Natera (NTRA) Cost of Revenue (2014 - 2026)

Natera's (NTRA) quarterly Cost of Revenue came in at $608000.0 in Q1 2026, down 99.67% YoY from $184.6 million in Q1 2025, and down 99.92% on a QoQ basis from $809.2 million in Q4 2025.

Natera (NTRA) Cost of Revenue (2014 - 2026) Analysis & Trends

Natera (NTRA) has 13 years of Cost of Revenue data on file, last reported at $608000.0 in Q1 2026.

  • Quarterly Cost of Revenue fell 99.67% year-over-year to $608000.0 in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.2 billion (up 1656.0% YoY) and the FY2025 annual result came in at $810.6 million, up 1763.51% from the prior year.
  • Cost of Revenue slipped to $608000.0 in Q1 2026, from $809.2 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $809.2 million in Q4 2025 to a low of -$452.8 million in Q4 2024.
  • A 5-year average of $128.4 million and a median of $147.8 million in 2023 frame the typical range for Cost of Revenue.
  • Annual changes were most pronounced in 2023 — Cost of Revenue jumped 112448.66% — and 2024, when it tumbled 177.08%.
  • Tracing NTRA's Cost of Revenue over 5 years: stood at $522000.0 in 2022, then jumped by 112448.66% to $587.5 million in 2023, then plunged by 177.08% to -$452.8 million in 2024, then jumped by 278.69% to $809.2 million in 2025, then sank by 99.92% to $608000.0 in 2026.
  • The last three Cost of Revenue figures came in at $608000.0 (Q1 2026), $809.2 million (Q4 2025), and $207.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Thermo Fisher Scientific 213.86 Bn 209.80 Bn 8.34 Bn 3.65 Bn
2 Danaher 140.41 Bn 136.07 Bn 3.61 Bn 2.65 Bn
3 Idexx Laboratories 46.33 Bn 46.13 Bn 779.09 Mn 437.50 Mn
4 Agilent Technologies 39.71 Bn 37.90 Bn 990.00 Mn 845.00 Mn
5 Iqvia Holdings 39.35 Bn 37.27 Bn 1.44 Bn 2.93 Bn
6 Natera 38.97 Bn 37.87 Bn 696.04 Mn 608,000.00
7 Illumina 30.09 Bn 28.92 Bn 770.00 Mn 389.00 Mn
8 Mettler Toledo International 28.70 Bn 28.65 Bn 650.22 Mn 253.28 Mn
9 Quest Diagnostics 26.19 Bn 25.56 Bn 1.03 Bn 2.02 Bn
10 Labcorp Holdings 25.89 Bn 24.91 Bn 1.01 Bn 2.52 Bn

Historic Data

Download Data
DateValue
Mar 31, 2026 608,000.00
Mar 31, 2026 608,000.00
Dec 31, 2025 809.16 Mn
Dec 31, 2025 809.16 Mn
Sep 30, 2025 207.25 Mn
Sep 30, 2025 207.25 Mn
Jun 30, 2025 199.53 Mn
Jun 30, 2025 199.53 Mn
Mar 31, 2025 184.61 Mn
Mar 31, 2025 184.61 Mn
Dec 31, 2024 -452.84 Mn
Dec 31, 2024 -452.84 Mn
Sep 30, 2024 167.66 Mn
Sep 30, 2024 167.66 Mn
Jun 30, 2024 169.85 Mn
Jun 30, 2024 169.85 Mn
Mar 31, 2024 158.83 Mn
Mar 31, 2024 158.83 Mn
Dec 31, 2023 587.50 Mn
Dec 31, 2023 587.50 Mn