Natera
NTRA
395.56
-5.09
-1.27%
Natera
US · NTRA
#387 by market cap
Listed 2015
395.56
-5.09
-1.27%
Live - 5344 symbols - heartbeat 47s ago
· 2026-10-08 07:00
Pre-market
392.49
-0.78%
After-hours
397.00
+0.36%
Overnight
394.41
-0.29%
- Market cap
- 57.02B
- P/E (TTM)i
- -293.01
- P/Bi
- 31.30
- EPSi
- -1.52
- Div yieldi
- 0.00%
- 52W posi
- 84%
Reader sentiment
Are you bullish or bearish on NTRA?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 49.32, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +35.90% YoY
Margins
- Gross margin
- 64.75%
- Operating margin
- -13.44%
- Net margin
- -9.03%
Key ratios & quality
- Altman Z-Scorei
- 49.32
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 257.65M | 302.33M | 391.01M | 625.49M | 820.22M | 1.08B | 1.70B | 2.31B |
| Gross profit | 91.60M | 126.86M | 187.39M | 307.07M | 363.97M | 492.74M | 1.02B | 1.49B |
| Selling & admin expenses | 154.87M | 206.18M | 303.63M | 511.03M | 588.59M | 618.31M | 841.31M | 1.18B |
| Research & development | 51.36M | 51.36M | 100.04M | 264.21M | 316.42M | 320.68M | 404.14M | 624.11M |
| Operating profit | -114.63M | -130.68M | -216.28M | -468.17M | -541.04M | -446.25M | -222.29M | -309.91M |
| Pretax profit | -127.83M | -122.83M | -229.65M | -471.10M | -546.82M | -434.53M | -189.73M | -268.09M |
| Tax | 321.00K | 2.00M | 98.00K | 618.00K | 978.00K | 271.00K | 695.00K | -59.93M |
| Net profit | -128.15M | -124.83M | -229.74M | -471.72M | -547.80M | -434.80M | -190.43M | -208.16M |
| Basic EPS | -2 | -2 | -3 | -5 | -6 | -4 | -2 | -2 |
| Diluted EPS | -2.22 | -1.79 | -2.84 | -5.21 | -5.57 | -3.78 | -1.53 | -1.52 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 501.83M | 546.60M | 592.18M | 665.50M | 696.64M | 752.75M |
| Gross profit | 316.77M | 346.60M | 384.38M | 445.43M | 450.83M | 485.19M |
| Selling & admin expenses | 266.86M | 310.55M | 308.55M | 291.30M | 327.94M | 327.20M |
| Research & development | 129.08M | 146.43M | 173.41M | 175.19M | 210.70M | 228.07M |
| Operating profit | -79.18M | -110.37M | -97.58M | -22.79M | -93.52M | -75.79M |
| Pretax profit | -66.76M | -100.66M | -87.34M | -13.33M | -84.81M | -67.23M |
| Tax | 173.00K | 275.00K | 207.00K | -60.58M | 283.00K | -261.00K |
| Net profit | -66.94M | -100.94M | -87.54M | 47.26M | -85.09M | -66.97M |
| Basic EPS | -1 | -1 | -1 | 0 | -1 | 0 |
| Diluted EPS | -0.50 | -0.74 | -0.64 | 0.36 | -0.60 | -0.47 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 240.52M | 523.17M | 862.66M | 1.09B | 1.21B | 1.26B | 1.38B | 1.50B |
| Cash & ST investments | 153.87M | 440.99M | 737.27M | 914.28M | 898.39M | 878.98M | 968.28M | 1.08B |
| Inventory | 13.63M | 12.39M | 20.03M | 26.91M | 35.41M | 40.76M | 44.74M | 68.44M |
| Total assets | 268.17M | 582.66M | 932.15M | 1.24B | 1.39B | 1.44B | 1.66B | 2.40B |
| Total current liabilities | 113.98M | 179.87M | 199.05M | 218.96M | 310.50M | 307.27M | 344.05M | 441.23M |
| Short-term debt | 50.15M | 55.86M | 57.35M | 55.80M | 87.99M | 92.02M | 90.53M | 95.90M |
| Long-term debt | 73.36M | 73.66M | 202.49M | 280.39M | 281.65M | 282.95M | -- | -- |
| Total liabilities | 236,009,000.00 | 303,945,000.00 | 445,917,000.00 | 583,183,000.00 | 688,730,000.00 | 676,372,000.00 | 465,315,000.00 | 685,931,000.00 |
| Total equity | 32.16M | 278.71M | 486.24M | 653.30M | 705.74M | 765.33M | 1.20B | 1.71B |
| Retained earnings | -574.53M | -699.17M | -929.32M | -1.39B | -1.94B | -2.38B | -2.57B | -2.78B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.42B | 1.43B | 1.45B | 1.50B | 1.65B | 1.66B |
| Cash & ST investments | 991.60M | 1.02B | 1.04B | 1.08B | 1.09B | 1.09B |
| Inventory | 50.37M | 54.27M | 64.64M | 68.44M | 70.72M | 80.35M |
| Total assets | 1.73B | 1.76B | 1.82B | 2.40B | 2.61B | 2.66B |
| Total current liabilities | 365.68M | 384.84M | 442.02M | 441.23M | 558.26M | 553.20M |
| Short-term debt | 92.54M | 93.39M | 94.35M | 95.90M | 95.13M | 95.41M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 492,691,000.00 | 510,884,000.00 | 569,294,000.00 | 685,931,000.00 | 840,380,000.00 | 835,998,000.00 |
| Total equity | 1.24B | 1.25B | 1.25B | 1.71B | 1.77B | 1.82B |
| Retained earnings | -2.63B | -2.74B | -2.82B | -2.78B | -2.86B | -2.93B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -70.58M | -63.44M | -182.51M | -335.24M | -431.50M | -246.96M | 135.66M | 215.30M |
| Depreciation & amortization | 7.50M | 7.73M | 8.61M | 11.25M | 16.70M | 24.10M | 30.97M | 43.48M |
| Free cash flow | -74.46M | -68.41M | -202.12M | -376.27M | -479.20M | -286.15M | 58.75M | 76.11M |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 96.78M | 323.41M | 270.65M | 550.82M | 433.19M | 235.44M | 0 | 0 |
| Ending cash balance | 51.00M | 61.98M | 48.86M | 84.61M | 466.09M | 642.10M | 945.59M | 1.08B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 44.45M | 37.57M | 59.39M | 73.89M | 40.17M | 54.79M |
| Depreciation & amortization | 9.24M | 9.86M | 10.29M | 14.10M | 20.23M | 21.19M |
| Free cash flow | 22.64M | 11.68M | 24.48M | 17.32M | 18.03M | -8.64M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | -- | -- |
| Ending cash balance | 973.77M | 1.00B | 1.04B | 1.08B | 1.09B | 1.09B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -1,176.16 | -80.31 | -60.07 | -82.79 | -80.62 | -59.11 | -19.42 | -14.32 |
| ROA %i | -57.35 | -29.34 | -30.33 | -43.50 | -41.64 | -30.66 | -12.28 | -10.26 |
| ROIC %i | -89.77 | -40.68 | -37.32 | -51.66 | -49.33 | -37.64 | -16.69 | -14.54 |
| 5-year avg ROE %i | -- | -369.92 | -172.62 | -175.40 | -149.78 | -72.58 | -60.40 | -51.25 |
| EBIT margin %i | -45.55 | -37.09 | -54.87 | -73.99 | -65.53 | -38.97 | -10.55 | -11.45 |
| FCF / sales %i | -- | -- | -- | -- | -- | -- | 3.46 | 3.30 |
| Current ratioi | 2.11 | 2.91 | 4.33 | 4.99 | 3.90 | 4.10 | 4.00 | 3.39 |
| Quick ratioi | 1.90 | 2.75 | 4.10 | 4.73 | 3.68 | 3.77 | 3.73 | 3.11 |
| Debt / assetsi | 46.06 | 26.74 | 30.16 | 32.13 | 32.00 | 30.66 | 11.27 | 8.94 |
| LT debt / equityi | 228.09 | 35.86 | 46.01 | 52.26 | 50.76 | 45.73 | 8.08 | 6.92 |
| Interest coveragei | -11.20 | -10.49 | -14.23 | -55.72 | -57.68 | -33.38 | -16.76 | -64.89 |
| Revenue CAGR (3Y) %i | 10.62 | 12.47 | 23.10 | 34.40 | 39.47 | 40.42 | 39.47 | 41.14 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -18.66 | -24.32 | -29.02 | -14.32 | -15.02 | -12.54 |
| ROA %i | -11.86 | -15.47 | -18.12 | -10.26 | -10.41 | -8.71 |
| ROIC %i | -16.46 | -21.60 | -25.03 | -14.54 | -14.87 | -12.59 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -9.87 | -12.57 | -14.43 | -11.45 | -11.28 | -9.19 |
| FCF / sales %i | 4.08 | 5.32 | 4.42 | 3.30 | 2.86 | 1.89 |
| Current ratioi | 3.87 | 3.72 | 3.27 | 3.39 | 2.96 | 3.00 |
| Quick ratioi | 3.58 | 3.44 | 3.01 | 3.11 | 2.70 | 2.74 |
| Debt / assetsi | 11.29 | 11.16 | 10.91 | 8.94 | 9.18 | 8.97 |
| LT debt / equityi | 8.31 | 8.24 | 8.34 | 6.92 | 8.17 | 7.85 |
| Interest coveragei | -21.10 | -38.18 | -69.91 | -64.89 | -71.33 | -65.20 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 07:00:13 · For reference only, not investment advice and not tailored to your situation.