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Adaptive Biotechnologies (ADPT)
NASDAQ:ADPT
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Adaptive Biotechnologies (ADPT) Price & Analysis

1,073 Followers

ADPT Stock Chart & Stats

$14.47
-$0.27(-3.80%)
At close: 4:00 PM EST
$14.47
-$0.27(-3.80%)

Bulls Say, Bears Say

Bulls Say
MRD Revenue Growth And Clinical AdoptionDurable demand for clonoSEQ is evidenced by raised MRD guidance and strong YoY growth, reflecting deeper clinical adoption, rising ordering clinicians, and expanding use cases. Sustained volume growth underpins recurring testing revenue and long-term commercial scale in hematologic MRD.
Sequencing Gross-margin ExpansionHigher sequencing gross margins driven by NovaSeq X efficiencies and pricing give structural operating leverage. Durable margin improvement reduces cash burn per test and supports path to corporate profitability as volumes scale, enhancing long-term unit economics.
Strong Backlog And Cash RunwayA growing pharma backlog and a multi-hundred-million cash balance provide financing runway and optionality to invest in MRD growth and execute separation plans. This reduces short-term financing pressure and supports sustained commercial and R&D initiatives over the next 2–6 months.
Bears Say
Elevated Leverage For A Loss-making FirmAlthough leverage has improved, meaningful debt for a company still producing operating losses constrains flexibility. Servicing and refinancing risk can limit capital for growth, raise interest or covenant pressures, and reduce resilience to reimbursement or demand shocks.
Negative Operating And Free Cash FlowPersisting negative operating and free cash flow means the business is not yet self-funding. Continued reliance on external capital raises execution and dilution risk, and cash volatility can limit sustained investment in commercial expansion or immune-medicine R&D.
Revenue Concentration In MRDHeavy dependence on a single product line concentrates reimbursement, clinical adoption, and market-risk exposure. Any adverse policy, competitive, or clinical-readout shift in MRD reimbursement or demand could materially affect revenue stability and growth prospects.

Adaptive Biotechnologies News

ADPT FAQ

What was Adaptive Biotechnologies’s price range in the past 12 months?
Adaptive Biotechnologies lowest stock price was $9.96 and its highest was $20.76 in the past 12 months.
    What is Adaptive Biotechnologies’s market cap?
    Adaptive Biotechnologies’s market cap is $3.39B.
      When is Adaptive Biotechnologies’s upcoming earnings report date?
      Adaptive Biotechnologies’s upcoming earnings report date is Aug 05, 2026 which is in 32 days.
        How were Adaptive Biotechnologies’s earnings last quarter?
        Adaptive Biotechnologies released its earnings results on May 05, 2026. The company reported -$0.13 earnings per share for the quarter, beating the consensus estimate of -$0.16 by $0.03.
          Is Adaptive Biotechnologies overvalued?
          According to Wall Street analysts Adaptive Biotechnologies’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Adaptive Biotechnologies pay dividends?
            Adaptive Biotechnologies does not currently pay dividends.
            What is Adaptive Biotechnologies’s EPS estimate?
            Adaptive Biotechnologies’s EPS estimate is -0.14.
              How many shares outstanding does Adaptive Biotechnologies have?
              Adaptive Biotechnologies has 160,044,390 shares outstanding.
                What happened to Adaptive Biotechnologies’s price movement after its last earnings report?
                Adaptive Biotechnologies reported an EPS of -$0.13 in its last earnings report, beating expectations of -$0.16. Following the earnings report the stock price went up 4.717%.
                  Which hedge fund is a major shareholder of Adaptive Biotechnologies?
                  Currently, no hedge funds are holding shares in ADPT
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Adaptive Biotechnologies

                    Adaptive Biotechnologies Corporation, founded in 2009 and headquartered in Seattle, Washington (operating as Adaptive TCR Corporation until its name change in December 2011), is a commercial-stage entity focused on pioneering an immune medicine platform. This advanced platform is engineered for the precise diagnosis and effective treatment of a broad spectrum of illnesses. The company offers several core technological solutions. Its immunoSEQ platform, a foundational immunosequencing product, is vital for translational research and discovering novel prognostic and diagnostic markers. For confirming past COVID-19 infections, Adaptive provides T-Detect COVID. Additionally, clonoSEQ functions as a critical clinical diagnostic tool, enabling the detection and continuous monitoring of minimal residual disease in individuals with multiple myeloma, B-cell acute lymphoblastic leukemia, and chronic lymphocytic leukemia; it is also available as a CLIA-validated laboratory-developed test for other lymphoid cancers. Another specialized offering, immunoSEQ T-MAP COVID, aids vaccine developers and researchers in quantifying T-cell immune responses to vaccines. Beyond its current product lineup, Adaptive Biotechnologies actively develops a pipeline of clinical products and services designed for the diagnosis, monitoring, and treatment of conditions such as cancer, autoimmune disorders, and infectious diseases. Its solutions cater to life science research, clinical diagnostics, and drug discovery applications. The company has established key strategic collaborations: one with Genentech, Inc., for the joint development, manufacturing, and commercialization of neoantigen-directed T-cell therapies aimed at treating various cancers; and another with Microsoft Corporation, dedicated to creating sophisticated diagnostic tests capable of identifying multiple diseases early from a single blood sample.

                    Adaptive Biotechnologies (ADPT) Earnings & Revenues

                    ADPT Company Deck

                    ADPT Earnings Call

                    Q1 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call portrays a company with strong, broad-based MRD momentum: double-digit revenue growth, volume records, margin expansion, a raised MRD revenue guide, growing backlog, and improving MRD profitability. Challenges are concentrated in the immune medicine business (declining revenue and losses), company-level net loss and elevated operating expenses, milestone lumpiness, and reimbursement/regulatory uncertainty. Taken together the positives—notably durable clinical adoption, pricing gains, margin improvement, a large and growing backlog, and a solid cash position—outweigh the negatives, which are largely isolated or acknowledged with mitigations in progress.View all ADPT earnings summaries

                    ADPT Stock 12 Month Forecast

                    Average Price Target

                    $20.33
                    ▲(40.52% Upside)
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9,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 1, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":18.84,"date":1764547200000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 15,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n              <span  style=\"color:#912767\">Sell 0</span>\n      ","marker":{"lineColor":"#199ca5","enabled":true,"symbol":"circle"}},{"y":16.24,"date":1767225600000,"info":" <span style=\"color:#199ca5\" class=\"mb3 mt2 fonth8_semibold\"> Strong Buy</span>\n            <div class=\"flexrcb px3 displayflex fonth9_semibold\"><span  style=\"color:#199ca5\">Buy 18,\t&nbsp; </span>\n              <span  style=\"color:#828080\">Hold 2, \t&nbsp;</span>\n     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