Cash flow Natera, Inc.

Stocks

NTRA

US6323071042

Healthcare Facilities & Services

Market Closed - Nasdaq Other stock markets 21:00:00 10/07/2026 BST			Pre-market 14:22:22
269.95 ^USD	-4.22%		273.76	+1.41%

07-09	Natera Receives EU IVDR Certification for Signatera	MT
07-06	Natera, Inc. Announces Resignation of Monica Bertagnolli as A Member of the Board and Any Committees of the Board, Effective July 1, 2026	CI

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Published financial data: NATERA, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	625M	820M	1.08B	1.7B	2.31B
Total Revenues	625M	820M	1.08B	1.7B	2.31B
Cost of Goods Sold, Total	318M	456M	590M	674M	813M
Gross Profit	307M	364M	493M	1.02B	1.49B
Selling General & Admin Expenses, Total	511M	589M	618M	841M	1.18B
R&D Expenses	264M	316M	321M	404M	624M
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	-	1.72M
Other Operating Expenses, Total	775M	905M	939M	1.25B	1.8B
Operating Income	-468M	-541M	-446M	-222M	-310M
Interest Expense, Total	-8.3M	-9.32M	-12.64M	-10.68M	-4.07M
Interest And Investment Income	5.34M	4.44M	24.35M	43.25M	45.89M
Net Interest Expenses	-2.97M	-4.88M	11.72M	32.56M	41.82M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	-471M	-546M	-435M	-190M	-268M
Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	46K	-906K	-	-	-
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-471M	-547M	-435M	-190M	-268M
Income Tax Expense	618K	978K	271K	695K	-59.93M
Earnings From Continuing Operations	-472M	-548M	-435M	-190M	-208M
Net Income to Company	-472M	-548M	-435M	-190M	-208M
Net Income - (IS)	-472M	-548M	-435M	-190M	-208M
Net Income to Common Incl Extra Items	-472M	-548M	-435M	-190M	-208M
Net Income to Common Excl. Extra Items	-472M	-548M	-435M	-190M	-208M
Per Share Items
Net EPS - Basic	-5.21	-5.57	-3.78	-1.53	-1.52
Basic EPS - Continuing Operations	-5.21	-5.57	-3.78	-1.53	-1.52
Basic Weighted Average Shares Outstanding	90.56M	98.41M	115M	125M	137M
Net EPS - Diluted	-5.21	-5.57	-3.78	-1.53	-1.52
Diluted EPS - Continuing Operations	-5.21	-5.57	-3.78	-1.53	-1.52
Diluted Weighted Average Shares Outstanding	90.56M	98.41M	115M	125M	137M
Normalized Basic EPS	-3.25	-3.47	-2.36	-0.95	-1.23
Normalized Diluted EPS	-3.25	-3.47	-2.36	-0.95	-1.23
Supplemental Items
EBITDA	-458M	-525M	-425M	-195M	-271M
EBITA	-468M	-541M	-446M	-222M	-308M
EBIT	-468M	-541M	-446M	-222M	-310M
EBITDAR	-447M	-511M	-410M	-180M	-251M
Total Revenues (As Reported)	625M	820M	1.08B	1.7B	2.31B
Effective Tax Rate - (Ratio)	-0.13	-0.18	-0.06	-0.37	22.35
Normalized Net Income	-294M	-341M	-272M	-119M	-168M
Interest on Long-Term Debt	8.3M	9.33M	12.66M	10.72M	4.1M
Supplemental Operating Expense Items
Advertising Expense	2.2M	1.8M	1.1M	2.3M	10.6M
Selling and Marketing Expenses	-	-	-	-	-
Research And Development Expense From Footnotes	265M	317M	326M	408M	629M
Net Rental Expense, Total	10.9M	13.8M	14.5M	15.3M	20.2M
Imputed Operating Lease Interest Expense	2.14M	2.44M	3.3M	4.16M	3.28M
Imputed Operating Lease Depreciation	8.76M	11.36M	11.2M	11.14M	16.92M
Stock-Based Comp., COGS (Total)	4.81M	7.9M	11.75M	16.47M	23.6M
Stock-Based Comp., R&D Exp. (Total)	25.87M	46.54M	66.33M	88.7M	120M
Stock-Based Comp., SG&A Exp. (Total)	84.54M	97.93M	114M	169M	210M
Stock-Based Comp., Other (Total)	-	-	800K	1.3M	-
Total Stock-Based Compensation	115M	152M	193M	276M	354M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	84.39M	466M	642M	946M	1.08B
Short Term Investments	830M	432M	237M	22.69M	-
Total Cash And Short Term Investments	914M	898M	879M	968M	1.08B
Accounts Receivable, Total	122M	244M	278M	314M	297M
Total Receivables	122M	244M	278M	314M	297M
Inventory	26.91M	35.41M	40.76M	44.74M	68.44M
Prepaid Expenses	29.64M	33.63M	57.42M	47.84M	55.83M
Restricted Cash	228K	86K	-	-	-
Other Current Assets, Total	-	-	3.1M	800K	-
Total Current Assets	1.09B	1.21B	1.26B	1.38B	1.5B
Gross Property Plant And Equipment	142M	200M	224M	327M	461M
Accumulated Depreciation	-19.32M	-35.7M	-56.29M	-78.42M	-111M
Net Property Plant And Equipment	122M	164M	168M	248M	350M
Goodwill	-	-	-	-	141M
Other Intangibles, Total	2.3M	-	-	-	374M
Accounts Receivable Long-Term	-	-	-	-	-
Deferred Charges Long-Term	-	-	5.5K	-	-
Other Long-Term Assets, Total	18.82M	18.33M	15.4M	36.72M	36.9M
Total Assets	1.24B	1.39B	1.44B	1.66B	2.4B
Liabilities
Accounts Payable, Total	31M	44.43M	26.23M	42.82M	45.51M
Accrued Expenses, Total	106M	147M	145M	173M	233M
Short-term Borrowings	50.05M	80.35M	80.4M	80.36M	80.32M
Current Portion of Leases	5.75M	7.64M	11.62M	10.17M	15.58M
Unearned Revenue Current, Total	7.4M	10.78M	16.61M	19.75M	24.91M
Other Current Liabilities	19.06M	20.77M	27.56M	18.37M	42.36M
Total Current Liabilities	219M	310M	307M	344M	441M
Long-Term Debt	280M	282M	283M	-	-
Long-Term Leases	61.04M	76.58M	67.02M	96.59M	118M
Unearned Revenue Non Current	21.32M	20M	19.13M	16.84M	17.06M
Deferred Tax Liability Non Current	-	-	-	-	701K
Other Non Current Liabilities	1.48M	-	-	7.84M	108M
Total Liabilities	583M	689M	676M	465M	686M
Common Stock, Total	10K	11K	11K	12K	14K
Additional Paid In Capital	2.05B	2.66B	3.15B	3.76B	4.49B
Retained Earnings	-1.39B	-1.94B	-2.38B	-2.57B	-2.78B
Comprehensive Income and Other	-2.29M	-16.36M	-3.08M	-344K	-258K
Total Common Equity	653M	706M	765M	1.2B	1.71B
Total Equity	653M	706M	765M	1.2B	1.71B
Total Liabilities And Equity	1.24B	1.39B	1.44B	1.66B	2.4B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	95.47M	113M	121M	135M	142M
ECS Total Common Shares Outstanding	95.14M	111M	120M	133M	140M
Book Value / Share	6.87	6.34	6.4	9.01	12.26
Tangible Book Value	651M	706M	765M	1.2B	1.2B
Tangible Book Value Per Share	6.84	6.34	6.4	9.01	8.57
Total Debt	397M	446M	442M	187M	214M
Net Debt	-517M	-452M	-437M	-781M	-862M
Debt Equivalent Oper. Leases	87.2M	110M	116M	122M	162M
Account Code - Inventory Valuation	5	5	5	5	5
Inventories - Raw Materials, Total	26.91M	35.41M	40.76M	-	68.44M
Inventories - Others	-	-	-	45.3M	-
Machinery, Total	38.62M	67.57M	87.48M	120M	175M
Full Time Employees	2.67K	2.96K	3.28K	4.42K	6.14K
Part Time Employees	-	60	11	10	5
Accumulated Allowance for Doubtful Accounts (Supple)	2.43M	3.83M	6.48M	7.26M	8.02M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	-472M	-548M	-435M	-190M	-208M
Depreciation & Amortization - CF	10.15M	16.5M	21.7M	27.47M	36.76M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	1.72M
Depreciation & Amortization, Total	10.15M	16.5M	21.7M	27.47M	38.48M
Amortization of Deferred Charges, Total - (CF)	2.33M	1.46M	3.69M	4.49M	5M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	7.76M	5.74M	1.09M	-618K	32K
Asset Writedown & Restructuring Costs	35.6M	9.29M	2.68M	-	-
Stock-Based Compensation (CF)	115M	152M	192M	274M	354M
Provision and Write-off of Bad Debts	-156K	1.77M	-	-	-
Other Operating Activities, Total	11.65M	13.83M	14.84M	18.18M	15.5M
Change In Accounts Receivable	-43.35M	-124M	-33.9M	-35.88M	20.75M
Change In Inventories	-7.51M	-8.26M	-5.35M	-3.98M	-20.87M
Change In Accounts Payable	19.22M	5.46M	-15.46M	13.21M	753K
Change in Unearned Revenues	-44.21M	2.06M	4.96M	852K	2.75M
Change In Deferred Taxes	-	-	-	-	-60.8M
Change in Other Net Operating Assets	29.77M	40.14M	1.8M	27.94M	67.46M
Cash from Operations	-335M	-432M	-247M	136M	215M
Capital Expenditure	-49.59M	-47.7M	-39.2M	-66.42M	-106M
Cash Acquisitions	-	-	-	-	-16.02M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-	-	-	-10.5M	-33M
Investment in Marketable and Equity Securities, Total	-156M	378M	208M	215M	23M
Cash from Investing	-205M	330M	168M	138M	-132M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	30M	-	-	-
Total Debt Issued	-	30M	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Issuance of Common Stock	576M	453M	254M	30.29M	47.57M
Other Financing Activities, Total	-	-	-	-82K	-112K
Cash from Financing	576M	483M	254M	30.2M	47.46M
Net Change in Cash	35.76M	381M	176M	303M	131M
Supplemental Items
Cash Interest Paid	7.08M	8.06M	11.35M	7.9M	4.07M
Cash Income Tax Paid (Refund)	283K	549K	295K	1.31M	499K
Levered Free Cash Flow	-252M	-297M	-181M	95.45M	141M
Unlevered Free Cash Flow	-248M	-292M	-175M	101M	144M
Change In Net Working Capital	32.01M	75.3M	73.41M	-10.29M	-78.55M
Net Debt Issued / Repaid	-	30M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-26.99	-25.71	-19.67	-8.96	-9.54
Return on Total Capital	-32.19	-30.71	-23.64	-10.73	-11.71
Return On Equity %	-82.79	-80.62	-59.11	-19.42	-14.32
Return on Common Equity	-82.79	-80.62	-59.11	-19.42	-14.32
Margin Analysis
Gross Profit Margin %	49.09	44.37	45.52	60.3	64.75
SG&A Margin	81.7	71.76	57.11	49.58	51.05
EBITDA Margin %	-73.23	-63.95	-39.22	-11.48	-11.77
EBITA Margin %	-74.85	-65.96	-41.22	-13.1	-13.36
EBIT Margin %	-74.85	-65.96	-41.22	-13.1	-13.44
Income From Continuing Operations Margin %	-75.42	-66.79	-40.16	-11.22	-9.03
Net Income Margin %	-75.42	-66.79	-40.16	-11.22	-9.03
Net Avail. For Common Margin %	-75.42	-66.79	-40.16	-11.22	-9.03
Normalized Net Income Margin	-47.08	-41.6	-25.09	-6.99	-7.27
Levered Free Cash Flow Margin	-40.24	-36.16	-16.76	5.62	6.11
Unlevered Free Cash Flow Margin	-39.61	-35.61	-16.15	5.96	6.23
Asset Turnover
Asset Turnover	0.58	0.62	0.76	1.09	1.14
Fixed Assets Turnover	7.14	5.72	6.52	8.16	7.71
Receivables Turnover (Average Receivables)	6.23	4.48	4.14	5.73	7.55
Inventory Turnover (Average Inventory)	13.57	14.64	15.49	15.76	14.36
Short Term Liquidity
Current Ratio	4.99	3.9	4.1	4	3.39
Quick Ratio	4.73	3.68	3.77	3.73	3.11
Operating Cash Flow to Current Liabilities	-1.53	-1.39	-0.8	0.39	0.49
Days Sales Outstanding (Average Receivables)	58.54	81.54	88.11	63.89	48.33
Days Outstanding Inventory (Average Inventory)	26.9	24.93	23.57	23.22	25.41
Average Days Payable Outstanding	23.46	29.62	21.66	18.64	19.27
Cash Conversion Cycle (Average Days)	61.98	76.84	90.01	68.47	54.47
Long Term Solvency
Total Debt/Equity	60.8	63.23	57.75	15.65	12.52
Total Debt / Total Capital	37.81	38.74	36.61	13.53	11.13
LT Debt/Equity	52.26	50.76	45.73	8.08	6.92
Long-Term Debt / Total Capital	32.5	31.1	28.99	6.99	6.15
Total Liabilities / Total Assets	47.16	49.39	46.91	28.02	28.6
EBIT / Interest Expense	-56.37	-58.06	-35.31	-20.8	-76.16
EBITDA / Interest Expense	-53.84	-54.81	-32.45	-16.8	-61.74
(EBITDA - Capex) / Interest Expense	-59.81	-59.92	-35.55	-23.02	-87.84
Total Debt / EBITDA	-0.89	-0.87	-1.08	-1.04	-0.85
Net Debt / EBITDA	1.16	0.89	1.07	4.35	3.43
Total Debt / (EBITDA - Capex)	-0.8	-0.8	-0.98	-0.76	-0.6
Net Debt / (EBITDA - Capex)	1.04	0.81	0.97	3.18	2.41
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	59.97	31.13	31.99	56.75	35.9
Gross Profit, 1 Yr. Growth %	63.87	18.53	35.38	107.65	45.94
EBITDA, 1 Yr. Growth %	119.5	14.52	-19.06	-54.11	39.32
EBITA, 1 Yr. Growth %	116.47	15.56	-17.52	-50.19	38.64
EBIT, 1 Yr. Growth %	116.47	15.56	-17.52	-50.19	39.41
Earnings From Cont. Operations, 1 Yr. Growth %	105.32	16.13	-20.63	-56.2	9.31
Net Income, 1 Yr. Growth %	105.32	16.13	-20.63	-56.2	9.31
Normalized Net Income, 1 Yr. Growth %	110.42	15.87	-20.54	-56.34	41.3
Diluted EPS Before Extra, 1 Yr. Growth %	83.45	6.87	-32.08	-59.62	-0.28
Accounts Receivable, 1 Yr. Growth %	55.38	100.19	13.87	12.89	-5.61
Inventory, 1 Yr. Growth %	34.34	31.58	15.12	9.78	52.97
Net Property, Plant and Equip., 1 Yr. Growth %	130.42	34.44	2.08	47.96	40.91
Total Assets, 1 Yr. Growth %	32.65	12.78	3.39	15.19	44.41
Tangible Book Value, 1 Yr. Growth %	34.36	8.41	8.44	56.2	1.11
Common Equity, 1 Yr. Growth %	34.36	8.03	8.44	56.2	43.25
Cash From Operations, 1 Yr. Growth %	83.68	28.72	-42.77	-154.93	58.7
Capital Expenditures, 1 Yr. Growth %	152.95	-3.81	-17.82	69.45	59.87
Levered Free Cash Flow, 1 Yr. Growth %	92.44	17.85	-38.7	-152.62	49.78
Unlevered Free Cash Flow, 1 Yr. Growth %	103.87	17.89	-40.01	-157.86	43.8
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	43.84	44.84	31.56	43.83	45.95
Gross Profit, 2 Yr. CAGR %	55.58	39.37	26.68	67.66	74.08
EBITDA, 2 Yr. CAGR %	93.46	58.55	-3.72	-39.06	-20.04
EBITA, 2 Yr. CAGR %	90.58	58.16	-2.37	-35.9	-16.9
EBIT, 2 Yr. CAGR %	90.58	58.16	-2.37	-35.9	-16.66
Earnings From Cont. Operations, 2 Yr. CAGR %	94.4	54.42	-3.99	-41.04	-30.81
Net Income, 2 Yr. CAGR %	94.4	54.42	-3.99	-41.04	-30.81
Normalized Net Income, 2 Yr. CAGR %	86.5	56.15	-3.96	-41.05	-21.45
Diluted EPS Before Extra, 2 Yr. CAGR %	70.38	40.1	-14.8	-47.63	-36.54
Accounts Receivable, 2 Yr. CAGR %	51.27	76.37	50.99	13.38	3.22
Inventory, 2 Yr. CAGR %	47.35	32.95	23.07	12.42	29.58
Net Property, Plant and Equip., 2 Yr. CAGR %	63.34	76	17.15	22.9	44.39
Total Assets, 2 Yr. CAGR %	45.68	22.31	7.98	9.13	28.98
Tangible Book Value, 2 Yr. CAGR %	53.16	20.69	8.43	30.15	25.09
Common Equity, 2 Yr. CAGR %	53.1	20.48	8.23	30.15	49.58
Cash From Operations, 2 Yr. CAGR %	129.87	53.76	-14.17	-43.93	-6.63
Capital Expenditures, 2 Yr. CAGR %	215.93	55.98	-11.09	18.01	64.59
Levered Free Cash Flow, 2 Yr. CAGR %	421.56	50.59	-15.04	-43.21	-12.03
Unlevered Free Cash Flow, 2 Yr. CAGR %	300.06	55.03	-15.93	-41.08	-9.58
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	34.4	39.47	40.42	39.47	41.14
Gross Profit, 3 Yr. CAGR %	49.66	42.1	38.03	49.36	60.08
EBITDA, 3 Yr. CAGR %	61.65	62.44	26.71	-24.79	-19.72
EBITA, 3 Yr. CAGR %	59.85	61.31	27.31	-21.99	-17.1
EBIT, 3 Yr. CAGR %	59.85	61.31	27.31	-21.99	-16.95
Earnings From Cont. Operations, 3 Yr. CAGR %	54.4	63.72	23.69	-26.09	-27.57
Net Income, 3 Yr. CAGR %	54.4	63.72	23.69	-26.09	-27.57
Normalized Net Income, 3 Yr. CAGR %	54.48	59.14	24.73	-26.15	-21.1
Diluted EPS Before Extra, 3 Yr. CAGR %	32.89	45.84	10.06	-33.57	-35.09
Accounts Receivable, 3 Yr. CAGR %	25.19	66.08	52.44	37.04	6.66
Inventory, 3 Yr. CAGR %	25.44	41.89	26.72	18.47	24.57
Net Property, Plant and Equip., 3 Yr. CAGR %	75.44	53.08	46.78	26.63	28.63
Total Assets, 3 Yr. CAGR %	66.44	33.76	15.65	10.33	19.81
Tangible Book Value, 3 Yr. CAGR %	177.51	36.5	16.46	22.46	19.28
Common Equity, 3 Yr. CAGR %	172.85	36.3	16.32	22.31	34.38
Cash From Operations, 3 Yr. CAGR %	68.09	89.47	10.61	-26.03	-20.69
Capital Expenditures, 3 Yr. CAGR %	133.8	112.54	25.98	10.23	30.58
Levered Free Cash Flow, 3 Yr. CAGR %	48.74	217.67	11.52	-27.58	-21.89
Unlevered Free Cash Flow, 3 Yr. CAGR %	52.15	166.22	12.88	-25.78	-21.02
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	24.1	31.37	33.26	41.2	42.61
Gross Profit, 5 Yr. CAGR %	31.25	39.05	40.01	51.82	51.45
EBITDA, 5 Yr. CAGR %	37.45	32.34	31.39	9.75	5.4
EBITA, 5 Yr. CAGR %	36.46	31.94	31.24	11.51	7.34
EBIT, 5 Yr. CAGR %	36.46	31.94	31.24	11.51	7.46
Earnings From Cont. Operations, 5 Yr. CAGR %	36.29	31.82	27.68	8.81	-1.95
Net Income, 5 Yr. CAGR %	36.29	31.82	27.68	8.81	-1.95
Normalized Net Income, 5 Yr. CAGR %	36.82	31.83	27.73	6.97	3.67
Diluted EPS Before Extra, 5 Yr. CAGR %	21.72	16.55	11.24	-3.18	-11.7
Accounts Receivable, 5 Yr. CAGR %	55.57	40.85	34.93	42.56	30.43
Inventory, 5 Yr. CAGR %	33.22	31.52	24.49	29.27	27.86
Net Property, Plant and Equip., 5 Yr. CAGR %	31.58	43.43	49.27	40.2	45.82
Total Assets, 5 Yr. CAGR %	42.47	45.4	39.99	23.3	20.8
Tangible Book Value, 5 Yr. CAGR %	43.99	98.64	90.55	33.92	19.84
Common Equity, 5 Yr. CAGR %	43.74	94.4	88.5	33.81	28.63
Cash From Operations, 5 Yr. CAGR %	35.26	34.56	28.47	16.42	3.36
Capital Expenditures, 5 Yr. CAGR %	16.47	37.04	58.81	67.97	40.2
Levered Free Cash Flow, 5 Yr. CAGR %	29.94	23.44	18.85	59.48	1.52
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.66	23.66	19.97	45.56	3.39