Adaptive Biotechnologies (ADPT) EBITDA Margin (2018 - 2026)
Adaptive Biotechnologies (ADPT) posted EBITDA Margin of -16.93% for Q2 2026, up 17.96 percentage points from -34.89% a year earlier and up 4.80 percentage points from the prior quarter.
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Analysis
Adaptive Biotechnologies (ADPT) EBITDA Margin (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, EBITDA Margin at Adaptive Biotechnologies was -6.98%, up 43.19 percentage points year-over-year; for FY2025, it was -14.23%, up 65.90 percentage points from FY2024.
- Annual EBITDA Margin shows a five-year change of +132.45 percentage points (FY2020 to FY2025).
- In prior years, Adaptive Biotechnologies' EBITDA Margin was -80.13% in FY2024 (+40.69 pp), -120.83% in FY2023 (-25.00 pp), -95.82% in FY2022 (+30.50 pp) and -126.32% in FY2021 (+20.37 pp).
- Quarterly EBITDA Margin has run from a low of -150.21% in Q1 2022 to a high of 15.63% in Q3 2025 over five years.
- On a year-over-year basis, EBITDA Margin has increased in each of the last eight quarters, with an average year-over-year change of +53.56 percentage points over the last eight quarters.
- The strongest year-over-year quarter for EBITDA Margin in the past five years was Q4 2022, with a gain of 88.07 percentage points; the weakest was Q4 2023, with a drop of 82.03 percentage points.
- According to Business Quant data, EBITDA Margin for the three prior quarters was -21.73% (Q1 2026), -12.13% (Q4 2025) and 15.63% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.05 Bn | 98.06 Bn | - | 20.01% |
| 2 | Natera | 58.44 Bn | 54.12 Bn | 485.19 Mn | -7.25% |
| 3 | Labcorp Holdings | 26.35 Bn | 24.09 Bn | 1.11 Bn | 16.90% |
| 4 | Quest Diagnostics | 26.23 Bn | 24.36 Bn | 1.03 Bn | 19.88% |
| 5 | Tenet Healthcare | 22.72 Bn | 11.72 Bn | - | 30.60% |
| 6 | Guardant Health | 21.38 Bn | 17.44 Bn | 219.03 Mn | -35.69% |
| 7 | BrightSpring Health Services | 12.87 Bn | 11.20 Bn | 492.75 Mn | 4.51% |
| 8 | Fresenius Medical Care AG | 12.48 Bn | 4.43 Bn | 1.52 Bn | 16.93% |
| 9 | Tempus AI | 12.26 Bn | 9.29 Bn | 246.50 Mn | - |
| 10 | Adaptive Biotechnologies | 3.92 Bn | 2.92 Bn | 51.39 Mn | -16.93% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -16.93% |
| Mar 31, 2026 | -21.73% |
| Dec 31, 2025 | -12.13% |
| Sep 30, 2025 | 15.63% |
| Jun 30, 2025 | -34.89% |
| Mar 31, 2025 | -47.48% |
| Dec 31, 2024 | -62.11% |
| Sep 30, 2024 | -60.40% |
| Jun 30, 2024 | -97.99% |
| Mar 31, 2024 | -102.99% |
| Dec 31, 2023 | -143.45% |
| Sep 30, 2023 | -119.18% |
| Jun 30, 2023 | -86.18% |
| Mar 31, 2023 | -137.51% |
| Dec 31, 2022 | -61.42% |
| Sep 30, 2022 | -83.73% |
| Jun 30, 2022 | -108.35% |
| Mar 31, 2022 | -150.21% |
| Dec 31, 2021 | -149.49% |
| Sep 30, 2021 | -133.78% |
API Access
Adaptive Biotechnologies EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=ADPT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "ADPT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=ADPT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();