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| Date | Value |
|---|---|
| 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 |