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Natera, Inc. logo

Natera, Inc. Income Statement

Revenue, expenses, and profitability over time

Natera, Inc. generated $2.5B in trailing twelve-month revenue, up 0.4% year-over-year. Net income was -$340.5M with a -14.61% net margin. Gross margin stands at 42.85% and operating margin at -12.97%. Diluted EPS is $-2.48, which declined 0.6% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$2.5BOperating Income (TTM)-$324.2MNet Income (TTM)-$309.2MEps Diluted (TTM)$-2.29
Latest FilingQ1 2026
Report Date2026-05-08
Market Cap$31.4B
ROE-29.02%

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$7.8M$300K$9.9M$10.3M$12.4M$7.1M
Amortization Of Acquired Intangible Assets—$430K$430K$430K$430K—
Research and development$129.5M$129.1M$146.4M$173.4M$175.2M$210.7M
Selling, general and administrative$234.9M$266.9M$310.5M$308.5M$291.3M$327.9M
Total operating expenses$540.8M$581M$657M$689.8M$688.3M$790.2M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Basic earnings per share$-0.41$-0.50$-0.74$-0.64—$-0.60
Diluted earnings per share$-0.41$-0.50$-0.74$-0.64—$-0.60
Weighted-average shares, basic124.7M134.8M136.4M137.2M136.7M141.5M
Weighted-average shares, diluted124.7M134.8M136.4M137.2M136.7M141.5M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes-$55.1M-$66.8M-$100.7M-$87.3M-$13.3M-$84.8M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense—$173K$275K$207K-$60.6M$283K

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest expense$1.3M$1M$1M$1M$991K$892K
Other income (expense), net—$13.4M———$9.6M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income-$53.8M-$66.9M-$100.9M-$87.5M—-$85.1M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Operating income-$64.7M-$79.2M-$110.4M-$97.6M-$22.8M-$93.5M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amortization of capitalized software and acquired intangible assets—$300K———$7.1M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent-$53.4M-$66.8M-$101M-$87.4M—-$85M
Other income, net (Note 6)—$13.4M———$9.6M
Revenue From Contract With Customer Excluding Assessed Tax$476.1M$501.8M$546.6M$592.2M$665.5M$696.6M
Unrealized gain on available-for-sale securities, net of tax and foreign currency translation adjustment$685.3K$147K———$56K

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total revenue$476.1M$501.8M$546.6M$592.2M$665.5M$696.6M