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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 70,495 $ 47,920
Short-term marketable securities (amortized cost of $156,246 and $174,186, respectively) 156,485 174,374
Accounts receivable, net 50,365 41,731
Inventory 9,820 8,440
Prepaid expenses and other current assets 13,020 11,287
Total current assets 300,185 283,752
Long-term assets    
Property and equipment, net 34,107 48,616
Operating lease right-of-use assets 40,616 45,767
Long-term marketable securities (amortized cost of $13,220 and $33,682, respectively) 13,234 33,660
Restricted cash 2,689 2,897
Intangible assets, net 1,726 3,425
Goodwill 118,972 118,972
Other assets 1,207 2,287
Total assets 512,736 539,376
Current liabilities    
Accounts payable 6,467 7,265
Accrued liabilities 7,700 8,157
Accrued compensation and benefits 16,992 15,838
Current portion of operating lease liabilities 8,920 10,239
Current portion of deferred revenue 45,194 55,689
Current portion of revenue interest liability, net 4,642 865
Total current liabilities 89,915 98,053
Long-term liabilities    
Operating lease liabilities, less current portion 70,228 79,148
Deferred revenue, less current portion 1,006 27,256
Revenue interest liability, net, less current portion 126,566 132,414
Other long-term liabilities 20 20
Total liabilities 287,735 336,891
Commitments and contingencies (Note 12)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at December 31, 2025 and 2024; no shares issued and outstanding at December 31, 2025 and 2024
Common stock: $0.0001 par value, 340,000,000 shares authorized at December 31, 2025 and 2024; 153,779,418 and 147,773,744 shares issued and outstanding at December 31, 2025 and 2024, respectively 15 14
Additional paid-in capital 1,581,848 1,506,353
Accumulated other comprehensive gain 253 166
Accumulated deficit (1,363,323) (1,303,824)
Total Adaptive Biotechnologies Corporation shareholders’ equity 218,793 202,709
Noncontrolling interest 6,208 (224)
Total shareholders’ equity 225,001 202,485
Total liabilities and shareholders’ equity $ 512,736 $ 539,376