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Natera (NTRA) Operating Expenses (2016 - 2026)

Natera filings provide 12 years of Operating Expenses readings, the most recent being $688.3 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 27.27% to $688.3 million in Q4 2025 year-over-year; TTM through Dec 2025 was $2.6 billion, a 36.31% increase, with the full-year FY2025 number at $2.6 billion, up 36.31% from a year prior.
  • Operating Expenses hit $688.3 million in Q4 2025 for Natera, roughly flat from $689.8 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $689.8 million in Q3 2025 to a low of $215.3 million in Q1 2021.
  • Median Operating Expenses over the past 5 years was $379.7 million (2023), compared with a mean of $425.9 million.
  • Biggest five-year swings in Operating Expenses: skyrocketed 100.31% in 2021 and later increased 6.93% in 2022.
  • Natera's Operating Expenses 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.
  • The last three reported values for Operating Expenses were $688.3 million (Q4 2025), $689.8 million (Q3 2025), and $657.0 million (Q2 2025) per Business Quant data.