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NTRA (Natera, Inc.) Stock Financials & Earnings | Market Cap Arena
NTRA
Natera, Inc.
Mkt Cap
$29B
Healthcare
·
Medical - Diagnostics & Research
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$2.3B
Net Income (TTM)
-$208M
EPS (TTM)
-$1.53
Free Cash Flow (TTM)
$97M
Gross Margin
64.8%
Op. Margin
-13.4%
Net Margin
-9.0%
FCF Margin
4.2%
P/S Ratio (TTM)
12.5x
P/E Ratio (TTM)
—
YoY Rev Growth
+35.9%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$242M
$94M
-$138M
Q2 23
$261M
$118M
-$112M
Q3 23
$268M
$121M
-$111M
Q4 23
$311M
$160M
-$85M
Q1 24
$368M
$209M
-$74M
Q2 24
$413M
$243M
-$44M
Q3 24
$440M
$272M
-$39M
Q4 24
$476M
$300M
-$65M
Q1 25
$502M
$317M
-$79M
Q2 25
$547M
$347M
-$110M
Q3 25
$592M
$384M
-$98M
Q4 25
$666M
$447M
-$23M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
33.2x
—
Q2 23
30.9x
—
Q3 23
29.1x
—
Q4 23
26.6x
—
Q1 24
23.8x
—
Q2 24
21.2x
—
Q3 24
18.8x
—
Q4 24
17.0x
—
Q1 25
15.7x
—
Q2 25
14.7x
—
Q3 25
13.6x
—
Q4 25
12.5x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$81M
-$92M
Q2 23
-$79M
-$87M
Q3 23
-$30M
-$39M
Q4 23
-$58M
-$68M
Q1 24
$27M
$7M
Q2 24
$4M
-$8M
Q3 24
$52M
$35M
Q4 24
$53M
$35M
Q1 25
$44M
$23M
Q2 25
$38M
$12M
Q3 25
$59M
$24M
Q4 25
$74M
$38M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$11M
Q2 23
$9M
Q3 23
$9M
Q4 23
$10M
Q1 24
$20M
Q2 24
$12M
Q3 24
$16M
Q4 24
$18M
Q1 25
$22M
Q2 25
$26M
Q3 25
$35M
Q4 25
$36M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+24.5%
+14.7%
Q2 23
+31.9%
+9.5%
Q3 23
+27.4%
+15.0%
Q4 23
+43.2%
+10.2%
Q1 24
+52.1%
+16.3%
Q2 24
+58.1%
+22.3%
Q3 24
+63.9%
+26.3%
Q4 24
+53.0%
+36.7%
Q1 25
+36.5%
+31.4%
Q2 25
+32.2%
+43.7%
Q3 25
+34.7%
+44.0%
Q4 25
+39.8%
+27.3%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$40M
16.7%
Q2 23
$44M
17.0%
Q3 23
$58M
21.5%
Q4 23
$49M
15.7%
Q1 24
$64M
17.5%
Q2 24
$67M
16.3%
Q3 24
$71M
16.1%
Q4 24
$72M
15.1%
Q1 25
$78M
15.5%
Q2 25
$93M
17.1%
Q3 25
$91M
15.3%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$82M
$150M
Q2 23
$78M
$153M
Q3 23
$77M
$155M
Q4 23
$83M
$161M
Q1 24
$89M
$194M
Q2 24
$89M
$198M
Q3 24
$97M
$214M
Q4 24
$129M
$235M
Q1 25
$129M
$267M
Q2 25
$146M
$311M
Q3 25
$173M
$309M
Q4 25
$175M
$291M
marketcaparena.com
Revenue Segments
Licensing and other
Product
Royalty
Quarter
Licensing and other
Product
Royalty
Q1 23
$4M
$238M
$600K
Q1 24
$3M
$365M
—
Q2 24
$2M
$411M
—
Q3 24
$4M
$436M
—
Q1 25
$2M
$500M
—
Q2 25
$2M
$544M
—
Q3 25
$2M
$590M
—
Q4 25
$4M
$661M
—
marketcaparena.com
Revenue by Geography
Americas, excluding U.S.
Asia Pacific and Other
Europe, Middle East, India, Africa
United States
Quarter
Americas, excluding U.S.
Asia Pacific and Other
Europe, Middle East, India, Africa
United States
Q1 23
$1M
$2M
$5M
$233M
Q2 23
$1M
$1M
$6M
$253M
Q3 23
$1M
$2M
$5M
$260M
Q4 23
$1M
$2M
$7M
$301M
Q1 24
$1M
$2M
$5M
$359M
Q2 24
$2M
$1M
$5M
$405M
Q3 24
$2M
$4M
$8M
$426M
Q4 24
$2M
$2M
$6M
$467M
Q1 25
$2M
$2M
$6M
$492M
Q2 25
$2M
$2M
$5M
$538M
Q3 25
$2M
$2M
$6M
$582M
Q4 25
$5M
$2M
—
$652M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$403M
$409M
$812M
Q2 23
$381M
$355M
$736M
Q3 23
$669M
$268M
$937M
Q4 23
$642M
$237M
$879M
Q1 24
$814M
$69M
$883M
Q2 24
$797M
$90M
$887M
Q3 24
$893M
$29M
$922M
Q4 24
$946M
$23M
$968M
Q1 25
$974M
$18M
$992M
Q2 25
$1.0B
$16M
$1.0B
Q3 25
$1.0B
$1M
$1.0B
Q4 25
$1.1B
$0
$1.1B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
112M
+13.6%
Q2 23
114M
+1.7%
Q3 23
115M
+1.3%
Q4 23
119M
+3.6%
Q1 24
121M
+1.3%
Q2 24
123M
+1.7%
Q3 24
124M
+0.8%
Q4 24
125M
+0.8%
Q1 25
135M
+8.0%
Q2 25
136M
+1.2%
Q3 25
137M
+0.6%
Q4 25
137M
-0.3%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
$266K
716
FY 16
$255K
852
FY 17
$236K
893
FY 18
$264K
975
FY 19
$291K
1K
FY 20
$215K
2K
FY 21
$234K
3K
FY 22
$272K
3K
FY 23
$329K
3K
FY 24
$383K
4K
FY 25
$520K
4K
marketcaparena.com