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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 65,064 $ 90,030
Short-term marketable securities (amortized cost of $281,122 and $412,282, respectively) 281,337 408,166
Accounts receivable, net 37,969 40,057
Inventory 14,448 14,453
Prepaid expenses and other current assets 11,370 9,440
Total current assets 410,188 562,146
Long-term assets    
Property and equipment, net 68,227 83,447
Operating lease right-of-use assets 52,096 80,763
Restricted cash 2,932 2,398
Intangible assets, net 5,128 6,827
Goodwill 118,972 118,972
Other assets 3,591 2,064
Total assets 661,134 856,617
Current liabilities    
Accounts payable 7,719 8,084
Accrued liabilities 8,597 12,424
Accrued compensation and benefits 13,685 15,935
Current portion of operating lease liabilities 9,384 9,230
Current portion of deferred revenue 48,630 64,115
Total current liabilities 88,015 109,788
Long-term liabilities    
Operating lease liabilities, less current portion 89,388 98,772
Deferred revenue, less current portion 44,793 58,599
Revenue interest liability, net 130,660 125,360
Total liabilities 352,856 392,519
Commitments and contingencies (Note 12)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at December 31, 2023 and 2022; no shares issued and outstanding at December 31, 2023 and 2022
Common stock: $0.0001 par value, 340,000,000 shares authorized at December 31, 2023 and 2022; 145,082,271 and 143,105,002 shares issued and outstanding at December 31, 2023 and 2022, respectively 14 14
Additional paid-in capital 1,452,502 1,387,349
Accumulated other comprehensive gain (loss) 215 (4,116)
Accumulated deficit (1,144,332) (919,082)
Total Adaptive Biotechnologies Corporation shareholders’ equity 308,399 464,165
Noncontrolling interest (121) (67)
Total shareholders’ equity 308,278 464,098
Total liabilities and shareholders’ equity $ 661,134 $ 856,617