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Adaptive Biotechnologies Corp (ADPT) stock

ADPTNasdaqBiological Products, (No Diagnostic Substances)Fiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 4, 2026Score 12/30329% above fair value
$29.48−0.46 (-1.54%)

Close on Nov 12, 2026Market cap $4.70BP/E –Yield –

Adaptive Biotechnologies Corp grew revenue 17.9% to $298.01M over the twelve months to Sep 30, 2026. Free cash flow was -$8.82M. At the latest close the market valued the company at $4.70B.

Revenue
$298.01M
+17.9% vs. a year earlier
Operating income
-$48.21M
TTM Q3 2026
Free cash flow
-$8.82M
TTM Q3 2026
EPS, diluted
-$0.45
TTM Q3 2026

Key statistics

Valuation at the latest close; fundamentals over the trailing twelve months, balances at Sep 30, 2026

Valuation

Market cap
$4.70B
P/E ratio
–
Price to sales
15.79
Price to book
26.70
Dividend yield
–
Free cash flow yield
-0.19%

Fundamentals

Revenue
$298.01M
Net income
-$70.52M
EPS, diluted
-$0.45
Free cash flow
-$8.82M
Book value per share
$0.94
Diluted shares
187M

Trading

Next earnings
Feb 4, 2027 (estimated, after the close)
Previous close
$29.94
Open
$29.20
Day's range
$28.59 – $29.78
Volume
1,920,480
Average volume (20 days)
2,197,728
Index membership
Russell 2000 (since Jun 2022), Russell 3000
Beta (5 years)
1.79
52-week range
$12.00 – $32.21
RSI (14 days)
62.1
Volatility (1 year)
66.6%
Relative volume
1.14×
WACC
13.8%

Index membership is inferred from the holdings of funds that track each index (IWM, IWV), as reported to the SEC for Jun 30, 2026. Join dates come from quarterly fund reports since 2019, so they are accurate to the quarter.

Market cap history

Month-end market cap since 2019, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

PeriodADPTS&P 500DifferenceADPT per yearS&P 500 per year
1 month+15.3%-2.7%+18.0 pts
3 months+16.8%-1.7%+18.5 pts
Year to date+81.5%+11.9%+69.6 pts
1 year+103.3%+12.0%+91.3 pts
3 years+739.9%+78.2%+661.7 pts+103.3%+21.2%
5 years-11.2%+73.2%−84.5 pts-2.4%+11.6%

Ten years at a glance

Fiscal years 2016 to 2025 and trailing twelve months, USD

Revenue

$298.01M+17.9% YoY

Gross profit

$220.98M+21.7% YoY

Operating income

-$48.21M

Net income

-$70.52M

EPS, diluted

-$0.45

Free cash flow

-$8.82M
Reported periodTrailing twelve months

Press releases

Releases Adaptive Biotechnologies filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Adaptive Biotechnologies

Biological Products, (No Diagnostic Substances)

Adaptive Biotechnologies Corporation operates an immune medicine platform that decodes the adaptive immune system to diagnose and treat diseases. The company is organized into two primary segments: the Minimal Residual Disease (MRD) business and the Immune Medicine (IM) business. In its MRD division, the company provides the clonoSEQ diagnostic test to measure residual disease burden in lymphoid malignancies, serving clinicians in healthcare settings and biopharmaceutical companies conducting clinical drug development trials. The IM business sequences, maps, and characterizes immune receptors, offering solutions such as immunosequencing services, data licensing, predictive models, and target discovery services to academic and biopharmaceutical partners.

Company profile, executives and history

Adaptive Biotechnologies stock: common questions

What is Adaptive Biotechnologies's stock price?

ADPT closed at $29.48 on Nov 12, 2026, down 1.54% on the day. Over the past 52 weeks it traded between $12.00 and $32.21.

What is Adaptive Biotechnologies's market cap?

Adaptive Biotechnologies was worth $4.70B at the close on Nov 12, 2026: the share price times the diluted shares outstanding.

What is ADPT's P/E ratio?

Adaptive Biotechnologies lost money over the twelve months to Sep 30, 2026 (diluted EPS -$0.45), so it has no meaningful P/E ratio.

How much revenue does Adaptive Biotechnologies make?

Adaptive Biotechnologies reported revenue of $298.01M for the twelve months to Sep 30, 2026, up 17.9% from a year earlier.

Does Adaptive Biotechnologies pay a dividend?

No. Adaptive Biotechnologies has not paid a cash dividend over the last twelve months.

When does Adaptive Biotechnologies report earnings next?

Adaptive Biotechnologies is expected to report Q4 FY2026 results on Feb 4, 2027, after the close. The date is estimated from its past reporting pattern until the company confirms it.

How has ADPT stock performed over the past year?

Including dividends, ADPT returned +103.3% over the past year, against +12.0% for the S&P 500.

How many ADPT shares are sold short?

11M shares were sold short at the latest FINRA report, 9.31% of the float, or 6.1 days of average trading volume.

Who are Adaptive Biotechnologies's competitors?

Companies most similar to Adaptive Biotechnologies by business, industry and size include IMCR, VIR, IBRX, IOVA, AGEN.

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