Adaptive Biotechnologies Corporation

ADPT Healthcare Diagnostics & Research

Adaptive Biotechnologies Corporation’s revenue for fiscal 2025 (year ended December 2025) was $277.0 million, up 54.8% from fiscal 2024.

Revenue
−10.7%
EPS
−66.7%
Free cash flow
+201.9%

Quarter to September 2026, against a year earlier

26.96 0.25 +0.94%
Market cap
$4.3B
P/E
0.0×
Fwd P/E
−49.4×
Dividend yield
—
F-score
6/9
Altman Z
2.08
Beneish M
−2.44
Dividend safety
n/a

Adaptive Biotechnologies Corporation (ADPT) Net margin

Alert me on Net margin

Adaptive Biotechnologies Corporation's net margin over the twelve months to 30 September 2026 was −23.7%, down 2.2 percentage points from fiscal 2025 (−21.5%). Over the past ten years it has ranged from −148.6% (fiscal 2020) to −21.5% (fiscal 2025) — the current reading is the highest in ten years. That is below the Diagnostics & Research industry median of −4.10% and below the Healthcare sector median of 0.00%.

Net margin, annual

Embed this chart

Annual newest first

Period Net margin Change (points)
FY2025 −21.5% 67.64
FY2024 −89.1% 43.17
FY2023 −132.3% (24.26)
FY2022 −108.0% 26.27
FY2021 −134.3% 14.33
FY2020 −148.6% (66.85)
FY2019 −81.8% 1.48
FY2018 −83.3% 27.79
FY2017 −111.1% —

Quarterly newest first

Period Net margin Change (points)
Sep 2026 3.43% 59.04
Jun 2026 −55.6% (27.34)
Mar 2026 −28.3% (9.33)
Dec 2025 −18.9% (29.10)
29 more quarters

Against its own ten years

Low −148.6% High −21.5%
Ten-year median −108.0%
Current reading's percentile 90

Net margin against peers

Company Net margin
CDNA CareDx, Inc. compare 25.9%
VCYT Veracyte, Inc. compare 21.8%
SHC Sotera Health Company compare 14.1%
BLLN BillionToOne, Inc. compare 11.2%
RDNT RadNet, Inc. compare −0.93%
NEO NeoGenomics, Inc. compare −4.10%
WGS GeneDx Holdings Corp. compare −23.4%
ADPT Adaptive Biotechnologies Corporation −23.7%
GRAL GRAIL, Inc. compare −243.8%
Diagnostics & Research industry median −4.10%
Healthcare sector median 0.00%
Market median 1.06%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

More on ADPT