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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and Revolution Medicines, Inc. (RVMD). Click either name above to swap in a different company.

Adaptive Biotechnologies Corp produced more free cash flow last quarter ($1.4M vs $-139.5M). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (30.8% CAGR vs -100.0%).

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.

Tempus AI, Inc. is an American health technology company founded in 2015 by Eric Lefkofsky in Chicago, Illinois. It was established by Lefkofsky soon after his wife was diagnosed with breast cancer. Tempus uses data and artificial intelligence (AI) to create precision medicine services, including diagnostics, for oncology, cardiology, radiology, and depression. The company went public on the Nasdaq on June 14, 2024, under the ticker symbol "TEM."

ADPT vs RVMD — Head-to-Head

Bigger by revenue
ADPT
ADPT
Infinity× larger
ADPT
$71.7M
$0
RVMD
More free cash flow
ADPT
ADPT
$140.9M more FCF
ADPT
$1.4M
$-139.5M
RVMD
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
30.8%
-100.0%
RVMD

Income Statement — Q4 2025 vs Q4 2024

Metric
ADPT
ADPT
RVMD
RVMD
Revenue
$71.7M
$0
Net Profit
$-13.6M
$-194.6M
Gross Margin
74.6%
Operating Margin
-17.8%
Net Margin
-18.9%
Revenue YoY
51.0%
Net Profit YoY
59.7%
-20.4%
EPS (diluted)
$-0.08
$-1.13

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
RVMD
RVMD
Q4 25
$71.7M
Q3 25
$94.0M
Q2 25
$58.9M
Q1 25
$52.4M
Q4 24
$47.5M
$0
Q3 24
$46.4M
$0
Q2 24
$43.2M
$0
Q1 24
$41.9M
$0
Net Profit
ADPT
ADPT
RVMD
RVMD
Q4 25
$-13.6M
Q3 25
$9.5M
Q2 25
$-25.6M
Q1 25
$-29.9M
Q4 24
$-33.7M
$-194.6M
Q3 24
$-32.1M
$-156.3M
Q2 24
$-46.2M
$-133.2M
Q1 24
$-47.5M
$-116.0M
Gross Margin
ADPT
ADPT
RVMD
RVMD
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
RVMD
RVMD
Q4 25
-17.8%
Q3 25
10.9%
Q2 25
-42.5%
Q1 25
-56.4%
Q4 24
-71.3%
Q3 24
-70.3%
Q2 24
-109.6%
Q1 24
-116.5%
Net Margin
ADPT
ADPT
RVMD
RVMD
Q4 25
-18.9%
Q3 25
10.2%
Q2 25
-43.5%
Q1 25
-56.9%
Q4 24
-71.0%
Q3 24
-69.1%
Q2 24
-107.0%
Q1 24
-113.5%
EPS (diluted)
ADPT
ADPT
RVMD
RVMD
Q4 25
$-0.08
Q3 25
$0.06
Q2 25
$-0.17
Q1 25
$-0.20
Q4 24
$-0.22
$-1.13
Q3 24
$-0.22
$-0.94
Q2 24
$-0.31
$-0.81
Q1 24
$-0.33
$-0.70

Balance Sheet & Financial Strength

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

Metric
ADPT
ADPT
RVMD
RVMD
Cash + ST InvestmentsLiquidity on hand
$70.5M
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$218.8M
$2.3B
Total Assets
$512.7M
$2.6B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
RVMD
RVMD
Q4 25
$70.5M
Q3 25
$55.0M
Q2 25
$43.2M
Q1 25
$50.6M
Q4 24
$47.9M
$2.3B
Q3 24
$38.1M
$1.5B
Q2 24
$59.8M
$1.6B
Q1 24
$71.2M
$1.7B
Stockholders' Equity
ADPT
ADPT
RVMD
RVMD
Q4 25
$218.8M
Q3 25
$204.4M
Q2 25
$179.7M
Q1 25
$190.4M
Q4 24
$202.7M
$2.3B
Q3 24
$223.8M
$1.6B
Q2 24
$241.6M
$1.6B
Q1 24
$274.9M
$1.7B
Total Assets
ADPT
ADPT
RVMD
RVMD
Q4 25
$512.7M
Q3 25
$490.6M
Q2 25
$496.6M
Q1 25
$510.9M
Q4 24
$539.4M
$2.6B
Q3 24
$558.5M
$1.8B
Q2 24
$584.9M
$1.8B
Q1 24
$620.3M
$1.9B

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
RVMD
RVMD
Operating Cash FlowLast quarter
$2.1M
$-138.3M
Free Cash FlowOCF − Capex
$1.4M
$-139.5M
FCF MarginFCF / Revenue
2.0%
Capex IntensityCapex / Revenue
0.9%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$-48.9M
$-567.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
RVMD
RVMD
Q4 25
$2.1M
Q3 25
$-7.1M
Q2 25
$-12.4M
Q1 25
$-28.5M
Q4 24
$-12.5M
$-138.3M
Q3 24
$-27.1M
$-130.4M
Q2 24
$-17.3M
$-128.2M
Q1 24
$-38.4M
$-160.6M
Free Cash Flow
ADPT
ADPT
RVMD
RVMD
Q4 25
$1.4M
Q3 25
$-7.5M
Q2 25
$-13.1M
Q1 25
$-29.7M
Q4 24
$-12.6M
$-139.5M
Q3 24
$-27.4M
$-133.9M
Q2 24
$-19.0M
$-130.6M
Q1 24
$-39.9M
$-163.7M
FCF Margin
ADPT
ADPT
RVMD
RVMD
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
RVMD
RVMD
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
RVMD
RVMD
Q4 25
Q3 25
-0.75×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

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%

RVMD
RVMD

Segment breakdown not available.

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