Natera Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Revenue	2,117	1,697	1,083	820.22	625.49	391.01	Upgrade
Revenue Growth (YoY)	38.17%	56.75%	31.99%	31.13%	59.97%	29.33%	Upgrade
Cost of Revenue	769.29	673.75	589.83	456.26	318.42	203.62	Upgrade
Gross Profit	1,347	1,023	492.74	363.97	307.07	187.39	Upgrade
Selling, General & Admin	1,121	841.31	618.31	588.59	511.03	303.63	Upgrade
Research & Development	578.38	404.14	320.68	316.42	264.21	100.04	Upgrade
Operating Expenses	1,699	1,245	938.99	905.01	775.24	403.66	Upgrade
Operating Income	-351.87	-222.29	-446.25	-541.04	-468.17	-216.28	Upgrade
Interest Expense	-4.37	-10.69	-12.64	-9.32	-8.31	-15.08	Upgrade
Interest & Investment Income	46.35	43.25	24.35	4.44	-	7.46	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-	5.38	-	Upgrade
EBT Excluding Unusual Items	-309.89	-189.73	-434.53	-545.92	-471.1	-223.9	Upgrade
Gain (Loss) on Sale of Investments	-	-	-	-0.91	-	0.11	Upgrade
Other Unusual Items	-	-	-	-	-	-5.85	Upgrade
Pretax Income	-309.89	-189.73	-434.53	-546.82	-471.1	-229.65	Upgrade
Income Tax Expense	-0.7	0.7	0.27	0.98	0.62	0.1	Upgrade
Net Income	-309.19	-190.43	-434.8	-547.8	-471.72	-229.74	Upgrade
Net Income to Common	-309.19	-190.43	-434.8	-547.8	-471.72	-229.74	Upgrade
Shares Outstanding (Basic)	135	125	115	98	91	81	Upgrade
Shares Outstanding (Diluted)	135	125	115	98	91	81	Upgrade
Shares Change (YoY)	10.93%	8.45%	16.86%	8.67%	11.79%	16.47%	Upgrade
EPS (Basic)	-2.29	-1.53	-3.78	-5.57	-5.21	-2.84	Upgrade
EPS (Diluted)	-2.29	-1.53	-3.78	-5.57	-5.21	-2.84	Upgrade
Free Cash Flow	106.07	69.24	-286.15	-479.2	-384.82	-202.12	Upgrade
Free Cash Flow Per Share	0.79	0.56	-2.49	-4.87	-4.25	-2.50	Upgrade
Gross Margin	63.66%	60.30%	45.52%	44.37%	49.09%	47.92%	Upgrade
Operating Margin	-16.62%	-13.10%	-41.22%	-65.96%	-74.85%	-55.31%	Upgrade
Profit Margin	-14.61%	-11.22%	-40.16%	-66.79%	-75.42%	-58.76%	Upgrade
Free Cash Flow Margin	5.01%	4.08%	-26.43%	-58.42%	-61.52%	-51.69%	Upgrade
EBITDA	-318.19	-194.83	-424.55	-524.54	-458.02	-208.66	Upgrade
EBITDA Margin	-15.03%	-11.48%	-39.22%	-63.95%	-73.23%	-53.37%	Upgrade
D&A For EBITDA	33.68	27.47	21.7	16.5	10.15	7.61	Upgrade
EBIT	-351.87	-222.29	-446.25	-541.04	-468.17	-216.28	Upgrade
EBIT Margin	-16.62%	-13.10%	-41.22%	-65.96%	-74.85%	-55.31%	Upgrade
Revenue as Reported	2,117	1,697	1,083	820.22	625.49	391.01	Upgrade
Advertising Expenses	-	2.3	1.1	1.8	2.2	0.6	Upgrade

Updated Nov 6, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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