Market Capitalization & Enterprise Value
Research-grade valuation history for ADPT. Track market capitalization versus enterprise value to see the impact of net debt and share changes. Use the interactive chart to explore different horizons; the table updates accordingly to support auditability and export.
Market Cap & Enterprise Value
Comparison of market capitalization and enterprise value over time
Market Cap
Enterprise Value
Market Cap History
Investor Valuation Insights
As of Mar 31, 2026EV/EBITDA
-159.21x
Negative EV/EBITDA usually means negative EBITDA; compare with revenue and cash flow metrics.
EV vs Market Cap Spread
210.09M
EV is +8.5% vs equity value
Capital Structure Signal
Net Debt Profile
EV premium trend: -2.7 pp vs earliest data
Additional Multiples
EV/Sales: 32.30x
Net Debt/EBITDA: -9.08x
Share count change in dataset: +43.90%
Interpretation guide: EV/EBITDA compares total firm value (debt + equity - cash) to operating earnings. Lower is usually cheaper, but always benchmark against peers, growth rate, margins, and cyclicality.
Market Cap & Enterprise Value Data
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| Date | Market Cap | Enterprise Value | Stock Price | Shares |
|---|---|---|---|---|
| Dec 31, 2025 | 2.46B | 2.67B | $16.24 | 151.72M |
| Dec 31, 2024 | 882.61M | 924.08M | $6.00 | 147.10M |
| Dec 31, 2023 | 707.48M | 741.19M | $4.90 | 144.38M |
Dec 31, 2022 | — | — | — | — |
Dec 31, 2021 | — | — | — | — |
Dec 31, 2020 | — | — | — | — |
Dec 31, 2019 | — | — | — | — |
Dec 31, 2018 | — | — | — | — |
Dec 31, 2017 | — | — | — | — |