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| Date | Value |
|---|---|
| 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 |