Adaptive Biotechnologies (ADPT)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from ADPT's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Adaptive Biotechnologies's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $154M | $185M | $170M | $179M | $277M |
| Net income | -$207M | -$200M | -$225M | -$159M | -$59M |
| Free cash flow | -$254M | -$200M | -$167M | -$99M | -$49M |
| EPS (diluted) | -$1.48 | -$1.40 | -$1.56 | -$1.08 | -$0.39 |
| Operating margin | -135.4% | -108.0% | -133.3% | -90.8% | -20.6% |
Where the revenue comes from
Revenue by segments, fiscal 2025. Every breakdown, year by year.
Superinvestors who own ADPT
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Andreas Halvorsen Viking Global Investors |
Held | $643M | 1.8% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Trimmed | $8M | 0.00% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $2M | 0.00% | Q2 2026 |
Insider buying
Open-market purchases by Adaptive Biotechnologies's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
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In the full deep dive
Questions
Are Adaptive Biotechnologies insiders buying the stock?
No open-market insider purchases of ADPT in the last 12 months, according to SEC Form 4 filings.
Which superinvestors own Adaptive Biotechnologies?
3 of the superinvestors Investingly tracks hold ADPT in their latest 13F, including Andreas Halvorsen, Cliff Asness, Joel Greenblatt.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.