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Natera, Inc.

NTRA

Natera is a diagnostics company specializing in cell-free DNA (cfDNA) testing and bioinformatics technology.

Market cap
$39.3B+77.9%
Revenue$2.5B+36.6%
Net income-$340.5M-78.8%
Free cash flow$104.5M+22.7%
EPS (diluted)-$2.48-62.1%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 6, 2026 (In 3 weeks)
Revenue estimate$662.1M
EPS estimate-$0.49

Financials

Q1 2026

Income statement

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Revenue$696.6M+38.8%
Operating income-$93.5M-18.1%
Net income-$85.1M-27.1%
EPS (diluted)-$0.60-20.0%

Balance sheet

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Cash & equivalents$1.1B+11.7%
Total debt$240.1M+22.7%
Total equity$1.8B+43.1%
Total assets$2.6B+50.9%

Cash flow

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Operating cash flow$40.2M-9.6%
CapEx$22.1M+1.5%
Free cash flow$18.0M-20.3%

Valuation & ratios

Valuation

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Market cap$39.3B+77.9%
Enterprise value$38.45B+80.6%
P/S15.7×+4.5×

Profitability

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Operating margin-13%+0.6pp
FCF margin4.2%-0.5pp

Returns & leverage

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Debt / equity0.1×0.0×
Current ratio-0.9×

Segments

By geography

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Europe, Middle East, India, Africa$6.4M+6.2%
Americas, excluding U.S.$2.4M
Asia Pacific and Other$2.2M

By segment

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Reportable Segment$696.6M

Competitors

Profile

Natera is a diagnostics company specializing in cell-free DNA (cfDNA) testing and bioinformatics technology. The company leverages proprietary molecular assays and statistical algorithms to provide high-accuracy genetic testing across oncology, women’s health, and organ health. Its core value proposition is transforming disease management through non-invasive, personalized diagnostics that inform earlier and more targeted clinical interventions.

Competitive position

Natera is a market leader in the U.S. NIPT space by volume and a pioneer in personalized tumor-informed MRD testing. The company maintains a strong intellectual property portfolio and extensive peer-reviewed clinical evidence to support its market position.

GeographiesUnited States, Global
Customer segmentsHealthcare Providers, Pharmaceutical Companies, Clinical Laboratories, Payers
Business modelLaboratory Developed Tests (LDT), Cloud-based SaaS, Direct-to-physician sales, B2B Licensing
SuppliersNext-generation sequencing (NGS) platform providers, Reagent and laboratory equipment manufacturers, Cloud infrastructure providers
CustomersPhysicians and specialty clinics, Hospitals and health systems, Biopharmaceutical companies, Third-party payers (Insurance and Medicare)
Listed2015
Employees3.3K
CEOSteven Leonard Chapman
Websitenatera.com
FilingsSEC EDGAR

Questions, answered.

What is Natera, Inc.'s market cap?
Natera, Inc. (NTRA) has a market capitalization of $39.3B and trades on NASDAQ.
What is Natera, Inc.'s revenue and profitability?
Natera, Inc. generated $2.5B in trailing twelve-month revenue with a net loss of $340.5M, representing a net margin of -14.6%. Gross margin stands at 42.9%, with free cash flow of $104.5M. These figures are based on the Q1 2026 filing.
Who are Natera, Inc.'s competitors?
Natera, Inc.'s key competitors include Myriad Genetics, Inc., Guardant Health, Inc., CareDx, Inc., and others. These companies compete in similar markets and product categories.
Who does Natera, Inc. partner with?
Natera, Inc.'s notable partners include United Healthcare, Aetna, Humana, and others.
What subsidiaries does Natera, Inc. have?
Natera, Inc.'s subsidiaries include Foresight Diagnostics.
Where is Natera, Inc. headquartered?
Natera, Inc. is headquartered in United States of America and employs approximately 3,293 people. It has been publicly traded since 2015.