Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026)
Adaptive Biotechnologies' (ADPT) quarterly Gross Margin came in at 71.82% in Q2 2026, up 239.0% year-over-year from 21.19% in Q2 2025, and down 2.43% quarter-over-quarter from 73.6% in Q1 2026.
Analysis
Adaptive Biotechnologies (ADPT) Gross Margin (2018 - 2026) Analysis & Trends
Adaptive Biotechnologies has disclosed Gross Margin across 9 years of filings, most recently posting 71.82% for Q2 2026.
- In Q2 2026, Gross Margin rose 239.0% year-over-year to 71.82%; the TTM figure through Jun 2026 stood at 75.57% (up 953.0% YoY), while the FY2025 annual figure was 74.24%, up 1451.0% from the prior year.
- Gross Margin came in at 71.82% for Q2 2026 at Adaptive Biotechnologies, down from 73.6% 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 48.98% in Q3 2023.
- Average Gross Margin over 5 years is 65.01%, with a median of 66.73% recorded in 2025.
- Year-over-year, Gross Margin tumbled 1985 bps in 2023 and surged 1657 bps in 2025.
- Over 5 years, Gross Margin stood at 69.95% in 2022, then fell by 18 bps to 57.16% in 2023, then advanced by 8 bps to 61.98% in 2024, then climbed by 20 bps to 74.58% in 2025, then declined by 4 bps to 71.82% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 71.82% in Q2 2026, 73.6% in Q1 2026, and 74.58% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Natera | 49.39 Bn | 48.29 Bn | 486.15 Mn | 64.58% |
| 2 | Quest Diagnostics | 27.49 Bn | 26.86 Bn | 1.03 Bn | 33.75% |
| 3 | Labcorp Holdings | 26.51 Bn | 26.37 Bn | 1.11 Bn | 29.80% |
| 4 | Guardant Health | 23.17 Bn | 22.12 Bn | 219.03 Mn | 65.39% |
| 5 | Tempus AI | 12.59 Bn | 11.77 Bn | 274.25 Mn | 71.70% |
| 6 | Caris Life Sciences | 8.01 Bn | 7.22 Bn | 182.38 Mn | 69.16% |
| 7 | Sotera Health | 5.53 Bn | 5.17 Bn | 177.96 Mn | 55.38% |
| 8 | BillionToOne | 4.80 Bn | 4.25 Bn | 77.11 Mn | 70.45% |
| 9 | Adaptive Biotechnologies | 4.40 Bn | 4.05 Bn | 51.39 Mn | 71.82% |
| 10 | iRhythm Holdings | 3.68 Bn | 3.08 Bn | 163.21 Mn | 72.80% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 71.82% |
| 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 | 61.98% |
| Sep 30, 2024 | 64.11% |
| Jun 30, 2024 | 55.27% |
| Mar 31, 2024 | 56.89% |
| Dec 31, 2023 | 57.16% |
| Sep 30, 2023 | 48.98% |
| Jun 30, 2023 | 63.39% |
| Mar 31, 2023 | 50.38% |
| Dec 31, 2022 | 69.95% |
| Sep 30, 2022 | 68.83% |
| Jun 30, 2022 | 69.72% |
| Mar 31, 2022 | 65.84% |
| Dec 31, 2021 | 62.15% |
| Sep 30, 2021 | 64.05% |