ADPT
Adaptive Biotechnologies Corporation15.93
+0.24+1.53%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.43BP/E (TTM)
-Basic EPS (TTM)
-0.52Dividend Yield
0%Recent Filings
10-Q
8-K
8-K
Adaptive ends Genentech pact
Adaptive Biotechnologies terminated its 2018 strategic collaboration and license agreement with Genentech on August 13, 2025, effective February 9, 2026, ending joint work on cancer cell therapies. The move frees Adaptive from oncology exclusivity, allowing broader pursuits, while it books $33.7 million in non-cash revenue from prior payments during late 2025. Termination winds down activities smoothly. Yet Adaptive presses on with TCR prediction models and autoimmunity programs, targeting $25–$30 million Immune Medicine cash burn for 2025.
10-Q
Q2 FY2025 results
Adaptive Biotechnologies posted Q2 revenue of $58.9M, up 36% y/y from $43.2M, driven by MRD service revenue climbing 38% y/y to $44.4M on 37% higher clonoSEQ test volume, while regulatory milestones added $5.5M. Gross margin improved to 69.4% from 55.3%, reflecting lower cost of revenue at $18.0M, yet operating loss narrowed to $25.0M from $47.3M as expenses fell 7% y/y. Diluted EPS of -$0.17 beat last year's -$0.31, reconciling to 152M weighted shares with no anti-dilution effects. Cash and equivalents stood at $43.2M, with $222M total liquidity offsetting $133.6M revenue interest debt; free cash flow not disclosed in the 10-Q. MRD now dominates at 85% of revenue. Regulatory hurdles could still trip up milestone timing.
8-K
Q2 revenue beats, MRD profitable
Adaptive Biotechnologies reported Q2 2025 revenue of $58.9 million, up 36% year-over-year, driven by MRD segment growth of 42% to $49.9 million, which turned profitable with $1.9 million adjusted EBITDA. clonoSEQ test volume surged 37% to 25,321, bolstered by Flatiron integration and NovaSeq X Plus implementation. The company raised full-year MRD guidance to $190-200 million and cut cash burn to $45-55 million. MRD now dominates at 85% of revenue.
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