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
DateValue
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%