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ADPT — Adaptive Biotechnologies Corporation

ADPT (Adaptive Biotechnologies Corporation) stock: $27.98, $4.53B market cap, $400.2M cash, $4.13B EV, $5.81B fully diluted market cap. Lead program: Regorafenib (Glioblastoma), Phase 3. Data from Fully Diluted's biotech stocks database.

What they do

We believe the adaptive immune system is nature’s most finely tuned diagnostic and therapeutic for most diseases, but the inability to decode it has prevented the medical community from fully leveraging its capabilities. Our immune medicine platform applies our proprietary technologies to read the diverse genetic code of a patient’s immune system and understand precisely how the immune system detects and treats disease in that patient.

Source: 10-K FY2025 via SEC EDGAR

Share price
$27.98
Market cap
$4,529.3M
Cash
$400.2M
Enterprise value
$4,129.1M

Balance sheet

Cash$400.2M
Debt$0.0M
Net cash$400.2M
Enterprise value$4,129.1M
Basic shares161.9M shares
Fully diluted shares207.7M shares
Fully diluted market cap$5,811.4M
Cash per share$2.47
Quarterly burn$6.4M
Cash runway58.1 quarters

Cash figures as of 2026-09-30. Database snapshot: 2026-11-07.

Share structure

Common
159.6M
Pre-funded warrants
0.0M
Options
8.6M
RSUs
13.8M
Warrants
0.0M
Converts
20.0M
Conv preferred
0.0M
ESPP reserve
5.7M
FDSO
207.7M

Cap table as of 2026-06-30.

Price history

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