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Natera, Inc. NTRA Shipping And Handling — Cost of Goods Sold

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Other financials

Income statement

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Revenue$752.8M+37.7%
Operating income-$75.8M+31.3%
Net income-$67.0M+33.7%
EPS (diluted)-$0.47+36.5%

Balance sheet

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Cash & equivalents$1.1B+9.1%
Total debt$238.5M+21.6%
Total equity$1.8B+46.2%
Total assets$2.7B+51.2%

Cash flow

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Operating cash flow$54.8M+45.8%
CapEx$63.4M+145%
Free cash flow$18.0M-20.3%

Valuation

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Market cap$39.33B+102%
Enterprise value$38.48B+106%
P/S14.5×+4.6×

Profitability

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Gross margin42.9%
Operating margin-10.7%-2.4pp
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-0.7×

Where this comes from

Reported directly by Natera, Inc. in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The source filing: Natera, Inc.’s 10-K, filed February 27, 2026.

Filed
Feb 26, 2026, 7:00 PM EST
Fiscal year
FY2025
Accession
0001104659-26-020881

The Company expenses product shipment costs, which include biological samples for processing, in cost of product revenues in the accompanying statements of operations. Shipping and handling costs for the years ended December 31, 2025, 2024, and 2023 were $54.7 million, $43.5 million, and $42.2 million, respectively.

Item 8. Financial Statements and Supplementary Data

FAQ

What is Natera, Inc.'s shipping and handling — cost of goods sold?
Natera, Inc. (NTRA) reported shipping and handling — cost of goods sold of $13.68M in Q4 2025.
How has Natera, Inc.'s shipping and handling — cost of goods sold changed year-over-year?
Natera, Inc.'s shipping and handling — cost of goods sold increased by 25.7% year-over-year, from $10.88M to $13.68M.
What is the long-term trend for Natera, Inc.'s shipping and handling — cost of goods sold?
Over 4 years (2021 to 2025), Natera, Inc.'s shipping and handling — cost of goods sold has grown at a 25.6% compound annual growth rate (CAGR), from $22M to $54.7M.
What does shipping and handling — cost of goods sold mean?
This metric represents the direct costs associated with the logistics, packaging, and transportation of diagnostic test kits and biological samples between the company and its clinical partners or patients. It captures the operational expenditure required to maintain the supply chain infrastructure necessary for delivering molecular diagnostic services. Monitoring this cost helps assess the efficiency of the company's distribution network and the impact of logistics volume on overall gross margins.

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