Natera revenue and financials
$400.65Change from previous close: −5.87%Absolute change: −$24.99
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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 753 | 697 | 665 | 592 | 547 | 502 | 476 | 440 | 413 | 368 | 311 | 268 |
| Cost of revenue | 268 | 246 | 220 | 208 | 200 | 185 | 176 | 168 | 170 | 159 | 151 | 147 |
| Gross profit | 485 | 451 | 445 | 384 | 347 | 317 | 300 | 272 | 243 | 209 | 160 | 121 |
| Selling, general and administrative | 329 | 321 | 291 | 309 | 311 | 267 | 235 | 214 | 198 | 194 | 161 | 155 |
| Research and development | 228 | 211 | 175 | 173 | 146 | 129 | 129 | 96.9 | 89.1 | 88.6 | 83.0 | 77.2 |
| Operating income | -77.5 | -86.3 | -22.8 | -97.6 | -110 | -79.2 | -64.7 | -39.3 | -43.9 | -74.3 | -84.5 | -111 |
| EBIT | -77.5 | -86.3 | -22.8 | -97.6 | -110 | -79.2 | -64.7 | -39.3 | -43.9 | -74.3 | -84.5 | -111 |
| EBITDA | -56.3 | -66.1 | -13.7 | -87.3 | -101 | -69.9 | -60.5 | -31.1 | -36.0 | -67.3 | -80.0 | -104 |
| Interest expense | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 | 1.0 | 1.3 | 3.1 | 3.1 | 3.1 | 3.1 | 3.3 |
| Pre-tax income | -67.2 | -84.8 | -13.3 | -87.3 | -101 | -66.8 | -55.1 | -30.9 | -36.6 | -67.2 | -77.8 | -109 |
| Income tax | -0.3 | 0.3 | -60.6 | 0.2 | 0.3 | 0.2 | -1.4 | 0.7 | 0.9 | 0.4 | 0.2 | 0.2 |
| Net income | -67.0 | -85.1 | 47.3 | -87.5 | -101 | -66.9 | -53.8 | -31.6 | -37.5 | -67.6 | -78.0 | -109 |
| Net income to common shareholders | -67.0 | -85.1 | 47.3 | -87.5 | -101 | -66.9 | -53.8 | -31.6 | -37.5 | -67.6 | -78.0 | -109 |
| Basic EPS | -0.47 | -0.60 | 0.34 | -0.64 | -0.74 | -0.50 | -0.41 | -0.26 | -0.30 | -0.56 | -0.65 | -0.95 |
| Diluted EPS | -0.47 | -0.60 | 0.34 | -0.64 | -0.74 | -0.50 | -0.41 | -0.26 | -0.30 | -0.56 | -0.65 | -0.95 |
| Average shares (basic) | 143 | 142 | 138 | 137 | 136 | 135 | 131 | 124 | 123 | 121 | 119 | 115 |
| Average shares (diluted) | 143 | 142 | 138 | 137 | 136 | 135 | 131 | 124 | 123 | 121 | 119 | 115 |