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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 88,713 $ 90,030
Short-term marketable securities (amortized cost of $282,669 and $412,282, respectively) 282,419 408,166
Accounts receivable, net 31,211 40,057
Inventory 19,490 14,453
Prepaid expenses and other current assets 13,404 9,440
Total current assets 435,237 562,146
Long-term assets    
Property and equipment, net 76,749 83,447
Operating lease right-of-use assets 75,263 80,763
Restricted cash 2,921 2,398
Intangible assets, net 5,557 6,827
Goodwill 118,972 118,972
Other assets 2,983 2,064
Total assets 717,682 856,617
Current liabilities    
Accounts payable 4,483 8,084
Accrued liabilities 10,151 12,424
Accrued compensation and benefits 10,648 15,935
Current portion of operating lease liabilities 9,482 9,230
Current portion of deferred revenue 55,340 64,115
Current portion of revenue interest liability, net 3,194  
Total current liabilities 93,298 109,788
Long-term liabilities    
Operating lease liabilities, less current portion 91,824 98,772
Deferred revenue, less current portion 44,194 58,599
Revenue interest liability, net, less current portion 126,729 125,360
Total liabilities 356,045 392,519
Commitments and contingencies (Note 9)
Shareholders’ equity    
Preferred stock: $0.0001 par value, 10,000,000 shares authorized at September 30, 2023 and December 31, 2022; no shares issued and outstanding at September 30, 2023 and December 31, 2022
Common stock: $0.0001 par value, 340,000,000 shares authorized at September 30, 2023 and December 31, 2022; 144,772,751 and 143,105,002 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 14 14
Additional paid-in capital 1,436,859 1,387,349
Accumulated other comprehensive loss (250) (4,116)
Accumulated deficit (1,074,891) (919,082)
Total Adaptive Biotechnologies Corporation shareholders’ equity 361,732 464,165
Noncontrolling interest (95) (67)
Total shareholders’ equity 361,637 464,098
Total liabilities and shareholders’ equity $ 717,682 $ 856,617