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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 109,240 $ 90,030
Short-term marketable securities (amortized cost of $308,885 and $412,282, respectively) 307,990 408,166
Accounts receivable, net 31,545 40,057
Inventory 18,960 14,453
Prepaid expenses and other current assets 9,074 9,440
Total current assets 476,809 562,146
Long-term assets    
Property and equipment, net 79,390 83,447
Operating lease right-of-use assets 77,109 80,763
Restricted cash 2,923 2,398
Intangible assets, net 5,985 6,827
Goodwill 118,972 118,972
Other assets 3,352 2,064
Total assets 764,540 856,617
Current liabilities    
Accounts payable 9,163 8,084
Accrued liabilities 8,356 12,424
Accrued compensation and benefits 10,554 15,935
Current portion of operating lease liabilities 9,345 9,230
Current portion of deferred revenue 57,917 64,115
Total current liabilities 95,335 109,788
Long-term liabilities    
Operating lease liabilities, less current portion 94,176 98,772
Deferred revenue, less current portion 50,895 58,599
Revenue interest liability, net 128,167 125,360
Total liabilities 368,573 392,519
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at June 30, 2023 and December 31, 2022; no shares issued and outstanding at June 30, 2023 and December 31, 2022
Common stock: $0.0001 par value, 340,000,000 shares authorized at June 30, 2023 and December 31, 2022; 144,645,118 and 143,105,002 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively 14 14
Additional paid-in capital 1,421,506 1,387,349
Accumulated other comprehensive loss (893) (4,116)
Accumulated deficit (1,024,591) (919,082)
Total Adaptive Biotechnologies Corporation shareholders’ equity 396,036 464,165
Noncontrolling interest (69) (67)
Total shareholders’ equity 395,967 464,098
Total liabilities and shareholders’ equity $ 764,540 $ 856,617