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Natera, Inc. NTRA Q3 2025 earnings

Reported November 6, 2025 · After market close

Revenue$592.2MBeat by $78.7MDiluted EPS-$0.64Miss by $0.25
Revenue estimate$513.5M
EPS estimate-$0.39

Next report

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

Financials

Q3 2025

Income statement

See full
Revenue$592.2M+34.7%
Operating income-$97.6M-148%
Net income-$87.5M-177%
EPS (diluted)-$0.64-146%

Balance sheet

See full
Cash & equivalents$1.0B+16.6%
Total debt$198.7M-58.2%
Total equity$1.3B+42.5%
Total assets$1.8B+14.5%

Cash flow

See full
Operating cash flow$59.4M+14.7%
CapEx$22.4M+37.4%
Free cash flow$37.0M+4.3%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$22.09B+41.7%
Enterprise value$21.25B+40.0%
P/S10.4×+0.3×

Profitability

See full
Operating margin-16.6%+0.9pp
Net margin-14.6%+0.6pp
FCF margin5%+3.8pp

Returns & leverage

See full
Return on equity-29%+4.1pp
Debt / equity0.2×-0.4×
Current ratio3.3×-1.1×

Segments

By geography

See full
Europe, Middle East, India, Africa$6.0M-22.2%

Versus estimates

Revenue

Q1 2026$696.6MBeat by $79.5MQ4 2025$665.5MBeat by $61.5M
Q3 2025$592.2MBeat by $78.7M
Q2 2025$546.6MBeat by $70.3MQ1 2025$501.8MBeat by $55.6MQ4 2024$476.1MBeat by $40.4M

Diluted EPS

Q1 2026-$0.56Miss by $0.03Q4 2025$0.35Beat by $0.86
Q3 2025-$0.64Miss by $0.25
Q2 2025-$0.74Miss by $0.12Q1 2025-$0.50Beat by $0.14Q4 2024-$0.41Miss by $0.03

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Questions, answered.

When did Natera, Inc. report Q3 2025 earnings?
Natera, Inc. (NTRA) reported Q3 2025 earnings on November 6, 2025 after market close.
What were Natera, Inc.'s Q3 2025 revenue and EPS?
Natera, Inc. reported revenue of $592.2M and diluted EPS of $-0.64 for Q3 2025.
Did Natera, Inc. beat estimates in Q3 2025?
Revenue beat the consensus estimate of $513.5M by $78.7M. EPS missed the consensus estimate of $-0.39 by $0.25.
How did Natera, Inc.'s Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 34.7% from $439.8M a year earlier and diluted EPS declined 146.2% from $-0.26.
Where can I find Natera, Inc.'s Q3 2025 SEC filings?
You can read the 8-K earnings release (0001104659-25-107727) and the 10-Q periodic report (0001104659-25-107976) directly on SEC EDGAR. The filing index links above go to sec.gov.