Natera, Inc.

For the period ended Dec 31, 2025. Filed Feb 27, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 27, 2026

NTRA$311.98-2.6%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations and Comprehensive Loss

(in thousands, except per share data)*


· · ·
· · Year ended December 31, ·
· · 2025 · · 2024 · · 2023 ·
· · · · · · · ·
Revenues
Product revenues	$2,295,820	$1,685,074	$1,068,522
Licensing and other revenues	10,293	11,837	14,049
Total revenues	2,306,113	1,696,911	1,082,571
Cost and expenses
Cost of product revenues	810,627	672,304	588,564
Cost of licensing and other revenues	2,306	1,449	1,267
Research and development	624,110	404,138	320,678
Selling, general and administrative	1,177,261	841,314	618,307
Amortization of acquired intangible assets	1,720	—	—
Total cost and expenses	2,616,024	1,919,205	1,528,816
Loss from operations	(309,911)	(222,294)	(446,245)
Interest expense	(4,069)	(10,685)	(12,638)
Interest and other income, net	45,891	43,248	24,353
Loss before income taxes	(268,089)	(189,731)	(434,530)
Income tax benefit (expense)	59,929	(695)	(271)
Net loss	$(208,160)	$(190,426)	$(434,801)
Unrealized gain on available-for-sale securities and foreign currency translation adjustment	86	2,741	13,277
Comprehensive loss	$(208,074)	$(187,685)	$(421,524)

Net loss per share (Note 15):
Basic and diluted	$(1.52)	$(1.53)	$(3.78)

Weighted-average number of shares used in computing basic and diluted net loss per share:
Basic and diluted	136,721	124,718	114,997

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.