Natera (NTRA) Operating Expenses (2014 - 2026)

Natera's (NTRA) quarterly Operating Expenses came in at $790.2 million in Q1 2026, up 36.0% YoY from $581.0 million in Q1 2025, and up 14.8% on a QoQ basis from $688.3 million in Q4 2025.

Natera (NTRA) Operating Expenses (2014 - 2026) Analysis & Trends

Natera (NTRA) has 13 years of Operating Expenses data on file, last reported at $790.2 million in Q1 2026.

  • Quarterly Operating Expenses rose 36.0% year-over-year to $790.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $2.8 billion (up 37.27% YoY) and the FY2025 annual result came in at $2.6 billion, up 36.31% from the prior year.
  • Operating Expenses advanced to $790.2 million in Q1 2026, from $688.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $790.2 million in Q1 2026 to a low of $329.7 million in Q3 2022.
  • A 5-year average of $483.3 million and a median of $442.1 million in 2024 frame the typical range for Operating Expenses.
  • The widest YoY moves for Operating Expenses: up 53.84% in 2022, down 6.93% in 2022.
  • Tracing NTRA's Operating Expenses over 5 years: stood at $359.0 million in 2022, then gained by 10.2% to $395.6 million in 2023, then soared by 36.69% to $540.8 million in 2024, then grew by 27.27% to $688.3 million in 2025, then climbed by 14.8% to $790.2 million in 2026.
  • The last three Operating Expenses figures came in at $790.2 million (Q1 2026), $688.3 million (Q4 2025), and $689.8 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Thermo Fisher Scientific 213.86 Bn 209.80 Bn 8.34 Bn 9.91 Bn
2 Danaher 140.41 Bn 136.07 Bn 3.61 Bn 2.48 Bn
3 Idexx Laboratories 46.33 Bn 46.13 Bn 779.09 Mn 353.52 Mn
4 Agilent Technologies 39.71 Bn 37.90 Bn 990.00 Mn 1.44 Bn
5 Iqvia Holdings 39.35 Bn 37.27 Bn 1.44 Bn 637.00 Mn
6 Natera 38.97 Bn 37.87 Bn 696.04 Mn 790.16 Mn
7 Illumina 30.09 Bn 28.92 Bn 770.00 Mn 525.00 Mn
8 Mettler Toledo International 28.70 Bn 28.65 Bn 650.22 Mn 321.77 Mn
9 Quest Diagnostics 26.19 Bn 25.56 Bn 1.03 Bn 2.58 Bn
10 Labcorp Holdings 25.89 Bn 24.91 Bn 1.01 Bn 557.40 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 790.16 Mn
Dec 31, 2025 688.28 Mn
Sep 30, 2025 689.76 Mn
Jun 30, 2025 656.97 Mn
Mar 31, 2025 581.01 Mn
Dec 31, 2024 540.80 Mn
Sep 30, 2024 479.10 Mn
Jun 30, 2024 457.25 Mn
Mar 31, 2024 442.06 Mn
Dec 31, 2023 395.64 Mn
Sep 30, 2023 379.29 Mn
Jun 30, 2023 373.83 Mn
Mar 31, 2023 380.06 Mn
Dec 31, 2022 359.03 Mn
Sep 30, 2022 329.69 Mn
Jun 30, 2022 341.29 Mn
Mar 31, 2022 331.26 Mn
Dec 31, 2021 312.69 Mn
Sep 30, 2021 308.31 Mn
Jun 30, 2021 257.32 Mn