Financials in USD. Standardized financial statements.
A compact view of how Natera, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.31B | $1.70B | $1.08B | $820.22M | $625.49M | $391.00M | $302.33M | $257.65M | $210.94M | $217.07M |
| Revenue Growth? | +35.9% | +56.7% | +32.0% | +31.1% | +60.0% | +29.3% | +17.3% | +22.1% | -2.8% | 0.0% |
| Cost of Revenue? | $810.63M | $673.75M | $589.83M | $456.26M | $318.42M | $203.62M | $175.47M | $166.06M | $139.60M | $135.57M |
| Gross Profit? | $1.50B | $1.02B | $492.74M | $363.97M | $307.07M | $187.38M | $126.86M | $91.60M | $71.34M | $81.50M |
| Gross Margin? | +64.8% | +60.3% | +45.5% | +44.4% | +49.1% | +47.9% | +42.0% | +35.6% | +33.8% | +37.5% |
| Operating Expenses? | $1.81B | $1.25B | $938.99M | $905.01M | $775.24M | $403.66M | $243.15M | $206.23M | $205.37M | $177.99M |
| Operating Income? | -$309.91M | -$222.29M | -$446.25M | -$541.04M | -$468.17M | -$216.28M | -$116.29M | -$114.63M | -$134.03M | -$96.49M |
| EBITDA? | -$264.02M | -$148.08M | -$383.28M | -$507.03M | -$451.54M | -$205.95M | -$104.41M | -$107.13M | -$125.82M | -$93.37M |
| Income Before Tax | -$268.09M | -$189.73M | -$434.53M | -$546.82M | -$471.10M | -$229.65M | -$122.83M | -$127.83M | -$135.86M | -$95.62M |
| Income Tax Expense | -$59.93M | $695,000 | $271,000 | $978,000 | $618,000 | $98,000 | $2.00M | $321,000 | $454,000 | $142,000 |
| Net Income? | -$208.16M | -$190.43M | -$434.80M | -$547.80M | -$471.72M | -$229.74M | -$124.83M | -$128.15M | -$136.31M | -$95.77M |
| EPS? | $-1.52 | $-1.53 | $-3.78 | $-5.57 | $-5.21 | $-2.84 | $-1.79 | $-2.22 | $-2.56 | $-1.86 |
| Diluted EPS? | $-1.52 | $-1.53 | $-3.78 | $-5.57 | $-5.21 | $-2.84 | $-1.79 | $-2.22 | $-2.54 | $-1.86 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality