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Natera Inc
NASDAQ:NTRA

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Natera Inc
NASDAQ:NTRA
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Price: 186.84 USD 2.29% Market Closed
Market Cap: $26.5B

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
Q4 2025
Call Date
Feb 26, 2026
AI Summary
Q4 2025

Record Revenue Growth: Natera reported Q4 revenue of approximately $666 million, marking about 40% growth over Q4 2024 and exceeding January preannounced figures by $6 million.

Strong Volume Expansion: The company processed about 924,000 tests in Q4, including a record 225,000 MRD clinical tests—a 56% year-over-year increase.

Gross Margin Upside: Gross margin reached 66.9% in Q4, significantly higher than expectations, with organic gross margin (excluding true-ups) at 63.7%.

Cash Flow & Profitability: Natera generated over $107 million in cash flow for 2025 and achieved net income in Q4, aided by a one-time tax item.

2026 Guidance Initiated: Revenue for 2026 is guided between $2.62 billion and $2.7 billion with gross margins expected between 63% and 65%. SG&A will be held stable while R&D investment increases.

Product & Clinical Advancements: New launches and data in MRD, women's health (notably the 21-gene fetal focus NIPT test), and organ health are driving growth and opening new market opportunities.

Margin & ASP Drivers: Continued improvements in ASP, operational efficiencies, and broader reimbursement are expected to drive further margin expansion.

Key Financials
Revenue
$666M
MRD Clinical Units
225,000 tests in Q4
Total Tests Processed
924,000 tests in Q4
Gross Margin
66.9%
Cash Flow
$107M in 2025
Signatera ASP
$1,225 in Q4
DSOs
47 days in Q4
Operating Expenses (OpEx) Growth
9.5% growth at midpoint for 2026
Cash and Securities
Over $1B
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
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