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

Natera (NTRA) Operating Expenses (2014 - 2026)

Natera's (NTRA) quarterly Operating Expenses came in at $828.5 million in Q2 2026, up 26.12% on a YoY basis from $657.0 million in Q2 2025, and up 4.86% quarter-over-quarter from $790.2 million in Q1 2026.

Analysis

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

Natera (NTRA) has reported Operating Expenses for 13 consecutive years, with $828.5 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Operating Expenses rose 26.12% year-over-year to $828.5 million; the trailing twelve-month figure through Jun 2026 stood at $3.0 billion (up 32.72% YoY), and the FY2025 full-year result was $2.6 billion, up 36.31% from the prior year.
  • Operating Expenses rose to $828.5 million in Q2 2026 per NTRA's latest filing, from $790.2 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $828.5 million in Q2 2026 and bottomed at $329.7 million in Q3 2022.
  • Historically, Operating Expenses has averaged $502.4 million across 5 years, with a median of $449.7 million in 2024.
  • The widest YoY moves for Operating Expenses: up 53.84% in 2022, down 6.93% in 2022.
  • Over 5 years, Operating Expenses stood at $359.0 million in 2022, then climbed by 10.2% to $395.6 million in 2023, then surged by 36.69% to $540.8 million in 2024, then rose by 27.27% to $688.3 million in 2025, then advanced by 20.38% to $828.5 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $828.5 million, $790.2 million, and $688.3 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Natera 49.39 Bn 48.29 Bn 486.15 Mn 828.54 Mn
2 Quest Diagnostics 27.49 Bn 26.86 Bn 1.03 Bn 2.58 Bn
3 Labcorp Holdings 26.51 Bn 26.37 Bn 1.11 Bn 582.30 Mn
4 Guardant Health 23.17 Bn 22.12 Bn 219.03 Mn 464.10 Mn
5 Tempus AI 12.59 Bn 11.77 Bn 274.25 Mn 458.40 Mn
6 Caris Life Sciences 8.01 Bn 7.22 Bn 182.38 Mn 236.79 Mn
7 Sotera Health 5.53 Bn 5.17 Bn 177.96 Mn 68.16 Mn
8 BillionToOne 4.80 Bn 4.25 Bn 77.11 Mn 71.60 Mn
9 Adaptive Biotechnologies 4.40 Bn 4.05 Bn 51.39 Mn 87.32 Mn
10 iRhythm Holdings 3.68 Bn 3.08 Bn 163.21 Mn 165.75 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 828.54 Mn
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