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+49.0%
5Y+182.0%
10Y+620.0%
3Y-70.0%
5Y-59.0%
10Y+39.0%
3Y-75.0%
5Y-69.0%
10Y+32.0%
Adaptive Biotechnologies Corporation

Adaptive Biotechnologies Corporation Profit Bridge

ADPT ยท NASDAQ
Revenue276.98M
Cost of Goods Sold (71.36M)
Gross Profit205.62M
Operating Expenses (262.74M)
Operating Income-57.12M
Interest Expense (11.78M)
Other Income/Expense-2.33M
Pretax Income-59.46M
Income Tax (0.00)
Net Income-59.50M
Net Income
-59.50M

Profitability Analysis

Gross Margin

74.2%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-20.6%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-21.5%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Adaptive Biotechnologies Corporation Income Statement

ADPT โ€ข NASDAQ

Adaptive Biotechnologies Corporation Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
REVENUE
277M
179M
170.3M
185.3M
154.3M
98.4M
85.1M
55.7M
38.4M
GROSS PROFIT
(71.4M)
(72.1M)
(75.6M)
(57.9M)
(49.3M)
(22.5M)
(22.3M)
(19.7M)
(15.7M)
205.6M
106.9M
94.7M
127.4M
105M
75.9M
62.8M
36M
22.8M
OPERATING INCOME
(262.7M)
(269.4M)
(321.8M)
(327.6M)
(314M)
(228.7M)
(141.2M)
(85.8M)
(66.4M)
(167.3M)
(157.6M)
(172.5M)
(184.1M)
(170M)
(110.9M)
(68.8M)
(44.9M)
(32.7M)
(93.8M)
(103M)
(122.1M)
(141.8M)
(142.3M)
(116.1M)
(70.7M)
(39.2M)
(32M)
-57.1M
-162.5M
-227M
-200.2M
-209M
-152.8M
-78.4M
-49.8M
-44.5M
PRE-TAX INCOME
(11.8M)
(11.6M)
(13.8M)
(4.2M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-2.3M
3M
1.7M
-182K
1.7M
6.6M
9.8M
3.3M
1.6M
(1.7M)
(8.9M)
(27.1M)
(1.7M)
(1.7M)
(1.7M)
(1.7M)
(1.7M)
(1.7M)
-2.3M
3M
1.7M
-182K
1.7M
6.6M
9.8M
3.3M
1.6M
-59.5M
-159.6M
-225.3M
-200.4M
-207.3M
-146.2M
-68.6M
-46.4M
-42.8M
NET INCOME
-59.5M
-159.5M
-225.3M
-200.2M
-207.3M
-146.2M
-68.6M
-46.4M
-42.8M

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