Product revenues — Cost of revenues
Natera, Inc. Product revenues — Cost of revenues increased by 11.8% to $245.20M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 32.8%, from $184.61M to $245.20M. Over 4 years (FY 2021 to FY 2025), Product revenues — Cost of revenues shows an upward trend with a 27.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue suggests improved operational efficiency or economies of scale, while an increase may indicate rising input costs, laboratory inefficiencies, or supply chain challenges.
Detailed definition
This metric captures the direct costs associated with producing and delivering the company's diagnostic tests, including...
Peer comparison
Similar to Cost of Goods Sold (COGS) in other diagnostic firms, where peers focus on optimizing lab automation and reagent costs to improve gross margins.
ntra_segment_product_revenues_cost_of_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $73.23M | $76.84M | $91.28M | $102.67M | $108.76M | $115.44M | $126.77M | $147.75M | $142.81M | $146.96M | $151.04M | $158.83M | $169.85M | $167.66M | $175.96M | $184.61M | $199.53M | $207.25M | $219.23M | $245.20M |
| QoQ Change | — | +4.9% | +18.8% | +12.5% | +5.9% | +6.1% | +9.8% | +16.6% | -3.3% | +2.9% | +2.8% | +5.2% | +6.9% | -1.3% | +5.0% | +4.9% | +8.1% | +3.9% | +5.8% | +11.8% |
| YoY Change | — | — | — | — | +48.5% | +50.2% | +38.9% | +43.9% | +31.3% | +27.3% | +19.1% | +7.5% | +18.9% | +14.1% | +16.5% | +16.2% | +17.5% | +23.6% | +24.6% | +32.8% |
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Frequently Asked Questions
- What is Natera, Inc.'s product revenues — cost of revenues?
- Natera, Inc. (NTRA) reported product revenues — cost of revenues of $245.20M in Q1 2026.
- How has Natera, Inc.'s product revenues — cost of revenues changed year-over-year?
- Natera, Inc.'s product revenues — cost of revenues increased by 32.8% year-over-year, from $184.61M to $245.20M.
- What is the long-term trend for Natera, Inc.'s product revenues — cost of revenues?
- Over 4 years (2021 to 2025), Natera, Inc.'s product revenues — cost of revenues has grown at a 27.9% compound annual growth rate (CAGR), from $302.66M to $810.63M.
- What does product revenues — cost of revenues mean?
- The total direct expenses incurred to manufacture and deliver diagnostic tests to customers.