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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 59,824 $ 65,064
Short-term marketable securities (amortized cost of $232,238 and $281,122, respectively) 232,056 281,337
Accounts receivable, net 35,610 37,969
Inventory 13,214 14,448
Prepaid expenses and other current assets 10,848 11,370
Total current assets 351,552 410,188
Long-term assets    
Property and equipment, net 55,418 68,227
Operating lease right-of-use assets 48,521 52,096
Restricted cash 2,976 2,932
Intangible assets, net 4,281 5,128
Goodwill 118,972 118,972
Other assets 3,152 3,591
Total assets 584,872 661,134
Current liabilities    
Accounts payable 9,867 7,719
Accrued liabilities 6,709 8,597
Accrued compensation and benefits 9,519 13,685
Current portion of operating lease liabilities 9,806 9,384
Current portion of deferred revenue 52,225 48,630
Total current liabilities 88,126 88,015
Long-term liabilities    
Operating lease liabilities, less current portion 84,370 89,388
Deferred revenue, less current portion 38,844 44,793
Revenue interest liability, net 132,082 130,660
Other long-term liabilities 20  
Total liabilities 343,442 352,856
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at June 30, 2024 and December 31, 2023; no shares issued and outstanding at June 30, 2024 and December 31, 2023
Common stock: $0.0001 par value, 340,000,000 shares authorized at June 30, 2024 and December 31, 2023; 147,462,201 and 145,082,271 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively 14 14
Additional paid-in capital 1,479,832 1,452,502
Accumulated other comprehensive (loss) gain (182) 215
Accumulated deficit (1,238,061) (1,144,332)
Total Adaptive Biotechnologies Corporation shareholders’ equity 241,603 308,399
Noncontrolling interest (173) (121)
Total shareholders’ equity 241,430 308,278
Total liabilities and shareholders’ equity $ 584,872 $ 661,134