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Adaptive Biotechnologies ADPT Mrd Business — Goodwill

Other segment segments

Immune Medicine Business
$22.6M0.0%

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Other financials

Income statement

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Revenue$70.9M+35.1%
Gross profit$52.2M+47.1%
Operating income-$19.2M+35.1%
Net income-$20.0M+32.9%
EPS (diluted)-$0.13+35.0%

Balance sheet

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Cash & equivalents$77.6M+53.2%
Total debt$208.2M-5.6%
Total equity$216.3M+13.6%
Total assets$505.9M-1.0%

Cash flow

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Operating cash flow-$9.5M+66.5%
CapEx$796.0K-36.8%
Free cash flow-$10.3M+65.3%

Valuation

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Market cap$3.75B+111%
Enterprise value$3.88B+98.7%
P/S12.7×+4.0×

Profitability

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Gross margin75.3%+12.7pp
Operating margin-15.8%-7.0pp
Net margin-16.8%-7.3pp
FCF margin-10.5%-4.6pp

Returns & leverage

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Return on equity-24.4%-9.2pp
Debt / equity-0.2×
Current ratio3.4×+0.4×

Where this comes from

Reported directly by Adaptive Biotechnologies in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The source filing: Adaptive Biotechnologies’s 10-K, filed February 26, 2026.

Filed
Feb 26, 2026, 4:31 PM EST
Fiscal year
FY2025
Accession
0001193125-26-076902

There have been no changes in the carrying amount of goodwill since its recognition in 2015. In conjunction with our organizational realignment in 2024, we allocated goodwill among our two reporting units using a relative fair value approach. Goodwill allocated to the MRD and Immune Medicine reporting units as of December 31, 2025 was $96.4 million and $22.6 million, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Adaptive Biotechnologies's mrd business — goodwill?
Adaptive Biotechnologies (ADPT) reported mrd business — goodwill of $96.4M in Q4 2025.
What does mrd business — goodwill mean?
This represents the intangible asset value recorded when the MRD business segment was acquired, reflecting the premium paid over the fair value of its net identifiable assets. It serves as a measure of the segment's long-term strategic value and potential for future economic benefits.

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