Natera (NTRA) Gross Margin (2014 - 2026)

Natera has reported Gross Margin for 13 years, with the latest figure at 99.91% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 3670.0% year-over-year to 99.91%; the trailing twelve-month figure through Mar 2026 stood at 91.64% (up 4768.0% YoY), and the FY2025 full-year result was 99.9%, up 3952.0% from the prior year.
• Gross Margin for Q1 2026 stood at 99.91%, roughly flat from 99.87% in the prior quarter.
• The five-year high for Gross Margin was 227.07% in Q4 2023, with the low at 41.01% in Q4 2024.
• Historically, Gross Margin has averaged 82.8% across 5 years, with a median of 99.76% in 2022.
• Annual changes were most pronounced in 2022 — Gross Margin jumped 18052 bps — and 2024, when it slumped 26809 bps.
• Natera's Gross Margin stood at 99.76% in 2022, then soared by 128 bps to 227.07% in 2023, then slumped by 118 bps to 41.01% in 2024, then jumped by 344 bps to 99.87% in 2025, then increased by 0 bps to 99.91% in 2026.
• The last three Gross Margin figures came in at 99.91% (Q1 2026), 99.87% (Q4 2025), and 65.0% (Q3 2025), per Business Quant data.