Product was Natera’s largest product and service line in fiscal 2025, bringing in $2.30B of $2.31B (100%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product | $797.31M | $1.07B | $1.69B | $2.30B | ||||||
| Panorama Nipt | — | — | — | — | ||||||
| Hcs | — | — | — | — | ||||||
| Licensing & Other | $22.92M | $14.05M | $11.84M | $10.29M | ||||||
| Other Genetic Tests | — | — | — | — | ||||||
| Upfront License & Constellation And Paternity | — | — | — | — | ||||||
| Constellation | — | — | — | — | ||||||
| Other, Licensing & Other | — | — | — | — | ||||||
| Total | $820.22M | $1.08B | $1.70B | $2.31B |
Natera brought in $2.31B from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 35.9% from $1.70B in fiscal 2024. Product was the largest at $2.30B (99.6%), ahead of Licensing & Other at $10.29M (0.4%).
From fiscal 2022 to 2025, combined revenue from these lines grew from $820.22M to $2.31B, a compound annual growth rate of 41.1%. Product's share of the total rose from 97.2% to 99.6%.
United States was Natera’s largest region in fiscal 2025, bringing in $2.26B of $2.31B (98%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $785.85M | $1.05B | $1.66B | $2.26B | |||||||||
| Europe, Middle East, India, & Africa | $16.64M | $22.81M | $23.88M | $24.48M | |||||||||
| Europe, Middle East, India, Africa | — | — | — | — | |||||||||
| Asia Pacific & Other | $14.03M | $7.22M | $8.66M | $8.01M | |||||||||
| Other | — | — | — | — | |||||||||
| Americas, Excluding U.S | $3.71M | $4.91M | $6.62M | $9.35M | |||||||||
| Total | $820.22M | $1.08B | $1.70B | $2.31B |
Natera brought in $2.31B from its four regions in fiscal 2025, the year ended December 31, 2025. That was up 35.9% from $1.70B in fiscal 2024. United States was the largest at $2.26B (98.2%), ahead of Europe, Middle East, India, & Africa at $24.48M (1.1%) and Americas, Excluding U.S at $9.35M (0.4%). The remaining region, Asia Pacific & Other, brought in $8.01M.
From fiscal 2022 to 2025, combined revenue from these regions grew from $820.22M to $2.31B, a compound annual growth rate of 41.1%. United States' share of the total rose from 95.8% to 98.2%.
Insurance Carriers was Natera’s largest revenue line in fiscal 2025, bringing in $2.17B of $2.31B (94%).
| Customer | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Insurance Carriers | $690.75M | $954.16M | $1.57B | $2.17B | ||||||
| Laboratory & Other Partners | — | $98.89M | $97.21M | $103.11M | ||||||
| Laboratory Partners | $94.91M | — | — | — | ||||||
| Patients | $34.56M | $29.53M | $27.88M | $31.82M | ||||||
| Total | $820.22M | $1.08B | $1.70B | $2.31B |
Natera brought in $2.31B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 35.9% from $1.70B in fiscal 2024. Insurance Carriers was the largest at $2.17B (94.1%), ahead of Laboratory & Other Partners at $103.11M (4.5%) and Patients at $31.82M (1.4%).
Compared with fiscal 2024, Insurance Carriers grew 38.1% to $2.17B and Laboratory & Other Partners grew 6.1% to $103.11M.
Natera began breaking out Laboratory & Other Partners in fiscal 2023, when it brought in $98.89M. Natera stopped reporting Laboratory Partners as a separate revenue line after fiscal 2022, when it brought in $94.91M.
Natera (NTRA) reports its revenue by product and service, by geography and by customer. In fiscal 2025, Product was its largest product and service line, bringing in $2.30B (99.6% of the total), followed by Licensing & Other at $10.29M (0.4%).
Product was Natera's largest product and service line in fiscal 2025, bringing in $2.30B, or 99.6% of the $2.31B total across its two product and service lines.
United States was Natera's largest region in fiscal 2025, bringing in $2.26B, or 98.2% of the $2.31B total across its four regions.
Insurance Carriers was Natera's largest revenue line in fiscal 2025, bringing in $2.17B, or 94.1% of the $2.31B total across its three revenue lines.
Insurance Carriers grew faster than Laboratory & Other Partners in fiscal 2025, up 38.1% from $1.57B to $2.17B. Laboratory & Other Partners grew 6.1% to $103.11M.
Every figure comes from Natera's annual financial filings, as reported. Each line keeps the name Natera gives it, and years follow its fiscal calendar.
Natera's revenue by product and service goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.