Adaptive Biotechnologies Corporation ADPT R2KR3KPHARMA
Company Overview
Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunosequencing platform which combines a suite of proprietary chemistry, computational biology, and machine learning to generate clinical immunomics data to decode the adaptive immune system. It provides clonoSEQ diagnostic test which detects and monitors the remaining number of cancer cells that are present in a patient's body during and after treatment, known as Minimal Residual Disease (MRD). The company offers products and services for life sciences research, clinical diagnostics, and drug discovery applications. 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.
Why Investors Should Care
Revenue has grown at a 28.0% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $276.98M (+54.8% YoY); net profit $-59.50M.
- Trailing 12 Months Year-on-year growth — revenue +21.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 28.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 28.00% |
| 1 Year: | 21.50% |
Stock Price Performance
| 1 Year: | +86.77% |
| 6 Months: | +63.39% |
| 3 Months: | +43.67% |
| 1 Month: | +2.88% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)48.44 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 28.0% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ADPT Adaptive Biotechnologies Corporation R2KR3KPHARMA | 24.28 | -60.70 | $3.86B | 0.00% | -13.51% | -38.76% | 28.00% | - |
| 2 | LLY Eli Lilly and Company SPXR3KPHARMA | 1,149.36 | 38.57 | $1.02T | 0.58% | - | 102.29% | 7.20% | 11.41% |
| 3 | JNJ Johnson & Johnson SPXR3KPHARMA | 275.23 | 31.97 | $663.28B | 2.09% | 14.88% | 25.74% | 2.43% | 4.76% |
| 4 | ABBV AbbVie Inc. SPXR3KPHARMA | 256.46 | 72.45 | $453.19B | 2.84% | 10.47% | -129.24% | 1.75% | -29.06% |
| 5 | MRK Merck & Co., Inc. SPXR3KPHARMA | 150.33 | 120.26 | $371.29B | 2.65% | - | 34.70% | 5.64% | 10.01% |
| 6 | UNH UnitedHealth Group Incorporated SPXR3KPHARMA | 397.14 | 25.54 | $356.47B | 2.33% | 9.74% | 14.15% | 10.40% | 5.43% |
| 7 | NVS Novartis AG PHARMA | 159.99 | 24.20 | $304.10B | 3.03% | 21.09% | 30.35% | 9.25% | 26.22% |
| 8 | AZN AstraZeneca PLC NDXPHARMA | 162.70 | 24.36 | $252.33B | 1.98% | 15.97% | 21.96% | 9.82% | 45.96% |
| 9 | AMGN Amgen Inc. NDXSPXR3KPHARMA | 437.23 | 27.14 | $235.98B | 2.49% | 13.95% | 91.47% | 5.51% | 5.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Jun 2018 | Sep 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.57M | 17.19M | 12.67M | 22.14M | 26.06M | 20.91M | 20.99M | 26.30M | 38.44M | 38.51M | 39.47M | 38.62M | 43.66M | 47.83M | 37.65M | 48.93M | 37.92M | 41.87M | 43.19M | - | - | 52.44M | 58.88M | 93.97M | 71.68M | 70.87M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 16.98M | 18.00M | 18.16M | 18.22M | 18.71M | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 35.46M | 40.88M | 75.82M | 53.46M | 52.17M | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 65.07M | 65.92M | 65.53M | 66.23M | 71.37M | - |
| Operating Income | -13.31M | -9.16M | -20.05M | -16.11M | -18.05M | -34.62M | -36.91M | -37.05M | -41.28M | -49.77M | -56.33M | -63.07M | -52.50M | -45.43M | -57.19M | -47.82M | -50.96M | -48.76M | -47.32M | - | - | -29.60M | -25.04M | 10.29M | -12.77M | -19.21M | - |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -22.19M | -18.14M | 16.92M | -6.43M | -13.29M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.90M | 2.95M | 2.97M | 2.95M | 2.89M | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -29.83M | -25.59M | 9.54M | -13.58M | -20.02M | - |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Income | -12.49M | -8.29M | -18.39M | -15.66M | -13.95M | -31.40M | -33.53M | -36.72M | -40.64M | -49.30M | -55.90M | -62.74M | -52.05M | -45.28M | -57.70M | -47.81M | -50.30M | -47.51M | -46.22M | - | - | -29.85M | -25.61M | 9.55M | -13.58M | -20.03M | - |
| Diluted EPS | - | - | - | - | - | - | - | - | - | -0.35 | -0.40 | -0.44 | -0.37 | -0.32 | -0.40 | -0.33 | -0.35 | -0.33 | -0.31 | - | - | - | -0.17 | 0.06 | -0.09 | -0.13 | -0.25 |
| R&D Expense | 9.45M | 9.78M | 12.48M | 16.53M | 20.51M | 23.93M | 25.99M | 30.31M | 33.77M | 37.80M | 36.07M | 37.84M | 37.04M | 35.66M | 32.60M | 32.24M | 28.53M | 30.25M | 25.35M | 24.16M | - | 24.20M | 24.13M | 23.67M | - | 23.62M | - |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.45M | 55.66M | 85.07M | 98.38M | 154.34M | 185.31M | 170.28M | 178.96M | 276.98M |
| Cost of Revenue | - | - | - | - | - | 57.91M | 75.55M | 72.08M | 71.36M |
| Gross Profit | - | - | - | - | - | 127.40M | 94.72M | 106.88M | 205.62M |
| Operating Expenses | - | - | - | - | - | 327.58M | 296.33M | 262.22M | 262.74M |
| Operating Income | -44.48M | -49.76M | -78.39M | -152.82M | -208.97M | -200.19M | -201.61M | -155.34M | -57.12M |
| EBITDA | - | - | - | - | - | -175.21M | -189.27M | -128.76M | -29.85M |
| Interest Expense | - | - | - | - | - | 4.24M | 13.80M | 11.58M | 11.78M |
| Pretax Income | - | - | - | - | - | -200.37M | -225.30M | -159.59M | -59.46M |
| Tax Provision | - | - | - | - | - | - | - | - | - |
| Net Income | -42.83M | -46.45M | -68.61M | -146.23M | -207.28M | -200.19M | -225.25M | -159.49M | -59.50M |
| Diluted EPS | - | - | - | -1.11 | -1.48 | -1.40 | -1.56 | -1.08 | -0.39 |
| R&D Expense | 32.00M | 39.16M | 70.70M | 116.07M | 142.34M | 141.76M | 122.12M | 102.95M | 93.77M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 332.69M | 912.30M | 1.12B | - | 856.62M | 661.13M | 539.38M | 512.74M |
| Current Assets | - | - | - | - | - | - | 562.15M | 410.19M | 283.75M | 300.19M |
| Cash & Equivalents | - | - | 55.03M | 96.58M | 123.44M | - | 90.03M | 65.06M | 47.92M | 70.50M |
| Inventory | - | - | - | - | - | - | 14.45M | 14.45M | 8.44M | 9.82M |
| Receivables | - | - | - | - | - | - | 40.06M | 37.97M | 41.73M | 50.37M |
| Total Liabilities | - | - | 29.94M | 341.26M | 373.15M | - | 392.52M | 352.86M | 336.89M | 287.74M |
| Current Liabilities | - | - | 22.80M | 78.31M | 105.20M | - | 109.79M | 88.02M | 98.05M | 89.92M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Debt | - | - | - | - | - | - | 108.00M | 98.77M | 89.39M | 79.15M |
| Total Equity | -189.73M | -224.62M | -258.11M | 571.04M | 743.27M | - | 464.17M | 308.40M | 202.71M | 218.79M |
| Shares Outstanding | - | - | - | - | - | - | 143.11M | 145.08M | 147.77M | 153.78M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -34.86M | -32.26M | 205.40M | -149.68M | - | -183.94M | -156.32M | -95.21M | -45.99M |
| Investing Cash Flow | 36.43M | 736.00K | -481.70M | -117.04M | - | 2.90M | 129.65M | 77.79M | 37.95M |
| Financing Cash Flow | 50.03M | 1.25M | 319.92M | 293.59M | - | 132.26M | 2.25M | 241.00K | 30.40M |
| Capital Expenditure | -2.42M | -6.30M | -11.20M | -18.80M | - | -16.35M | -10.70M | -3.66M | -2.96M |
| Free Cash Flow | -37.28M | -38.56M | 194.20M | -168.49M | - | -200.29M | -167.02M | -98.88M | -48.95M |
| Net Change in Cash | - | - | - | - | - | -48.77M | -24.43M | -17.18M | 22.37M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | 68.7% | 55.6% | 59.7% | 74.2% |
| Operating Margin % | -115.7% | -89.4% | -92.1% | -155.3% | -135.4% | -108.0% | -118.4% | -86.8% | -20.6% |
| Net Margin % | -111.4% | -83.4% | -80.6% | -148.6% | -134.3% | -108.0% | -132.3% | -89.1% | -21.5% |
| ROE % | 19.1% | 18.0% | -12.0% | -19.7% | - | -43.1% | -73.0% | -78.7% | -27.2% |
| ROCE % | - | -16.1% | -9.4% | -15.1% | - | -26.8% | -35.2% | -35.2% | -13.5% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Viking Global Investors, L.P. | 18.79% | 29.99M | $755.54M |
| 2 | Blackrock Inc. | 9.49% | 15.14M | $381.36M |
| 3 | Vanguard Capital Management LLC | 4.01% | 6.40M | $161.31M |
| 4 | Wellington Management Group, LLP | 3.70% | 5.91M | $148.91M |
| 5 | Vanguard Portfolio Management LLC | 3.43% | 5.48M | $137.95M |
| 6 | Shaw D.E. & Co., Inc. | 2.90% | 4.63M | $116.53M |
| 7 | Westfield Capital Management Co LP | 2.67% | 4.27M | $107.50M |
| 8 | Geode Capital Management, LLC | 2.28% | 3.64M | $91.74M |
| 9 | State Street Corporation | 2.17% | 3.46M | $87.12M |
| 10 | Invesco Ltd. | 1.94% | 3.09M | $77.94M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for ADPT
Adaptive Biotechnologies Stock Has Doubled in the Past Year. Here’s What Could Come Next.
Adaptive Biotechnologies (ADPT) has surged 100% over the past year, driven by strong technical momentum. Shares recently hit a new 3-year high. Analyst sentiment is mixed with price targets ranging from $17 to $30. Investor focus has shifte…
Adaptive Biotechnologies Corp (ADPT) (Q2 2026) Earnings Call Highlights: MRD Revenue Surges ...
Adaptive Biotechnologies Corp (ADPT) reports a strong Q2 with MRD revenue up 49% (ex-milestones) and raises full-year guidance, while progressing the separation of its Immune Medicine business.
Adaptive Biotechnologies (ADPT) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Adaptive Biotechnologies (ADPT) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates …
Adaptive Biotechnologies (ADPT) Reports Q2 Loss, Beats Revenue Estimates
Adaptive Biotechnologies (ADPT) delivered earnings and revenue surprises of +23.08% and +7.98%, respectively, for the quarter ended June 2026. Do the numbers hold clues to what lies ahead for the stock?…
Adaptive Biotechnologies Q2 Earnings Call Highlights
Adaptive Biotechnologies (NASDAQ:ADPT) reported second-quarter results marked by accelerating growth in its minimal residual disease, or MRD, business, improved margins and an increased full-year revenue outlook. The company also outlined f…
Adaptive Biotechnologies (ADPT) After Loss Forecasts Improve Is The Rally Already Priced In
Investors are watching Adaptive Biotechnologies (ADPT) after forecasts pointed to a reduced quarterly loss of $0.13 per share and 12.6% revenue growth for the June 2026 quarter, alongside its track record of beating earnings estimates. See …
ADPT — Frequently Asked Questions
What is the current share price of Adaptive Biotechnologies Corporation (ADPT)?
As of 2026-09-07 16:24 PDT, Adaptive Biotechnologies Corporation (ADPT) trades at $24.28 on NasdaqGS. Its 52-week range is $12.30 to $26.44.
What is the market capitalisation of ADPT?
Adaptive Biotechnologies Corporation (ADPT) has a market capitalisation of $3.86B on NasdaqGS.
What is the P/E ratio of ADPT?
ADPT trades at a trailing price-to-earnings (P/E) ratio of -60.70. The industry average P/E is 25.17. Its price-to-book (P/B) ratio is 27.76.
What is the return on equity (ROE) of ADPT?
ADPT has a return on equity (ROE) of -38.76%. Its return on capital employed (ROCE) is -13.51%.
Is ADPT a good stock to buy?
This page provides a data-driven analysis of Adaptive Biotechnologies Corporation (ADPT), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.