Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026)
Adaptive Biotechnologies' (ADPT) quarterly Gross Margin came in at 73.6% in Q1 2026, up 598.0% year-on-year from 10.54% in Q1 2025, and down 1.3% quarter-over-quarter from 74.58% in Q4 2025.
Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026) Analysis & Trends
Adaptive Biotechnologies has disclosed Gross Margin across 9 years of filings, most recently posting 73.6% for Q1 2026.
- Gross Margin for Q1 2026 came in at 73.6%, up 598.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 75.26% (up 1716.0% YoY), and the FY2025 annual result was 74.24%, up 2160.0% from the prior year.
- Gross Margin came in at 73.6% for Q1 2026 at Adaptive Biotechnologies, down from 74.58% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 80.68% in Q3 2025 to a low of 210.03% in Q2 2023.
- The 5-year median for Gross Margin is 56.89% (2024), against an average of 45.31%.
- Across the five-year window, Gross Margin plunged 27974 bps in 2023 and jumped 26299 bps in 2024, its largest moves.
- Adaptive Biotechnologies' Gross Margin stood at 57.03% in 2022, then jumped by 41 bps to 80.6% in 2023, then sank by 32 bps to 54.54% in 2024, then surged by 37 bps to 74.58% in 2025, then retreated by 1 bps to 73.6% in 2026.
- The last three Gross Margin figures came in at 73.6% (Q1 2026), 74.58% (Q4 2025), and 80.68% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 63.35% |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 53.95% |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | 32.64% |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 99.91% |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 58.68% |
| 10 | Adaptive Biotechnologies | 2.60 Bn | 2.39 Bn | 52.17 Mn | 73.60% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 73.60% |
| Dec 31, 2025 | 74.58% |
| Sep 30, 2025 | 80.68% |
| Jun 30, 2025 | 69.43% |
| Mar 31, 2025 | 67.62% |
| Dec 31, 2024 | 54.54% |
| Sep 30, 2024 | 55.74% |
| Jun 30, 2024 | 52.97% |
| Mar 31, 2024 | 56.89% |
| Dec 31, 2023 | 80.60% |
| Sep 30, 2023 | 48.98% |
| Jun 30, 2023 | -210.03% |
| Mar 31, 2023 | 50.38% |
| Dec 31, 2022 | 57.03% |
| Sep 30, 2022 | 55.02% |
| Jun 30, 2022 | 69.72% |
| Mar 31, 2022 | 32.44% |
| Dec 31, 2021 | -59.56% |
| Sep 30, 2021 | 36.79% |
| Jun 30, 2021 | 39.71% |