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ADAPTIVE BIOTECHNOLOGIES (ADPT) Stock Fundamental Analysis

USA - NASDAQ:ADPT - US00650F1093 - Common Stock

14.79 USD
-0.77 (-4.95%)
Last: 11/7/2025, 8:00:00 PM
15.1 USD
+0.31 (+2.1%)
Pre-Market: 11/10/2025, 8:46:24 AM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to ADPT. ADPT was compared to 58 industry peers in the Life Sciences Tools & Services industry. ADPT may be in some trouble as it scores bad on both profitability and health. ADPT is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year ADPT has reported negative net income.
In the past year ADPT has reported a negative cash flow from operations.
ADPT had negative earnings in each of the past 5 years.
ADPT had a negative operating cash flow in each of the past 5 years.
ADPT Yearly Net Income VS EBIT VS OCF VS FCFADPT Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -24.41%, ADPT is doing worse than 70.69% of the companies in the same industry.
The Return On Equity of ADPT (-67.46%) is worse than 74.14% of its industry peers.
Industry RankSector Rank
ROA -24.41%
ROE -67.46%
ROIC N/A
ROA(3y)-29%
ROA(5y)-24.51%
ROE(3y)-64.95%
ROE(5y)-49.77%
ROIC(3y)N/A
ROIC(5y)N/A
ADPT Yearly ROA, ROE, ROICADPT Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 -20 -40 -60

1.3 Margins

ADPT's Gross Margin of 66.04% is amongst the best of the industry. ADPT outperforms 87.93% of its industry peers.
In the last couple of years the Gross Margin of ADPT has declined.
ADPT does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 66.04%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.26%
GM growth 5Y-4.14%
ADPT Yearly Profit, Operating, Gross MarginsADPT Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100 -150

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3

2. Health

2.1 Basic Checks

ADPT does not have a ROIC to compare to the WACC, probably because it is not profitable.
ADPT has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, ADPT has more shares outstanding
ADPT has a worse debt/assets ratio than last year.
ADPT Yearly Shares OutstandingADPT Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M
ADPT Yearly Total Debt VS Total AssetsADPT Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

2.2 Solvency

Based on the Altman-Z score of 0.45, we must say that ADPT is in the distress zone and has some risk of bankruptcy.
ADPT has a Altman-Z score of 0.45. This is in the lower half of the industry: ADPT underperforms 67.24% of its industry peers.
ADPT has a Debt/Equity ratio of 0.73. This is a neutral value indicating ADPT is somewhat dependend on debt financing.
ADPT has a worse Debt to Equity ratio (0.73) than 75.86% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF N/A
Altman-Z 0.45
ROIC/WACCN/A
WACC10.36%
ADPT Yearly LT Debt VS Equity VS FCFADPT Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

ADPT has a Current Ratio of 2.84. This indicates that ADPT is financially healthy and has no problem in meeting its short term obligations.
ADPT has a Current ratio of 2.84. This is comparable to the rest of the industry: ADPT outperforms 56.90% of its industry peers.
A Quick Ratio of 2.75 indicates that ADPT has no problem at all paying its short term obligations.
With a decent Quick ratio value of 2.75, ADPT is doing good in the industry, outperforming 62.07% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 2.84
Quick Ratio 2.75
ADPT Yearly Current Assets VS Current LiabilitesADPT Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 53.45% over the past year.
The Revenue has been growing slightly by 5.10% in the past year.
ADPT shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 16.03% yearly.
EPS 1Y (TTM)53.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%127.27%
Revenue 1Y (TTM)5.1%
Revenue growth 3Y5.07%
Revenue growth 5Y16.03%
Sales Q2Q%102.38%

3.2 Future

The Earnings Per Share is expected to grow by 12.63% on average over the next years. This is quite good.
Based on estimates for the next years, ADPT will show a very strong growth in Revenue. The Revenue will grow by 21.53% on average per year.
EPS Next Y36.48%
EPS Next 2Y19.45%
EPS Next 3Y18.14%
EPS Next 5Y12.63%
Revenue Next Year34.73%
Revenue Next 2Y23.01%
Revenue Next 3Y22.83%
Revenue Next 5Y21.53%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
ADPT Yearly Revenue VS EstimatesADPT Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 100M 200M 300M 400M 500M
ADPT Yearly EPS VS EstimatesADPT Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 -0.5 -1 -1.5

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0

4. Valuation

4.1 Price/Earnings Ratio

ADPT reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year ADPT is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
ADPT Price Earnings VS Forward Price EarningsADPT Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
ADPT Per share dataADPT EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 0.5 -0.5 1

4.3 Compensation for Growth

ADPT's earnings are expected to grow with 18.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y19.45%
EPS Next 3Y18.14%

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0

5. Dividend

5.1 Amount

ADPT does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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ADAPTIVE BIOTECHNOLOGIES

NASDAQ:ADPT (11/7/2025, 8:00:00 PM)

Premarket: 15.1 +0.31 (+2.1%)

14.79

-0.77 (-4.95%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryLife Sciences Tools & Services
Earnings (Last)11-05 2025-11-05/amc
Earnings (Next)02-09 2026-02-09/amc
Inst Owners97.95%
Inst Owner Change-0.09%
Ins Owners2.62%
Ins Owner Change0.04%
Market Cap2.25B
Revenue(TTM)178.96M
Net Income(TTM)-121.23M
Analysts84.29
Price Target16.76 (13.32%)
Short Float %6.09%
Short Ratio4.78
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)31.58%
Min EPS beat(2)30.19%
Max EPS beat(2)32.96%
EPS beat(4)4
Avg EPS beat(4)25.03%
Min EPS beat(4)12%
Max EPS beat(4)32.96%
EPS beat(8)7
Avg EPS beat(8)15.53%
EPS beat(12)10
Avg EPS beat(12)13.68%
EPS beat(16)14
Avg EPS beat(16)12.45%
Revenue beat(2)2
Avg Revenue beat(2)18.66%
Min Revenue beat(2)16.85%
Max Revenue beat(2)20.47%
Revenue beat(4)4
Avg Revenue beat(4)12.9%
Min Revenue beat(4)1.07%
Max Revenue beat(4)20.47%
Revenue beat(8)6
Avg Revenue beat(8)5.77%
Revenue beat(12)8
Avg Revenue beat(12)4.15%
Revenue beat(16)12
Avg Revenue beat(16)3.67%
PT rev (1m)17.35%
PT rev (3m)35.03%
EPS NQ rev (1m)20.02%
EPS NQ rev (3m)30.77%
EPS NY rev (1m)6.47%
EPS NY rev (3m)20.03%
Revenue NQ rev (1m)9.75%
Revenue NQ rev (3m)17.13%
Revenue NY rev (1m)2.86%
Revenue NY rev (3m)9.68%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 10.97
P/FCF N/A
P/OCF N/A
P/B 12.53
P/tB 38.72
EV/EBITDA N/A
EPS(TTM)-0.54
EYN/A
EPS(NY)-0.62
Fwd EYN/A
FCF(TTM)-0.54
FCFYN/A
OCF(TTM)-0.53
OCFYN/A
SpS1.35
BVpS1.18
TBVpS0.38
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -24.41%
ROE -67.46%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 66.04%
FCFM N/A
ROA(3y)-29%
ROA(5y)-24.51%
ROE(3y)-64.95%
ROE(5y)-49.77%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-4.26%
GM growth 5Y-4.14%
F-Score4
Asset Turnover0.41
Health
Industry RankSector Rank
Debt/Equity 0.73
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 12.8%
Cap/Sales 1.14%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 2.84
Quick Ratio 2.75
Altman-Z 0.45
F-Score4
WACC10.36%
ROIC/WACCN/A
Cap/Depr(3y)48.38%
Cap/Depr(5y)161.41%
Cap/Sales(3y)5.71%
Cap/Sales(5y)15.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)53.45%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%127.27%
EPS Next Y36.48%
EPS Next 2Y19.45%
EPS Next 3Y18.14%
EPS Next 5Y12.63%
Revenue 1Y (TTM)5.1%
Revenue growth 3Y5.07%
Revenue growth 5Y16.03%
Sales Q2Q%102.38%
Revenue Next Year34.73%
Revenue Next 2Y23.01%
Revenue Next 3Y22.83%
Revenue Next 5Y21.53%
EBIT growth 1Y34.7%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year70.73%
EBIT Next 3Y27.91%
EBIT Next 5Y17.61%
FCF growth 1Y51.17%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y48.12%
OCF growth 3YN/A
OCF growth 5YN/A

ADAPTIVE BIOTECHNOLOGIES / ADPT FAQ

Can you provide the ChartMill fundamental rating for ADAPTIVE BIOTECHNOLOGIES?

ChartMill assigns a fundamental rating of 2 / 10 to ADPT.


What is the valuation status of ADAPTIVE BIOTECHNOLOGIES (ADPT) stock?

ChartMill assigns a valuation rating of 0 / 10 to ADAPTIVE BIOTECHNOLOGIES (ADPT). This can be considered as Overvalued.


What is the profitability of ADPT stock?

ADAPTIVE BIOTECHNOLOGIES (ADPT) has a profitability rating of 1 / 10.


How financially healthy is ADAPTIVE BIOTECHNOLOGIES?

The financial health rating of ADAPTIVE BIOTECHNOLOGIES (ADPT) is 3 / 10.


What is the expected EPS growth for ADAPTIVE BIOTECHNOLOGIES (ADPT) stock?

The Earnings per Share (EPS) of ADAPTIVE BIOTECHNOLOGIES (ADPT) is expected to grow by 36.48% in the next year.