Skip to content
TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Revenue by Business
Immune Medicine Business$59.7M-7.6%$64.64M+4.0%$62.16M+83.2%$33.94M+3.1%$32.9M-1.6%
Mrd Business$235.71M+11.0%$212.33M+11.4%$190.6M+11.3%$171.28M+9.4%$156.62M+7.6%
Adjusted Ebitda by Business
Mrd Business$31.44M+107%$15.19M+949%-$1.79M+88.0%-$14.87M+47.0%-$28.08M+31.9%
Research And Development Expense by Business
Immune Medicine Business$55.31M-1.0%$55.86M-1.9%$56.96M-0.4%$57.21M+0.6%$56.88M-4.7%
Mrd Business$35.09M+0.2%$35.03M-0.5%$35.19M-0.7%$35.43M-4.2%$36.98M-9.2%
Revenue by Product
Collaboration Revenue$37.68M-8.7%$41.28M-7.8%$44.78M+208%$14.55M+17.6%$12.36M-8.1%
Regulatory Milestone Revenue$24M+23.1%$19.5M+18.2%$16.5M+10.0%$15M+20.0%$12.5M0.0%
Service And Licensing Revenue$21.3M-8.8%$23.36M+3.8%$22.51M+3.9%$21.67M+4.1%$20.82M+4.2%
Service$211.71M+9.8%$192.83M+10.8%$174.1M+11.4%$156.28M+8.4%$144.12M+8.3%

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Questions, answered.

How does Adaptive Biotechnologies break its business down?
Adaptive Biotechnologies (ADPT) reports revenue by business across 2 parts — Immune Medicine Business and Mrd Business. Each is extracted from the segment footnotes and tracked over time.
Where does Adaptive Biotechnologies's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Adaptive Biotechnologies's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.