XML 70 R63.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information - Schedule of Segment Information (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Segment Reporting Information [Line Items]        
Revenue $ 43,190 $ 48,926 $ 85,063 $ 86,573
Operating expenses 90,508 96,744 181,143 191,584
Adjusted EBITDA [1] (21,446) (24,819) (49,626) (61,917) [2]
Net loss (46,248) (47,811) (93,781) (105,511)
Net loss attributable to noncontrolling interest 26 1 52 2
Net loss attributable to Adaptive Biotechnologies Corporation (46,222) (47,810) (93,729) (105,509)
Interest and other income, net (3,766) (3,612) (7,988) (6,636)
Interest expense [3] 2,696 3,605 5,689 7,136
Depreciation and amortization expense 5,003 5,653 10,217 11,076
Impairment of long-lived assets [4] 7,205   7,205  
Restructuring expense [4] 680   1,724  
Share-based compensation expense [2] 12,958 17,345 27,256 32,016
Operating Segments | MRD        
Segment Reporting Information [Line Items]        
Revenue 35,284 25,882 67,910 47,309
Operating expenses 58,361 58,944 118,247 114,969
Adjusted EBITDA [1] (11,289) (23,079) (28,548) (49,465) [2]
Net loss (23,077) (33,063) (50,337) (67,660)
Net loss attributable to Adaptive Biotechnologies Corporation (23,077) (33,063) (50,337) (67,660)
Depreciation and amortization expense 2,604 2,267 5,305 4,323
Impairment of long-lived assets [4] 2,819   2,819  
Restructuring expense [4] 561   1,028  
Share-based compensation expense [2] 5,804 7,717 12,637 13,872
Operating Segments | IM        
Segment Reporting Information [Line Items]        
Revenue 7,906 23,044 17,153 39,264
Operating expenses 26,133 30,681 49,974 62,353
Adjusted EBITDA [1] (7,033) 1,264 (13,960) (6,163) [2]
Net loss (18,228) (7,636) (32,821) (23,088)
Net loss attributable to Adaptive Biotechnologies Corporation (18,228) (7,636) (32,821) (23,088)
Depreciation and amortization expense 1,967 2,608 4,049 5,361
Impairment of long-lived assets [4] 4,386   4,386  
Restructuring expense [4] 119   696  
Share-based compensation expense [2] 4,723 6,292 9,730 11,564
Unallocated Corporate        
Segment Reporting Information [Line Items]        
Operating expenses 6,014 7,119 12,922 14,262
Adjusted EBITDA [1] (3,124) (3,004) (7,118) (6,289) [2]
Net loss (4,943) (7,112) (10,623) (14,763)
Net loss attributable to noncontrolling interest 26 1 52 2
Net loss attributable to Adaptive Biotechnologies Corporation (4,917) (7,111) (10,571) (14,761)
Interest and other income, net (3,766) (3,612) (7,988) (6,636)
Interest expense [3] 2,696 3,605 5,689 7,136
Depreciation and amortization expense 432 778 863 1,392
Share-based compensation expense [2] $ 2,431 $ 3,336 $ 4,889 $ 6,580
[1] Adjusted EBITDA is a non-GAAP financial measure. See “Management's Discussion and Analysis of Financial Condition and Results of Operations—Adjusted EBITDA” for an explanation for how it is calculated and used by management.
[2] Represents share-based compensation expense related to stock option, restricted stock unit and market-based restricted stock unit awards. See Note 11, Equity Incentive Plans for details on our share-based compensation expense.
[3] Represents costs associated with our revenue interest liability and noncash interest costs associated with the amortization of the related deferred issuance costs. See Note 8, Revenue Interest Purchase Agreement for details on the Purchase Agreement.
[4] Represents expenses recognized in conjunction with restructuring activities. See Note 12, Restructurings for details on our restructuring expenses.