Natera, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.31B | $1.70B | $1.08B | $820.2M | $625.5M | $391.0M | $302.3M | $257.7M |
| Cost of Revenue | — | — | — | — | — | — | — | $158.1M |
| Gross Profit | — | — | — | — | — | — | — | $99.6M |
| Gross Margin | — | — | — | — | — | — | — | 38.6% |
| Operating Expenses | ||||||||
| Research & Development | $624.1M | $404.1M | $320.7M | $316.4M | $264.2M | $100.0M | $51.4M | $51.4M |
| SG&A Expense | $1.18B | $841.3M | $618.3M | $588.6M | $511.0M | $303.6M | $206.2M | $154.9M |
| Operating Income | $-309.9M | $-222.3M | $-446.2M | $-541.0M | $-468.2M | $-216.3M | $-116.3M | $-114.6M |
| Operating Margin | -13.4% | -13.1% | -41.2% | -66.0% | -74.8% | -55.3% | -38.5% | -44.5% |
| Interest Expense | $4.1M | $10.7M | $12.6M | $9.3M | $8.3M | $15.1M | $10.7M | $10.5M |
| Pretax Income | $-268.1M | $-189.7M | $-434.5M | $-546.8M | $-471.1M | $-229.6M | $-122.8M | $-127.8M |
| Income Tax Expense | $-59.9M | $695.0K | $271.0K | $978.0K | $618.0K | $98.0K | $2.0M | $321.0K |
| Net Income | $-208.2M | $-190.4M | $-434.8M | $-547.8M | $-471.7M | $-229.7M | $-124.8M | $-128.2M |
| Net Margin | -9.0% | -11.2% | -40.2% | -66.8% | -75.4% | -58.8% | -41.3% | -49.7% |
| EPS (Basic) | $-1.52 | $-1.53 | $-3.78 | $-5.57 | $-5.21 | $-2.84 | $-1.79 | $-2.22 |
| EPS (Diluted) | $-1.52 | $-1.53 | $-3.78 | $-5.57 | $-5.21 | $-2.84 | $-1.79 | $-2.22 |
| Shares Outstanding (Basic) | 136.7M | 124.7M | 115.0M | 98.4M | 90.6M | 81.0M | 69.6M | 57.8M |
| Shares Outstanding (Diluted) | 136.7M | 124.7M | 115.0M | 98.4M | 90.6M | 81.0M | 69.6M | 57.8M |
| Dividends Per Share | — | — | — | — | — | — | — | — |