Financial Statements — ADPT
Balance Sheet
(in billions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.17 | 0.08 | 0.06 | 0.04 | 0.05 | 0.04 | 0.06 | 0.07 | 0.09 | 0.11 | 0.09 | 0.22 | 0.08 | 0.11 | 0.12 | 0.18 | 0.17 |
| Accounts Receivable | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 |
| Inventory | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| Total Current Assets | 0.42 | 0.29 | 0.28 | 0.26 | 0.26 | 0.31 | 0.35 | 0.37 | 0.44 | 0.48 | 0.50 | 0.56 | 0.44 | 0.42 | 0.47 | 0.64 | 0.76 |
| Property, Plant & Equipment | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.06 | 0.07 | 0.08 | 0.08 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.06 |
| Goodwill | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 | 0.12 |
| Intangible Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 0.22 | 0.21 | 0.21 | 0.23 | 0.25 | 0.25 | 0.23 | 0.25 | 0.28 | 0.29 | 0.29 | 0.32 | 0.37 | 0.44 | 0.53 | 0.39 | 0.31 |
| Total Assets | 0.64 | 0.51 | 0.49 | 0.50 | 0.51 | 0.56 | 0.58 | 0.62 | 0.72 | 0.76 | 0.79 | 0.88 | 0.81 | 0.86 | 0.99 | 1.03 | 1.07 |
| Accounts Payable | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 |
| Total Current Liabilities | 0.09 | 0.09 | 0.08 | 0.09 | 0.09 | 0.09 | 0.09 | 0.08 | 0.09 | 0.10 | 0.09 | 0.10 | 0.11 | 0.12 | 0.12 | 0.12 | 0.11 |
| Long-term Debt | 0.00 | 0.12 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 0.40 | 0.19 | 0.20 | 0.22 | 0.23 | 0.25 | 0.26 | 0.26 | 0.26 | 0.27 | 0.28 | 0.29 | 0.18 | 0.19 | 0.22 | 0.22 | 0.24 |
| Total Liabilities | 0.49 | 0.28 | 0.29 | 0.32 | 0.32 | 0.33 | 0.34 | 0.35 | 0.36 | 0.37 | 0.37 | 0.40 | 0.29 | 0.30 | 0.34 | 0.34 | 0.35 |
| Retained Earnings | (1.42) | (1.38) | (1.35) | (1.36) | (1.33) | (1.27) | (1.24) | (1.19) | (1.07) | (1.02) | (0.98) | (0.88) | (0.83) | (0.78) | (0.66) | (0.60) | (0.55) |
| Total Stockholder Equity | 0.14 | 0.22 | 0.20 | 0.18 | 0.19 | 0.22 | 0.24 | 0.27 | 0.36 | 0.40 | 0.42 | 0.49 | 0.52 | 0.55 | 0.65 | 0.69 | 0.73 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 71.55 | 70.87 | 71.68 | 93.97 | 58.88 | 52.44 | 47.46 | 46.44 | 43.19 | 41.87 | 45.78 | 37.92 | 48.93 | 37.65 | 55.20 | 47.83 | 43.66 | 38.62 | 37.93 | 39.47 |
| Cost of Revenue | 20.17 | 18.71 | 18.22 | 18.16 | 18.00 | 16.98 | 18.05 | 16.67 | 19.32 | 18.05 | 19.62 | 19.35 | 17.91 | 18.68 | 16.59 | 14.91 | 13.22 | 13.19 | 14.36 | 14.19 |
| Gross Profit | 51.39 | 52.17 | 53.46 | 75.82 | 40.88 | 35.46 | 29.41 | 77.46 | 23.87 | 23.82 | 26.17 | 18.57 | 31.02 | 18.97 | 38.61 | 32.92 | 30.44 | 25.43 | 23.57 | 25.28 |
| Research & Development | 19.15 | 23.62 | 21.76 | 23.67 | 24.13 | 24.20 | 23.19 | 24.16 | 25.35 | 30.25 | 28.75 | 28.53 | 32.24 | 32.60 | 31.22 | 35.66 | 37.04 | 37.84 | 34.70 | 36.07 |
| Selling, General & Admin | 21.17 | 20.98 | 19.56 | 17.96 | 17.79 | 17.40 | 18.06 | 17.26 | 17.90 | 19.60 | 20.73 | 20.08 | 22.30 | 20.83 | 22.43 | 20.76 | 21.20 | 24.14 | 23.35 | 20.15 |
| Total Operating Expenses | 67.16 | 71.37 | 66.23 | 65.53 | 65.92 | 65.07 | 63.25 | 206.18 | 71.19 | 72.58 | 97.24 | 69.53 | 78.83 | 76.16 | 77.80 | 78.35 | 82.94 | 88.50 | 85.17 | 81.60 |
| Operating Income | (15.77) | (19.21) | (12.77) | 10.29 | (25.04) | (29.60) | (33.84) | (32.63) | (47.32) | (48.76) | (71.07) | (50.96) | (47.82) | (57.19) | (39.19) | (45.43) | (52.50) | (63.07) | (61.60) | (56.32) |
| Interest Expense | 2.69 | 2.89 | 2.95 | 2.97 | 2.95 | 2.91 | 2.95 | 2.94 | 2.70 | 2.99 | 3.01 | 3.65 | 3.61 | 3.53 | 3.59 | 0.65 | -- | -- | -- | -- |
| Net Income | (39.79) | (20.03) | (13.58) | 9.55 | (25.61) | (29.85) | (33.69) | (32.07) | (46.22) | (47.51) | (69.44) | (50.30) | (47.81) | (57.70) | (40.13) | (45.28) | (52.05) | (62.74) | (61.43) | (55.90) |
| Basic EPS | (0.25) | (0.13) | (0.08) | 0.06 | (0.17) | (0.20) | (0.22) | (0.22) | (0.31) | (0.33) | (0.48) | (0.35) | (0.33) | (0.40) | (0.28) | (0.32) | (0.37) | -- | -- | -- |
| Diluted EPS | (0.25) | (0.13) | (0.08) | 0.06 | (0.17) | (0.20) | (0.22) | (0.22) | (0.31) | (0.33) | (0.48) | (0.35) | (0.33) | (0.40) | (0.28) | (0.32) | (0.37) | -- | -- | -- |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (6.40) | (9.54) | 2.06 | (7.13) | (12.43) | (28.48) | (12.49) | (27.06) | (17.30) | (38.35) | (26.93) | (46.68) | (23.56) | (59.15) | (30.02) | (42.41) | (47.06) | (64.45) | (53.83) | (43.44) |
| Capital Expenditures | 1.18 | 0.80 | 0.64 | 0.41 | 0.66 | 1.26 | 0.08 | 0.34 | 1.73 | 1.51 | 1.30 | 2.78 | 3.70 | 2.92 | 2.54 | 5.43 | 5.30 | 3.08 | 9.24 | 14.62 |
| Free Cash Flow* | (7.58) | (10.33) | 1.42 | (7.54) | (13.08) | (29.74) | (12.57) | (27.41) | (19.03) | (39.86) | (28.23) | (49.46) | (27.25) | (62.08) | (32.56) | (47.84) | (52.36) | (67.53) | (63.07) | (58.06) |
| Investing Cash Flow | (43.48) | 9.14 | (8.25) | 17.28 | 3.35 | 25.57 | 22.12 | 5.29 | 5.88 | 44.51 | 3.21 | 26.14 | 37.32 | 62.98 | (97.54) | 58.02 | 4.75 | 37.69 | 67.21 | (21.27) |
| Financing Cash Flow | 142.19 | 7.50 | 21.66 | 1.68 | 1.61 | 5.45 | 0.13 | 0.04 | 0.03 | 0.04 | 0.09 | 0.02 | 1.47 | 0.67 | 0.01 | 125.52 | 3.99 | 2.75 | 3.28 | 2.93 |
* Derived from reported values
