The full income statement, balance sheet, and cash-flow statement for Natera Inc. (NTRA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 2.31B+35.9% | 1.70B+56.7% | 1.08B+32.0% | 820M+31.1% | 625M+60.0% | |
| Research & development | 624M+54.4% | 404M+26.0% | 321M+1.3% | 316M+19.8% | 264M+164.1% | |
| Selling, general & administrative | 1.18B+39.9% | 841M+36.1% | 618M+5.0% | 589M+15.2% | 511M+68.3% | |
| Restructuring | — | — | — | — | 400K | |
| Amortization of intangibles | 3.90M+290.0% | 1.00M | 0.00 | — | — | |
| Provision for credit losses | 1.61M+25.6% | 1.28M-51.6% | 2.65M+49.4% | 1.77M+1234.6% | -156K-111.5% | |
| Operating income | -310M-39.4% | -222M+50.2% | -446M+17.5% | -541M-15.6% | -468M-116.5% | |
| Interest expense | 4.07M-61.9% | 10.7M-15.5% | 12.6M+35.6% | 9.32M+12.2% | 8.30M-44.9% | |
| Gain (loss) on equity securities | — | — | — | 2.00K-81.8% | 11.0K | |
| Pre-tax income | -268M-41.3% | -190M+56.3% | -435M+20.5% | -547M-16.1% | -471M-105.1% | |
| Income tax | -59.9M-8722.9% | 695K+156.5% | 271K-72.3% | 978K+58.3% | 618K+530.6% | |
| -208M-9.3% | -190M+56.2% | -435M+20.6% | -548M-16.1% | -472M-105.3% | ||
| Net income to common | -208M-9.3% | -190M+56.2% | -435M+20.6% | -548M-16.1% | -472M-105.3% | |
| -$1.52+0.7% | -$1.53+59.5% | -$3.78+32.1% | -$5.57-6.9% | -$5.21-83.5% | ||
| EPS (basic) | -$1.52+0.7% | -$1.53+59.5% | -$3.78+32.1% | -$5.57-6.9% | -$5.21-83.5% | |
| Weighted-avg shares (basic) | 137M+9.6% | 125M+8.5% | 115M+16.9% | 98.4M+8.7% | 90.6M+11.8% | |
| Weighted-avg shares (diluted) | 137M+9.6% | 125M+8.5% | 115M+16.9% | 98.4M+8.7% | 90.6M+11.8% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.50B+8.8% | 1.38B+9.3% | 1.26B+3.9% | 1.21B+10.9% | 1.09B+26.7% | ||
| Cash & equivalents | 1.08B+13.8% | 946M+47.3% | 642M+37.8% | 466M+452.3% | 84.4M+73.4% | |
| Short-term investments | — | 22.7M-90.4% | 237M-45.2% | 432M-47.9% | 830M+20.5% | |
| Accounts receivable | 297M-5.6% | 314M+12.9% | 278M+13.9% | 244M+100.2% | 122M+55.4% | |
| Inventory | 68.4M+53.0% | 44.7M+9.8% | 40.8M+15.1% | 35.4M+31.6% | 26.9M+34.3% | |
| Prepaid expenses | 55.8M+14.8% | 48.6M-19.6% | 60.5M+79.9% | 33.6M+13.5% | 29.6M+11.4% | |
| 2.40B+44.4% | 1.66B+15.2% | 1.44B+3.4% | 1.39B+12.8% | 1.24B+32.6% | ||
| Property, plant & equipment | 241M+48.8% | 162M+45.7% | 111M+20.3% | 92.5M+41.1% | 65.5M+96.5% | |
| Operating lease right-of-use | 109M+26.0% | 86.1M+52.4% | 56.5M-21.3% | 71.9M+21.8% | 59.0M+175.8% | |
| Goodwill | 141M | — | — | — | — | |
| Intangible assets | 374M+3318.2% | 10.9M | — | — | — | |
| Other non-current assets | 36.9M+43.1% | 25.8M+67.4% | 15.4M-16.0% | 18.3M-2.6% | 18.8M+27.7% | |
| 441M+28.2% | 344M+12.0% | 307M-1.0% | 310M+41.8% | 219M+10.0% | ||
| Accounts payable | 33.2M-5.1% | 34.9M+132.8% | 15.0M-51.8% | 31.1M+14.5% | 27.2M+236.0% | |
| Deferred revenue | 24.9M+26.1% | 19.8M+18.9% | 16.6M+54.1% | 10.8M+45.6% | 7.40M-85.2% | |
| Short-term & current debt | 80.3M-0.0% | 80.4M-0.0% | 80.4M+0.1% | 80.3M+60.5% | 50.1M-0.0% | |
| Current lease liability | 15.6M+53.2% | 10.2M-12.5% | 11.6M+52.1% | 7.64M+32.8% | 5.75M-21.2% | |
| Other current liabilities | 189M+28.4% | 147M-1.7% | 149M+3.6% | 144M+54.5% | 93.4M+54.5% | |
| 686M+47.4% | 465M-31.2% | 676M-1.8% | 689M+18.1% | 583M+30.8% | ||
| Long-term debt | — | — | 283M+0.5% | 282M+0.4% | 280M+38.5% | |
| Deferred revenue (non-current) | 17.1M+1.3% | 16.8M-12.0% | 19.1M-4.4% | 20.0M-6.2% | 21.3M-6.5% | |
| Non-current lease liability | 118M+22.7% | 96.6M+44.1% | 67.0M-12.5% | 76.6M+25.5% | 61.0M+187.3% | |
| Operating lease liability (total) | 134M+25.6% | 107M+35.7% | 78.6M-6.6% | 84.2M+26.1% | 66.8M+134.0% | |
| Other non-current liabilities | 11.7M+49.0% | 7.84M | — | — | 1.48M+362.2% | |
| 1.71B+43.2% | 1.20B+56.2% | 765M+8.4% | 706M+8.0% | 653M+34.4% | ||
| Common stock | 14.0K+16.7% | 12.0K+9.1% | 11.0K+0.0% | 11.0K+10.0% | 10.0K+11.1% | |
| Additional paid-in capital | 4.49B+19.3% | 3.76B+19.6% | 3.15B+18.1% | 2.66B+30.0% | 2.05B+45.3% | |
| Retained earnings | -2.78B-8.1% | -2.57B-8.0% | -2.38B-22.4% | -1.94B-39.3% | -1.39B-50.1% | |
| Accumulated other comprehensive income | -258K+25.0% | -344K+88.8% | -3.08M+81.1% | -16.4M-615.4% | -2.29M-153.7% | |
| Total equity incl. non-controlling | 1.71B+43.2% | 1.20B+56.2% | 765M+8.4% | 706M+8.0% | 653M+34.4% | |
| Total liabilities & equity | 2.40B+44.4% | 1.66B+15.2% | 1.44B+3.4% | 1.39B+12.8% | 1.24B+32.6% | |
| Common shares issued | 140M+5.3% | 133M+10.9% | 120M+7.5% | 111M+16.9% | 95.1M+10.3% | |
| Common shares outstanding | 140M+5.3% | 133M+10.9% | 120M+7.5% | 111M+16.9% | 95.1M+10.3% | |
| Shares outstanding (cover) | 142M+4.8% | 135M+11.9% | 121M+6.6% | 113M+18.7% | 95.5M+10.3% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 215M+58.7% | 136M+154.9% | -247M+42.8% | -432M-28.7% | -335M-83.7% | ||
| Depreciation & amortization | 43.5M+40.4% | 31.0M+28.5% | 24.1M+44.3% | 16.7M+48.4% | 11.3M+30.7% | |
| Intangible amortization | 3.90M+290.0% | 1.00M | 0.00 | — | — | |
| Share-based compensation | 354M+29.1% | 274M+43.1% | 192M+25.9% | 152M+32.3% | 115M+129.7% | |
| Change in receivables | -20.8M-157.8% | 35.9M+5.8% | 33.9M-72.3% | 122M+181.1% | 43.5M+68.4% | |
| Change in inventory | 20.9M+423.7% | 3.98M-25.6% | 5.35M-37.0% | 8.50M+23.5% | 6.88M-8.0% | |
| Change in payables | 753K-94.3% | 13.2M+185.5% | -15.5M-383.0% | 5.46M-71.6% | 19.2M+16389.8% | |
| -132M-196.1% | 138M-18.3% | 168M-49.0% | 330M+261.0% | -205M+38.1% | ||
| Capital expenditure | 106M+59.9% | 66.4M+69.5% | 39.2M-17.8% | 47.7M+16.2% | 41.0M+109.3% | |
| Free cash flow | 109M+57.6% | 69.2M+124.2% | -286M+40.3% | -479M-27.4% | -376M-86.2% | |
| Acquisitions | 16.0M | — | 0.00 | — | 8.56M | |
| Sales/maturities of investments | 23.0M-92.7% | 314M+2.7% | 306M+41.3% | 217M-59.4% | 533M+55.2% | |
| 47.5M+57.1% | 30.2M-88.1% | 254M-47.3% | 483M-16.2% | 576M+15.0% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | — | 0.00 | — | — | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest paid | 4.07M-48.5% | 7.90M-30.4% | 11.3M+40.8% | 8.06M+13.9% | 7.08M+114.7% | |
| Income taxes paid | 499K-61.8% | 1.31M+343.1% | 295K-46.3% | 549K+94.0% | 283K+322.4% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 32.0B+49.5% | 21.4B+184.3% | 7.53B+92.0% | 3.92B-55.9% | 8.89B+3.5% | |
| P/S | 13.9×+10.0% | 12.6×+65.7% | 7.6×+50.7% | 5.1×-64.4% | 14.2×-35.3% | |
| P/B | 18.7×+4.4% | 17.9×+86.6% | 9.6×-11.5% | 10.8×-20.3% | 13.6×-22.9% | |
| P/FCF | 293.3×-5.1% | 309.1× | — | — | — | |
| FCF yield | 0.34%+5.4% | 0.32% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
Source: NTRA’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all NTRA filings on SEC EDGAR → Not investment advice.
