Natera financials
$414.52+0.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $1.70B | $1.08B | $820.2M | $625.5M | $391.0M | $302.3M | $257.7M | $209.6M | $212.5M |
| Gross profit | $1.49B | $1.02B | $492.7M | $364.0M | $307.1M | $187.4M | $126.9M | $91.6M | $70.0M | $76.9M |
| Gross margin | 64.7% | 60.3% | 45.5% | 44.4% | 49.1% | 47.9% | 42.0% | 35.6% | 33.4% | 36.2% |
| Operating income | -$309.9M | -$222.3M | -$446.2M | -$541.0M | -$468.2M | -$216.3M | -$130.7M | -$114.6M | -$135.3M | -$101.0M |
| Net income | -$208.2M | -$190.4M | -$434.8M | -$547.8M | -$471.7M | -$229.7M | -$124.8M | -$128.2M | -$137.6M | -$100.3M |
| Net margin | −9.0% | −11.2% | −40.2% | −66.8% | −75.4% | −58.8% | −41.3% | −49.7% | −65.7% | −47.2% |
| Diluted EPS | $-1.52 | $-1.53 | $-3.78 | $-5.57 | $-5.21 | $-2.84 | $-1.79 | $-2.22 | $-2.59 | $-1.95 |
| EBITDA | -$268.1M | -$191.3M | -$422.1M | -$524.3M | -$449.1M | -$201.9M | -$122.0M | -$106.9M | -$127.3M | -$93.4M |
| Operating cash flow | $215.3M | $135.7M | -$247.0M | -$431.5M | -$335.2M | -$182.5M | -$63.4M | -$70.6M | -$97.8M | -$74.1M |
| Free cash flow | $109.1M | $69.2M | -$286.2M | -$479.2M | -$376.3M | -$202.1M | -$68.4M | -$74.5M | -$107.7M | -$97.2M |
| Diluted shares | 136.7M | 124.7M | 115.0M | 98.4M | 90.6M | 81.0M | 69.6M | 57.8M | 53.6M | 51.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.08B | $945.6M | $642.1M | $466.1M | $84.4M | $48.7M |
| Short-term investments | $0.00 | $22.7M | $236.9M | $432.3M | $829.9M | $688.6M |
| Total debt | $80.3M | $80.4M | $363.3M | $362.0M | $330.4M | $252.5M |
| Total assets | $2.40B | $1.66B | $1.44B | $1.39B | $1.24B | $932.2M |
| Total liabilities | $685.9M | $465.3M | $676.4M | $688.7M | $583.2M | $445.9M |
| Shareholders' equity | $1.71B | $1.20B | $765.3M | $705.7M | $653.3M | $486.2M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology