The Tip Desk

Adaptive Biotechnologies Corp

Company Stats

Market Cap
$4.6B
as of Sep 30, 2026
Shares Outstanding
159.6M
Free Float
94.1%

Income Statement

Revenue
$277.0M
Operating Income
-$57.1M
Net Income
-$59.5M
EBITDA
-$41.0M
Revenue Growth, 3Y
14.3%
FCF Margin, 3Y Avg
-57.0%
FCF Margin, Worst Year
-98.1%

Cash Flow

Free Cash Flow
-$48.9M
FCF Yield
-1.1%
Owner FCF Yield
-2.2%

Balance Sheet

Cash & Equivalents
$70.5M

Returns & Capital

SBC, 3Y Avg
$56.0M

Cash Flow by Year

YearRevenueFCFMargin
FY2025$277.0M-$48.9M-17.7%
FY2024$179.0M-$98.9M-55.3%
FY2023$170.3M-$167.0M-98.1%
FY2022$185.3M-$200.3M-108.1%
FY2021$154.3M-$254.5M-164.9%

Annual filing data through FY ended December 31, 2025; shares and float as of October 30, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.

Earnings

Other Coverage