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

27.73 0.90 +3.35%
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) P/S ratio

Alert me on P/S ratio

As of 5 November 2026, Adaptive Biotechnologies Corporation (ADPT) trades at a P/S ratio of 14.5×. Over the past ten years it has ranged from 0.0× (June 2019) to 95.2× (December 2020); the current reading is higher than 67% of that period. That is above the Diagnostics & Research industry median of 4.2× and above the Healthcare sector median of 3.5×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 8.9× 80.37%
FY2024 4.9× 21.94%
FY2023 4.0× (32.57%)
FY2022 6.0× (76.49%)
FY2021 25.5× (67.64%)
FY2020 78.9× 224.20%
FY2019 24.3× —
FY2018 0.0× —
FY2017 0.0× —

Quarterly newest first

Period P/S ratio Change
Sep 2026 15.6× 39.76%
Jun 2026 11.1× 52.31%
Mar 2026 7.3× (17.86%)
Dec 2025 8.9× (1.40%)
29 more quarters

Against its own ten years

Low 0.0× High 95.2×
Ten-year median 8.7×
Current reading's percentile 67

P/S ratio against peers

Company P/S ratio
RDNT RadNet, Inc. compare 2.7×
NEO NeoGenomics, Inc. compare 2.7×
VCYT Veracyte, Inc. compare 3.3×
SHC Sotera Health Company compare 3.7×
WGS GeneDx Holdings Corp. compare 4.2×
CDNA CareDx, Inc. compare 8.1×
BLLN BillionToOne, Inc. compare 12.1×
ADPT Adaptive Biotechnologies Corporation 14.5×
GRAL GRAIL, Inc. compare 34.9×
Diagnostics & Research industry median 4.2×
Healthcare sector median 3.5×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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