Natera, Inc.
NASDAQ•NTRA
CEO: Dr. Matthew Rabinowitz Ph.D.
Sector: Healthcare
Industry: Medical - Diagnostics & Research
Listing Date: 2015-07-01
Natera, Inc., a diagnostics company, develops and commercializes molecular testing services worldwide. Its products include Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus, as well as in twin pregnancies; Horizon carrier screening test for individuals and couples determine if they are carriers of genetic variations that cause certain genetic conditions; Vistara single-gene NIPT screens for 25 single-gene disorders that cause severe skeletal, cardiac, and neurological conditions; Spectrum, preimplantation genetic tests for couples undergoing IVF; Anora that analyzes miscarriage tissue from women; Empower, a hereditary cancer screening test; and non-invasive prenatal paternity product, which allows a couple to establish paternity without waiting for the child to be born. The company also provides Signatera, a ctDNA blood test for molecular residual disease assessment and surveillance of disease recurrence in patients previously diagnosed with cancer; Altera, a tissue based comprehensive genomic profiling test; Prospera to assess active rejection in patients who have undergone kidney, heart, and lung transplantation; and Renasight, a kidney gene panel test. In addition, it offers Constellation, a cloud-based software product that enables laboratory customers to gain access through the cloud to the company's algorithms and bioinformatics to validate and launch tests. The company offers products through its direct sales force, as well as through a network of laboratory and distribution partners. It has a partnership agreement with BGI Genomics Co., Ltd. to develop, manufacture, and commercialize NGS-based genetic testing assays; and Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. The company was founded in 2003 and is headquartered in Austin, Texas.
Contact Information
13011 McCallen Pass, Building A Suite 100, Austin, TX, 78753, United States
650-980-9190
Market Cap
$31.99B
P/E (TTM)
-139.7
23
Dividend Yield
--
52W High
$256.36
52W Low
$131.81
52W Range
Rank65Top 96.0%
1.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 1.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$696.64M+0.00%
4-Quarter Trend
EPS
-$0.60+0.00%
4-Quarter Trend
FCF
$18.03M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Product Revenue Growth Total revenues reached $2.31 B in 2025, up 35.9% from $1.70 B in 2024; product revenues grew 36.2%.
Test Volume Expansion Processed test volumes increased to 3.53 million tests in 2025, reflecting 15.0% growth over 3.06 million tests processed in 2024.
Foresight Diagnostics Acquisition Completed acquisition of Foresight Diagnostics in December 2025, recording $141.1 M in goodwill and expanding oncology MRD focus.
Robust Cash Position Maintained Ending cash, equivalents, and restricted cash totaled $1.08 B as of December 31, 2025, supporting operations and growth plans.
Risk Factors
Net Loss Worsened Net loss increased to $208.2 M in 2025 from $190.4 M in 2024, continuing losses since inception, impacting future prospects.
Payer Coverage Risks Continued uncertainty regarding reimbursement for microdeletions screening and potential payer withdrawal of coverage could adversely affect revenues.
Sole Supplier Dependency Reliance on Illumina for sequencers and Streck for blood tubes creates supply chain risk; failure to secure supply impacts commercialization.
Ongoing Intellectual Property Litigation Active patent infringement lawsuits against competitors and potential claims against the Company require significant management time and costs.
Outlook
Expanding Oncology Offerings Intent to continue enhancing existing products, expanding portfolio, and launching new tests, especially focusing on oncology and organ health.
Direct Sales Force Penetration Future revenue growth depends on ability to further penetrate U.S. market via direct sales force and expanding international presence.
Funding Future Growth Expect to retain future earnings; may need to raise additional equity or incur debt to fund development and commercialization efforts.
Navigating Evolving Regulations Must comply with extensive and frequently changing laws internationally, including FDA requirements and evolving state privacy laws.
Peer Comparison
Revenue (TTM)
$17.35B
$16.63B
$14.14B
Gross Margin (Latest Quarter)
69.5%
68.2%
64.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| TEVA | $41.13B | 25.6 | 20.8% | 42.2% |
| NTRA | $31.99B | -139.7 | -15.1% | 9.2% |
| IQV | $30.41B | 22.2 | 22.5% | 7.0% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
8.4%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Aug 6, 2026
EPS:-$0.46
|Revenue:$660.98M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data