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Adaptive Biotechnologies ADPT Noncash Lease Expense

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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$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
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 adpt:NoncashLeaseExpense.

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 noncash lease expense?
Adaptive Biotechnologies (ADPT) reported noncash lease expense of $1.45M in Q1 2026.
How has Adaptive Biotechnologies's noncash lease expense changed year-over-year?
Adaptive Biotechnologies's noncash lease expense increased by 10.5% year-over-year, from $1.31M to $1.45M.
What is the long-term trend for Adaptive Biotechnologies's noncash lease expense?
Over 4 years (2021 to 2025), Adaptive Biotechnologies's noncash lease expense has grown at a -6.5% compound annual growth rate (CAGR), from $7.03M to $5.36M.
What does noncash lease expense mean?
This represents the non-cash portion of lease expenses recognized in the operating section of the cash flow statement. It reflects the systematic allocation of lease costs that do not involve an immediate cash outflow, helping to reconcile net income to operating cash flow. Investors use this to distinguish between actual cash lease payments and accounting-based lease expense accruals.