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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 169,873 $ 70,495
Short-term marketable securities (amortized cost of $174,510 and $156,246, respectively) 174,382 156,485
Accounts receivable, net 49,513 50,365
Inventory 10,497 9,820
Prepaid expenses and other current assets 16,298 13,020
Total current assets 420,563 300,185
Long-term assets    
Property and equipment, net 29,451 34,107
Operating lease right-of-use assets 39,122 40,616
Long-term marketable securities (amortized cost of $27,564 and $13,220, respectively) 27,480 13,234
Restricted cash 2,728 2,689
Intangible assets, net 884 1,726
Goodwill 118,972 118,972
Other assets 1,478 1,207
Total assets 640,678 512,736
Current liabilities    
Accounts payable 5,241 6,467
Accrued liabilities 10,651 7,700
Accrued compensation and benefits 9,742 16,992
Current portion of operating lease liabilities 8,823 8,920
Current portion of deferred revenue 53,255 45,194
Current portion of revenue interest liability, net 0 4,642
Total current liabilities 87,712 89,915
Long-term liabilities    
Operating lease liabilities, less current portion 66,800 70,228
Deferred revenue, less current portion 608 1,006
Revenue interest liability, net, less current portion 0 126,566
Convertible senior notes, net 334,876 0
Other long-term liabilities 20 20
Total liabilities 490,016 287,735
Commitments and contingencies (Note 10)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at June 30, 2026 and December 31, 2025; no shares issued and outstanding at June 30, 2026 and December 31, 2025
Common stock: $0.0001 par value, 340,000,000 shares authorized at June 30, 2026 and December 31, 2025; 159,059,622 and 153,779,418 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 16 15
Additional paid-in capital 1,566,254 1,581,848
Accumulated other comprehensive (loss) gain (212) 253
Accumulated deficit (1,423,144) (1,363,323)
Total Adaptive Biotechnologies Corporation shareholders’ equity 142,914 218,793
Noncontrolling interest 7,748 6,208
Total shareholders’ equity 150,662 225,001
Total liabilities and shareholders’ equity $ 640,678 $ 512,736