Adaptive Biotechnologies (ADPT) Research & Development (2018 - 2026)
Adaptive Biotechnologies (ADPT) reported Research & Development of $18.64 million for Q3 2026, down 21.3% from $23.67 million a year earlier and down 2.7% from the prior quarter.
Powered by 
Analysis
Adaptive Biotechnologies (ADPT) Research & Development (2018 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Adaptive Biotechnologies' Research & Development came in at $83.18 million, down 12.6% year-over-year; for FY2025, it was $93.77 million, down 8.9% from FY2024.
- Research & Development has declined for four consecutive years, with a five-year compound annual growth rate of -4.2% (FY2020 to FY2025).
- By year, Research & Development came in at $102.95 million in FY2024 (-15.7%), $122.12 million in FY2023 (-13.9%), $141.76 million in FY2022 (-0.4%) and $142.34 million in FY2021 (+22.6%).
- The Q3 2026 figure ranks as the lowest quarterly Research & Development since Q2 2019.
- Year over year, Research & Development has now declined in each of the last 18 quarters, with an average decline of 12.1% over the last eight quarters.
- The high point for year-over-year Research & Development in five years was Q1 2022 (growth of 12.0%); the low point was Q2 2024 (a decline of 21.4%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $19.15 million (Q2 2026), $23.62 million (Q1 2026) and $21.76 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 106.13 Bn | 102.23 Bn | - | - |
| 2 | Natera | 44.93 Bn | 40.56 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 29.97 Bn | 28.06 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.09 Bn | 25.85 Bn | 1.04 Bn | - |
| 5 | Tenet Healthcare | 22.72 Bn | 12.03 Bn | - | - |
| 6 | Guardant Health | 20.11 Bn | 15.73 Bn | 236.15 Mn | 100.84 Mn |
| 7 | BrightSpring Health Services | 13.90 Bn | 11.66 Bn | 518.55 Mn | - |
| 8 | Tempus AI | 13.80 Bn | 10.95 Bn | 266.70 Mn | 46.00 Mn |
| 9 | Encompass Health | 13.52 Bn | 13.15 Bn | - | - |
| 10 | Adaptive Biotechnologies | 4.49 Bn | 3.40 Bn | 63.97 Mn | 18.64 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.64 Mn |
| Jun 30, 2026 | 19.15 Mn |
| Mar 31, 2026 | 23.62 Mn |
| Dec 31, 2025 | 21.76 Mn |
| Sep 30, 2025 | 23.67 Mn |
| Jun 30, 2025 | 24.13 Mn |
| Mar 31, 2025 | 24.20 Mn |
| Dec 31, 2024 | 23.19 Mn |
| Sep 30, 2024 | 24.16 Mn |
| Jun 30, 2024 | 25.35 Mn |
| Mar 31, 2024 | 30.25 Mn |
| Dec 31, 2023 | 28.75 Mn |
| Sep 30, 2023 | 28.53 Mn |
| Jun 30, 2023 | 32.24 Mn |
| Mar 31, 2023 | 32.60 Mn |
| Dec 31, 2022 | 31.22 Mn |
| Sep 30, 2022 | 35.66 Mn |
| Jun 30, 2022 | 37.04 Mn |
| Mar 31, 2022 | 37.84 Mn |
| Dec 31, 2021 | 34.70 Mn |
API Access
Adaptive Biotechnologies Research & Development 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=research-and-development&ticker=ADPT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=ADPT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();