Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation

ADPT
Adaptive Biotechnologies CorporationUS flagNASDAQ Global Select
23.95
USD
-0.07
- -
3.82BMarket Cap
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.36
0.53
1.23
0.75
1.1
1.3
1.18
1.22
1.83
1.98
Basic EPS, GAAP
-0.4
-0.44
-0.99
-1.11
-1.48
-1.4
-1.56
-1.08
-0.39
-0.41
Free Cash Flow per Basic Share
-0.35
-0.36
2.81
-1.28
-1.81
-1.41
-1.16
-0.67
-0.32
-0.15
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-1.86
-2.09
4.56
5.4
4.27
3.24
2.13
1.37
1.42
0.9
Tangible Book Value per Share
-2.97
-3.17
3.51
4.46
3.37
2.36
1.27
0.54
0.64
0.14
Basic Weighted Avg Shares
106
106
69
131
140
143
144
147
152
155
Sales/Revenue/Turnover
38
56
85
98
154
185
170
179
277
308
Operating Margin (%)
-113.49
-89.39
-92.15
-155.33
-135.39
-108.03
-118.4
-86.81
-20.62
-12.16
Depreciation Expense
6
6
8
8
14
21
22
19
18
16
Net Income, GAAP
-43
-46
-69
-146
-207
-200
-225
-159
-59
-64
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-111.4
-83.44
-80.65
-148.63
-134.3
-108.03
-132.29
-89.12
-21.48
-20.73
Working Capital
184
158
534
622
289
452
322
186
210
333
LT Debt
- -
- -
37
104
107
99
89
79
70
402
Total Equity
-225
-258
571
743
604
464
308
202
225
151
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-13.42
Return on Common Equity (%)
- -
- -
- -
-22.25
-30.77
-37.48
-58.31
-62.41
-28.23
-39.58

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9
9
9
LT Borrowings
- -
- -
335
LT Finance Leases
70
69
67
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
154
160
159
Market Capitalization
2,497
2,217
3,412

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
300
292
421
Cash, Cash Equivalents & STI
227
218
344
Accounts Receivable, Net
50
48
50
Inventories
10
11
10
Total Current Liabilities
90
87
88
Payables & Accruals
14
17
16
ST Debt
9
9
9
Deferred Revenue
45
49
53

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-19.73%
11.12%
Free Cash Flow
- -
-15.63%
-50.5%
Net Income, GAAP
- -
-8.21%
-62.69%
Sales/Revenue/Turnover
- -
25.74%
54.77%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
43
46
47
179
2025
52
59
94
72
277
2026
71
72
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.33
-0.31
-0.22
-0.23
-1.08
2025
-0.2
-0.17
0.06
-0.09
-0.39
2026
-0.13
-0.25
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Chad Robins
Full Time Employees
624
Sector
Healthcare
Industry
Biotechnology
Address
1165 Eastlake Avenue East Seattle WA United States of America 98109
IPO Date
Jun 27, 2019
Business
Adaptive Biotechnologies Corporation Adaptive Biotechnologies Corporation (ADPT) develops an immune medicine platform that harnesses the adaptive immune system to create clinical diagnostics, research tools, and therapeutic insights through high-throughput sequencing of T-cell receptors (TCRs) and B-cell receptors (BCRs); its core products and services include clonoSEQ, an FDA-cleared minimal residual disease (MRD) test for monitoring blood cancers such as multiple myeloma, acute lymphoblastic leukemia (ALL), and chronic lymphocytic leukemia (CLL); immunoSEQ, a research-use-only platform for immune repertoire profiling used by academic, pharmaceutical, and biotech researchers in biomarker discovery and therapeutic development; T-Detect, a T-cell-based diagnostic platform targeting diseases like Lyme disease, Crohn's disease, multiple sclerosis, and infectious conditions; and immune medicine solutions encompassing pharma services and drug discovery partnerships. Founded in 2009 by brothers Chad Robins and Harlan Robins along with Christopher Carlson, and headquartered in Seattle, Washington, with additional facilities in South San Francisco, California, the company operates primarily in the United States, serving clinical, research, and biopharmaceutical customers focused on oncology, autoimmune disorders, and infectious diseases. Recent developments include the August 2025 termination of its multi-year collaboration with Genentech, a Roche subsidiary, which ended exclusivity obligations in oncology cell therapies and enabled recognition of approximately $41.2 million in non-cash revenue across 2025 while allowing Adaptive Biotechnologies to pivot toward digital TCR-antigen prediction models, new partnering opportunities, and a T-cell depletion program in autoimmunity; ongoing expansion of clonoSEQ adoption with projected 35% growth in fiscal 2025 test volumes; and strategic emphasis on profitability through controlled operating expenses amid $170 million in 2023 revenues and $158 million for the first nine months of 2024.

Company News

  • Insider Selling: Adaptive Biotechnologies (NASDAQ:ADPT) COO Sells $304,272.41 in Stock

  • Adaptive Biotechnologies to Report Third Quarter 2026 Financial Results on November 4, 2026

  • Adaptive Biotechnologies Corp (ADPT) Stock Down 3.5% but Still Overvalued -- GF Score: 68/100

  • Adaptive Biotechnologies Corporation (NASDAQ:ADPT) Stock Rated “Moderate Buy” by Sell-Side Brokerages

  • Adaptive Biotechnologies (NASDAQ:ADPT) Hits New 52-Week High – Still a Buy?

  • Adaptive Biotechnologies Highlights Role of Highly Sensitive MRD Testing in New International Myeloma Society Definition of Cure

  • Financial Comparison: Charles River Laboratories International (NYSE:CRL) versus Adaptive Biotechnologies (NASDAQ:ADPT)

  • Adaptive Biotechnologies (NASDAQ:ADPT) Reaches New 1-Year High – Should You Buy?

  • Adaptive Biotechnologies Announces Update to NCCN Guidelines® for Multiple Myeloma, Strengthening MRD Testing Recommendations and Specifically Referencing clonoSEQ®

  • Adaptive Biotechnologies Corporation (ADPT) Presents at Morgan Stanley 24th Annual Global Healthcare Conference Transcript

  • Adaptive Biotechnologies to Participate in the Morgan Stanley 24th Annual Global Healthcare Conference

  • Algert Global LLC Has $2.83 Million Position in Adaptive Biotechnologies Corporation $ADPT

  • Adaptive Biotech co-founder raises $15M for new startup to rethink how AI trains on science

  • Dimensional Fund Advisors LP Cuts Stock Holdings in Adaptive Biotechnologies Corporation $ADPT

  • Adaptive Biotechnologies: The MRD Separation Creates A Pure-Play Compounder

  • Adaptive Biotechnologies Corporation (ADPT) Hit a 52 Week High, Can the Run Continue?

  • Adaptive Biotechnologies Corporation (ADPT) Q2 2026 Earnings Call Transcript

  • Adaptive Biotechnologies (ADPT) Reports Q2 Earnings: What Key Metrics Have to Say

  • Adaptive Biotechnologies (ADPT) Reports Q2 Loss, Beats Revenue Estimates

  • Adaptive Biotechnologies Q2 Earnings Call Highlights