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Side-by-side financial comparison of Adaptive Biotechnologies Corp (ADPT) and SOUTHERN MISSOURI BANCORP, INC. (SMBC). Click either name above to swap in a different company.

Adaptive Biotechnologies Corp is the larger business by last-quarter revenue ($70.9M vs $49.6M, roughly 1.4× SOUTHERN MISSOURI BANCORP, INC.). SOUTHERN MISSOURI BANCORP, INC. runs the higher net margin — 36.6% vs 4.7%, a 31.8% gap on every dollar of revenue. On growth, Adaptive Biotechnologies Corp posted the faster year-over-year revenue change (35.1% vs 10.3%). Over the past eight quarters, Adaptive Biotechnologies Corp's revenue compounded faster (28.1% CAGR vs 11.3%).

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.

U.S. Bancorp is an American multinational banking institution headquartered in Minneapolis, Minnesota and incorporated in Delaware. It is the 5th-largest bank in the United States as of 2025. As the largest bank in the Midwestern United States, it is considered systemically important by the Financial Stability Board. It is the parent company of its primary operating entity, U.S. Bank National Association, which does business as U.S. Bank. The company provides banking, investment, mortgage, tr...

ADPT vs SMBC — Head-to-Head

Bigger by revenue
ADPT
ADPT
1.4× larger
ADPT
$70.9M
$49.6M
SMBC
Growing faster (revenue YoY)
ADPT
ADPT
+24.8% gap
ADPT
35.1%
10.3%
SMBC
Higher net margin
SMBC
SMBC
31.8% more per $
SMBC
36.6%
4.7%
ADPT
Faster 2-yr revenue CAGR
ADPT
ADPT
Annualised
ADPT
28.1%
11.3%
SMBC

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
ADPT
ADPT
SMBC
SMBC
Revenue
$70.9M
$49.6M
Net Profit
$3.4M
$18.1M
Gross Margin
73.6%
Operating Margin
-27.1%
45.7%
Net Margin
4.7%
36.6%
Revenue YoY
35.1%
10.3%
Net Profit YoY
23.9%
EPS (diluted)
$1.62

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
SMBC
SMBC
Q1 26
$70.9M
Q4 25
$71.7M
$49.6M
Q3 25
$94.0M
$49.0M
Q2 25
$58.9M
$47.6M
Q1 25
$52.4M
$46.1M
Q4 24
$47.5M
$45.0M
Q3 24
$46.4M
$43.8M
Q2 24
$43.2M
$42.9M
Net Profit
ADPT
ADPT
SMBC
SMBC
Q1 26
$3.4M
Q4 25
$-13.6M
$18.1M
Q3 25
$9.5M
$15.7M
Q2 25
$-25.6M
$15.8M
Q1 25
$-29.9M
$15.7M
Q4 24
$-33.7M
$14.7M
Q3 24
$-32.1M
$12.5M
Q2 24
$-46.2M
$13.5M
Gross Margin
ADPT
ADPT
SMBC
SMBC
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
SMBC
SMBC
Q1 26
-27.1%
Q4 25
-17.8%
45.7%
Q3 25
10.9%
39.7%
Q2 25
-42.5%
40.2%
Q1 25
-56.4%
43.0%
Q4 24
-71.3%
42.7%
Q3 24
-70.3%
36.1%
Q2 24
-109.6%
39.6%
Net Margin
ADPT
ADPT
SMBC
SMBC
Q1 26
4.7%
Q4 25
-18.9%
36.6%
Q3 25
10.2%
31.9%
Q2 25
-43.5%
33.2%
Q1 25
-56.9%
34.0%
Q4 24
-71.0%
32.6%
Q3 24
-69.1%
28.4%
Q2 24
-107.0%
31.6%
EPS (diluted)
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
$-0.08
$1.62
Q3 25
$0.06
$1.38
Q2 25
$-0.17
$1.39
Q1 25
$-0.20
$1.39
Q4 24
$-0.22
$1.30
Q3 24
$-0.22
$1.10
Q2 24
$-0.31
$1.20

Balance Sheet & Financial Strength

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

Metric
ADPT
ADPT
SMBC
SMBC
Cash + ST InvestmentsLiquidity on hand
$77.6M
$134.1M
Total DebtLower is stronger
Stockholders' EquityBook value
$567.4M
Total Assets
$505.9M
$5.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ADPT
ADPT
SMBC
SMBC
Q1 26
$77.6M
Q4 25
$70.5M
$134.1M
Q3 25
$55.0M
$124.1M
Q2 25
$43.2M
$192.9M
Q1 25
$50.6M
$226.9M
Q4 24
$47.9M
$145.8M
Q3 24
$38.1M
$75.3M
Q2 24
$59.8M
$60.9M
Stockholders' Equity
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
$218.8M
$567.4M
Q3 25
$204.4M
$560.2M
Q2 25
$179.7M
$544.7M
Q1 25
$190.4M
$528.8M
Q4 24
$202.7M
$512.4M
Q3 24
$223.8M
$505.6M
Q2 24
$241.6M
$488.7M
Total Assets
ADPT
ADPT
SMBC
SMBC
Q1 26
$505.9M
Q4 25
$512.7M
$5.1B
Q3 25
$490.6M
$5.0B
Q2 25
$496.6M
$5.0B
Q1 25
$510.9M
$5.0B
Q4 24
$539.4M
$4.9B
Q3 24
$558.5M
$4.7B
Q2 24
$584.9M
$4.6B

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
SMBC
SMBC
Operating Cash FlowLast quarter
$21.3M
Free Cash FlowOCF − Capex
$20.2M
FCF MarginFCF / Revenue
40.6%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters
$133.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
$2.1M
$21.3M
Q3 25
$-7.1M
$16.3M
Q2 25
$-12.4M
$81.6M
Q1 25
$-28.5M
$24.1M
Q4 24
$-12.5M
$20.1M
Q3 24
$-27.1M
$10.0M
Q2 24
$-17.3M
$70.3M
Free Cash Flow
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
$1.4M
$20.2M
Q3 25
$-7.5M
$15.4M
Q2 25
$-13.1M
$75.3M
Q1 25
$-29.7M
$22.7M
Q4 24
$-12.6M
$18.2M
Q3 24
$-27.4M
$8.6M
Q2 24
$-19.0M
$61.2M
FCF Margin
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
2.0%
40.6%
Q3 25
-8.0%
31.4%
Q2 25
-22.2%
158.1%
Q1 25
-56.7%
49.3%
Q4 24
-26.5%
40.3%
Q3 24
-59.0%
19.5%
Q2 24
-44.1%
142.8%
Capex Intensity
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
0.9%
2.2%
Q3 25
0.4%
1.8%
Q2 25
1.1%
13.2%
Q1 25
2.4%
3.0%
Q4 24
0.2%
4.4%
Q3 24
0.7%
3.3%
Q2 24
4.0%
21.1%
Cash Conversion
ADPT
ADPT
SMBC
SMBC
Q1 26
Q4 25
1.17×
Q3 25
-0.75×
1.04×
Q2 25
5.17×
Q1 25
1.54×
Q4 24
1.37×
Q3 24
0.80×
Q2 24
5.19×

Financial Flow Comparison

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

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