Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation

ADPTยทNASDAQ

$15.99

+5.0%
HealthcareBiotechnology

Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunoSEQ, a platform and core immunosequencing product that is used to answer translational research questions, as well as to discover new prognostic and diagnostic signals; and T-Detect COVID for the confirmation of past COVID-19 infection. It also provides clonoSEQ, a clinical diagnostic product for the detection and monitoring of minimal residual disease in patients with multiple myeloma, B cell acute lymphoblastic leukemia, and chronic lymphocytic leukemia, as well as available as a CLIA-validated laboratory developed test for patients with other lymphoid cancers; and immunoSEQ T-MAP COVID for vaccine developers and researchers to measure the T-cell immune response to vaccines. In addition, the company offers a pipeline of clinical products and services that are used for the diagnosing, monitoring, and treatment of diseases, such as cancer, autoimmune conditions, and infectious diseases. It serves the life sciences research, clinical diagnostics, and drug discovery applications. Adaptive Biotechnologies Corporation has strategic collaborations with Genentech, Inc. for the development, manufacture, and commercialization of neoantigen directed T cell therapies for the treatment of a range of cancers; and Microsoft Corporation to develop diagnostic tests for the early detection of various diseases from a single blood test. The company was formerly known as Adaptive TCR Corporation and changed its name to Adaptive Biotechnologies Corporation in December 2011. Adaptive Biotechnologies Corporation was incorporated in 2009 and is headquartered in Seattle, Washington.

At a Glance

Live Snapshot
Market Cap$2.56B
EPS-0.3900
P/E Ratio-41.00
Earnings Date08/04/2026
3Y-75.0%
5Y-69.0%
10Y+32.0%
3Y+1206.0%
5Y-132.0%
10Y+4.0%
3Y-77.0%
5Y-90.0%
10Y-39.0%
ADPT

Adaptive Biotechnologies Corporation Cash Conversion Engine

ADPT ยท NASDAQ
Net Income-59.50M
Depreciation & Amortization0.00
Stock-Based Compensation51.48M
Change in Working Capital-57.77M
Others19.80M
Capital Expenditures-2.96M
Free Cash Flow-48.95M

Cash Flow Quality Analysis

FCF Conversion Rate

82.3%

Strong cash conversion. Most reported earnings translate into actual cash flow, suggesting solid fundamentals.

CapEx Intensity

-6.4%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+50.5%

Strong FCF growth demonstrates improving cash generation and business momentum. Positive signal for sustainability.

Working Capital Impact

-$57.77M

Significant working capital drain. Growth may be consuming cash through inventory buildup or receivables extensionโ€”monitor closely.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Adaptive Biotechnologies Corporation Cash Flow Statement

ADPT โ€ข NASDAQ

Adaptive Biotechnologies Corporation Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
OPERATING ACTIVITIES
-59.5M
-159.6M
-225.3M
-200.2M
-207.3M
-146.2M
-68.6M
-46.4M
-42.8M
0.0
19.3M
22.2M
28.1M
21M
8.5M
7.8M
6M
5.8M
0.0
0.0
0.0
0.0
0.0
773K
-1.9M
-1.2M
637K
51.5M
53.6M
0.0
0.0
0.0
24.8M
13.1M
11.1M
7M
19.8M
9M
92.9M
59.6M
50.4M
3.3M
43K
5K
6K
-57.8M
-17.5M
-46.2M
-71.5M
-56.8M
-40.8M
254.9M
-1.7M
-5.5M
-46M
-95.2M
-156.3M
-183.9M
-192.7M
-149.7M
205.4M
-32.3M
-34.9M
INVESTING ACTIVITIES
-3M
-3.7M
-10.7M
-16.3M
-61.7M
-18.8M
-11.2M
-6.3M
-2.5M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(98.2M)
(470.5M)
(19K)
(85K)
-181.7M
-244.3M
-429.6M
-278.8M
-316.5M
-695M
-884.2M
-146.5M
-125.2M
222.6M
325.7M
569.9M
298M
559.5M
596.7M
413.7M
153.5M
163.9M
0.0
0.0
0.0
0.0
0.0
-98.2M
-470.5M
19K
122K
(38M)
(77.8M)
(129.6M)
(2.9M)
(181.2M)
-117M
-481.7M
(736K)
(36.4M)
FINANCING ACTIVITIES
30.4M
241K
2.2M
7.9M
26.7M
272.2M
320.9M
0.0
0.0
0.0
0.0
0.0
124.4M
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
429K
21.4M
-934K
1.2M
207K
30.4M
241K
2.2M
132.3M
27.1M
293.6M
319.9M
1.2M
50M
CASH FLOW SUMMARY
0.0
0.0
-534K
-260K
0.0
0.0
0.0
0.0
0.0
22.4M
-17.2M
-25M
-49M
15.6M
26.9M
43.6M
-30.3M
51.6M
50.8M
68M
90M
139.1M
123.4M
98.7M
55.1M
85.4M
33.8M
73.2M
50.8M
65.1M
90M
139.1M
125.6M
98.7M
55.1M
85.4M
-48.9M
-98.9M
-167M
-200.3M
-254.5M
-168.5M
194.2M
-38.6M
-37.4M

SEC Filings

ADPT - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 05, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 24, 2026
June 05, 2026
2026
10-K

10-K 2025 FY

FY

February 26, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 05, 2026
February 05, 2026
2026
8-K

8-K 2026

N/A

January 12, 2026
January 12, 2026
2026
8-K

8-K 2025

N/A

December 30, 2025
December 30, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 05, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 05, 2025
November 05, 2025
2025
8-K

8-K 2025

N/A

August 18, 2025
August 13, 2025
2025
Showing 1 to 10 of 108 filings