NASDAQ$ADPT

Adaptive Biotechnologies Corporation · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

Adaptive Biotechnologies reported Q4 2025, revenue of $71.7M, net loss of $13.6M, diluted EPS of $-0.08.

For Q4 2025, Adaptive Biotechnologies reported revenue of $71.7M, a net loss of $13.6M, diluted EPS was $-0.08. Management discusses segment performance, capital allocation, and outlook in the earnings release.

  • Revenue $71.7M.
  • Net loss $13.6M.
  • Diluted EPS $-0.08.

Headline financials

Total Revenue

$71.7M

Previous: $47.5M+51.1%
EPS (adj)

-$0.08

Previous: -$0.23+65.2%
clonoSEQ Tests Delivered

30.0K

No prior period
Adjusted EBITDA

$4.14M

Previous: -$16.4M+125.2%
MRD Revenue Growth

54.0%

No prior period
clonoSEQ Test Volume Growth

43.0%

No prior period
MRD Pharma Regulatory Milestone Revenue

$19.5M

No prior period
MRD Adjusted EBITDA

$10.4M

Previous: -$6.56M+259.0%
Net Income

-$13.6M

Previous: -$33.7M+59.7%
Operating Income

-$12.8M

Previous: -$33.8M+62.3%

Revenue & EPS history

Adaptive Biotechnologies · Revenue · Quarterly

$71.7M

Q4 2025+51.1%vs Q4 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—

Forward guidance

The release discusses Adaptive Biotechnologies's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Adaptive Biotechnologies cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+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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