ADS-TEC Energy PLC (ADSE) Income Statement
ADSE 2025 at a glance
Fiscal year ended December 31, 2025 · eurosADSE revenue and net income
Where ADSE's revenue goes
2025Each bar shows an amount and its share of revenue. ADSE kept −174.9% of revenue as net income.
ADSE profit margins
ADSE growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −71.3% | +6.1% | −7.8% | — |
| Gross profit | −183.8% | — | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ADSE income statement in euros
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Revenue | €31.6M | €110.0M | €107.4M | €26.4M | €33.0M | €47.4M | €19.1M |
| Cost of revenue | €47.8M | €90.6M | €110.3M | €30.9M | €35.3M | €45.5M | €22.2M |
| Gross profit | −€16.3M | €19.4M | −€2.9M | −€4.5M | −€2.3M | €1.8M | −€3.1M |
| Research & development | €8.5M | €9.0M | €2.8M | €1.7M | €2.0M | €749,000 | €473,000 |
| Sales, general & admin | €32.0M | €29.7M | €27.3M | €30.7M | €78.5M | €7.8M | €6.4M |
| Total operating expenses | €40.4M | €28.0M | €41.6M | €31.9M | €16.4M | €10.0M | €6.5M |
| Operating income | −€56.7M | −€8.6M | −€44.5M | −€36.4M | −€18.6M | −€8.2M | −€9.7M |
| Interest income | €395,000 | €24,000 | €187,000 | €259,000 | €47,000 | €0 | €1,000 |
| Interest expense | €42.6M | €16.3M | €3.0M | €448,766 | €2.6M | €2.1M | €886,000 |
| Income before taxes | −€55.4M | −€97.5M | −€58.2M | −€16.3M | −€87.2M | −€10.3M | −€10.6M |
| Income taxes | −€257,000 | €491,000 | −€3.1M | €2.6M | €413,000 | −€45,000 | €1.5M |
| Net income | −€55.2M | −€98.0M | −€55.1M | −€18.9M | −€87.6M | −€10.3M | −€12.0M |
| EBITDA | −€2.2M | −€74.4M | −€50.3M | −€32.1M | −€17.7M | −€6.5M | −€9.1M |
| Gross margin | −51.6% | 17.7% | −2.7% | −16.9% | −6.9% | 3.8% | −16.4% |
| Operating margin | −179.6% | −7.8% | −41.5% | −137.8% | −56.4% | −17.3% | −50.7% |
| Net margin | −174.9% | −89.0% | −51.3% | −71.5% | −265.3% | −21.7% | −63.1% |
| Jun '26 | Mar '26 | Dec '25 | Jun '25 | Mar '25 | Jun '24 | Mar '24 | Sep '23 | Jun '23 | Jun '22 | Mar '22 | Dec '21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | €7.5M | €19.8M | €19.8M | €16.0M | €30.8M | €79.3M | €69.1M | €34.6M | €37.9M | €9.8M | €8.3M | €8.3M |
| Cost of revenue | €14.9M | €31.7M | €31.0M | €23.8M | €27.0M | €63.6M | €71.5M | €35.7M | €38.4M | €15.1M | €8.8M | €8.8M |
| Gross profit | −€7.5M | −€11.9M | −€11.2M | −€7.8M | €3.8M | €15.7M | −€2.4M | −€1.2M | −€526,057 | −€5.3M | −€568,750 | −€568,750 |
| Research & development | €4.1M | €4.5M | €4.7M | €4.7M | €4.9M | €4.1M | €4.5M | €2.2M | €1.6M | €987,018 | €503,000 | €503,000 |
| Sales, general & admin | €15.2M | €16.1M | — | €19.9M | €14.5M | €15.9M | €10.8M | €5.4M | — | €13.6M | €19.7M | €19.7M |
| Total operating expenses | €19.3M | €20.7M | €21.1M | €24.6M | €7.4M | €20.6M | €22.2M | €16.5M | €18.4M | €14.6M | −€20.6M | −€20.6M |
| Operating income | −€26.8M | −€32.5M | −€32.3M | −€32.5M | −€3.6M | −€5.0M | −€25.6M | −€11.8M | −€18.9M | −€19.9M | −€21.2M | −€21.2M |
| Interest expense | €871,575 | €25.2M | €41.9M | €23.0M | €53.5M | €39.4M | €7.8M | — | €10.8M | €175,858 | €642,500 | €642,500 |
| Income before taxes | −€42.8M | −€47.3M | −€47.3M | −€16.3M | −€53.1M | −€44.4M | −€27.7M | −€13.7M | −€30.5M | −€7.4M | −€21.8M | −€21.8M |
| Income taxes | −€243,230 | −€160,942 | −€159,776 | −€131,062 | −€295,000 | €786,000 | −€1.2M | €571,000 | −€2.0M | €171,972 | €103,250 | €103,250 |
| Net income | −€42.6M | −€47.1M | −€47.1M | −€16.1M | −€52.8M | −€45.2M | −€26.3M | −€13.1M | −€28.5M | −€7.6M | −€21.9M | −€21.9M |
| EBITDA | −€22.9M | −€25.4M | −€24.0M | −€28.7M | −€442,365 | −€1.4M | −€21.7M | −€10.9M | −€18.8M | −€17.8M | −€21.1M | −€21.1M |
| Gross margin | −100.3% | −60.2% | −56.8% | −49.2% | 12.2% | 19.8% | −3.4% | −3.4% | −1.4% | −53.5% | −6.9% | −6.9% |
| Operating margin | −359.4% | −164.7% | −163.5% | −203.3% | −11.9% | −6.3% | −37.1% | −34.1% | −49.8% | −202.4% | −256.3% | −256.3% |
| Net margin | −571.6% | −238.6% | −238.6% | −101.0% | −171.7% | −57.0% | −38.0% | −38.0% | −75.2% | −77.5% | −265.3% | −265.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in euros as reported in ADSE's financial statements (latest annual report filed May 15, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ADSE financial results
In fiscal year 2025 (ended December 31, 2025), ADS-TEC Energy reported revenue of €31.6 million, down 71.3% from the year before. It had a net loss of €55.2 million, a net profit margin of −174.9%. Over five years revenue grew at an average rate of −7.8% a year. Figures are in euros, the currency of its financial statements.
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ADSE income statement FAQ
What is ADS-TEC Energy's annual revenue?
ADS-TEC Energy reported total revenue of €31.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 71.3% from €110.0 million the previous year.
Is ADS-TEC Energy profitable?
No. ADS-TEC Energy reported a net loss of €55.2 million in fiscal 2025, a net profit margin of −174.9%; its operating margin was −179.6%.
What is ADS-TEC Energy's gross margin?
ADS-TEC Energy's gross margin was −51.6% in fiscal 2025: for every $100 of revenue, ADS-TEC Energy kept $-52 after the direct cost of its products and services.
How much does ADS-TEC Energy spend on research and development?
ADS-TEC Energy spent €8.5 million on research and development in fiscal 2025, 26.9% of revenue.
How fast is ADS-TEC Energy growing?
Revenue grew −7.8% a year on average over the last five fiscal years, from €47.4 million to €31.6 million.
When does ADS-TEC Energy's fiscal year end?
ADS-TEC Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on May 15, 2026.