Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation

ADPT
Adaptive Biotechnologies CorporationUS flagNASDAQ Global Select
24.28
USD
-0.29
- -
3.89BMarket Cap
Adaptive Biotechnologies Corporation
ADPT
(NASDAQ Global Select)

Recent

price

24.28

P/E

ratio

- -

div

yld

- -

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
0.36
0.53
1.23
0.75
1.1
1.3
1.18
1.22
1.83
1.52
Revenue per Share
-0.4
-0.44
-0.99
-1.11
-1.48
-1.4
-1.56
-1.08
-0.39
-0.16
Basic EPS, GAAP
-0.35
-0.36
2.81
-1.28
-1.81
-1.41
-1.16
-0.67
-0.32
-0.11
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-1.86
-2.09
4.56
5.4
4.27
3.24
2.13
1.37
1.42
- -
Book Value per Share
-2.97
-3.17
3.51
4.46
3.37
2.36
1.27
0.54
0.64
- -
Tangible Book Value per Share
106
106
69
131
140
143
144
147
152
155
Basic Weighted Avg Shares
38
56
85
98
154
185
170
179
277
237
Sales/Revenue/Turnover
-113.49
-89.39
-92.15
-155.33
-135.39
-108.03
-118.4
-86.81
-20.62
-9.17
Operating Margin (%)
6
6
8
8
14
21
22
19
18
12
Depreciation Expense
-43
-46
-69
-146
-207
-200
-225
-159
-59
-24
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
-111.4
-83.44
-80.65
-148.63
-134.3
-108.03
-132.29
-89.12
-21.48
-10.17
Profit Margin (%)
184
158
534
622
289
452
322
186
210
- -
Working Capital
- -
- -
37
104
107
99
89
79
70
- -
LT Debt
-225
-258
571
743
604
464
308
202
225
- -
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-13.42
Return on Capital (%)
- -
- -
- -
-22.25
-30.77
-37.48
-58.31
-62.41
-28.23
-26.78
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
9
9
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
70
69
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
154
160
160
Market Capitalization
2,497
2,217
3,426

Working Capital

FRC

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

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
- -
- -
- -
- -

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
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

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

  • 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

  • Adaptive Biotechnologies Reports Second Quarter 2026 Financial Results

  • Caxton Associates LLP Has $500,000 Stake in Adaptive Biotechnologies Corporation $ADPT

  • D.A. Davidson & CO. Sells 60,300 Shares of Adaptive Biotechnologies Corporation $ADPT

  • Adaptive Biotechnologies (ADPT) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

  • Adaptive Biotechnologies (ADPT) Upgraded to Buy: What Does It Mean for the Stock?

  • Amova Asset Management Americas Inc. Sells 352,593 Shares of Adaptive Biotechnologies Corporation $ADPT

  • An Adaptive Biotechnologies Insider Sold $8.5 Million in Stock After an 85% Run

  • Adaptive Biotechnologies to Report Second Quarter 2026 Financial Results on July 29, 2026

  • Adaptive Biotechnologies Business Separation May Unlock Greater Value

  • Adaptive Biotechnologies Corporation Prices Upsized $300 Million Convertible Senior Notes Offering