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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.

Adaptive Biotechnologies Corp is the larger business by last-quarter revenue ($71.7M vs $70.6M, roughly 1.0× MEDALLION FINANCIAL CORP). MEDALLION FINANCIAL CORP runs the higher net margin — 17.3% vs -18.9%, a 36.2% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (51.0% vs 25.4%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (30.8% CAGR vs 15.0%).

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.

Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.

ADPT vs MFIN — Head-to-Head

Bigger by revenue
ADPT
ADPT
1.0× larger
ADPT
$71.7M
$70.6M
MFIN
Growing faster (revenue YoY)
ADPT
ADPT
+25.6% gap
ADPT
51.0%
25.4%
MFIN
Higher net margin
MFIN
MFIN
36.2% more per $
MFIN
17.3%
-18.9%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
30.8%
15.0%
MFIN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ADPT
ADPT
MFIN
MFIN
Revenue
$71.7M
$70.6M
Net Profit
$-13.6M
$12.2M
Gross Margin
74.6%
Operating Margin
-17.8%
29.3%
Net Margin
-18.9%
17.3%
Revenue YoY
51.0%
25.4%
Net Profit YoY
59.7%
20.3%
EPS (diluted)
$-0.08
$0.50

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
MFIN
MFIN
Q4 25
$71.7M
$70.6M
Q3 25
$94.0M
$58.7M
Q2 25
$58.9M
$62.6M
Q1 25
$52.4M
$63.0M
Q4 24
$47.5M
$56.3M
Q3 24
$46.4M
$53.3M
Q2 24
$43.2M
$51.0M
Q1 24
$41.9M
$53.3M
Net Profit
ADPT
ADPT
MFIN
MFIN
Q4 25
$-13.6M
$12.2M
Q3 25
$9.5M
$7.8M
Q2 25
$-25.6M
$11.1M
Q1 25
$-29.9M
$12.0M
Q4 24
$-33.7M
$10.1M
Q3 24
$-32.1M
$8.6M
Q2 24
$-46.2M
$7.1M
Q1 24
$-47.5M
$10.0M
Gross Margin
ADPT
ADPT
MFIN
MFIN
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%
Q1 24
56.9%
Operating Margin
ADPT
ADPT
MFIN
MFIN
Q4 25
-17.8%
29.3%
Q3 25
10.9%
33.2%
Q2 25
-42.5%
31.1%
Q1 25
-56.4%
32.1%
Q4 24
-71.3%
32.8%
Q3 24
-70.3%
26.6%
Q2 24
-109.6%
24.3%
Q1 24
-116.5%
33.6%
Net Margin
ADPT
ADPT
MFIN
MFIN
Q4 25
-18.9%
17.3%
Q3 25
10.2%
13.2%
Q2 25
-43.5%
17.7%
Q1 25
-56.9%
19.1%
Q4 24
-71.0%
18.0%
Q3 24
-69.1%
16.1%
Q2 24
-107.0%
13.9%
Q1 24
-113.5%
18.8%
EPS (diluted)
ADPT
ADPT
MFIN
MFIN
Q4 25
$-0.08
$0.50
Q3 25
$0.06
$0.32
Q2 25
$-0.17
$0.46
Q1 25
$-0.20
$0.50
Q4 24
$-0.22
$0.43
Q3 24
$-0.22
$0.37
Q2 24
$-0.31
$0.30
Q1 24
$-0.33
$0.42

Balance Sheet & Financial Strength

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

Metric
ADPT
ADPT
MFIN
MFIN
Cash + ST InvestmentsLiquidity on hand
$70.5M
$136.3M
Total DebtLower is stronger
$216.0M
Stockholders' EquityBook value
$218.8M
$408.6M
Total Assets
$512.7M
$3.0B
Debt / EquityLower = less leverage
0.53×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
MFIN
MFIN
Q4 25
$70.5M
$136.3M
Q3 25
$55.0M
$72.5M
Q2 25
$43.2M
$110.4M
Q1 25
$50.6M
$131.5M
Q4 24
$47.9M
$98.2M
Q3 24
$38.1M
$120.6M
Q2 24
$59.8M
$87.7M
Q1 24
$71.2M
$54.8M
Total Debt
ADPT
ADPT
MFIN
MFIN
Q4 25
$216.0M
Q3 25
$215.7M
Q2 25
$199.9M
Q1 25
$199.7M
Q4 24
$232.2M
Q3 24
$232.0M
Q2 24
$230.8M
Q1 24
$225.6M
Stockholders' Equity
ADPT
ADPT
MFIN
MFIN
Q4 25
$218.8M
$408.6M
Q3 25
$204.4M
$397.4M
Q2 25
$179.7M
$389.9M
Q1 25
$190.4M
$380.2M
Q4 24
$202.7M
$370.2M
Q3 24
$223.8M
$362.4M
Q2 24
$241.6M
$354.0M
Q1 24
$274.9M
$349.0M
Total Assets
ADPT
ADPT
MFIN
MFIN
Q4 25
$512.7M
$3.0B
Q3 25
$490.6M
$2.9B
Q2 25
$496.6M
$2.9B
Q1 25
$510.9M
$2.8B
Q4 24
$539.4M
$2.9B
Q3 24
$558.5M
$2.9B
Q2 24
$584.9M
$2.8B
Q1 24
$620.3M
$2.6B
Debt / Equity
ADPT
ADPT
MFIN
MFIN
Q4 25
0.53×
Q3 25
0.54×
Q2 25
0.51×
Q1 25
0.53×
Q4 24
0.63×
Q3 24
0.64×
Q2 24
0.65×
Q1 24
0.65×

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
MFIN
MFIN
Operating Cash FlowLast quarter
$2.1M
$126.3M
Free Cash FlowOCF − Capex
$1.4M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
10.35×
TTM Free Cash FlowTrailing 4 quarters
$-48.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
MFIN
MFIN
Q4 25
$2.1M
$126.3M
Q3 25
$-7.1M
$67.0M
Q2 25
$-12.4M
$-10.7M
Q1 25
$-28.5M
$36.3M
Q4 24
$-12.5M
$108.7M
Q3 24
$-27.1M
$24.6M
Q2 24
$-17.3M
$27.6M
Q1 24
$-38.4M
$32.3M
Free Cash Flow
ADPT
ADPT
MFIN
MFIN
Q4 25
$1.4M
Q3 25
$-7.5M
Q2 25
$-13.1M
Q1 25
$-29.7M
Q4 24
$-12.6M
Q3 24
$-27.4M
Q2 24
$-19.0M
Q1 24
$-39.9M
FCF Margin
ADPT
ADPT
MFIN
MFIN
Q4 25
2.0%
Q3 25
-8.0%
Q2 25
-22.2%
Q1 25
-56.7%
Q4 24
-26.5%
Q3 24
-59.0%
Q2 24
-44.1%
Q1 24
-95.2%
Capex Intensity
ADPT
ADPT
MFIN
MFIN
Q4 25
0.9%
Q3 25
0.4%
Q2 25
1.1%
Q1 25
2.4%
Q4 24
0.2%
Q3 24
0.7%
Q2 24
4.0%
Q1 24
3.6%
Cash Conversion
ADPT
ADPT
MFIN
MFIN
Q4 25
10.35×
Q3 25
-0.75×
8.63×
Q2 25
-0.97×
Q1 25
3.02×
Q4 24
10.72×
Q3 24
2.86×
Q2 24
3.89×
Q1 24
3.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

ADPT
ADPT

Mrd Business Segment$61.9M86%
Immune Medicine Business$9.8M14%
Immune Medicine Service Revenue$100.0K0%

MFIN
MFIN

Segment breakdown not available.

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