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

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

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