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Segments

By product

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Service$58.09M+48.1%
Regulatory Milestone Revenue$9M+100%
Service And Licensing Revenue$3.78M
Collaboration Revenue$0-100%

By segment

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Mrd Business$67.09M+53.5%
Immune Medicine Business$3.78M-56.6%

Other financials

Income statement

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Revenue$70,874$52,443
Operating expenses
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

Item 1. Financial Statements (Unaudited)

FAQ

What is Adaptive Biotechnologies's total revenue?
Adaptive Biotechnologies (ADPT) reported total revenue of $70.87M in Q1 2026.
How has Adaptive Biotechnologies's total revenue changed year-over-year?
Adaptive Biotechnologies's total revenue increased by 35.1% year-over-year, from $52.44M to $70.87M.
What is the long-term trend for Adaptive Biotechnologies's total revenue?
Over 4 years (2021 to 2025), Adaptive Biotechnologies's total revenue has grown at a 15.7% compound annual growth rate (CAGR), from $154.34M to $276.98M.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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