Natera Financial Statements
NASDAQ: NTRAHealth CareMedical SpecialitiesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Natera revenue and earnings
In fiscal 2025, Natera generated $2.31 billion in revenue, up 35.9% from fiscal 2024, its 8th consecutive year of revenue growth. Natera reported a net loss of $208.2 million, compared with a loss of $190.4 million a year earlier. Operating margin was -13.4%.
Diluted earnings per share came in at -$1.52. Over the last 5 fiscal years, NTRA's revenue has grown at a 42.6% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Natera income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.31B | 1.70B | 1.08B | 820.22M | 625.49M | 391.00M | 302.33M | 257.65M | 210.94M | 217.07M |
| Revenue growth (YoY) | +35.90% | +56.75% | +31.99% | +31.13% | +59.97% | +29.33% | +17.34% | +22.15% | -2.83% | +14.04% |
| Cost of Revenue | — | — | — | — | — | — | — | 158.08M | 135.51M | 134.49M |
| Gross Profit | — | — | — | — | — | — | — | 99.57M | 75.43M | 82.58M |
| Operating Expenses | — | — | — | — | — | — | — | 214.20M | 210.77M | 183.63M |
| Research & Development | 624.11M | 404.14M | 320.68M | 316.42M | 264.21M | 100.03M | 51.36M | 51.35M | 50.06M | 41.86M |
| Selling, General & Admin | 1.18B | 841.31M | 618.31M | 588.59M | 511.03M | 303.63M | 206.18M | 154.87M | 155.31M | 136.13M |
| Operating Income | -309.91M | -222.29M | -446.25M | -541.04M | -468.17M | -216.28M | -116.29M | -114.63M | -135.34M | -101.05M |
| Interest Expense | 4.07M | 10.69M | 12.64M | 9.32M | 8.30M | 15.08M | 10.69M | 10.48M | 4.21M | 533.00K |
| Pretax Income | -268.09M | -189.73M | -434.53M | -546.82M | -471.10M | -229.65M | -122.83M | -127.83M | -137.17M | -100.19M |
| Income Tax | -59.93M | 695.00K | 271.00K | 978.00K | 618.00K | 98.00K | 2.00M | 321.00K | 454.00K | 142.00K |
| Net Income | -208.16M | -190.43M | -434.80M | -547.80M | -471.72M | -229.74M | -124.83M | -128.15M | -137.63M | -100.33M |
| Net Income growth (YoY) | — | — | — | — | — | — | — | — | — | — |
| EPS (Basic) | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.58 | -1.95 |
| EPS (Diluted) | -1.52 | -1.53 | -3.78 | -5.57 | -5.21 | -2.84 | -1.79 | -2.22 | -2.59 | -1.95 |
| Shares Outstanding (Basic) | 136.72M | 124.72M | 115.00M | 98.41M | 90.56M | 81.01M | 69.56M | 57.85M | 53.31M | 51.58M |
| Shares Outstanding (Diluted) | 136.72M | 124.72M | 115.00M | 98.41M | 90.56M | 81.01M | 69.56M | 57.85M | 53.60M | 51.58M |
| EBITDA | -268.15M | -191.33M | -422.15M | -524.34M | -456.92M | -207.66M | -108.56M | -107.13M | -128.20M | -94.87M |
| Gross Margin | — | — | — | — | — | — | — | 38.65% | 35.76% | 38.04% |
| Operating Margin | -13.44% | -13.10% | -41.22% | -65.96% | -74.85% | -55.31% | -38.46% | -44.49% | -64.16% | -46.55% |
| Net Margin | -9.03% | -11.22% | -40.16% | -66.79% | -75.42% | -58.76% | -41.29% | -49.74% | -65.25% | -46.22% |
This table shows 10 annual periods of Natera's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow NTRA's reporting calendar. What is a income statement?