ADUR

MKT CAP:$402M

Aduro Clean Technologies Inc.

Market Cap

$402M

Basic Materials·Chemicals - Specialty·🇨🇦 Canada·NASDAQ

Materials·Chemicals·🇨🇦·NASDAQ

Stock Price

$11.95+$1.38 (+13.06%)

Apr 24, 2026

Company Details

Aduro Clean Technologies Inc. develops water-based chemical recycling technologies. Its platform converts end-of-life plastics and tire rubber into specialty chemicals and fuels; upgrades heavy crude oils; and transforms renewable oils into...

CEO

Ofer Vicus

IPO Date

Nov 7, 2024

Website

www.adurocleantech.com

Key Metrics TTM

Revenue

$176.8K

-6.5% YoY

Net Income

-$13M

EPS (Diluted)

-$0.43

Free Cash Flow

-$11M

Revenue / Share

$0.01

Gross Margin

100.0%

Operating Margin

-7223.1%

Net Margin

-7496.7%

FCF Margin

-6462.1%

P/S

2272.6x

P/E

—

Earnings Reports

Q3 2026

Apr 14, 2026

NEW

$0-100.0%EPS -$0.04

Q2 2026

Jan 14, 2026

$89.7K+221.7%EPS -$0.15

Q1 2026

Oct 15, 2025

$32.5K-19.1%EPS -$0.15

FY 2025

Aug 27, 2025

$169.0K-31.5%EPS -$0.33

Q4 2025

Aug 27, 2025

$54.6K-27.0%EPS -$0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 22	$0	$0	-$964.7K
Q1 23	$0	$0	-$894.6K
Q2 23	$0	$0	-$861.7K
Q3 23	$42.6K	$42.6K	-$1M
Q4 23	$37.5K	$37.5K	-$1M
Q1 24	$42.8K	$42.8K	-$1M
Q2 24	$53.4K	$53.4K	-$2M
Q3 24	$75.7K	$75.7K	-$1M
Q4 24	$74.7K	$74.7K	-$1M
Q1 25	$40.2K	$40.2K	-$2M
Q2 25	$27.9K	$27.9K	-$2M
Q3 25	$46.3K	$46.3K	-$2M
Q4 25	$54.6K	$54.6K	-$2M
Q1 26	$32.5K	$32.5K	-$4M
Q2 26	$89.7K	$89.7K	-$4M
Q3 26	$0	$0	-$3M

Valuation

Quarter	P/S	P/E
Q4 22	—	—
Q1 23	—	—
Q2 23	—	—
Q3 23	2996.6x	—
Q4 23	1593.3x	—
Q1 24	1038.6x	—
Q2 24	724.0x	—
Q3 24	609.5x	—
Q4 24	517.5x	—
Q1 25	523.0x	—
Q2 25	761.9x	—
Q3 25	755.0x	—
Q4 25	1605.4x	—
Q1 26	1941.0x	—
Q2 26	1541.4x	—
Q3 26	1952.4x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 22	-$751.5K	-$928.2K
Q1 23	-$754.3K	-$1M
Q2 23	-$702.0K	-$1M
Q3 23	-$738.9K	-$925.8K
Q4 23	-$1M	-$2M
Q1 24	-$778.7K	-$937.7K
Q2 24	-$834.7K	-$1M
Q3 24	-$1M	-$1M
Q4 24	-$964.9K	-$1M
Q1 25	-$1M	-$2M
Q2 25	-$1M	-$1M
Q3 25	-$2M	-$2M
Q4 25	-$2M	-$3M
Q1 26	-$2M	-$3M
Q2 26	-$2M	-$3M
Q3 26	-$2M	-$2M

Capital Expenditures

Quarter	CapEx
Q4 22	$176.7K
Q1 23	$276.9K
Q2 23	$448.6K
Q3 23	$186.9K
Q4 23	$553.5K
Q1 24	$159.0K
Q2 24	$448.1K
Q3 24	$95.4K
Q4 24	$136.3K
Q1 25	$186.4K
Q2 25	$133.7K
Q3 25	$61.1K
Q4 25	$671.6K
Q1 26	$1M
Q2 26	$2M
Q3 26	$463.2K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 22	-100.0%	+707.5%
Q1 23	—	+0.0%
Q2 23	—	-5.4%
Q3 23	—	+94.7%
Q4 23	—	+24.2%
Q1 24	—	+32.6%
Q2 24	—	+80.9%
Q3 24	+77.8%	+11.7%
Q4 24	+99.2%	+13.0%
Q1 25	-6.1%	+54.5%
Q2 25	-47.8%	+45.5%
Q3 25	-38.8%	+47.5%
Q4 25	-27.0%	+79.9%
Q1 26	-19.1%	+97.9%
Q2 26	+221.7%	+79.2%
Q3 26	-100.0%	+23.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 22	$327.4K	—
Q1 23	$265.4K	—
Q2 23	$173.1K	—
Q3 23	$641.0K	1504.9%
Q4 23	$311.3K	829.8%
Q1 24	$225.9K	528.1%
Q2 24	$395.4K	740.2%
Q3 24	$351.6K	464.2%
Q4 24	$108.3K	144.9%
Q1 25	$430.5K	1071.0%
Q2 25	$747.1K	2680.1%
Q3 25	$681.6K	1471.1%
Q4 25	$505.4K	926.2%
Q1 26	$2M	5531.6%
Q2 26	$1M	1516.0%
Q3 26	$896.6K	—

OpEx Breakdown

Quarter	R&D	G&A
Q4 22	$240.9K	$710.9K
Q1 23	$263.2K	$614.2K
Q2 23	$319.8K	$521.5K
Q3 23	$318.6K	$1M
Q4 23	$399.5K	$756.0K
Q1 24	$580.2K	$539.7K
Q2 24	$598.9K	$885.2K
Q3 24	$581.5K	$884.7K
Q4 24	$986.7K	$277.1K
Q1 25	$904.1K	$835.1K
Q2 25	$982.7K	$1M
Q3 25	$1M	$1M
Q4 25	$1M	$1M
Q1 26	$2M	$2M
Q2 26	$2M	$2M
Q3 26	$1M	$1M

War Chest

Quarter	Cash	Short-term Investments	Total
Q4 22	$2M	$0	$2M
Q1 23	$2M	$0	$2M
Q2 23	$2M	$0	$2M
Q3 23	$1M	$0	$1M
Q4 23	$3M	$0	$3M
Q1 24	$2M	$0	$2M
Q2 24	$2M	$0	$2M
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$4M	$0	$4M
Q2 25	$7M	$0	$7M
Q3 25	$6M	$0	$6M
Q4 25	$5M	$0	$5M
Q1 26	$11M	$0	$11M
Q2 26	$10M	$0	$10M
Q3 26	$29M	$0	$29M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 22	17M	+3.7%	+221.7%
Q1 23	18M	+3.5%	+137.2%
Q2 23	20M	+11.1%	+22.2%
Q3 23	20M	+0.1%	+19.3%
Q4 23	20M	+0.7%	+15.8%
Q1 24	21M	+4.4%	+16.8%
Q2 24	22M	+5.2%	+10.7%
Q3 24	23M	+7.9%	+19.3%
Q4 24	28M	+17.1%	+38.8%
Q1 25	29M	+4.2%	+38.5%
Q2 25	29M	+2.2%	+34.5%
Q3 25	29M	-2.1%	+22.0%
Q4 25	29M	+2.2%	+6.4%
Q1 26	31M	+5.2%	+7.5%
Q2 26	31M	+1.3%	+6.6%
Q3 26	33M	+5.6%	+15.0%

Shares Outstanding