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Segments

By segment

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Mrd Business$12.52M+31.8%

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:GeneralAndAdministrativeExpense.

The source filing: Adaptive Biotechnologies’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 4:30 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-206546
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Cost of revenue18,70816,979
Research and development23,62324,203
Sales and marketing26,34623,047
General and administrative20,98417,399
Amortization of intangible assets419419
Total operating expenses90,08082,047
Loss from operations(19,206)(29,604)
Interest and other income, net2,0802,679

Item 1. Financial Statements (Unaudited)

FAQ

What is Adaptive Biotechnologies's G&A?
Adaptive Biotechnologies (ADPT) reported G&A of $20.98M in Q1 2026.
How has Adaptive Biotechnologies's G&A changed year-over-year?
Adaptive Biotechnologies's G&A increased by 20.6% year-over-year, from $17.4M to $20.98M.
What is the long-term trend for Adaptive Biotechnologies's G&A?
Over 4 years (2021 to 2025), Adaptive Biotechnologies's G&A has grown at a -0.6% compound annual growth rate (CAGR), from $74.5M to $72.7M.
What does G&A mean?
Overhead costs not directly tied to production or sales — corporate management, legal, accounting, office rent, insurance, and other administrative functions.

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