Adaptive Biotechnologies Corp
Adaptive Biotechnologies Corp
Adaptive Biotechnologies Corp (ADPT) — SEC Financial Statements & Analysis
Adaptive Biotechnologies Corp (ADPT) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 78 | 70 | 55 | 43 | 51 | 48 | 38 | 60 | 71 | 65 | 89 | 109 | |||||
Available For Sale Securities Debt Securities Curr… | 141 | 156 | 158 | 155 | 143 | 174 | 205 | 232 | 238 | 281 | 282 | 308 | |||||
Accounts Receivable Net Current | 48 | 50 | 45 | 44 | 44 | 42 | 41 | 36 | 42 | 38 | 31 | 32 | |||||
Inventory Net | 11 | 10 | 10 | 8 | 9 | 8 | 12 | 13 | 13 | 14 | 19 | 19 | |||||
Prepaid Expense And Other Assets Current | 14 | 13 | 14 | 11 | 11 | 11 | 12 | 11 | 10 | 11 | 13 | 9 | |||||
Assets Current | 292 | 300 | 281 | 262 | 256 | 284 | 308 | 352 | 374 | 410 | 435 | 477 | |||||
Assets Noncurrent | |||||||||||||||||
Property Plant And Equipment Net | 31 | 34 | 37 | 41 | 44 | 49 | 51 | 55 | 65 | 68 | 77 | 79 | |||||
Operating Lease Right Of Use Asset | 40 | 41 | 42 | 43 | 44 | 46 | 47 | 49 | 51 | 52 | 75 | 77 | |||||
Available For Sale Securities Debt Securities Nonc… | 19 | 13 | 4 | 24 | 39 | 34 | 24 | - | - | - | - | - | |||||
Restricted Cash Noncurrent | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
Finite Lived Intangible Assets Net | 1 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 5 | 5 | 6 | 6 | |||||
Goodwill | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | |||||
Other Assets Noncurrent | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 3 | 3 | |||||
Assets | 506 | 513 | 491 | 497 | 511 | 539 | 559 | 585 | 620 | 661 | 718 | 765 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 10 | 6 | 10 | 7 | 6 | 7 | 7 | 10 | 12 | 8 | 4 | 9 | |||||
Accrued Liabilities Current | 7 | 8 | 7 | 7 | 8 | 8 | 6 | 7 | 8 | 9 | 10 | 8 | |||||
Employee Related Liabilities Current | 6 | 17 | 13 | 10 | 6 | 16 | 12 | 10 | 6 | 14 | 11 | 11 | |||||
Operating Lease Liability Current | 9 | 9 | 9 | 10 | 10 | 10 | 10 | 10 | 10 | 9 | 9 | 9 | |||||
Contract With Customer Liability Current | 49 | 45 | 41 | 55 | 55 | 56 | 52 | 52 | 47 | 49 | 55 | 58 | |||||
Long Term Debt Current | 6 | 5 | 2 | 3 | 2 | 1 | - | - | - | - | 3 | - | |||||
Liabilities Current | 87 | 90 | 83 | 92 | 88 | 98 | 88 | 88 | 83 | 88 | 93 | 95 | |||||
Liabilities Noncurrent | |||||||||||||||||
Operating Lease Liability Noncurrent | 69 | 70 | 72 | 74 | 76 | 79 | 82 | 84 | 87 | 89 | 92 | 94 | |||||
Contract With Customer Liability Noncurrent | 1 | 1 | 1 | 20 | 25 | 27 | 33 | 39 | 44 | 45 | 44 | 51 | |||||
Long Term Debt Noncurrent | 125 | 127 | 129 | 130 | 132 | 132 | 133 | 132 | 132 | 131 | 127 | - | |||||
Other Liabilities Noncurrent | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | - | - | - | |||||
Liabilities | 282 | 288 | 286 | 317 | 321 | 337 | 335 | 343 | 346 | 353 | 356 | 369 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,600 | 1,582 | 1,554 | 1,539 | 1,524 | 1,506 | 1,493 | 1,480 | 1,467 | 1,453 | 1,437 | 1,422 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 | 0 | -0 | -1 | |||||
Retained Earnings Accumulated Deficit | -1,383 | -1,363 | -1,350 | -1,359 | -1,334 | -1,304 | -1,270 | -1,238 | -1,192 | -1,144 | -1,075 | -1,025 | |||||
Stockholders Equity | 224 | 225 | 204 | 180 | 190 | 202 | 224 | 241 | 275 | 308 | 362 | 396 | |||||
Minority Interest | 8 | 6 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | |||||
Liabilities And Stockholders Equity | 506 | 513 | 491 | 497 | 511 | 539 | 559 | 585 | 620 | 661 | 718 | 765 | |||||
Debt Securities Available For Sale Amortized Cost … | 141 | 156 | 158 | 155 | 143 | 174 | 205 | 232 | 238 | 281 | 283 | 309 | |||||
Debt Securities Available For Sale Amortized Cost … | 19 | 13 | 4 | 24 | 39 | 34 | 24 | - | - | - | - | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 | 340 | |||||
Common Stock Shares Issued | 160 | 154 | 153 | 152 | 152 | 148 | 148 | 147 | 147 | 145 | 145 | 145 | |||||
Shares Outstanding | 160 | 154 | 153 | 152 | 152 | 148 | 148 | 147 | 147 | 145 | 145 | 145 | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 9.94% | 52.10% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 21.33% | 41.03% | 41.17% | 19.28% | 19.64% | 55.84% | 11.77% | -5.06% | 5.46% | -17.50% | -12.09% | -22.05% |
| 2024 | 10.93% | 16.40% | 45.02% | 9.21% | 4.49% | 5.17% | 5.51% | 11.72% | 41.92% | -5.31% | -2.47% | 10.25% |
| 2023 | - | - | - | -22.61% | -36.31% | -48.24% | 9.56% | 14.22% | -7.93% | -21.17% | -41.61% | -12.17% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 3.35 | 3.34 | 3.38 | 2.84 | 2.92 | 2.89 | 3.52 | 3.99 | 4.51 | 4.66 | 4.67 | 5.00 | |||||
| Quick Ratio | 3.06 | 3.08 | 3.09 | 2.63 | 2.70 | 2.69 | 3.24 | 3.72 | 4.23 | 4.37 | 4.31 | 4.71 | |||||
| Working Capital | 204.80M | 210.27M | 198.07M | 169.72M | 168.68M | 185.70M | 220.72M | 263.43M | 291.08M | 322.17M | 341.94M | 381.47M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.26 | 1.28 | 1.40 | 1.77 | 1.68 | 1.66 | 1.50 | 1.42 | 1.26 | 1.14 | 0.98 | 0.93 | |||||
| Interest Coverage TTM | -3.97 | -4.85 | -6.64 | -10.31 | -12.48 | -14.04 | -17.16 | -17.66 | -16.48 | -16.45 | -13.58 | -16.67 | |||||
| Debt Ratio | 0.56 | 0.56 | 0.58 | 0.64 | 0.63 | 0.62 | 0.60 | 0.59 | 0.56 | 0.53 | 0.50 | 0.48 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.58 | 0.53 | 0.48 | 0.38 | 0.34 | 0.30 | 0.28 | 0.25 | 0.25 | 0.22 | 0.22 | 0.24 | |||||
| Days Sales Outstanding TTM | 56.77 | 60.68 | 61.83 | 71.05 | 82.43 | 81.28 | 74.14 | 72.62 | 76.34 | 83.63 | 58.66 | 53.19 | |||||
| Receivables Turnover TTM | 6.43 | 6.01 | 5.90 | 5.14 | 4.43 | 4.49 | 4.92 | 5.03 | 4.78 | 4.36 | 6.22 | 6.86 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.32 | -0.39 | -0.49 | -0.80 | -0.95 | -1.08 | -1.32 | -1.45 | -1.48 | -1.56 | -1.35 | -1.32 | |||||
| Free Cash Flow Per Share TTM | -0.19 | -0.32 | -0.41 | -0.54 | -0.59 | -0.67 | -0.78 | -0.93 | -0.99 | -1.16 | -1.18 | -1.18 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 75.26% | 74.24% | 71.84% | 66.04% | 62.53% | 59.72% | 58.46% | 54.77% | 57.06% | 55.63% | 59.64% | 64.09% | |||||
| Operating Profit Margin TTM | -15.82% | -20.62% | -30.93% | -59.02% | -75.66% | -90.83% | -112.69% | -129.23% | -125.27% | -133.33% | -108.61% | -100.01% | |||||
| Net Profit Margin TTM | -16.80% | -21.47% | -31.49% | -59.06% | -74.82% | -89.12% | -110.13% | -126.50% | -123.26% | -132.29% | -109.10% | -100.74% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 55.87% | 54.77% | 42.57% | 21.60% | 8.61% | 5.10% | -1.34% | -10.99% | -5.33% | -8.11% | 6.93% | 18.74% | |||||
| Net Income Growth (1Y) | -65.00% | -62.72% | -59.24% | -43.23% | -34.07% | -29.19% | -0.41% | 11.78% | 10.15% | 12.42% | -11.53% | -17.75% | |||||
| EPS Growth (1Y) | -66.42% | -63.86% | -60.55% | -44.97% | -35.57% | -30.50% | -2.31% | 9.49% | 8.43% | 10.96% | -12.62% | -18.91% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -43.49 | -41.44 | -28.65 | -14.62 | -7.82 | -5.53 | -3.87 | -2.50 | -2.18 | -3.14 | -4.02 | -5.07 | |||||
| P/B | 9.63 | 10.95 | 11.16 | 9.87 | 5.82 | 4.36 | 3.38 | 2.21 | 1.70 | 2.29 | 2.18 | 2.45 | |||||
| P/S TTM | 7.31 | 8.90 | 9.02 | 8.63 | 5.85 | 4.93 | 4.26 | 3.16 | 2.68 | 4.15 | 4.39 | 5.11 | |||||
| Market Cap | 2.16B | 2.46B | 2.28B | 1.77B | 1.11B | 881.87M | 755.28M | 533.64M | 467.98M | 707.48M | 788.64M | 968.91M | |||||
| Enterprise Value | 2.21B | 2.52B | 2.36B | 1.86B | 1.19B | 967.23M | 849.90M | 605.90M | 528.29M | 773.07M | 829.85M | 859.67M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -29.54M | -48.95M | -62.94M | -82.81M | -88.76M | -98.88M | -114.54M | -136.59M | -144.81M | -167.02M | -171.35M | -169.73M | |||||
| Net Debt | 52.97M | 60.71M | 76.80M | 90.40M | 82.92M | 85.36M | 94.62M | 72.26M | 60.31M | 65.60M | 41.21M | -109.24M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
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Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
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| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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