Natera (NTRA) Operating Expenses (2014 - 2026)

For the trailing twelve months through Jun 30, 2026, Operating Expenses at Natera was $3 billion, up 32.7% year-over-year; for FY2025, it came in at $2.62 billion, up 36.3% from FY2024.

• Annual Operating Expenses has increased for 12 consecutive years, with a five-year compound annual growth rate of 33.9% (FY2020 to FY2025).
• In prior years, Natera's Operating Expenses was $1.92 billion in FY2024 (+25.5%), $1.53 billion in FY2023 (+12.3%), $1.36 billion in FY2022 (+24.5%) and $1.09 billion in FY2021 (+80.1%).
• The Q2 2026 figure stands as the highest quarterly Operating Expenses in data going back to Q2 2014.
• On a year-over-year basis, Operating Expenses has increased in each of the last 30 quarters, with growth averaging 33.9% over the last eight quarters.
• Over the past five years, the year-over-year growth in Operating Expenses ranged from 6.9% (Q3 2022) to 100.3% (Q3 2021).
• According to Business Quant data, Operating Expenses for the three prior quarters was $790.16 million (Q1 2026), $688.28 million (Q4 2025) and $689.76 million (Q3 2025).