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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 71,233 $ 65,064
Short-term marketable securities (amortized cost of $237,745 and $281,122, respectively) 237,639 281,337
Accounts receivable, net 42,021 37,969
Inventory 13,291 14,448
Prepaid expenses and other current assets 9,850 11,370
Total current assets 374,034 410,188
Long-term assets    
Property and equipment, net 65,260 68,227
Operating lease right-of-use assets 50,999 52,096
Restricted cash 2,963 2,932
Intangible assets, net 4,705 5,128
Goodwill 118,972 118,972
Other assets 3,390 3,591
Total assets 620,323 661,134
Current liabilities    
Accounts payable 12,170 7,719
Accrued liabilities 7,914 8,597
Accrued compensation and benefits 6,404 13,685
Current portion of operating lease liabilities 9,594 9,384
Current portion of deferred revenue 46,870 48,630
Total current liabilities 82,952 88,015
Long-term liabilities    
Operating lease liabilities, less current portion 86,900 89,388
Deferred revenue, less current portion 44,160 44,793
Revenue interest liability, net 131,545 130,660
Total liabilities 345,557 352,856
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; no shares issued and outstanding at March 31, 2024 and December 31, 2023
Common stock: $0.0001 par value, 340,000,000 shares authorized at March 31, 2024 and December 31, 2023; 147,368,324 and 145,082,271 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively 14 14
Additional paid-in capital 1,466,844 1,452,502
Accumulated other comprehensive (loss) gain (106) 215
Accumulated deficit (1,191,839) (1,144,332)
Total Adaptive Biotechnologies Corporation shareholders’ equity 274,913 308,399
Noncontrolling interest (147) (121)
Total shareholders’ equity 274,766 308,278
Total liabilities and shareholders’ equity $ 620,323 $ 661,134