Natera revenue and financials
$398.32Change from previous close: −6.42%Absolute change: −$27.32
In the fiscal year ended December 2025, Natera reported revenue of $2.31B (+35.90% year over year). The net loss was $208.16M.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +35.90%
- 2025 vs 2024
- Net margin
- -9.0%
- 2024: -11.2%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 2,306 | 1,697 | 1,083 | 820 | 625 | 391 | 302 | 258 | 211 | 217 |
| Cost of revenue | 813 | 674 | 590 | 456 | 318 | — | — | 158 | 136 | 134 |
| Gross profit | 1,493 | 1,023 | 493 | 364 | 307 | — | — | — | — | — |
| Selling, general and administrative | 1,177 | 841 | 618 | 589 | 511 | — | — | — | — | — |
| Research and development | 624 | 404 | 321 | 316 | 264 | 100 | 51.4 | 51.4 | 50.1 | 41.9 |
| Operating income | -310 | -222 | -446 | -541 | -468 | -216 | -116 | -115 | -135 | -101 |
| EBIT | -310 | -222 | -446 | -541 | -468 | — | — | — | — | — |
| EBITDA | -271 | -195 | -425 | -525 | -458 | — | — | — | — | — |
| Interest expense | 4.1 | 10.7 | 12.6 | 9.3 | 8.3 | 15.1 | 10.7 | 10.5 | 4.2 | 0.5 |
| Pre-tax income | -268 | -190 | -435 | -547 | -471 | — | — | — | — | — |
| Income tax | -59.9 | 0.7 | 0.3 | 1.0 | 0.6 | 0.1 | 2.0 | 0.3 | 0.5 | 0.1 |
| Net income | -208 | -190 | -435 | -548 | -472 | -230 | -125 | -128 | -138 | -100 |
| Net income to common shareholders | -208 | -190 | -435 | -548 | -472 | — | — | — | — | — |
| Basic EPS | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.58 | -1.95 |
| Diluted EPS | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.59 | -1.95 |
| Average shares (basic) | 137 | 125 | 115 | 98.4 | 90.6 | — | — | — | — | — |
| Average shares (diluted) | 137 | 125 | 115 | 98.4 | 90.6 | 81.0 | 69.6 | 57.8 | 53.6 | 51.6 |