NASDAQ$NTRA

Natera Inc · Q3 2025 earnings

Q3 2025 earnings · · After market close · Investor relations

Briefing

Natera reported Q3 2025, revenue of $320M, net loss of $45M.

For Q3 2025, Natera reported revenue of $320M, a net loss of $45M. Management discusses segment performance, capital allocation, and outlook in the earnings filing.

  • Revenue $320M.
  • Net loss $45M.
  • Natera highlights liquidity, operations, and 2026 priorities.

Headline financials

Total Revenue

$592M

Previous: $440M+34.7%
EPS (adj)

-$0.64

Previous: -$0.26-146.2%
Tests processed

893.6K

Previous: 775.8K+15.2%
Tests accessioned

879.7K

Previous: 760.7K+15.6%
Tests reported

832.9K

Previous: 750.1K+11.0%
Tests reported (lab)

819.9K

Previous: 735.9K+11.4%
Gross margin

64.9%

Previous: 61.8%+5.0%
Capital Expenditures

-$70.1M

Previous: -$48.3M-45.2%
Net Income

-$87.5M

Previous: -$31.6M-177.1%
Operating Income

-$97.6M

Previous: -$39.3M-148.0%
Gross Profit

$384M

Previous: -$536K+71816.4%

Revenue & EPS history

Natera · Revenue · Quarterly

$592M

Q3 2025+34.7%vs Q3 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Natera · $33.9M total across 1 segment · Q1 2021

  • Licensing and other revenues
    $33.9M

Forward guidance

The release discusses Natera's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • Natera cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • GAAP profitability remained under pressure in Q3 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+4.4%

Avg return

Earnings day

+4.4%

Avg return

5 days after

+6.0%

Avg return

30 days after

69%

31 / 45 earnings

Positive

+29.1%

Q2 2017

Best reaction

-21.2%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.0%-5.2%+0.0%
Q4 2025-3.8%-6.0%-15.5%
Q3 2025+0.7%+5.6%+23.2%
Q1 2025-6.9%-6.9%+0.7%
Q4 2024-0.7%-5.5%-8.1%
Q3 2024+20.2%+9.0%+24.2%
Q2 2024+14.2%+18.6%+12.5%
Q1 2024+10.1%+10.3%+16.2%
Q4 2023+13.6%+18.4%+20.1%
Q3 2023+4.0%+11.2%+33.2%
Q2 2023+16.1%+20.0%+42.3%
Q1 2023-3.6%-3.8%-8.1%
Q4 2022+14.1%+22.2%+14.1%
Q3 2022-13.2%-5.3%-9.2%
Q2 2022+5.1%+3.7%-2.7%
Q1 2022-2.0%-18.5%+0.5%
Q4 2021+10.2%+5.9%-34.7%
Q3 2021+3.6%+1.2%-22.7%
Q2 2021+2.4%-7.7%+8.1%
Q1 2021-2.9%-14.0%-7.1%
Q4 2020+2.9%+4.6%-17.0%
Q3 2020+9.3%+2.3%+16.5%
Q2 2020+11.8%+4.0%+31.2%
Q1 2020+19.8%+28.3%+11.6%
Q4 2019+6.4%+5.6%-27.3%
Q3 2019-3.7%+0.3%-1.3%
Q2 2019+19.3%+9.6%+19.8%
Q1 2019+19.8%+26.8%+34.3%
Q4 2018+19.6%+16.9%+22.9%
Q3 2018-21.2%-25.2%-20.4%
Q2 2018+0.2%+5.2%+8.4%
Q1 2018+1.4%-0.9%+3.6%
Q4 2017+0.3%+17.3%+10.1%
Q3 2017-12.8%-13.4%-11.9%
Q2 2017+29.1%+32.4%+64.0%
Q1 2017+13.8%+11.5%+7.1%
Q4 2016-14.8%-15.9%-10.8%
Q3 2016+12.0%+25.5%+26.8%
Q2 2016-5.8%-17.2%-21.3%
Q1 2016+15.4%
Q1 2014+0.1%
Q4 2015-13.8%
Q3 2014+2.7%
Q3 2015+7.0%
Q2 2014-3.6%
Q1 2015
Q4 2014
Q4 2013
Q3 2013
Q1 2013

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