ADAPTIVE BIOTECHNOLOGIES CORPORATION

EDGAR

Annual consolidated revenue for 2025: about USD 277M, using the latest reported figures. The previous period, 2024, was about USD 179M.

Watchlist

Latest quarter

Revenue

71.6 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating margin

-22.04%

2026 Q2 · %

Exact inputs and evidence
  • Operating Income: -15770000 USD Source
  • Revenue: 71553000 USD Source

Operating cash flow

-6.4 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -15937000 USD Source
  • Operating Cash Flow: -9537000 USD Source

Free cash flow

-7.58 million USD

2026 Q2 · USD

Exact inputs and evidence
  • Operating Cash Flow: -15937000 USD Source
  • Operating Cash Flow: -9537000 USD Source
  • Capital Expenditure: 1980000 USD Source
  • Capital Expenditure: 796000 USD Source
Cash and cash equivalents
170 million USD Source
Exact value

169873000 USD

Long-term debt including current maturities
Not available
Shares outstanding
159 million shares Source
Exact value

159059622 shares

Reported share-count change

4.48% · 6.82 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 152234772 shares · 2025-06-30· Source
  • 159059622 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

308 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 93973000 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 276976000 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 205295000 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 70874000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 71553000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-63.9 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 9546000 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -59499000 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -45920000 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -20033000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: -39788000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-21 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -48041000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -40914000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -45986000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -48041000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9537000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -15937000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -9537000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

3.03 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Capital expenditure: 2323000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1914000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 2959000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 2323000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 796000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1980000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 796000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-24 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: -48041000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -40914000 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: -45986000 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: -48041000 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -9537000 USD · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: -15937000 USD · 2026-01-01 – 2026-06-30 Source
  • Operating cash flow: -9537000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 2323000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 1914000 USD · 2025-01-01 – 2025-06-30 Source
  • Capital expenditure: 2959000 USD · 2025-01-01 – 2025-12-31 Source
  • Capital expenditure: 2323000 USD · 2025-01-01 – 2025-09-30 Source
  • Capital expenditure: 796000 USD · 2026-01-01 – 2026-03-31 Source
  • Capital expenditure: 1980000 USD · 2026-01-01 – 2026-06-30 Source
  • Capital expenditure: 796000 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-04.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 9 of 11 periods available· newest 2025-12-31
  • Operating income: 9 of 11 periods available· newest 2025-12-31
  • Net income: 9 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 9 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 9 of 11 periods available· newest 2025-12-31
  • Total assets: 9 of 11 periods available· newest 2025-12-31
  • Total liabilities: 9 of 11 periods available· newest 2025-12-31
  • Current assets: 9 of 11 periods available· newest 2025-12-31
  • Current liabilities: 9 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 9 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • Shares outstanding: 9 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +54.8%

    Prior period

    USD 178.96 million

    –

    Current period

    USD 276.98 million

    –

    Exact inputs and evidence

    276976000 − 178957000 = 98019000 USD

    178957000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    276976000 USD · 2025-01-01 – 2025-12-31

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  • Net income

    +USD 99.99 million

    Prior period

    −USD 159.49 million

    –

    Current period

    −USD 59.5 million

    –

    Exact inputs and evidence

    -59499000 − -159492000 = 99993000 USD

    -159492000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -59499000 USD · 2025-01-01 – 2025-12-31

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  • Operating cash flow

    +USD 49.23 million

    Prior period

    −USD 95.21 million

    –

    Current period

    −USD 45.99 million

    –

    Exact inputs and evidence

    -45986000 − -95212000 = 49226000 USD

    -95212000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -45986000 USD · 2025-01-01 – 2025-12-31

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  • Capital expenditure

    -19.2%

    Prior period

    USD 3.66 million

    –

    Current period

    USD 2.96 million

    –

    Exact inputs and evidence

    2959000 − 3664000 = -705000 USD

    3664000 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    2959000 USD · 2025-01-01 – 2025-12-31

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 276.98 million 100% of revenue
  • Operating costs Derived USD 334.1 million 121% of revenue
  • Operating income −USD 57.12 million −21% of revenue
  • Tax, interest and other Derived USD 2.38 million 0.9% of revenue
  • Net income −USD 59.5 million −21% of revenue

Cash

  • Operating cash flow −USD 45.99 million −17% of revenue
  • Capital expenditure USD 2.96 million 1.1% of revenue
  • Free cash flow Derived −USD 48.95 million −18% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2017 Operating loss: operating costs were 216% of revenue.
  • 2018 Operating loss: operating costs were 189% of revenue.
  • 2019 Operating loss: operating costs were 192% of revenue.
  • 2020 Operating loss: operating costs were 255% of revenue.
  • 2021 Operating loss: operating costs were 235% of revenue.
  • 2022 Operating loss: operating costs were 208% of revenue.
  • 2023 Operating loss: operating costs were 233% of revenue.
  • 2024 Operating loss: operating costs were 191% of revenue.
  • 2025 Operating loss: operating costs were 121% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2017 2017-01-01 – 2017-12-3138448000 82923000 Derived -44475000 -1644000 Derived -42831000 -37279000 Derived
Source
2018 2018-01-01 – 2018-12-3155663000 105419000 Derived -49756000 -3309000 Derived -46447000 -38558000 Derived
Source
2019 2019-01-01 – 2019-12-3185071000 163462000 Derived -78391000 -9785000 Derived -68606000 194204000 Derived
Source
2020 2020-01-01 – 2020-12-3198382000 251199000 Derived -152817000 -6590000 Derived -146227000 -168486000 Derived
Source
2021 2021-01-01 – 2021-12-31154344000 363310000 Derived -208966000 -1687000 Derived -207279000 -254473000 Derived
Source
2022 2022-01-01 – 2022-12-31185308000 385494000 Derived -200186000 5000 Derived -200191000 -200294000 Derived
Source
2023 2023-01-01 – 2023-12-31170276000 397311000 Derived -227035000 -1785000 Derived -225250000 -167021000 Derived
Source
2024 2024-01-01 – 2024-12-31178957000 341506000 Derived -162549000 -3057000 Derived -159492000 -98876000 Derived
Source
2025 2025-01-01 – 2025-12-31276976000 334099000 Derived -57123000 2376000 Derived -59499000 -48945000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 277M 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.299.1M224.4M149.6M74.8M0.0201720212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Revenue38448000
2018Revenue55663000
2019Revenue85071000
2020Revenue98382000
2021Revenue154344000
2022Revenue185308000
2023Revenue170276000
2024Revenue178957000
2025Revenue276976000

Revenue growth

Change in revenue from the same financial period one year earlier.

54.8% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.62%43%24%6%-13%201720212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2017Year over yearNo prior comparable period
2018Year over year44.8%
2019Year over year52.8%
2020Year over year15.6%
2021Year over year56.9%
2022Year over year20.1%
2023Year over year-8.1%
2024Year over year5.1%
2025Year over year54.8%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -20.6% 2025
Net margin -21.5% 2025
Free cash flow margin -17.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.260%144%29%-87%-203%201720212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2017Operating margin-115.7%
2018Operating margin-89.4%
2019Operating margin-92.1%
2020Operating margin-155.3%
2021Operating margin-135.4%
2022Operating margin-108%
2023Operating margin-133.3%
2024Operating margin-90.8%
2025Operating margin-20.6%
2017Net margin-111.4%
2018Net margin-83.4%
2019Net margin-80.6%
2020Net margin-148.6%
2021Net margin-134.3%
2022Net margin-108%
2023Net margin-132.3%
2024Net margin-89.1%
2025Net margin-21.5%
2017Free cash flow margin-97%
2018Free cash flow margin-69.3%
2019Free cash flow margin228.3%
2020Free cash flow margin-171.3%
2021Free cash flow margin-164.9%
2022Free cash flow margin-108.1%
2023Free cash flow margin-98.1%
2024Free cash flow margin-55.3%
2025Free cash flow margin-17.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD -46M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.237.3M121.8M6.3M-109.1M-224.6M201720212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Operating cash flow-34858000
2018Operating cash flow-32259000
2019Operating cash flow205404000
2020Operating cash flow-149683000
2021Operating cash flow-192727000
2022Operating cash flow-183945000
2023Operating cash flow-156324000
2024Operating cash flow-95212000
2025Operating cash flow-45986000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -48.9M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.230.1M100.0M-30.1M-160.3M-290.4M201720212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2017Free cash flow-37279000
2018Free cash flow-38558000
2019Free cash flow194204000
2020Free cash flow-168486000
2021Free cash flow-254473000
2022Free cash flow-200294000
2023Free cash flow-167021000
2024Free cash flow-98876000
2025Free cash flow-48945000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

56.1% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.67%51%34%17%0%201720212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2017Liabilities / assets7.1%
2018Liabilities / assets9%
2019Liabilities / assets37.4%
2020Liabilities / assets33.4%
2021Liabilities / assets34.6%
2022Liabilities / assets45.8%
2023Liabilities / assets53.4%
2024Liabilities / assets62.5%
2025Liabilities / assets56.1%

Current assets to current liabilities

Current assets divided by current liabilities.

3.34× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.10.55×7.92×5.28×2.64×0.00×201720212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2017Current assets / current liabilities9.77×
2018Current assets / current liabilities7.93×
2019Current assets / current liabilities7.82×
2020Current assets / current liabilities6.91×
2021Current assets / current liabilities3.54×
2022Current assets / current liabilities5.12×
2023Current assets / current liabilities4.66×
2024Current assets / current liabilities2.89×
2025Current assets / current liabilities3.34×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2017 2017-01-01 – 2017-12-31
−USD 42.83 million
Exact value

Exact value: -42831000 USD

2017-01-01 – 2017-12-31: -42831000 USD Inspect Net Income Open source
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−USD 34.86 million
Exact value

Exact value: -34858000 USD

2017-01-01 – 2017-12-31: -34858000 USD Inspect Operating Cash Flow Open source
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USD 2.42 million
Exact value

Exact value: 2421000 USD

2017-01-01 – 2017-12-31: 2421000 USD Inspect Capital Expenditure Open source
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−USD 37.28 million
Calculation and evidence

-34858000 − 2421000 USD

Exact free cash flow: -37279000 USD

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2018 2018-01-01 – 2018-12-31
−USD 46.45 million
Exact value

Exact value: -46447000 USD

2018-01-01 – 2018-12-31: -46447000 USD Inspect Net Income Open source
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−USD 32.26 million
Exact value

Exact value: -32259000 USD

2018-01-01 – 2018-12-31: -32259000 USD Inspect Operating Cash Flow Open source
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USD 6.3 million
Exact value

Exact value: 6299000 USD

2018-01-01 – 2018-12-31: 6299000 USD Inspect Capital Expenditure Open source
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−USD 38.56 million
Calculation and evidence

-32259000 − 6299000 USD

Exact free cash flow: -38558000 USD

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2019 2019-01-01 – 2019-12-31
−USD 68.61 million
Exact value

Exact value: -68606000 USD

2019-01-01 – 2019-12-31: -68606000 USD Inspect Net Income Open source
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USD 205.4 million
Exact value

Exact value: 205404000 USD

2019-01-01 – 2019-12-31: 205404000 USD Inspect Operating Cash Flow Open source
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USD 11.2 million
Exact value

Exact value: 11200000 USD

2019-01-01 – 2019-12-31: 11200000 USD Inspect Capital Expenditure Open source
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USD 194.2 million
Calculation and evidence

205404000 − 11200000 USD

Exact free cash flow: 194204000 USD

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2020 2020-01-01 – 2020-12-31
−USD 146.23 million
Exact value

Exact value: -146227000 USD

2020-01-01 – 2020-12-31: -146227000 USD Inspect Net Income Open source
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−USD 149.68 million
Exact value

Exact value: -149683000 USD

2020-01-01 – 2020-12-31: -149683000 USD Inspect Operating Cash Flow Open source
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USD 18.8 million
Exact value

Exact value: 18803000 USD

2020-01-01 – 2020-12-31: 18803000 USD Inspect Capital Expenditure Open source
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−USD 168.49 million
Calculation and evidence

-149683000 − 18803000 USD

Exact free cash flow: -168486000 USD

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2021 2021-01-01 – 2021-12-31
−USD 207.28 million
Exact value

Exact value: -207279000 USD

2021-01-01 – 2021-12-31: -207279000 USD Inspect Net Income Open source
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−USD 192.73 million
Exact value

Exact value: -192727000 USD

2021-01-01 – 2021-12-31: -192727000 USD Inspect Operating Cash Flow Open source
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USD 61.75 million
Exact value

Exact value: 61746000 USD

2021-01-01 – 2021-12-31: 61746000 USD Inspect Capital Expenditure Open source
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−USD 254.47 million
Calculation and evidence

-192727000 − 61746000 USD

Exact free cash flow: -254473000 USD

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2022 2022-01-01 – 2022-12-31
−USD 200.19 million
Exact value

Exact value: -200191000 USD

2022-01-01 – 2022-12-31: -200191000 USD Inspect Net Income Open source
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−USD 183.95 million
Exact value

Exact value: -183945000 USD

2022-01-01 – 2022-12-31: -183945000 USD Inspect Operating Cash Flow Open source
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USD 16.35 million
Exact value

Exact value: 16349000 USD

2022-01-01 – 2022-12-31: 16349000 USD Inspect Capital Expenditure Open source
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−USD 200.29 million
Calculation and evidence

-183945000 − 16349000 USD

Exact free cash flow: -200294000 USD

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2023 2023-01-01 – 2023-12-31
−USD 225.25 million
Exact value

Exact value: -225250000 USD

2023-01-01 – 2023-12-31: -225250000 USD Inspect Net Income Open source
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−USD 156.32 million
Exact value

Exact value: -156324000 USD

2023-01-01 – 2023-12-31: -156324000 USD Inspect Operating Cash Flow Open source
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USD 10.7 million
Exact value

Exact value: 10697000 USD

2023-01-01 – 2023-12-31: 10697000 USD Inspect Capital Expenditure Open source
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−USD 167.02 million
Calculation and evidence

-156324000 − 10697000 USD

Exact free cash flow: -167021000 USD

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2024 2024-01-01 – 2024-12-31
−USD 159.49 million
Exact value

Exact value: -159492000 USD

2024-01-01 – 2024-12-31: -159492000 USD Inspect Net Income Open source
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−USD 95.21 million
Exact value

Exact value: -95212000 USD

2024-01-01 – 2024-12-31: -95212000 USD Inspect Operating Cash Flow Open source
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USD 3.66 million
Exact value

Exact value: 3664000 USD

2024-01-01 – 2024-12-31: 3664000 USD Inspect Capital Expenditure Open source
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−USD 98.88 million
Calculation and evidence

-95212000 − 3664000 USD

Exact free cash flow: -98876000 USD

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2025 2025-01-01 – 2025-12-31
−USD 59.5 million
Exact value

Exact value: -59499000 USD

2025-01-01 – 2025-12-31: -59499000 USD Inspect Net Income Open source
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−USD 45.99 million
Exact value

Exact value: -45986000 USD

2025-01-01 – 2025-12-31: -45986000 USD Inspect Operating Cash Flow Open source
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USD 2.96 million
Exact value

Exact value: 2959000 USD

2025-01-01 – 2025-12-31: 2959000 USD Inspect Capital Expenditure Open source
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−USD 48.95 million
Calculation and evidence

-45986000 − 2959000 USD

Exact free cash flow: -48945000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

45 filings · 2,536 latest values · 2,536 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001478320, 1478320, ADPT, edgar:1478320

Also known as ADAPTIVE BIOTECHNOLOGIES CORPORATION, Adaptive Biotechnologies Corp, Adaptive TCR Corp