NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Adaptive Biotechnologies Corporation reported financial results for the second quarter ended June 30, 2025.

The company achieved total revenue of $58.9 million in Q2 2025, driven primarily by growth in its MRD segment. Net loss narrowed to $25.6 million compared to the prior year, reflecting improved operating leverage. clonoSEQ test volumes grew 37% year-over-year to 25,321 tests.

  • Total revenue increased 36% year-over-year to $58.9 million, with MRD revenue up 42% to $49.9 million.
  • clonoSEQ clinical test volume rose 37% to 25,321 tests delivered.
  • Net loss attributable to the company improved to $25.6 million from $46.2 million in Q2 2024.
  • Loss from operations was $25.0 million, supported by higher revenues and reduced operating expenses.

Headline financials

Total Revenue

$58.9M

Previous: $43.2M+36.3%
EPS (adj)

-$0.17

Previous: -$0.31+45.2%
clonoSEQ tests delivered

25.3K

No prior period
Capital Expenditures

-$1.91M

Previous: -$3.24M+40.9%
Net Income

-$25.6M

Previous: -$46.2M+44.6%
Operating Income

-$25M

Previous: -$47.3M+47.1%

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$58.9M

Q2 2025+36.3%vs Q2 2024
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Adaptive Biotechnologies · $58.9M total across 2 segments · Q2 2025

  • MRD
    $49.9M—
  • Immune Medicine
    $8.94M—

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

+1.3%

Avg return

Earnings day

+0.0%

Avg return

5 days after

-0.9%

Avg return

30 days after

48%

13 / 27 earnings

Positive

+33.2%

Q1 2025

Best reaction

-22.2%

Q3 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2025———
Q1 2026+1.2%-1.9%+22.6%
Q4 2025-4.3%-5.2%-9.8%
Q3 2025-4.8%-6.8%-5.2%
Q1 2025+33.2%+19.7%+29.3%
Q4 2024-3.2%+6.8%-6.7%
Q3 2024+1.2%+3.1%+9.0%
Q2 2024-5.5%+1.3%+3.3%
Q1 2024-1.2%+8.7%+21.1%
Q4 2023+9.4%+6.4%-10.5%
Q3 2023-22.2%-9.3%+4.4%
Q2 2023-15.5%-18.8%-17.5%
Q1 2023-8.3%-5.8%+6.4%
Q4 2022+15.4%+9.3%-3.3%
Q3 2022+13.2%-0.9%+14.1%
Q2 2022+19.3%+22.8%-8.4%
Q1 2022-1.1%-19.2%-22.5%
Q4 2021+5.3%-8.0%-15.3%
Q3 2021+6.7%+5.7%-26.6%
Q2 2021+4.8%-2.4%+9.8%
Q1 2021+0.9%-11.2%-1.0%
Q4 2020-2.6%+2.0%-32.8%
Q3 2020+8.0%+2.1%+14.9%
Q2 2020-3.8%+2.8%+0.2%
Q1 2020-6.7%-0.2%+9.9%
Q4 2019-5.6%-10.7%-15.4%
Q3 2019-3.7%+0.7%+11.8%
Q2 2019+3.5%+9.7%-5.4%
Q1 2019———
Q4 2018———
Q3 2018———
Q2 2018———
Q1 2018———
Q3 2016———
Q2 2016———
Q1 2016———
Q4 2015———
Q3 2015———
Q2 2015———
Q1 2015———
Q4 2014———
Q3 2014———
Q2 2014———

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