Natera (NTRA) Research & Development (2014 - 2026)
Natera (NTRA) posted Research & Development of $228.07 million for Q2 2026, up 55.8% from $146.43 million a year earlier and up 8.2% from the prior quarter.
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Analysis
Natera (NTRA) Research & Development (2014 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Natera was $787.38 million, up 56.9% year-over-year; for FY2025, it came in at $624.11 million, up 54.4% from FY2024.
- Annual Research & Development has increased for six consecutive years, with a five-year compound annual growth rate of 44.2% (FY2020 to FY2025).
- In prior years, Natera's Research & Development was $404.14 million in FY2024 (+26.0%), $320.68 million in FY2023 (+1.3%), $316.42 million in FY2022 (+19.8%) and $264.21 million in FY2021 (+164.1%).
- The Q2 2026 figure stands as the highest quarterly Research & Development in data going back to Q2 2014.
- On a year-over-year basis, Research & Development has increased in each of the last ten quarters, with growth averaging 53.1% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q3 2021, with growth of 272.6%; the weakest was Q3 2022, with a decline of 33.5%.
- According to Business Quant data, Research & Development for the three prior quarters was $210.7 million (Q1 2026), $175.19 million (Q4 2025) and $173.41 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.95 Bn | 98.96 Bn | - | - |
| 2 | Natera | 57.29 Bn | 52.97 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Labcorp Holdings | 26.01 Bn | 23.76 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 25.98 Bn | 24.11 Bn | 1.03 Bn | - |
| 5 | Tenet Healthcare | 22.71 Bn | 11.72 Bn | - | - |
| 6 | Guardant Health | 21.79 Bn | 17.85 Bn | 219.03 Mn | 96.53 Mn |
| 7 | BrightSpring Health Services | 13.02 Bn | 11.35 Bn | 492.75 Mn | - |
| 8 | Tempus AI | 12.48 Bn | 9.51 Bn | 246.50 Mn | 52.64 Mn |
| 9 | Fresenius Medical Care AG | 12.43 Bn | 4.38 Bn | 1.52 Bn | 46.06 Mn |
| 10 | Encompass Health | 12.41 Bn | 12.07 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 228.07 Mn |
| Mar 31, 2026 | 210.70 Mn |
| Dec 31, 2025 | 175.19 Mn |
| Sep 30, 2025 | 173.41 Mn |
| Jun 30, 2025 | 146.43 Mn |
| Mar 31, 2025 | 129.08 Mn |
| Dec 31, 2024 | 129.46 Mn |
| Sep 30, 2024 | 96.93 Mn |
| Jun 30, 2024 | 89.11 Mn |
| Mar 31, 2024 | 88.64 Mn |
| Dec 31, 2023 | 82.96 Mn |
| Sep 30, 2023 | 77.24 Mn |
| Jun 30, 2023 | 78.17 Mn |
| Mar 31, 2023 | 82.31 Mn |
| Dec 31, 2022 | 87.91 Mn |
| Sep 30, 2022 | 65.51 Mn |
| Jun 30, 2022 | 82.58 Mn |
| Mar 31, 2022 | 80.41 Mn |
| Dec 31, 2021 | 71.81 Mn |
| Sep 30, 2021 | 98.46 Mn |
API Access
Natera Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=NTRA&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "NTRA", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=NTRA&period=max&api_key=YOUR_API_KEY");
const data = await res.json();