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Companies / Health Care / Natera, Inc.
NTRA

Natera, Inc.

Health CareHealth Services
Ticker NTRAAUSTIN, TXFiscal year ends DecemberBook value per share $12.79Diluted shares 142.4M

Natera, Inc. (NASDAQ: NTRA) is a diagnostics company headquartered in Austin, Texas, with laboratory facilities in Austin, San Carlos, California, and Boulder, Colorado. The company applies proprietary cell-free DNA technology and bioinformatics algorithms to develop and commercialize genetic tests across three… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$2.31BFY2025
+35.9% year over year
Last 12 mo $2.71B
-13.44%FY2025
−0.3 percentage points
Last 12 mo -10.70%
$-208.16MFY2025
−9.3% year over year
Last 12 mo $-192.35M
-12.16%FY2025
+3.8 percentage points
Last 12 mo -10.56%
Cash & financing
$215.30MFY2025
+58.7% year over year
Last 12 mo $228.24M
$109.11MFY2025
+57.6% year over year
Last 12 mo $84.20M
0.05FY2025
Was 0.07× a year earlier
Last 12 mo 0.04
136.7MFY2025
+9.6% year over year
Last 12 mo 142.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Natera, Inc. does

In the company’s own words

Natera, Inc. (NASDAQ: NTRA) is a diagnostics company headquartered in Austin, Texas, with laboratory facilities in Austin, San Carlos, California, and Boulder, Colorado. The company applies proprietary cell-free DNA technology and bioinformatics algorithms to develop and commercialize genetic tests across three primary healthcare areas: oncology, women's health, and organ health.

In oncology, Natera offers Signatera, a personalized circulating tumor DNA test for molecular residual disease assessment and treatment response monitoring in cancer patients. The company also provides Latitude, a tissue-independent MRD test for colorectal cancer; Altera, a comprehensive genomic profiling test for therapy selection; and Empower, a hereditary cancer screening test. The oncology segment addresses an estimated $21 billion addressable market for solid tumor recurrence monitoring and $3 billion for blood cancers.

The women's health division centers on Panorama, a non-invasive prenatal test screening for chromosomal abnormalities and microdeletions, which has established Natera as the market leader by volume in the United States. Complementing Panorama is Horizon, a carrier screening test for up to 835 inherited conditions. The company also offers Fetal Focus, a single-gene NIPT; Vistara, screening for 25 single-gene conditions; and Anora, a products-of-conception test for miscarriage analysis.

In organ health, Prospera assesses active rejection in kidney, heart, and lung transplant recipients by measuring donor-derived cell-free DNA, addressing an estimated $3.8 billion addressable market. Renasight is a kidney gene panel test identifying genetic causes of chronic kidney disease.

Natera's Constellation platform forms the core of its cloud-based distribution model, enabling laboratories worldwide to run molecular workflows and access bioinformatics algorithms through cloud infrastructure. The company maintains a global network of over 100 laboratory and distribution partners across more than 80 countries while operating direct sales forces in the United States.

The company processed approximately 3.5 million tests in 2025, generating revenues of $2.3 billion. Natera maintains a strong intellectual property portfolio with over 650 issued or pending patents and has published over 350 peer-reviewed studies supporting its test platforms.

Company details
Sector
Health Care
Industry (SIC)
Health Services
Headquarters
AUSTIN, TX
Fiscal year end
December
CIK
1604821
SIC
8071

Financial performance, year by year

Fiscal 2015–2025 · USD
$-873.29M$103.18M$1.08B$2.06B$3.03B20152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Natera, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

684
funds hold it
2 of 35
superinvestors hold it
$14.88B
held by funds, at market
41.1%
of shares held by funds

Superinvestors in Natera, Inc. · what they did last quarter

Stanley DruckenmillerINCREASED +4.0%
Duquesne Family Office
19.9%of 13F portfolio
Polen CapitalINCREASED +28.2%
Polen Capital Management
<0.1%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Natera, Inc.’s weight in each

JPMorgan Large Cap Growth Fund
SEEGX · JPMorgan Trust II
1.24%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.05%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.45%of fund net assets
VANGUARD SMALL-CAP GROWTH INDEX FUND
VBK · VANGUARD INDEX FUNDS
1.04%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.46%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

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