Adaptive Biotechnologies Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
ADPT$29.36-3.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Operating activities | |||
| Net loss | $(59,457) | $(159,595) | $(225,304) |
| Adjustments to reconcile net loss to net cash used in operating activities | |||
| Depreciation expense | 16,134 | 17,553 | 20,532 |
| Noncash lease expense | 5,364 | 5,277 | 6,920 |
| Share-based compensation expense | 51,483 | 53,610 | 62,908 |
| Intangible assets amortization | 1,699 | 1,703 | 1,699 |
| Investment amortization | (2,512) | (8,208) | (9,184) |
| Impairment of long-lived assets | — | 7,205 | 25,429 |
| Write-off of inventory | 563 | 1,938 | 1,387 |
| Revenue interest purchase agreement interest | (2,071) | 2,618 | 5,300 |
| Other | 578 | 141 | 172 |
| Changes in operating assets and liabilities | |||
| Accounts receivable, net | (8,646) | (3,744) | 2,032 |
| Inventory | (998) | 5,372 | (2,838) |
| Prepaid expenses and other current assets | (1,733) | 83 | (1,930) |
| Accounts payable and accrued liabilities | 665 | 671 | (5,407) |
| Operating lease right-of-use assets and liabilities | (10,452) | (9,385) | (8,676) |
| Deferred revenue | (36,745) | (10,478) | (29,291) |
| Other | 142 | 27 | (73) |
| Net cash used in operating activities | (45,986) | (95,212) | (156,324) |
| Investing activities | |||
| Purchases of property and equipment | (2,959) | (3,664) | (10,697) |
| Purchases of marketable securities | (181,714) | (244,257) | (429,558) |
| Proceeds from maturities of marketable securities | 222,623 | 325,713 | 569,902 |
| Net cash provided by investing activities | 37,950 | 77,792 | 129,647 |
| Financing activities | |||
| Proceeds from exercise of stock options | 17,879 | 241 | 2,245 |
| Proceeds from capital contributions for Digital Biotechnologies, Inc. | 12,524 | — | — |
| Cash provided by financing activities | 30,403 | 241 | 2,245 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 22,367 | (17,179) | (24,432) |
| Cash, cash equivalents and restricted cash at beginning of year | 50,817 | 67,996 | 92,428 |
| Cash, cash equivalents and restricted cash at end of year | $73,184 | $50,817 | $67,996 |
| Noncash investing activities | |||
| Purchases of equipment included in accounts payable and accrued liabilities | $509 | $1,275 | $687 |
| Supplemental disclosure of cash flow information | |||
| Cash paid for interest | $12,638 | $8,864 | $8,985 |
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