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Natera, Inc. NTRA Licensing and other revenues — Cost of revenues

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Other financials

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

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Market cap$38.88B+69.3%
Enterprise value$38.03B+71.6%
P/S15.5×+3.9×

Profitability

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Gross margin42.9%
Operating margin-13%+0.6pp
Net margin-14.6%+0.6pp
FCF margin4.2%-0.5pp

Returns & leverage

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Return on equity-29%+4.1pp
Debt / equity0.1×0.0×
Current ratio-0.9×

Where this comes from

Reported directly by Natera, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Natera, Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Natera, Inc.'s licensing and other revenues — cost of revenues?
Natera, Inc. (NTRA) reported licensing and other revenues — cost of revenues of $608K in Q1 2026.
How has Natera, Inc.'s licensing and other revenues — cost of revenues changed year-over-year?
Natera, Inc.'s licensing and other revenues — cost of revenues increased by 34.5% year-over-year, from $452K to $608K.
What is the long-term trend for Natera, Inc.'s licensing and other revenues — cost of revenues?
Over 4 years (2021 to 2025), Natera, Inc.'s licensing and other revenues — cost of revenues has grown at a -8.0% compound annual growth rate (CAGR), from $3.22M to $2.31M.
What does licensing and other revenues — cost of revenues mean?
This metric captures the direct costs associated with generating licensing and other service revenues, including personnel costs, specialized bioinformatics support, and legal or administrative expenses related to maintaining and enforcing intellectual property. It serves as a measure of the operational efficiency and profitability of the company's licensing business model. Monitoring this cost helps determine the gross margin profile of the company's non-diagnostic revenue streams.