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Natera, Inc. NTRA Q4 2025 Annual earnings

Reported February 26, 2026 · After market close

Revenue$665.5MBeat by $61.5MDiluted EPS$0.35Beat by $0.86
Revenue estimate$604.0M
EPS estimate-$0.51

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$665.5M+39.8%
Operating income-$22.8M+64.8%

Balance sheet

See full
Cash & equivalents$1.1B+13.8%
Total debt$214.4M+14.6%
Total equity$1.7B+43.2%
Total assets$2.4B+44.4%

Cash flow

See full
Operating cash flow$73.9M+39.7%
CapEx$36.1M+99.1%
Free cash flow$37.8M+8.8%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$31.95B+52.9%
Enterprise value$31.08B+54.3%
P/S13.9×+1.5×

Profitability

See full
Operating margin-13.4%+0.4pp
FCF margin4.7%+0.7pp

Returns & leverage

See full
Debt / equity0.1×0.0×
Current ratio3.4×-0.6×

Segments

By geography

See full
Europe Middle East India And Africa$6.1M+2.5%

Versus estimates

Revenue

Q1 2026$696.6MBeat by $79.5M
Q4 2025$665.5MBeat by $61.5M
Q3 2025$592.2MBeat by $78.7MQ2 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 $0.03
Q4 2025$0.35Beat by $0.86
Q3 2025-$0.64Miss by $0.25Q2 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 Q4 2025 earnings?
Natera, Inc. (NTRA) reported Q4 2025 earnings on February 26, 2026 after market close.
What were Natera, Inc.'s Q4 2025 revenue and EPS?
Natera, Inc. reported revenue of $665.5M and diluted EPS of $0.35 for Q4 2025.
Did Natera, Inc. beat estimates in Q4 2025?
Revenue beat the consensus estimate of $604.0M by $61.5M. EPS beat the consensus estimate of $-0.51 by $0.86.
How did Natera, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 39.8% from $476.1M a year earlier.
Where can I find Natera, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001104659-26-020482) and the 10-K periodic report (0001104659-26-020881) directly on SEC EDGAR. The filing index links above go to sec.gov.