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
DateValue
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