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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and KINGSTONE COMPANIES, INC. (KINS). Click either name above to swap in a different company.

Adaptive Biotechnologies Corp is the larger business by last-quarter revenue ($70.9M vs $56.4M, roughly 1.3× KINGSTONE COMPANIES, INC.). KINGSTONE COMPANIES, INC. runs the higher net margin — 26.2% vs 4.7%, a 21.4% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs 34.0%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs 25.6%).

ExpreS2ion Biotechnologies is a Danish biotechnology company specialised in the development of new vaccines and immunotherapy products based in Hørsholm, Denmark and listed on the Nasdaq First North Growth Market Sweden.

Kingstone Companies, Inc., headquartered in Kingston, New York, provides property and casualty insurance products through its subsidiary, Kingstone Insurance Company. It places contracts with the third-party licensed premium finance company through its subsidiary Payments, Inc., a NYS licensed Insurance Premium Finance Company. Kingstone Insurance Company was ranked #1 of the 81 insurers rated by the Professional Insurance Agents Association in its 2010 Company Performance Survey. The company...

ADPT vs KINS — Head-to-Head

Bigger by revenue
ADPT
ADPT
1.3× larger
ADPT
$70.9M
$56.4M
KINS
Growing faster (revenue YoY)
ADPT
ADPT
+1.1% gap
ADPT
35.1%
34.0%
KINS
Higher net margin
KINS
KINS
21.4% more per $
KINS
26.2%
4.7%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
28.1%
25.6%
KINS

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ADPT
ADPT
KINS
KINS
Revenue
$70.9M
$56.4M
Net Profit
$3.4M
$14.8M
Gross Margin
73.6%
Operating Margin
-27.1%
32.7%
Net Margin
4.7%
26.2%
Revenue YoY
35.1%
34.0%
Net Profit YoY
171.4%
EPS (diluted)
$1.09

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ADPT
ADPT
KINS
KINS
Q1 26
$70.9M
Q4 25
$71.7M
$56.4M
Q3 25
$94.0M
$55.7M
Q2 25
$58.9M
$52.3M
Q1 25
$52.4M
$50.5M
Q4 24
$47.5M
$42.1M
Q3 24
$46.4M
$40.8M
Q2 24
$43.2M
$36.5M
Net Profit
ADPT
ADPT
KINS
KINS
Q1 26
$3.4M
Q4 25
$-13.6M
$14.8M
Q3 25
$9.5M
$10.9M
Q2 25
$-25.6M
$11.3M
Q1 25
$-29.9M
$3.9M
Q4 24
$-33.7M
$5.4M
Q3 24
$-32.1M
$7.0M
Q2 24
$-46.2M
$4.5M
Gross Margin
ADPT
ADPT
KINS
KINS
Q1 26
73.6%
Q4 25
74.6%
Q3 25
80.7%
Q2 25
69.4%
Q1 25
67.6%
Q4 24
62.0%
Q3 24
64.1%
Q2 24
55.3%
Operating Margin
ADPT
ADPT
KINS
KINS
Q1 26
-27.1%
Q4 25
-17.8%
32.7%
Q3 25
10.9%
24.6%
Q2 25
-42.5%
27.1%
Q1 25
-56.4%
9.3%
Q4 24
-71.3%
15.9%
Q3 24
-70.3%
22.3%
Q2 24
-109.6%
15.7%
Net Margin
ADPT
ADPT
KINS
KINS
Q1 26
4.7%
Q4 25
-18.9%
26.2%
Q3 25
10.2%
19.5%
Q2 25
-43.5%
21.5%
Q1 25
-56.9%
7.7%
Q4 24
-71.0%
12.9%
Q3 24
-69.1%
17.1%
Q2 24
-107.0%
12.4%
EPS (diluted)
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
$-0.08
$1.09
Q3 25
$0.06
$0.74
Q2 25
$-0.17
$0.78
Q1 25
$-0.20
$0.27
Q4 24
$-0.22
$0.44
Q3 24
$-0.22
$0.55
Q2 24
$-0.31
$0.37

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ADPT
ADPT
KINS
KINS
Cash + ST InvestmentsLiquidity on hand
$77.6M
Total DebtLower is stronger
$4.4M
Stockholders' EquityBook value
$122.7M
Total Assets
$505.9M
$453.4M
Debt / EquityLower = less leverage
0.04×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
KINS
KINS
Q1 26
$77.6M
Q4 25
$70.5M
Q3 25
$55.0M
Q2 25
$43.2M
Q1 25
$50.6M
Q4 24
$47.9M
Q3 24
$38.1M
Q2 24
$59.8M
Total Debt
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
$4.4M
Q3 25
$4.8M
Q2 25
$5.1M
Q1 25
$5.4M
Q4 24
$11.2M
Q3 24
$17.3M
Q2 24
$25.3M
Stockholders' Equity
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
$218.8M
$122.7M
Q3 25
$204.4M
$107.7M
Q2 25
$179.7M
$94.9M
Q1 25
$190.4M
$82.2M
Q4 24
$202.7M
$66.7M
Q3 24
$223.8M
$59.7M
Q2 24
$241.6M
$40.8M
Total Assets
ADPT
ADPT
KINS
KINS
Q1 26
$505.9M
Q4 25
$512.7M
$453.4M
Q3 25
$490.6M
$428.6M
Q2 25
$496.6M
$393.4M
Q1 25
$510.9M
$385.4M
Q4 24
$539.4M
$374.9M
Q3 24
$558.5M
$347.0M
Q2 24
$584.9M
$319.8M
Debt / Equity
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
0.04×
Q3 25
0.04×
Q2 25
0.05×
Q1 25
0.07×
Q4 24
0.17×
Q3 24
0.29×
Q2 24
0.62×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ADPT
ADPT
KINS
KINS
Operating Cash FlowLast quarter
$75.9M
Free Cash FlowOCF − Capex
$73.1M
FCF MarginFCF / Revenue
129.5%
Capex IntensityCapex / Revenue
5.0%
Cash ConversionOCF / Net Profit
5.14×
TTM Free Cash FlowTrailing 4 quarters
$124.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
$2.1M
$75.9M
Q3 25
$-7.1M
$25.9M
Q2 25
$-12.4M
$9.3M
Q1 25
$-28.5M
$17.9M
Q4 24
$-12.5M
$57.9M
Q3 24
$-27.1M
$21.7M
Q2 24
$-17.3M
$7.1M
Free Cash Flow
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
$1.4M
$73.1M
Q3 25
$-7.5M
$25.3M
Q2 25
$-13.1M
$8.7M
Q1 25
$-29.7M
$17.0M
Q4 24
$-12.6M
$55.6M
Q3 24
$-27.4M
$21.0M
Q2 24
$-19.0M
$6.6M
FCF Margin
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
2.0%
129.5%
Q3 25
-8.0%
45.4%
Q2 25
-22.2%
16.6%
Q1 25
-56.7%
33.7%
Q4 24
-26.5%
132.1%
Q3 24
-59.0%
51.6%
Q2 24
-44.1%
18.1%
Capex Intensity
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
0.9%
5.0%
Q3 25
0.4%
1.2%
Q2 25
1.1%
1.1%
Q1 25
2.4%
1.7%
Q4 24
0.2%
5.6%
Q3 24
0.7%
1.7%
Q2 24
4.0%
1.4%
Cash Conversion
ADPT
ADPT
KINS
KINS
Q1 26
Q4 25
5.14×
Q3 25
-0.75×
2.38×
Q2 25
0.82×
Q1 25
4.60×
Q4 24
10.65×
Q3 24
3.12×
Q2 24
1.58×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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