What is Natera, Inc.'s SG&A?

Natera, Inc. (NTRA) reported SG&A of $327.94M in Q1 2026.

How has Natera, Inc.'s SG&A changed year-over-year?

Natera, Inc.'s SG&A increased by 22.9% year-over-year, from $266.86M to $327.94M.

What is the long-term trend for Natera, Inc.'s SG&A?

Over 4 years (2021 to 2025), Natera, Inc.'s SG&A has grown at a 23.2% compound annual growth rate (CAGR), from $511.03M to $1.18B.

Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.

Natera, Inc. NTRA SG&A

SG&A at other companies

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$577.2M-0.4%

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$529M+8.8%

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$273M+16.7%

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$17.9M+46.0%

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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$36.12B+94.7%

Enterprise value$35.27B+98.8%

P/S14.4×+5.0×

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 ratio3×-0.9×

Where this comes from

Reported directly by Natera, Inc. in its filing.

Tagged under the XBRL concept us-gaap:SellingGeneralAndAdministrativeExpense.

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 SG&A?: Natera, Inc. (NTRA) reported SG&A of $327.94M in Q1 2026.
How has Natera, Inc.'s SG&A changed year-over-year?: Natera, Inc.'s SG&A increased by 22.9% year-over-year, from $266.86M to $327.94M.
What is the long-term trend for Natera, Inc.'s SG&A?: Over 4 years (2021 to 2025), Natera, Inc.'s SG&A has grown at a 23.2% compound annual growth rate (CAGR), from $511.03M to $1.18B.
What does SG&A mean?: Combined selling expenses (sales force, marketing, distribution) and general & administrative costs (management, legal, accounting, facilities) — the broadest opex category.