NTRA Chart
About

Natera, Inc., a diagnostics company, provides molecular testing services worldwide. Its products include Panorama, a non-invasive prenatal test that screens for chromosomal abnormalities of a fetus, as well as in twin pregnancies; Horizon carrier screening test for individuals and couples determine if they are carriers of genetic variations that cause certain genetic conditions; Vistara single-gene NIPT screens for 25 single-gene disorders; Spectrum, preimplantation genetic tests for couples undergoing IVF; Anora that analyzes miscarriage tissue from women; Empower, a hereditary cancer screening test; and non-invasive prenatal paternity product, which allows a couple to establish paternity without waiting for the child to be born. The company also provides Signatera molecular residual disease test for assessment and surveillance of disease recurrence in patients previously diagnosed with cancer; Altera, a tissue based genomic profiling test, that provides insight into genomic alterations and biomarkers; Prospera to assess active rejection in patients who have undergone kidney, heart, and lung transplantation; and Renasight, a kidney gene panel test. In addition, it offers Constellation, a cloud-based software product. It serves independent laboratories, national and regional reference laboratories, medical centers and physician practices, research laboratories, and pharmaceutical companies through its direct sales force, and a network of laboratory and distribution partners. It has a partnership agreement with BGI Genomics Co., Ltd. to develop, manufacture, and commercialize NGS-based genetic testing assays; and Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. The company was formerly known as Gene Security Network, LLC and changed its name to Natera, Inc. in January 2012. Natera, Inc. was founded in 2003 and is headquartered in Austin, Texas.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Diagnostics & Research Market Cap 29.22B
Enterprise Value 28.07B Income -309.19M Sales 2.12B
Book/sh 9.11 Cash/sh 7.55 Dividend Yield —
Payout 0.00% Employees 4424 IPO —
P/E — Forward P/E -105.48 PEG —
P/S 13.80 P/B 23.01 P/C —
EV/EBITDA -88.23 EV/Sales 13.26 Quick Ratio 3.01
Current Ratio 3.27 Debt/Eq 15.87 LT Debt/Eq —
EPS (ttm) -2.28 EPS next Y -1.99 EPS Growth —
Revenue Growth 34.70% Earnings 2026-02-26 ROA -12.89%
ROE -29.02% ROIC — Gross Margin 63.66%
Oper. Margin -16.48% Profit Margin -14.61% Shs Outstand 139.45M
Shs Float 133.76M Short Float 2.55% Short Ratio 3.15
Short Interest — 52W High 256.36 52W Low 125.38
Beta 1.63 Avg Volume 1.17M Volume 666.39K
Target Price $257.20 Recom Strong_buy Prev Close $209.35
Price $209.53 Change 0.09%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$257.20
Mean price target
2. Current target
$209.53
Latest analyst target
3. DCF / Fair value
$23.32
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$209.53
Low
$186.00
High
$300.00
Mean
$257.20

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-07 init Citigroup — → Buy $300
2026-01-05 main Guggenheim Buy → Buy $270
2025-12-22 main Canaccord Genuity Buy → Buy $285
2025-12-15 main Barclays Overweight → Overweight $270
2025-12-15 main JP Morgan Overweight → Overweight $260
2025-12-15 main Wells Fargo Equal-Weight → Equal-Weight $205
2025-12-08 main Canaccord Genuity Buy → Buy $250
2025-12-05 main BTIG Buy → Buy $260
2025-12-02 main Morgan Stanley Overweight → Overweight $265
2025-11-25 main JP Morgan Overweight → Overweight $250
2025-11-18 main UBS Buy → Buy $280
2025-11-13 main Stephens & Co. Overweight → Overweight $235
2025-11-11 main Piper Sandler Overweight → Overweight $230
2025-11-11 main Morgan Stanley Overweight → Overweight $220
2025-11-07 main Canaccord Genuity Buy → Buy $250
2025-11-07 main JP Morgan Overweight → Overweight $240
2025-11-07 main Wells Fargo Equal-Weight → Equal-Weight $190
2025-11-07 main Barclays Overweight → Overweight $230
2025-11-07 main Evercore ISI Group Outperform → Outperform $250
2025-11-07 main BTIG Buy → Buy $230
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 90024 20770419.0 — Sale at price 229.08 - 234.00 per share. CHAPMAN STEVEN LEONARD Chief Executive Officer — 2026-02-03 00:00:00 D
1 1334 307845.0 — Sale at price 230.77 per share. RABINOWITZ DANIEL A Officer — 2026-02-03 00:00:00 D
2 3594 830279.0 — Sale at price 230.77 - 231.14 per share. FESKO JOHN President — 2026-02-03 00:00:00 D
3 4639 1072538.0 — Sale at price 228.50 - 234.00 per share. MOSHKEVICH SOLOMON Officer — 2026-02-03 00:00:00 D
4 6939 1580926.0 — Sale at price 225.25 - 230.77 per share. BROPHY MICHAEL BURKES Chief Financial Officer — 2026-02-03 00:00:00 D
5 435 100384.0 — Sale at price 230.77 per share. SHEENA JONATHAN Director — 2026-02-03 00:00:00 D
6 70 — — Stock Award(Grant) at price 0.00 per share. BERTAGNOLLI MONICA Director — 2026-01-30 00:00:00 D
7 97 — — Stock Award(Grant) at price 0.00 per share. CHAPMAN ROWAN E Director — 2026-01-30 00:00:00 D
8 70 — — Stock Award(Grant) at price 0.00 per share. BAYNES ROY D Director — 2026-01-30 00:00:00 D
9 6135 — — Stock Award(Grant) at price 0.00 per share. FESKO JOHN President — 2026-01-30 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems0.000.000.000.00
TaxRateForCalcs0.210.210.000.27
NormalizedEBITDA-148.08M-397.80M-520.80M-451.54M
TotalUnusualItems0.000.00
TotalUnusualItemsExcludingGoodwill0.000.00
NetIncomeFromContinuingOperationNetMinorityInterest-190.43M-434.80M-547.80M-471.72M
ReconciledDepreciation30.97M24.10M16.70M11.25M
ReconciledCostOfRevenue673.75M589.83M456.26M318.42M
EBITDA-148.08M-397.80M-520.80M-451.54M
EBIT-179.05M-421.89M-537.50M-462.79M
NetInterestIncome32.56M11.71M-5.78M-2.92M
InterestExpense10.69M12.64M9.32M8.30M
InterestIncome43.25M24.35M3.54M5.38M
NormalizedIncome-190.43M-434.80M-547.80M-471.72M
NetIncomeFromContinuingAndDiscontinuedOperation-190.43M-434.80M-547.80M-471.72M
TotalExpenses1.92B1.53B1.36B1.09B
TotalOperatingIncomeAsReported-222.29M-446.25M-541.04M-468.17M
DilutedAverageShares124.72M115.00M98.41M90.56M
BasicAverageShares124.72M115.00M98.41M90.56M
DilutedEPS-1.53-3.78-5.57-5.21
BasicEPS-1.53-3.78-5.57-5.21
DilutedNIAvailtoComStockholders-190.43M-434.80M-547.80M-471.72M
NetIncomeCommonStockholders-190.43M-434.80M-547.80M-471.72M
NetIncome-190.43M-434.80M-547.80M-471.72M
NetIncomeIncludingNoncontrollingInterests-190.43M-434.80M-547.80M-471.72M
NetIncomeContinuousOperations-190.43M-434.80M-547.80M-471.72M
TaxProvision695.00K271.00K978.00K618.00K
PretaxIncome-189.73M-434.53M-546.82M-471.10M
OtherIncomeExpense5.38M
OtherNonOperatingIncomeExpenses5.38M
SpecialIncomeCharges0.000.00
GainOnSaleOfBusiness0.00
NetNonOperatingInterestIncomeExpense32.56M11.71M-5.78M-2.92M
InterestExpenseNonOperating10.69M12.64M9.32M8.30M
InterestIncomeNonOperating43.25M24.35M3.54M5.38M
OperatingIncome-222.29M-446.25M-541.04M-468.17M
OperatingExpense1.25B938.99M905.01M775.24M
ResearchAndDevelopment404.14M320.68M316.42M264.21M
SellingGeneralAndAdministration841.31M618.31M588.59M511.03M
GrossProfit1.02B492.74M363.97M307.07M
CostOfRevenue673.75M589.83M456.26M318.42M
TotalRevenue1.70B1.08B820.22M625.49M
OperatingRevenue1.70B1.08B820.22M625.49M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber132.65M119.58M111.25M95.14M
ShareIssued132.65M119.58M111.25M95.14M
NetDebt246.06M
TotalDebt187.12M441.99M446.22M397.23M
TangibleBookValue1.20B765.33M705.74M653.30M
InvestedCapital1.28B1.13B1.07B983.75M
WorkingCapital1.03B951.27M901.32M874.18M
NetTangibleAssets1.20B765.33M705.74M653.30M
CapitalLeaseObligations106.76M78.65M84.22M66.79M
CommonStockEquity1.20B765.33M705.74M653.30M
TotalCapitalization1.20B1.05B987.40M933.70M
TotalEquityGrossMinorityInterest1.20B765.33M705.74M653.30M
StockholdersEquity1.20B765.33M705.74M653.30M
GainsLossesNotAffectingRetainedEarnings-344.00K-3.08M-16.36M-2.29M
OtherEquityAdjustments-344.00K-3.08M-16.36M-2.29M
RetainedEarnings-2.57B-2.38B-1.94B-1.39B
AdditionalPaidInCapital3.76B3.15B2.66B2.05B
CapitalStock12.00K11.00K11.00K10.00K
CommonStock12.00K11.00K11.00K10.00K
TotalLiabilitiesNetMinorityInterest465.31M676.37M688.73M583.18M
TotalNonCurrentLiabilitiesNetMinorityInterest121.27M369.10M378.23M364.23M
OtherNonCurrentLiabilities1.48M
NonCurrentDeferredLiabilities24.68M19.13M20.00M21.32M
NonCurrentDeferredRevenue24.68M19.13M20.00M21.32M
LongTermDebtAndCapitalLeaseObligation96.59M349.97M358.23M341.43M
LongTermCapitalLeaseObligation96.59M67.03M76.58M61.04M
LongTermDebt282.94M281.65M280.39M
CurrentLiabilities344.05M307.27M310.50M218.96M
CurrentDeferredLiabilities19.75M16.61M10.78M7.40M
CurrentDeferredRevenue19.75M16.61M10.78M7.40M
CurrentDebtAndCapitalLeaseObligation90.53M92.02M87.99M55.80M
CurrentCapitalLeaseObligation10.17M11.62M7.64M5.75M
CurrentDebt80.36M80.40M80.35M50.05M
OtherCurrentBorrowings80.35M50.05M
LineOfCredit80.36M80.40M80.35M50.05M
PensionandOtherPostRetirementBenefitPlansCurrent62.11M45.86M44.01M40.94M
CurrentProvisions11.28M23.25M18.95M17.21M
PayablesAndAccruedExpenses160.37M129.54M148.78M97.60M
CurrentAccruedExpenses121.03M110.81M113.31M68.16M
InterestPayable0.001.08M1.08M1.08M
Payables39.34M18.73M35.47M29.44M
TotalTaxPayable4.42M3.73M4.32M2.23M
IncomeTaxPayable4.32M2.23M
AccountsPayable34.92M15.00M31.15M27.21M
TotalAssets1.66B1.44B1.39B1.24B
TotalNonCurrentAssets284.92M183.15M182.66M143.35M
OtherNonCurrentAssets36.72M15.40M18.33M18.82M
NetPPE248.19M167.75M164.33M124.53M
AccumulatedDepreciation-78.42M-56.29M-35.70M-19.41M
GrossPPE326.61M224.04M200.03M143.94M
Leases48.57M39.00M29.75M13.64M
ConstructionInProgress58.46M29.39M25.37M30.28M
OtherProperties86.15M56.54M71.87M59.01M
MachineryFurnitureEquipment133.43M99.11M73.03M41.01M
Properties0.000.000.000.00
CurrentAssets1.38B1.26B1.21B1.09B
OtherCurrentAssets48.63M60.52M33.63M29.64M
RestrictedCash86.00K228.00K
PrepaidAssets29.64M
Inventory44.74M40.76M35.41M26.91M
Receivables314.17M278.29M244.38M122.07M
AccountsReceivable314.17M278.29M244.38M122.07M
AllowanceForDoubtfulAccountsReceivable-7.26M-6.48M-3.83M-2.43M
GrossAccountsReceivable321.42M284.77M248.22M124.50M
CashCashEquivalentsAndShortTermInvestments968.28M878.98M898.39M914.28M
OtherShortTermInvestments22.69M236.88M432.30M829.90M
CashAndCashEquivalents945.59M642.10M466.09M84.39M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow58.75M-286.15M-479.20M-376.27M
RepaymentOfDebt-82.00K0.000.000.00
IssuanceOfDebt0.000.0030.00M0.00
IssuanceOfCapitalStock0.00235.44M433.19M550.82M
CapitalExpenditure-76.92M-39.20M-47.70M-41.03M
InterestPaidSupplementalData7.90M11.35M8.06M7.08M
IncomeTaxPaidSupplementalData1.31M295.00K549.00K283.00K
EndCashPosition945.59M642.10M466.09M84.61M
BeginningCashPosition642.10M466.09M84.61M48.85M
ChangesInCash303.49M176.00M381.48M35.76M
FinancingCashFlow30.20M254.46M482.64M576.19M
CashFlowFromContinuingFinancingActivities30.20M254.46M482.64M576.19M
ProceedsFromStockOptionExercised30.29M19.02M19.45M25.37M
NetCommonStockIssuance0.00235.44M433.19M550.82M
CommonStockIssuance0.00235.44M433.19M550.82M
NetIssuancePaymentsOfDebt-82.00K0.0030.00M0.00
NetShortTermDebtIssuance0.0030.00M0.00
ShortTermDebtIssuance0.0030.00M0.00
NetLongTermDebtIssuance-82.00K0.0030.00M0.00
LongTermDebtPayments-82.00K0.000.000.00
LongTermDebtIssuance0.000.0030.00M0.00
InvestingCashFlow137.62M168.50M330.34M-205.19M
CashFlowFromContinuingInvestingActivities137.62M168.50M330.34M-205.19M
NetOtherInvestingChanges-8.56M
NetInvestmentPurchaseAndSale214.54M207.70M378.04M-155.60M
SaleOfInvestment339.22M306.00M464.98M720.49M
PurchaseOfInvestment-124.68M-98.30M-86.95M-876.10M
NetBusinessPurchaseAndSale0.00
SaleOfBusiness0.00
NetIntangiblesPurchaseAndSale-10.49M0.000.00
PurchaseOfIntangibles-10.49M0.000.00
NetPPEPurchaseAndSale-66.42M-39.20M-47.70M-41.03M
PurchaseOfPPE-66.42M-39.20M-47.70M-41.03M
OperatingCashFlow135.66M-246.96M-431.50M-335.24M
CashFlowFromContinuingOperatingActivities135.66M-246.96M-431.50M-335.24M
ChangeInWorkingCapital2.14M-47.95M-83.15M-45.60M
ChangeInOtherWorkingCapital852.00K4.96M2.06M-44.21M
ChangeInOtherCurrentLiabilities-16.82M-12.45M-10.00M-10.30M
ChangeInOtherCurrentAssets0.008.35M622.00K0.00
ChangeInPayablesAndAccruedExpense47.16M16.51M56.18M62.47M
ChangeInAccruedExpense33.95M31.97M50.72M43.25M
ChangeInPayable13.21M-15.46M5.46M19.22M
ChangeInAccountPayable13.21M-15.46M5.46M19.22M
ChangeInPrepaidAssets10.81M-26.07M-1.20M-3.18M
ChangeInInventory-3.98M-5.35M-8.50M-6.88M
ChangeInReceivables-35.88M-33.90M-122.31M-43.51M
ChangesInAccountReceivables-35.88M-33.90M-122.31M-43.51M
OtherNonCashItems18.71M18.54M24.62M47.85M
StockBasedCompensation274.43M191.81M152.38M115.22M
UnrealizedGainLossOnInvestmentSecurities-2.00K-11.00K
ProvisionandWriteOffofAssets1.77M-156.00K
AssetImpairmentCharge0.00
AmortizationOfSecurities-618.00K1.09M4.84M7.81M
DepreciationAmortizationDepletion30.97M24.10M16.70M11.25M
DepreciationAndAmortization30.97M24.10M16.70M11.25M
OperatingGainsLosses462.00K265.00K904.00K-57.00K
GainLossOnInvestmentSecurities906.00K-46.00K
NetForeignCurrencyExchangeGainLoss462.00K265.00K-2.00K-11.00K
GainLossOnSaleOfBusiness0.00
NetIncomeFromContinuingOperations-190.43M-434.80M-547.80M-471.72M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for NTRA
Date User Asset Broker Type Position Size Entry Price Patterns