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Operating margin at other companies

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-13%+0.6pp
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12.4%-1.1pp
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VeracyteVCYT
14.3%+9.2pp
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19.2%-1.0pp
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13%-2.4pp

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$2.76B+93.6%
Enterprise value$2.89B+78.0%
P/S9.3×+1.8×

Profitability

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Gross margin75.3%+12.7pp
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

Calculated from Adaptive Biotechnologies’s reported figures.

Based on trailing twelve months.

The official record: Adaptive Biotechnologies’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Adaptive Biotechnologies's operating margin?
Adaptive Biotechnologies (ADPT) reported operating margin of -15.8% in Q1 2026.
How has Adaptive Biotechnologies's operating margin changed year-over-year?
Adaptive Biotechnologies's operating margin increased by 79.1% year-over-year, from -75.7% to -15.8%.
What is the long-term trend for Adaptive Biotechnologies's operating margin?
Over 5 years (2020 to 2025), Adaptive Biotechnologies's operating margin has grown at a -33.2% compound annual growth rate (CAGR), from -155.3% to -20.6%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.