Natera Inc
NASDAQ:NTRA

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Natera Inc
NASDAQ:NTRA
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Price: 228.49 USD -1.49% Market Closed
Market Cap: 31.5B USD

Natera Inc
Investor Relations

In the dynamic world of biotechnology, Natera Inc. stands out as a leader in genetic testing and diagnostics. Founded with the vision of transforming how we understand our genetic blueprint, Natera has grown into a significant player, leveraging advanced molecular biology to decode human DNA with remarkable precision. The company's flagship technology, a proprietary cell-free DNA platform, underpins an array of genetic tests that cater to diverse needs in the fields of oncology, women's health, and organ health. Through this technology, Natera offers prenatal screening tests like Panorama, which can detect chromosomal abnormalities early in pregnancy, providing crucial insights for expectant parents. Additionally, the company's oncology solutions, such as Signatera, assist in tailoring personalized cancer treatment regimens by detecting minimal residual disease, thereby offering oncologists a powerful tool for disease management.

Financially, Natera sustains its operations through a robust business model that combines direct billing and reimbursements from insurance providers, alongside partnerships with healthcare institutions. By offering innovative testing solutions, Natera generates revenue through test processing fees and related services. The company's growth is fueled by its investments in research and development, constantly pushing the boundaries to enhance test accuracy and expand into new markets. This strategic focus has not only broadened its portfolio but also fortified its ties with healthcare professionals and institutions worldwide. In navigating the complex landscape of genetic science, Natera continues to play a pivotal role in advancing personalized medicine, positioning itself as a linchpin in the future of healthcare diagnostics.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 6, 2025
AI Summary
Q3 2025

Revenue Beat: Natera reported Q3 revenue of $592 million, up 35% year-on-year and ahead of expectations.

Raised Guidance: Management significantly increased 2025 revenue guidance to $2.18–$2.26 billion (up $160 million at the midpoint) and raised gross margin guidance to 62–64%.

Record Signatera Growth: Clinical MRD test volumes set a new record, with 202,000 tests processed in the quarter and Signatera ASPs reaching around $1,200.

Gross Margin Expansion: Gross margin improved to 64.9% (up almost 1.5 percentage points sequentially), driven by higher ASPs and cost efficiencies.

Strong Free Cash Flow: Free cash flow guidance for the year was raised, with roughly $100 million in cash now expected.

Product Portfolio Momentum: Continued strong growth across women’s health, organ health, and oncology. Expansion of Fetal Focus NIPT to cover over 20 genes.

Oncology & Data Leadership: IMvigor011 trial data published in NEJM supports Signatera’s clinical value; multiple new MolDx submissions expected to add $250–300 million in gross profit.

Sustained Operational Leverage: SG&A was flat to down sequentially; limited future OpEx growth expected, mainly in R&D.

Key Financials
Revenue
$592 million
Gross Margin
64.9%
Free Cash Flow
roughly $100 million for the full year
Clinical MRD Tests Processed
202,000
Signatera Average Selling Price (ASP)
$1,200
Days Sales Outstanding (DSOs)
49 days
Onetime Expenses (OpEx)
$60 million accumulated for the year
MolDx Submissions Planned
7 new submissions before end of year
Cash Balance
above $1 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael B. Brophy M.B.A.
Chief Financial Officer
No Bio Available
Mr. John Fesko
President & Chief Business Officer
No Bio Available
Ms. Olesya A. Anisimova CPA
Chief Accounting Officer
No Bio Available
Mr. Rishi Kacker
Chief Technology Officer
No Bio Available
Mr. Eric A. Evans
Chief Scientific Officer
No Bio Available
Mr. Jerry Diffley
Chief Compliance & Privacy Officer
No Bio Available
Mr. Phil Grinnell
Vice President of Sales
No Bio Available
Mr. Solomon Moshkevich M.B.A.
President of Clinical Diagnostics
No Bio Available
Dr. Alexey Aleshin M.B.A., M.D.
GM of Oncology and ECD & Chief Medical Officer
No Bio Available
Ms. Sheetal Parmar
SVP of Medical Affairs of Women's Health
No Bio Available

Contacts

Address
TEXAS
Austin
13011 Mccallen Pass, Building A Suite 100
Contacts
+16502499090.0
www.natera.com