Natera NTRA
NASDAQ NTRA
$366.36 +21.02 (+6.08%)
As of: Sep 17, 2026 · 3:59 PM EDT

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

Natera's (NTRA) quarterly Cost of Revenue came in at $266.6 million in Q2 2026, up 33.61% on a YoY basis from $199.5 million in Q2 2025, and up 8.73% quarter-over-quarter from $245.2 million in Q1 2026.

Analysis

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

Natera (NTRA) has reported Cost of Revenue for 13 consecutive years, with $266.6 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Cost of Revenue rose 33.61% year-over-year to $266.6 million; the trailing twelve-month figure through Jun 2026 stood at $938.3 million (up 28.93% YoY), and the FY2025 full-year result was $810.6 million, up 20.57% from the prior year.
  • Cost of Revenue climbed to $266.6 million in Q2 2026 per NTRA's latest filing, from $245.2 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $266.6 million in Q2 2026 and bottomed at $102.7 million in Q1 2022.
  • Historically, Cost of Revenue has averaged $168.7 million across 5 years, with a median of $163.2 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Cost of Revenue jumped 55.96% in 2022, then climbed 7.5% in 2024.
  • Over 5 years, Cost of Revenue stood at $126.8 million in 2022, then grew by 19.14% to $151.0 million in 2023, then grew by 16.5% to $176.0 million in 2024, then increased by 24.59% to $219.2 million in 2025, then gained by 21.61% to $266.6 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $266.6 million, $245.2 million, and $219.2 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Natera 49.39 Bn 48.29 Bn 486.15 Mn 266.60 Mn
2 Quest Diagnostics 27.49 Bn 26.86 Bn 1.03 Bn 2.02 Bn
3 Labcorp Holdings 26.51 Bn 26.37 Bn 1.11 Bn 2.62 Bn
4 Guardant Health 23.17 Bn 22.12 Bn 219.03 Mn 115.95 Mn
5 Tempus AI 12.59 Bn 11.77 Bn 274.25 Mn 108.23 Mn
6 Caris Life Sciences 8.01 Bn 7.22 Bn 182.38 Mn 81.33 Mn
7 Sotera Health 5.53 Bn 5.17 Bn 177.96 Mn 143.41 Mn
8 BillionToOne 4.80 Bn 4.25 Bn 77.11 Mn 32.34 Mn
9 Adaptive Biotechnologies 4.40 Bn 4.05 Bn 51.39 Mn 20.17 Mn
10 iRhythm Holdings 3.68 Bn 3.08 Bn 163.21 Mn 60.97 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 266.60 Mn
Mar 31, 2026 245.20 Mn
Dec 31, 2025 219.23 Mn
Sep 30, 2025 207.25 Mn
Jun 30, 2025 199.53 Mn
Mar 31, 2025 184.61 Mn
Dec 31, 2024 175.96 Mn
Sep 30, 2024 167.66 Mn
Jun 30, 2024 169.85 Mn
Mar 31, 2024 158.83 Mn
Dec 31, 2023 151.04 Mn
Sep 30, 2023 146.96 Mn
Jun 30, 2023 142.81 Mn
Mar 31, 2023 147.75 Mn
Dec 31, 2022 126.77 Mn
Sep 30, 2022 115.44 Mn
Jun 30, 2022 108.76 Mn
Mar 31, 2022 102.67 Mn
Dec 31, 2021 93.33 Mn
Sep 30, 2021 80.51 Mn