Natera, Inc.

Natera, Inc.

NTRA·NASDAQ

$211.85

-0.41%
HealthcareMedical - Diagnostics & Research

Natera, Inc., a diagnostics company, develops and commercializes molecular testing services worldwide. It offers Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus with a blood draw from the mother, as well as twin pregnancies for zygosity; Vistara, a single-gene mutations screening test to identify single-gene disorder; Horizon carrier screening to determine carrier status for various genetic diseases; and Spectrum to identify chromosomal anomalies or inherited genetic conditions during an in vitro fertilization cycle. The company also provides Anora miscarriage test products to analyze fetal chromosomes to understand the cause of miscarriage; and non-invasive paternity testing products to determine paternity by gestation using a blood draw from the pregnant mother and alleged father. In addition, it offers Constellation, a cloud-based software product that enables laboratory customers to gain access through the cloud to the company's algorithms and bioinformatics in order to validate and launch tests; Signatera, a circulating tumor DNA technology that screen for a generic set of mutations independent of an individual's tumor; and Prospera used to assess organ transplant rejection. The company offers products through its direct sales force, as well as through a network of approximately 100 laboratory and distribution partners. It has a partnership agreement with BGI Genomics Co., Ltd. to develop, manufacture, and commercialize NGS-based genetic testing assays; and Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. The company was formerly known as Gene Security Network, Inc. and changed its name to Natera, Inc. in 2012. Natera, Inc. was founded in 2003 and is based in Austin, Texas.

At a Glance

Live Snapshot
Market Cap$30.34B
EPS-1.5200
P/E Ratio-139.37
Earnings Date08/06/2026
3Y+181.0%
5Y+490.0%
10Y+962.0%
3Y-62.0%
5Y-9.0%
10Y+117.0%
3Y-150.0%
5Y-218.0%
10Y-391.0%
Natera, Inc.

Natera, Inc. Profit Bridge

NTRA · NASDAQ
Revenue2.31B
Cost of Goods Sold (810.63M)
Gross Profit1.50B
Operating Expenses (1.81B)
Operating Income-309.91M
Interest Expense (4.07M)
Other Income/Expense41.82M
Pretax Income-268.09M
Income Tax (-59.93M)
Net Income-208.16M
Net Income
-208.16M

Profitability Analysis

Gross Margin

64.8%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-13.4%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-9.0%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Natera, Inc. Income Statement

NTRA • NASDAQ

Natera, Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012
REVENUE
2.3B
1.7B
1.1B
820.2M
625.5M
391M
302.3M
257.7M
210.9M
217.1M
190.4M
159.3M
55.2M
14.3M
GROSS PROFIT
(810.6M)
(673.8M)
(589.8M)
(456.3M)
(318.4M)
(203.6M)
(175.5M)
(166.1M)
(139.6M)
(135.6M)
(112.8M)
(78.4M)
(37.3M)
(11.2M)
1.5B
1B
492.7M
364M
307.1M
187.4M
126.9M
91.6M
71.3M
81.5M
77.5M
80.9M
17.9M
3.1M
OPERATING INCOME
(1.8B)
(1.2B)
(939M)
(905M)
(775.2M)
(403.7M)
(243.1M)
(206.2M)
(205.4M)
(178M)
(137.3M)
(80.2M)
(43.2M)
(22.3M)
(1.2B)
(841.3M)
(618.3M)
(588.6M)
(511M)
(303.6M)
(206.2M)
(154.9M)
(155.3M)
(136.1M)
(109.6M)
(62.9M)
(31.6M)
(15.3M)
(624.1M)
(404.1M)
(320.7M)
(316.4M)
(264.2M)
(100M)
(51.4M)
(51.4M)
(50.1M)
(41.9M)
(27.7M)
(17.3M)
(11.6M)
(7M)
-309.9M
-222.3M
-446.2M
-541M
-468.2M
-216.3M
-116.3M
-114.6M
-134M
-96.5M
-59.8M
665K
-25.3M
-19.2M
PRE-TAX INCOME
(4.1M)
(10.7M)
(12.6M)
(9.3M)
(8.3M)
(15.1M)
(10.7M)
(10.5M)
(4.2M)
(533K)
(3.5M)
(4.2M)
(11.9M)
(0.0)
-4.1M
32.6M
11.7M
-5.8M
-2.9M
-7.5M
-6.5M
-13.2M
-1.8M
865K
-2.5M
-4.1M
-11.9M
0.0
(4M)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-14.4M
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(98K)
(0.0)
41.8M
32.6M
11.7M
-5.8M
-2.9M
-13.4M
-6.5M
-13.2M
-1.8M
865K
-10.4M
-5.8M
-11.8M
-57M
-268.1M
-189.7M
-434.5M
-546.8M
-471.1M
-229.6M
-122.8M
-127.8M
-135.9M
-95.6M
-70.3M
-5.2M
-37.1M
-76.2M
NET INCOME
-59.9M
(695K)
(271K)
(978K)
(618K)
(98K)
(2M)
(321K)
(454K)
(142K)
(0.0)
(0.0)
(0.0)
(0.0)
-208.2M
-190.4M
-434.8M
-547.8M
-471.7M
-229.7M
-124.8M
-128.2M
-136.3M
-95.8M
-70.3M
-5.2M
-37.1M
-76.2M

SEC Filings

NTRA - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 08, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 07, 2026
May 07, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 23, 2026
June 11, 2026
2026
8-K

8-K 2026

N/A

April 01, 2026
March 26, 2026
2026
10-K

10-K 2025 FY

FY

February 27, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

February 26, 2026
February 26, 2026
2026
8-K

8-K 2026

N/A

January 12, 2026
January 11, 2026
2026
S-3

S-3

N/A

December 05, 2025
December 05, 2025
 
8-K

8-K 2025

N/A

December 05, 2025
December 04, 2025
2025
10-Q

10-Q 2025 Q3

Q3

November 07, 2025
September 30, 2025
2025
Showing 1 to 10 of 172 filings