Growth Metrics

Natera (NTRA) Operating Expenses (2016 - 2025)

Natera's Operating Expenses history spans 12 years, with the latest figure at $688.3 million for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 27.27% year-over-year to $688.3 million, compared with a TTM value of $2.6 billion through Dec 2025, up 36.31%, and an annual FY2025 reading of $2.6 billion, up 36.31% over the prior year.
  • Operating Expenses for Q4 2025 was $688.3 million at Natera, roughly flat from $689.8 million in the prior quarter.
  • The five-year high for Operating Expenses was $689.8 million in Q3 2025, with the low at $215.3 million in Q1 2021.
  • Average Operating Expenses over 5 years is $425.9 million, with a median of $379.7 million recorded in 2023.
  • Year-over-year, Operating Expenses skyrocketed 100.31% in 2021 and then increased 6.93% in 2022.
  • Tracing NTRA's Operating Expenses over 5 years: stood at $312.7 million in 2021, then rose by 14.82% to $359.0 million in 2022, then rose 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.
  • Per Business Quant, the three most recent readings for NTRA's Operating Expenses are $688.3 million (Q4 2025), $689.8 million (Q3 2025), and $657.0 million (Q2 2025).