Natera, Inc.

Natera, Inc.

NTRA
Natera, Inc.US flagNASDAQ Global Select
327.67
USD
+2.51
- -
46.93BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.5
4.34
7.26
4.12
3.93
4.45
4.35
4.83
6.91
8.33
9.41
13.61
16.87
19.25
Basic EPS, GAAP
-1.01
-0.14
-2.68
-1.95
-2.58
-2.22
-1.79
-2.84
-5.21
-5.57
-3.78
-1.53
-1.52
-1.37
Free Cash Flow per Basic Share
-0.88
0.01
-1.74
-1.88
-2.02
-1.29
-0.98
-2.49
-4.15
-4.87
-2.49
0.47
0.56
0.36
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-3.84
-3.83
3.67
2.02
0.47
0.52
3.57
5.64
6.87
6.34
6.4
9.01
12.26
12.68
Tangible Book Value per Share
-3.84
-3.83
3.67
2.02
0.47
0.52
3.57
5.64
6.87
6.34
6.4
8.93
8.57
9.19
Basic Weighted Avg Shares
37
37
26
52
53
58
70
81
91
98
115
125
137
141
Sales/Revenue/Turnover
55
159
190
213
210
258
302
391
625
820
1,083
1,697
2,306
2,707
Operating Margin (%)
-45.8
0.42
-31.43
-47.55
-64.56
-44.49
-43.22
-55.31
-74.85
-65.96
-41.22
-13.1
-13.44
-10.7
Depreciation Expense
3
5
6
6
7
8
8
9
11
17
24
31
43
66
Net Income, GAAP
-37
-5
-70
-100
-138
-128
-125
-230
-472
-548
-435
-190
-208
-192
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-67.26
-3.23
-36.92
-47.21
-65.65
-49.74
-41.29
-58.76
-75.42
-66.79
-40.16
-11.22
-9.03
-7.11
Working Capital
26
77
170
78
75
127
343
664
874
901
951
1,032
1,056
1,106
LT Debt
22
24
- -
- -
73
73
100
224
341
358
350
97
118
143
Total Equity
-172
-171
185
106
25
32
279
486
653
706
765
1,195
1,712
1,821
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
-68.9
-208.7
-445.14
-80.31
-60.07
-82.79
-80.62
-59.11
-19.42
-14.32
-12.54

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
96
95
95
LT Borrowings
- -
- -
- -
LT Finance Leases
118
145
143
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
140
143
144
Market Capitalization
32,002
28,545
38,983

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,497
1,652
1,659
Cash, Cash Equivalents & STI
1,076
1,088
1,092
Accounts Receivable, Net
297
418
422
Inventories
68
71
80
Total Current Liabilities
441
558
553
Payables & Accruals
218
273
302
ST Debt
96
95
95
Deferred Revenue
25
37
41

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
89.94%
30.06%
43.25%
Free Cash Flow
26.23%
-3.55%
29.56%
Net Income, GAAP
20.84%
10.79%
9.31%
Sales/Revenue/Turnover
29.56%
43.15%
35.9%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
368
413
440
476
1,697
2025
502
547
592
665
2,306
2026
697
753
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.56
-0.3
-0.26
- -
-1.53
2025
-0.5
-0.74
-0.64
- -
-1.52
2026
-0.6
-0.47
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Steven Leonard Chapman
Full Time Employees
6,138
Sector
Healthcare
Industry
Medical - Diagnostics & Research
Address
13011 McCallen Pass Building A Austin TX United States of America 78753
IPO Date
Jul 1, 2015
Website
natera.com
Business
Natera, Inc. (NTRA) is a global leader in cell-free DNA (cfDNA) testing, specializing in noninvasive molecular diagnostics for oncology, women's health, and organ health. Founded in 2004 and headquartered in Austin, Texas, the company operates CAP-accredited and CLIA-certified laboratories in Austin, Texas, and San Carlos, California, with a global presence including facilities in the Netherlands and partnerships extending services to numerous countries worldwide. Natera leverages proprietary technology combining novel molecular biology and bioinformatics to detect genetic material from blood samples, enabling early risk assessment, recurrence detection, and personalized treatment decisions for clinicians and patients. The company's core offerings span women's health tests including Panorama, a non-invasive prenatal test (NIPT) screening for fetal chromosomal abnormalities such as Down syndrome with positive predictive value reporting; Horizon, advanced carrier screening for hundreds of genetic conditions; Vistara, single-gene NIPT for 25 additional conditions; Anora, a miscarriage analysis test; Spectrum, preimplantation genetic testing for IVF embryos; and Empower for hereditary cancer risk. In oncology, Natera provides Signatera, a personalized circulating tumor DNA (ctDNA) test for molecular residual disease (MRD) monitoring, recurrence detection, and treatment response evaluation across cancers like colorectal, bladder, lymphoma, and multiple myeloma; Altera for tumor genomic profiling to identify somatic mutations and clinical trials; Latitude, a tissue-free MRD test; and Empower for germline mutations. Organ health solutions feature Prospera, a donor-derived cfDNA test for kidney transplant rejection assessment. Recent developments include the launch of Signatera Genome, a genome-designed MRD assay achieving Medicare coverage; Latitude Tissue-Free MRD; Fetal Focus single-gene NIPT with an expanded version forthcoming; and a Panorama vanishing twin workflow. Natera raised its 2025 revenue guidance to $2.18-$2.26 billion following strong Q3 2025 results with record revenues and oncology test volume growth of 46.1% year-over-year, alongside plans for seven new MolDX submissions potentially worth $250-$300 million in gross profit. Strategic partnerships with BGI Genomics Co., Ltd. and Foundation Medicine, Inc. enhance genetic testing capabilities and market expansion in precision medicine, while new data from trials like IMvigor011 and upcoming presentations at the 2025 American Society of Hematology meeting underscore ongoing clinical validation.

Company News

  • Why Moderna's Cancer Vaccine Matters to Investors

  • New Publication Establishes Strong Clinical Validation of Signatera™ for MRD Assessment in Lymphoma

  • Caisse de depot et placement du Quebec Buys New Shares in Natera, Inc. $NTRA

  • Billionaire Stanley Druckenmiller Has Roughly 17% of His $5.2 Billion Duquesne Portfolio in Natera Stock. Is It Still a Buy After an 80% Run?

  • Natera & Angiex Partner to Evaluate AGX101 Response With Signatera

  • Natera and Susan G. Komen® Announce National Partnership to Accelerate Progress Against Breast Cancer

  • Natera and Angiex Partner to Assess Response to Investigational Nuclear-Delivered Antibody-Drug Conjugate™ Using Signatera™

  • ADAR1 Capital Management LLC Makes New Investment in Natera, Inc. $NTRA

  • Avala Global LP Makes New $124.87 Million Investment in Natera, Inc. $NTRA

  • Billionaire Stanley Druckenmiller Is Quietly Loading Up on Healthcare Stocks -- Here's What His New Positions Reveal

  • Callan Family Office LLC Buys New Shares in Natera, Inc. $NTRA

  • Bank of Nova Scotia Purchases Shares of 44,200 Natera, Inc. $NTRA

  • 14,588 Shares in Natera, Inc. $NTRA Acquired by Brandywine Managers LLC

  • Billionaire Stanley Druckenmiller Bought Amazon and Alphabet in Q2. But His Single Biggest Holding Is Neither of Them -- and It's Not Nvidia Either.

  • Bank of New York Mellon Corp Makes New $149.28 Million Investment in Natera, Inc. $NTRA

  • Natera, Inc. (NASDAQ:NTRA) Receives Consensus Rating of “Moderate Buy” from Analysts

  • Billionaire Stanley Druckenmiller's Top Holding Is Up 37% This Year. Is the Market Pricing in the Full Story?

  • 13F Season: Where Wall Street's Smart Money is Betting

  • Natera Supports Kupando Trial to Advance ctDNA Monitoring in Cancer

  • Empowered Funds LLC Sells 9,708 Shares of Natera, Inc. $NTRA