Natera (NTRA) Cost of Revenue (2014 - 2026)
Natera (NTRA) reported Cost of Revenue of $608000.0 for Q1 2026, down 99.67% on a YoY basis from $184.6 million in Q1 2025, and down 27.71% quarter-over-quarter from $841000.0 in Q4 2025.
Natera (NTRA) Cost of Revenue (2014 - 2026) Analysis & Trends
Natera has reported Cost of Revenue for 13 years, with the latest figure at $608000.0 in Q1 2026.
- For the quarter ending Q1 2026, Cost of Revenue fell 99.67% year-over-year to $608000.0; the trailing twelve-month figure through Mar 2026 stood at $209.2 million (down 79.62% YoY), and the FY2025 full-year result was $2.3 million, down 99.66% from the prior year.
- Cost of Revenue for Q1 2026 stood at $608000.0, down from $841000.0 in the prior quarter.
- The five-year high for Cost of Revenue was $671.3 million in Q4 2024, with the low at -$395.3 million in Q4 2023.
- Historically, Cost of Revenue has averaged $71.1 million across 5 years, with a median of $608000.0 in 2026.
- Annual changes were most pronounced in 2023 — Cost of Revenue plunged 75832.57% — and 2025, when it jumped 60034.53%.
- Natera's Cost of Revenue stood at $522000.0 in 2022, then sank by 75832.57% to -$395.3 million in 2023, then soared by 269.81% to $671.3 million in 2024, then tumbled by 99.87% to $841000.0 in 2025, then declined by 27.71% to $608000.0 in 2026.
- The last three Cost of Revenue figures came in at $608000.0 (Q1 2026), $841000.0 (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 | Waters | 30,010.71 Bn | 30,010.25 Bn | 1.11 Bn | 155.00 Mn |
| 2 | Thermo Fisher Scientific | 179.46 Bn | 176.21 Bn | 7.74 Bn | 3.26 Bn |
| 3 | Danaher | 130.33 Bn | 124.64 Bn | 3.59 Bn | 2.36 Bn |
| 4 | Idexx Laboratories | 44.44 Bn | 44.24 Bn | 722.74 Mn | 175.25 Mn |
| 5 | Agilent Technologies | 37.27 Bn | 35.46 Bn | 990.00 Mn | 845.00 Mn |
| 6 | Iqvia Holdings | 30.70 Bn | 28.73 Bn | 1.36 Bn | 2.80 Bn |
| 7 | Natera | 30.59 Bn | 29.49 Bn | 696.04 Mn | 608,000.00 |
| 8 | Illumina | 24.86 Bn | 23.71 Bn | 721.00 Mn | 370.00 Mn |
| 9 | Mettler Toledo International | 23.06 Bn | 23.00 Bn | 555.82 Mn | 118.74 Mn |
| 10 | Quest Diagnostics | 22.46 Bn | 22.36 Bn | 942.00 Mn | 1.95 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 608,000.00 |
| Mar 31, 2026 | 608,000.00 |
| Dec 31, 2025 | 841,000.00 |
| Dec 31, 2025 | 841,000.00 |
| Sep 30, 2025 | 207.25 Mn |
| Sep 30, 2025 | 207.25 Mn |
| Jun 30, 2025 | 465,000.00 |
| Jun 30, 2025 | 465,000.00 |
| Mar 31, 2025 | 184.61 Mn |
| Mar 31, 2025 | 184.61 Mn |
| Dec 31, 2024 | 671.31 Mn |
| Dec 31, 2024 | 671.31 Mn |
| Sep 30, 2024 | 354,000.00 |
| Sep 30, 2024 | 354,000.00 |
| Jun 30, 2024 | 169.85 Mn |
| Jun 30, 2024 | 169.85 Mn |
| Mar 31, 2024 | 307,000.00 |
| Mar 31, 2024 | 307,000.00 |
| Dec 31, 2023 | -395.32 Mn |
| Dec 31, 2023 | -395.32 Mn |