Natera, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $2.3B | $1.7B | $1.1B | $820.2M | $625.5M |
| Selling, general & administrative | $1.2B | $841.3M | $618.3M | $588.6M | $511.0M |
| Research and development | $624.1M | $404.1M | $320.7M | $316.4M | $264.2M |
| Operating income | -$309.9M | -$222.3M | -$446.2M | -$541.0M | -$468.2M |
| Interest expense | $4.1M | $10.7M | $12.6M | $9.3M | $8.3M |
| Pretax income | -$268.1M | -$189.7M | -$434.5M | -$546.8M | -$471.1M |
| Income tax expense | -$59.9M | $695,000 | $271,000 | $978,000 | $618,000 |
| Net income | -$208.2M | -$190.4M | -$434.8M | -$547.8M | -$471.7M |
| Balance Sheet | |||||
| Cash and equivalents | — | — | — | $466.0M | $84.4M |
| Current assets | $1.5B | $1.4B | $1.3B | $1.2B | $1.1B |
| Total assets | $2.4B | $1.7B | $1.4B | $1.4B | $1.2B |
| Current liabilities | $441.2M | $344.0M | $307.3M | $310.5M | $219.0M |
| Total liabilities | $685.9M | $465.3M | $676.4M | $688.7M | $583.2M |
| Total debt | — | — | $287.5M | $287.5M | $287.5M |
| Stockholders' equity | $1.7B | $1.2B | $765.3M | $705.7M | $653.3M |
| Cash Flow Statement | |||||
| Cash from operations | $215.3M | $135.7M | -$247.0M | -$431.5M | -$335.2M |
| Depreciation and amortization | $41.8M | $31.0M | $24.1M | $16.7M | $11.3M |
| Stock-based compensation | $354.4M | $274.4M | $191.8M | $152.4M | $115.2M |
| Capital expenditure | $106.2M | $66.4M | $39.2M | $47.7M | $41.0M |
| Free cash flow | $109.1M | $69.2M | -$286.2M | -$479.2M | -$376.3M |
| Impairments | — | — | — | — | $0 |
Shares outstanding 143.2M · Free float 87.4%
Annual filing data through FY ended December 31, 2025; float as of July 14, 2026.