
Adaptive Biotechnologies Corporation
NASDAQ•ADPT
CEO: Mr. Chad M. Robins M.B.A.
Sector: Healthcare
Industry: Biotechnology
Listing Date: 2019-06-27
Adaptive Biotechnologies Corporation, a commercial-stage company, develops an immune medicine platform for the diagnosis and treatment of various diseases. The company offers immunosequencing platform which combines a suite of proprietary chemistry, computational biology, and machine learning to generate clinical immunomics data to decode the adaptive immune system. It also provides clonoSEQ diagnostic test which detects and monitors the remaining number of cancer cells that are present in a patient's body during and after treatment, known as Minimal Residual Disease (MRD). The company offers products and services for life sciences research, clinical diagnostics, and drug discovery applications. Adaptive Biotechnologies Corporation has strategic collaborations with Genentech, Inc. for the development, manufacture, and commercialization of neoantigen directed T cell therapies for the treatment of a range of cancers; and Microsoft Corporation to develop diagnostic tests for the early detection of various diseases from a single blood test. The company was formerly known as Adaptive TCR Corporation and changed its name to Adaptive Biotechnologies Corporation in December 2011. Adaptive Biotechnologies Corporation was incorporated in 2009 and is headquartered in Seattle, Washington.
Contact Information
Market Cap
$2.26B
P/E (TTM)
-18.6
44.6
Dividend Yield
--
52W High
$17.89
52W Low
$4.27
52W Range
2.2
F-Score
Modified Piotroski Analysis
Based on 8-year fundamentals
Weak • 2.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2017-2024
Financial Dashboard
Q3 2025 Data
Revenue
$93.97M+102.38%
4-Quarter Trend
EPS
$0.06-127.27%
4-Quarter Trend
FCF
-$7.54M-72.50%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Quarterly Revenue Surge Total revenue reached $94.0 M for the quarter, marking a 102% increase over prior period results.
Return to Quarterly Profitability Achieved $9.5 M net income this quarter, reversing prior period's $32.1 M net loss significantly.
MRD Revenue Strong Growth Nine-month MRD revenue grew $45.1 M, driven by $37.3 M increase from clonoSEQ clinical customers.
Cash Position Adequate Cash, cash equivalents, and marketable securities totaled $212.8 M as of September 30, 2025.
Risk Factors
Genentech Collaboration Ending Genentech Agreement terminated; winding down impacts future Immune Medicine revenue streams post-February 2026.
Reliance on Third Parties Expected reliance on collaborators for clinical testing and regulatory approval may fail due to unforeseen events.
NOL Utilization Limitation Federal NOL deductibility is subject to annual limitation under Section 382 analysis; deferred tax assets fully reserved.
Outlook
MRD Revenue Growth Expected Expect MRD revenue to increase long term via enhanced penetration, new patient populations, and optimized payor coverage.
Immune Medicine Revenue Decline Immune Medicine revenue expected to decrease short term following termination of the Genentech collaboration agreement.
Platform Expansion Focus Plan to utilize existing cash to fund commercial marketing for clonoSEQ and continued drug discovery R&D.
Peer Comparison
Revenue (TTM)
TVTX$435.83M
ARQT$317.93M
$316.64M
Gross Margin (Latest Quarter)
475.5%
IBRX99.4%
ARQT91.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| IRON | $3.13B | -16.3 | -31.6% | 0.3% |
| ARQT | $2.97B | -69.8 | -29.7% | 1.7% |
| TVTX | $2.89B | -32.6 | -178.7% | 61.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+25.6%
Strong Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 5, 2025|Revenue: $93.97M+102.4%|EPS: $0.06-127.3%BeatForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 5, 2025|Revenue: $58.88M+36.3%|EPS: $-0.17-45.2%BeatForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 1, 2025|Revenue: $52.44M+25.2%|EPS: $-0.20-39.4%BeatForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Mar 3, 2025|Revenue: $178.96M+5.1%|EPS: $-1.08+30.8%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 7, 2024|Revenue: $46.44M+22.5%|EPS: $-0.22-37.1%BeatForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 1, 2024|Revenue: $43.19M-11.7%|EPS: $-0.31-6.1%BeatForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 7, 2024|Revenue: $41.87M+11.2%|EPS: $-0.33-17.5%BeatForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $170.28M-8.1%|EPS: $-1.56-56.0%Miss