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Other financials

Income statement

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Revenue$70.9M+35.1%
Gross profit$52.2M+47.1%
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:OperatingIncomeLoss.

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
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
Interest expense(2,889)(2,905)
Net loss(20,015)(29,830)
Add: Net income attributable to noncontrolling interest(18)(22)

Item 1. Financial Statements (Unaudited)

FAQ

What is Adaptive Biotechnologies's operating income?
Adaptive Biotechnologies (ADPT) reported operating income of -$19.21M in Q1 2026.
How has Adaptive Biotechnologies's operating income changed year-over-year?
Adaptive Biotechnologies's operating income increased by 35.1% year-over-year, from -$29.6M to -$19.21M.
What is the long-term trend for Adaptive Biotechnologies's operating income?
Over 4 years (2021 to 2025), Adaptive Biotechnologies's operating income has grown at a -27.7% compound annual growth rate (CAGR), from -$208.97M to -$57.12M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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