undamentalytics Newsletter

Adaptive Biotechnologies vs Aurinia Pharmaceuticals

Adaptive Biotechnologies and Aurinia Pharmaceuticals are similar in size: $277m and $283m of revenue in their latest fiscal years. Adaptive Biotechnologies grew faster (54.8% against 20.4%). Aurinia Pharmaceuticals kept more of each dollar of sales as profit: a net margin of 101.5% against -21.5%. Aurinia Pharmaceuticals carries less debt relative to equity (0.0% against 60.0%).

Latest fiscal yearAdaptive BiotechnologiesADPT, 2025Aurinia PharmaceuticalsAUPH, 2025
Revenue $277m $283m
Revenue growth 54.8% 20.4%
Net income −$59.5m $287m
Operating margin -20.6% 37.1%
Net margin -21.5% 101.5%
Return on equity -28.2% 59.9%
Free cash flow −$48.9m —
Cash $70.5m $80.2m
Total debt $131m $0
Debt to equity 60.0% 0.0%
Dividend per share — —
Dividend yield — —
Share buybacks — $98.2m
Employees 624 128
Market value $4.10bn $2.23bn
Price vs our value range — Below our value range
Moat score 24 (Weak) 32 (Weak)
Insider trades, 12 months 0 buys, 168 sales 11 buys, 2 sales

Each figure is from the company's latest annual report and links to the page it comes from. Fiscal years can end on different dates. Market value and the value verdict use the delayed price shown on the stock pages. Not a recommendation.

Go deeper

Figures from each company's latest annual report filed with the SEC (10-K or 20-F), as reported, with the fiscal year shown. Not investment advice. How we read filings: methodology.