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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and Sila Realty Trust, Inc. (SILA). Click either name above to swap in a different company.

Adaptive Biotechnologies Corp is the larger business by last-quarter revenue ($70.9M vs $50.1M, roughly 1.4× Sila Realty Trust, Inc.). Sila Realty Trust, Inc. runs the higher net margin — 10.0% vs 4.7%, a 5.3% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs 7.6%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs -0.6%).

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.

Sila Realty Trust, Inc. is a U.S.-based real estate investment trust that owns, operates, and acquires high-quality income-generating commercial properties. Its core portfolio covers industrial logistics facilities, office assets and mixed-use properties, serving tenants across logistics, corporate and retail segments to deliver stable long-term returns.

ADPT vs SILA — Head-to-Head

Bigger by revenue
ADPT
ADPT
1.4× larger
ADPT
$70.9M
$50.1M
SILA
Growing faster (revenue YoY)
ADPT
ADPT
+27.5% gap
ADPT
35.1%
7.6%
SILA
Higher net margin
SILA
SILA
5.3% more per $
SILA
10.0%
4.7%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
28.1%
-0.6%
SILA

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
ADPT
ADPT
SILA
SILA
Revenue
$70.9M
$50.1M
Net Profit
$3.4M
$5.0M
Gross Margin
73.6%
88.9%
Operating Margin
-27.1%
Net Margin
4.7%
10.0%
Revenue YoY
35.1%
7.6%
Net Profit YoY
-54.9%
EPS (diluted)
$0.10

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
SILA
SILA
Q1 26
$70.9M
Q4 25
$71.7M
$50.1M
Q3 25
$94.0M
$49.8M
Q2 25
$58.9M
$48.7M
Q1 25
$52.4M
$48.3M
Q4 24
$47.5M
$46.5M
Q3 24
$46.4M
$46.1M
Q2 24
$43.2M
$43.6M
Net Profit
ADPT
ADPT
SILA
SILA
Q1 26
$3.4M
Q4 25
$-13.6M
$5.0M
Q3 25
$9.5M
$11.6M
Q2 25
$-25.6M
$8.6M
Q1 25
$-29.9M
$7.9M
Q4 24
$-33.7M
$11.1M
Q3 24
$-32.1M
$11.9M
Q2 24
$-46.2M
$4.6M
Gross Margin
ADPT
ADPT
SILA
SILA
Q1 26
73.6%
Q4 25
74.6%
88.9%
Q3 25
80.7%
88.1%
Q2 25
69.4%
87.7%
Q1 25
67.6%
86.9%
Q4 24
62.0%
87.3%
Q3 24
64.1%
87.4%
Q2 24
55.3%
86.6%
Operating Margin
ADPT
ADPT
SILA
SILA
Q1 26
-27.1%
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%
Net Margin
ADPT
ADPT
SILA
SILA
Q1 26
4.7%
Q4 25
-18.9%
10.0%
Q3 25
10.2%
23.3%
Q2 25
-43.5%
17.6%
Q1 25
-56.9%
16.4%
Q4 24
-71.0%
23.9%
Q3 24
-69.1%
25.9%
Q2 24
-107.0%
10.6%
EPS (diluted)
ADPT
ADPT
SILA
SILA
Q1 26
Q4 25
$-0.08
$0.10
Q3 25
$0.06
$0.21
Q2 25
$-0.17
$0.15
Q1 25
$-0.20
$0.14
Q4 24
$-0.22
$0.20
Q3 24
$-0.22
$0.21
Q2 24
$-0.31
$0.08

Balance Sheet & Financial Strength

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

Metric
ADPT
ADPT
SILA
SILA
Cash + ST InvestmentsLiquidity on hand
$77.6M
$32.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$1.3B
Total Assets
$505.9M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
SILA
SILA
Q1 26
$77.6M
Q4 25
$70.5M
$32.3M
Q3 25
$55.0M
$27.7M
Q2 25
$43.2M
$24.8M
Q1 25
$50.6M
$30.5M
Q4 24
$47.9M
$39.8M
Q3 24
$38.1M
$28.6M
Q2 24
$59.8M
$87.0M
Stockholders' Equity
ADPT
ADPT
SILA
SILA
Q1 26
Q4 25
$218.8M
$1.3B
Q3 25
$204.4M
$1.3B
Q2 25
$179.7M
$1.4B
Q1 25
$190.4M
$1.4B
Q4 24
$202.7M
$1.4B
Q3 24
$223.8M
$1.4B
Q2 24
$241.6M
$1.5B
Total Assets
ADPT
ADPT
SILA
SILA
Q1 26
$505.9M
Q4 25
$512.7M
$2.1B
Q3 25
$490.6M
$2.1B
Q2 25
$496.6M
$2.0B
Q1 25
$510.9M
$2.0B
Q4 24
$539.4M
$2.0B
Q3 24
$558.5M
$2.0B
Q2 24
$584.9M
$2.1B

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
SILA
SILA
Operating Cash FlowLast quarter
$119.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
23.76×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
SILA
SILA
Q1 26
Q4 25
$2.1M
$119.1M
Q3 25
$-7.1M
$30.0M
Q2 25
$-12.4M
$31.9M
Q1 25
$-28.5M
$24.1M
Q4 24
$-12.5M
$132.8M
Q3 24
$-27.1M
$29.1M
Q2 24
$-17.3M
$31.6M
Free Cash Flow
ADPT
ADPT
SILA
SILA
Q1 26
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
FCF Margin
ADPT
ADPT
SILA
SILA
Q1 26
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%
Capex Intensity
ADPT
ADPT
SILA
SILA
Q1 26
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%
Cash Conversion
ADPT
ADPT
SILA
SILA
Q1 26
Q4 25
23.76×
Q3 25
-0.75×
2.59×
Q2 25
3.71×
Q1 25
3.06×
Q4 24
11.95×
Q3 24
2.43×
Q2 24
6.84×

Financial Flow Comparison

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

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