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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 94,612 $ 90,030
Short-term marketable securities (amortized cost of $347,988 and $412,282, respectively) 346,083 408,166
Accounts receivable, net 30,972 40,057
Inventory 19,874 14,453
Prepaid expenses and other current assets 9,792 9,440
Total current assets 501,333 562,146
Long-term assets    
Property and equipment, net 81,294 83,447
Operating lease right-of-use assets 78,960 80,763
Restricted cash 2,315 2,398
Intangible assets, net 6,408 6,827
Goodwill 118,972 118,972
Other assets 2,181 2,064
Total assets 791,463 856,617
Current liabilities    
Accounts payable 6,333 8,084
Accrued liabilities 8,041 12,424
Accrued compensation and benefits 6,120 15,935
Current portion of operating lease liabilities 9,287 9,230
Current portion of deferred revenue 60,320 64,115
Total current liabilities 90,101 109,788
Long-term liabilities    
Operating lease liabilities, less current portion 96,494 98,772
Deferred revenue, less current portion 53,908 58,599
Revenue interest liability, net 127,008 125,360
Total liabilities 367,511 392,519
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at March 31, 2023 and December 31, 2022; no shares issued and outstanding at March 31, 2023 and December 31, 2022
Common stock: $0.0001 par value, 340,000,000 shares authorized at March 31, 2023 and December 31, 2022; 144,279,969 and 143,105,002 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively 14 14
Additional paid-in capital 1,402,692 1,387,349
Accumulated other comprehensive loss (1,905) (4,116)
Accumulated deficit (976,781) (919,082)
Total Adaptive Biotechnologies Corporation shareholders’ equity 424,020 464,165
Noncontrolling interest (68) (67)
Total shareholders’ equity 423,952 464,098
Total liabilities and shareholders’ equity $ 791,463 $ 856,617