M57.8M53.7M44.9M44.9M44.6M40.6M40.4M38.0M36.4M

Balance sheet

Balance sheet
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Cash and equivalents$75.47M$78.44M$55.64M$34.26M$18.59M$70.20M$42.66M$18.09M$12.68M$9.97M
Short-term investments-----$39.07M$31.25M---
Inventory$84.94M$78.82M$88.48M$68.78M$67.42M$42.02M$43.17M$29.32M$21.07M$25.59M
Current assets$193.07M$184.35M$169.96M$139.00M$130.04M$177.91M$143.56M$110.89M$96.88M$77.08M
Goodwill$30.31M$30.31M$30.31M$147.01M------
Total assets$378.71M$372.25M$354.91M$322.38M$318.67M$210.66M$173.80M$138.12M$122.11M$99.70M
Current liabilities$47.39M$49.39M$49.59M$75.70M$54.06M$24.97M$32.74M$23.57M$29.40M$27.21M
Short-term debt---$4.44M$2.63M$238.0K$489.0K$452.0K$614.0K$412.0K
Long-term debt---$17.41M$20.04M$274.0K$746.0K$688.0K$1.98M$1.78M
Total debt---$21.85M$22.67M$512.0K$1.24M$1.14M$2.60M$2.19M
Total liabilities$109.64M$112.79M$110.89M$146.36M$141.84M$32.03M$38.48M$25.74M$32.62M$32.95M
Shareholders' equity$269.07M$259.46M$244.02M$176.02M$176.82M$178.64M$135.32M$112.38M$89.49M$66.74M

Cash flow

Cash flow
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Operating cash flow$25.49M$47.59M$4.32M$28.59M-$8.82M$19.11M$27.57M$10.55M$3.61M$1.90M
Capital expenditures$9.85M$10.74M$5.85M$3.78M$3.73M$5.49M$2.30M$2.88M$4.17M$2.64M
Free cash flow$15.64M$36.85M-$1.53M$24.80M-$12.55M$13.62M$25.27M$7.66M-$559.0K-$744.0K
Investing cash flow-$9.84M-$10.74M-$5.84M-$3.78M-$61.05M-$13.13M-$564.0K-$5.18M-$15.61M$1.64M
Financing cash flow-$18.34M-$13.91M$22.68M-$9.34M$18.59M$23.36M-$1.53M-$587.0K$15.32M$1.49M
Dividends paid$11.53M---------
Stock-based compensation$845.0K$874.0K$1.31M$1.15M$529.0K$977.0K$1.16M$948.0K$483.0K$1.07M
Depreciation and amortization$14.92M$13.81M$12.71M$12.15M$5.61M$4.90M$4.52M$3.70M$3.52M$3.50M

Key ratios

Key ratios
Line item
Dec 31, 2025
Dec 31, 2024
Dec 31, 2023
Dec 31, 2022
Dec 31, 2021
Dec 31, 2020
Dec 31, 2019
Dec 31, 2018
Dec 31, 2017
Dec 31, 2016
Revenue growth, YoY12.1%12.9%10.2%24.8%-22.2%4.8%11.1%11.3%32.7%10.9%
Net income growth, YoY39.7%74.6%----23.0%-0.2%223.1%--
EPS growth, YoY40.0%66.7%----30.9%0.0%205.6%--
Gross margin42.3%43.5%38.9%36.1%29.3%35.7%39.1%36.2%31.2%27.6%
Operating margin14.5%12.5%7.1%3.5%-0.7%14.4%17.9%16.8%7.2%-7.1%
Net margin11.2%9.0%5.8%-1.8%-2.2%12.9%17.5%19.5%6.7%-8.7%
Free cash flow margin8.7%22.9%-1.1%19.2%-12.1%10.2%19.9%6.7%-0.5%-1.0%
Return on equity7.5%5.6%3.4%-1.3%-1.3%9.6%16.4%19.8%7.7%-10.1%
Return on assets5.3%3.9%2.3%-0.7%-0.7%8.1%12.8%16.1%5.7%-6.8%
Current ratio4.073.733.431.842.417.134.394.703.302.83
Debt to equity---0.120.130.000.010.010.030.03

Source: XBRL data Kamada Ltd. files with the SEC, latest filing dated Mar 11, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

Foreign private issuers file annual reports with the SEC, so there are no quarterly statements here.

KMDA peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
KMDA$180.46M+12.1%$20.20M11.2%$417.2M
LLY$86.46B+45.5%$27.58B31.9%$1.27T
JNJ$99.33B+7.8%$16.09B16.2%$664.95B
ABBV$66.01B+10.7%$10.34B15.7%$514.92B
MRK$67.38B+4.9%$2.45B3.6%$361.71B
NVS$54.53B+8.4%$13.98B25.6%$310.17B
AZN$58.74B+8.6%$10.22B17.4%$289.10B
ABT$48.23B+10.0%$4.70B9.7%$190.39B
NVODKK 309.06B+6.4%DKK 102.43B33.1%$178.51B

KMDA FAQ

9 questions
  • What is KMDA revenue?
    Kamada Ltd. (KMDA) reported $180.46M of revenue for fiscal 2025 (ended Dec 31, 2025). That is up 12.1% from the year before.
  • Is KMDA profitable?
    Yes. Kamada Ltd. earned $20.20M in net income for fiscal 2025 (ended Dec 31, 2025), a net margin of 11.2%.
  • How much cash and debt does KMDA have?
    Kamada Ltd. reported $75.47M in cash and cash equivalents on its most recent balance sheet in SEC filings.
  • How fast is KMDA revenue growing?
    Kamada Ltd.'s revenue changed +12.1% in fiscal 2025, to $180.46M. Its compound annual growth rate was +6.3% over 5 years and +9.9% over 10 years.
  • What is KMDA gross margin?
    Kamada Ltd.'s gross profit was $76.41M on $180.46M of revenue for fiscal 2025 (ended Dec 31, 2025), a gross margin of 42.3%.
  • What is KMDA free cash flow?
    Kamada Ltd. generated $15.64M of free cash flow for fiscal 2025 (ended Dec 31, 2025), which is operating cash flow of $25.49M less capital expenditures.
  • What is KMDA earnings per share?
    Diluted earnings per share were $0.35 for fiscal 2025 (ended Dec 31, 2025), from SEC filings, restated for any stock split those filings show.
  • When did KMDA last report financial results?
    The latest statements here come from Kamada Ltd.'s 20-F filed on Mar 11, 2026, covering the period ended Dec 31, 2025.
  • Where does this KMDA financial data come from?
    Quantisnow builds these statements from the structured XBRL data Kamada Ltd. files with the SEC. It is provided for information only and is not investment advice.