Logo
  • Home
  • AI Agent
  • Annotations
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

NTRA US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Natera, Inc.(NTRA US)

$321.00-1.950.60%(Market Open · 20:24:34 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings
Logo
  • Home
  • AI Agent
  • Annotations
  • Files
  • Pricing and plans
  • BlogAboutContact us
    APIMCP
    Terms of servicePrivacy policy
  • Get the full experience

    We save the real magic for signed-in users.

NTRA US​
HomeStock ScreenerDocument SearchChartingWatchlistsRecent Filings

Natera, Inc.(NTRA US)

$321.00-1.950.60%(Market Open · 20:24:34 UTC)
Ask AI
Doc SearchProfileEntity StructureFinancialsChartingShort InterestEmployees

Overview

ProfileEntity Structure

Documents

SEC Filings

Financials & Metrics

FinancialsChartingShort InterestEmployees

Financials & Metrics

FinancialsChartingShort InterestEmployees

Natera, Inc. — Company Profile

Natera, Inc. is a diagnostics company focused on developing and commercializing a wide array of molecular testing services globally. Its portfolio includes several key offerings: Panorama, a non-invasive prenatal test (NIPT) that screens for chromosomal abnormalities in a fetus using a blood sample from the mother, and also determines zygosity in twin pregnancies. Vistara, designed to identify single-gene disorders by screening for specific single-gene mutations. Horizon, a comprehensive carrier screening test to determine an individual's carrier status for various genetic diseases. Spectrum, utilized during in vitro fertilization (IVF) cycles to detect chromosomal anomalies or inherited genetic conditions. Anora, a miscarriage analysis product that examines fetal chromosomes to help understand the cause of pregnancy loss. Non-invasive paternity testing, which establishes paternity during gestation using blood samples from both the pregnant mother and the alleged father. Beyond reproductive health, Natera also provides specialized tests: Signatera, a sophisticated circulating tumor DNA (ctDNA) technology capable of screening for a generic set of mutations, independent of the individual's specific tumor characteristics. Prospera, a test used to assess and monitor organ transplant rejection. Additionally, the company offers Constellation, a cloud-based software platform that provides laboratory clients with access to Natera's proprietary algorithms and bioinformatics, enabling them to validate and launch their own tests. Natera distributes its products through a direct sales team and an extensive network of approximately 100 laboratory and distribution partners. The company has strategic partnerships, including one with BGI Genomics Co., Ltd. for the development, manufacturing, and commercialization of NGS-based genetic testing assays, and another with Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. Founded in 2003, Natera, Inc. is headquartered in Austin, Texas. It was formerly known as Gene Security Network, Inc. before changing its name in 2012.

Sector
Health Care
Industry
Health Care Equipment & Supplies
Exchange
UQ
CEO
Steven Leonard Chapman
Headquarters
Austin, TX, US
IPO Date
Jul 1, 2015
Employees
6,138
Website
www.natera.com

Key Metrics

Price
$410.35
Market Cap
$58.77B
Revenue (TTM)
$696.64M
Net Income (TTM)

Natera, Inc. — Company Profile

Natera, Inc. is a diagnostics company focused on developing and commercializing a wide array of molecular testing services globally. Its portfolio includes several key offerings: Panorama, a non-invasive prenatal test (NIPT) that screens for chromosomal abnormalities in a fetus using a blood sample from the mother, and also determines zygosity in twin pregnancies. Vistara, designed to identify single-gene disorders by screening for specific single-gene mutations. Horizon, a comprehensive carrier screening test to determine an individual's carrier status for various genetic diseases. Spectrum, utilized during in vitro fertilization (IVF) cycles to detect chromosomal anomalies or inherited genetic conditions. Anora, a miscarriage analysis product that examines fetal chromosomes to help understand the cause of pregnancy loss. Non-invasive paternity testing, which establishes paternity during gestation using blood samples from both the pregnant mother and the alleged father. Beyond reproductive health, Natera also provides specialized tests: Signatera, a sophisticated circulating tumor DNA (ctDNA) technology capable of screening for a generic set of mutations, independent of the individual's specific tumor characteristics. Prospera, a test used to assess and monitor organ transplant rejection. Additionally, the company offers Constellation, a cloud-based software platform that provides laboratory clients with access to Natera's proprietary algorithms and bioinformatics, enabling them to validate and launch their own tests. Natera distributes its products through a direct sales team and an extensive network of approximately 100 laboratory and distribution partners. The company has strategic partnerships, including one with BGI Genomics Co., Ltd. for the development, manufacturing, and commercialization of NGS-based genetic testing assays, and another with Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. Founded in 2003, Natera, Inc. is headquartered in Austin, Texas. It was formerly known as Gene Security Network, Inc. before changing its name in 2012.

Sector
Health Care
Industry
Health Care Equipment & Supplies
Exchange
UQ
CEO
Steven Leonard Chapman
Headquarters
Austin, TX, US
IPO Date
Jul 1, 2015
Employees
6,138
Website
www.natera.com

Key Metrics

Price
$410.35
Market Cap
$58.77B
Revenue (TTM)
$696.64M
Net Income (TTM)
$-85091000.00
EPS (TTM)
-0.60
P/E (TTM)
-259.67
P/B (TTM)
33.13
Dividend Yield
0.00%
ROE (TTM)
-4.80%
ROA (TTM)
-3.25%
Operating Margin
-13.42%
Beta
1.04

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Natera, Inc. is a diagnostics company focused on developing and commercializing a wide array of molecular testing services globally. Its portfolio includes several key offerings: Panorama, a non-invasive prenatal test (NIPT) that screens for chromosomal abnormalities in a fetus using a blood sample from the mother, and also determines zygosity in twin pregnancies. Vistara, designed to identify single-gene disorders by screening for specific single-gene mutations. Horizon, a comprehensive carrier screening test to determine an individual's carrier status for various genetic diseases. Spectrum, utilized during in vitro fertilization (IVF) cycles to detect chromosomal anomalies or inherited genetic conditions. Anora, a miscarriage analysis product that examines fetal chromosomes to help understand the cause of pregnancy loss. Non-invasive paternity testing, which establishes paternity during gestation using blood samples from both the pregnant mother and the alleged father. Beyond reproductive health, Natera also provides specialized tests: Signatera, a sophisticated circulating tumor DNA (ctDNA) technology capable of screening for a generic set of mutations, independent of the individual's specific tumor characteristics. Prospera, a test used to assess and monitor organ transplant rejection. Additionally, the company offers Constellation, a cloud-based software platform that provides laboratory clients with access to Natera's proprietary algorithms and bioinformatics, enabling them to validate and launch their own tests. Natera distributes its products through a direct sales team and an extensive network of approximately 100 laboratory and distribution partners. The company has strategic partnerships, including one with BGI Genomics Co., Ltd. for the development, manufacturing, and commercialization of NGS-based genetic testing assays, and another with Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. Founded in 2003, Natera, Inc. is headquartered in Austin, Texas. It was formerly known as Gene Security Network, Inc. before changing its name in 2012.

Website
www.natera.com
Location
Austin, TX, US
Phone650 249 9090
Employees6,138
CEOSteven Leonard Chapman
Sector
Health Care
Industry
Health Care Equipment & Supplies
IPO DateJul 1, 2015

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • Form 4Sheena Jonathan10 Nov
  • S-8Registration statement (employee benefit plan)10 Nov
  • S-3ASRAutomatic shelf registration statement (S-3)10 Nov
  • SC 13G/ANatera, Inc.6 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • SC 13GNatera, Inc.5 Nov
  • Form 4Sheena Jonathan4 Nov
  • Form 4Rabinowitz Matthew4 Nov
  • Form 4RABINOWITZ DANIEL4 Nov
  • Form 4Moshkevich Solomon4 Nov
  • Form 4Fesko John4 Nov
  • Form 4Chapman Steven Leonard4 Nov
  • Form 4Brophy Michael Burkes4 Nov
  • Form 144Brophy Michael Burkes3 Nov
  • Form 144Chapman Steven Leonard2 Nov
  • Form 144Sheena Jonathan2 Nov
  • Form 144Rabinowitz Matthew2 Nov
  • Form 144RABINOWITZ DANIEL2 Nov
  • Form 144Moshkevich Solomon2 Nov

News

  • Natera, Inc. (NTRA) Presents at 2026 UBS Global Healthcare Conference Transcript11 Nov
  • Natera, Inc. (NTRA) Presents at 8th Annual Wolfe Research Healthcare Conference Transcript11 Nov
  • Natera Announces Clinical Collaboration with Incyte on Interventional Phase II Study in Colorectal Cancer10 Nov
  • Natera Q3 Earnings Call Highlights $6B Target & Raised 2026 Outlook9 Nov
  • NTRA Q3 Loss Wider Than Expected, Revenues Beat, '26 Sales View Up9 Nov
  • Natera, Inc. $NTRA Stock Holdings Lessened by Candriam S.C.A.9 Nov
  • Natera (NASDAQ:NTRA) Insider Sells $1,401,003.63 in Stock7 Nov
  • Natera (NASDAQ:NTRA) Insider Sells $1,401,003.63 in Stock7 Nov
  • Natera (NASDAQ:NTRA) CEO Sells $1,565,251.80 in Stock7 Nov
  • Natera, Inc. (NTRA) Q3 2026 Earnings Call Transcript7 Nov
  • Natera Stock Plummets After Mixed Q3 Financials6 Nov
  • What Natera (NTRA) Said on Its Q3 Earnings Call6 Nov
  • Allspring Growth Fund Q3 2026 Performers And Detractors6 Nov
  • Alger Concentrated Equity ETF Q3 2026 Portfolio Update6 Nov
  • Natera Announces Leadership Transition5 Nov
  • Natera Reports Third Quarter 2026 Financial Results5 Nov
  • Signatera™ Monitoring During First-Line Immunotherapy Showed ctDNA Clearance is Associated with Long-Term Survival Across Four Metastatic Cancers5 Nov
  • Signatera™ in Head and Neck Cancer: Three New Publications Demonstrate Strong Clinical Performance and Actionability4 Nov
  • Aware Super Pty Ltd as trustee of Aware Super Buys 16,018 Shares of Natera, Inc. $NTRA4 Nov
  • Medicare Expands Coverage for Signatera™ MRD Test in Hepatocellular Carcinoma3 Nov

Mentions in Filings

  • … Oct-25 Jan-26 Apr-26 Jul-26 Personalis Stock Has Been Subject to Significant Volatility, and Transaction at $16.25 Is Well Above Pre-Deal Trading Levels $15.39 (28%) $21.39 $9.57 (55%) Source: FactSet. (1) Index includes <strong>Natera</strong>, Guardant, Caris, Grail, BillionToOne, Adaptive, Veracyte, GeneDx, 10x Genomics, and CareDx. (2) Initial Tempus overture date. Selected Tools / Dx Companies(1) Personalis Distribution of Trading Volume # of shares (in mm) …
    Personalis, Inc.Natera, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • … tock. The Company is required to make payments upon the achievement of certain development and regulatory milestones and pay royalties on certain sales pursuant to the Antion Collaboration and License Agreement as further described in Note 6 to the Annual Report. As of September 30, 2026 and December 31, 2025, the Company’s total equity investment in Antion was zero. Strategic Collaboration Agreement with <strong>Natera</strong> (formerly Foresight Diagnostics)
    Allogene Therapeutics, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • … ordance with ASC 450-20, Loss Contingencies, which was immaterial to its consolidated financial statements. 26 --- Table of Contents False Advertising Disputes In May 2021, the Company also filed a lawsuit against <strong>Natera, Inc.</strong>, or Natera, in the United States District Court for the Northern District of California, wherein the Company alleged that Natera is misleading healthcare providers about the performance of the Company’s new oncology te …
    Guardant Health, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • … ch accounted for 27% and 7% of our revenue for the nine months ended September 30, 2026 and each of the years ended December 31, 2025 and 2024, respectively. We previously derived a significant portion of our revenue from <strong>Natera</strong>, which accounted for 8% and 30% of our revenue for the years ended December 31, 2025 and 2024, respectively. Our top five customers, including Moderna, the VA MVP, Merck and Natera, accounted for 62% and 81% of our revenu …
    Personalis, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • <strong>Natera</strong> Inc. GS&Co. is among the underwriters named as defendants in putative securities class actions in New York Supreme Court, County of New York and the U.S. District Court for the Western District of Texas filed on March 10, 2022 and October 7, 2022, respectively, relating to Natera Inc.’s (Natera) approximately $585 million July 2021 public offering of common stock. In addition to the underwriters, the defendants include Natera and certain o …
    GOLDMAN SACHS GROUP INCNatera, Inc.·10-Q - Quarterly report Q3·Q3 26·2 Nov
  • … radiographic evidence of disease. The primary endpoint of the trial is disease-free survival, with key secondary endpoints, including circulating tumor DNA clearance. We are conducting STELLAR-316 in collaboration with <strong>Natera, Inc.</strong> (Natera) and Merck (known as MSD outside of the U.S. and Canada), with Merck supplying KEYTRUDA QLEX and Natera providing its Signatera™ assay to identify MRD+ patients for trial enrollment. The study is currently enro
    EXELIXIS, INC.Natera, Inc.·10-Q - Quarterly report Q3·Q3 27·29 Oct

Key Stats

Trading

Px/Chg 1D$410.35 / +0.46%
Avg Volume1.44M
Beta1.04
Mkt Cap58.77B
FD Mkt Cap45.51B

Float

Shrs Out/Float143.22M / 136.92M
Short Float0.04%
Days to Cover2.75
Stock Repurchased$0.00

Current Valuation

EV57.92B
EV/EBITDA-258.85
EV/Sales23.16
P/B33.13
P/S23.50
FCF Yield0.03%
ROE-4.80%
ROA-3.25%
Current Ratio2.96

Estimates

P/E-259.67
Est P/E0.00
Est EPS-0.54
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-39.19-9.52-25.27-106.47635.96-690.65
Price / Sales31.606.3610.1511.9545.1684.36
Price / Book Value17.887.3914.3616.9617.5533.13
Price / Free Cash Flow859.40-10.88-38.40292.82794.723,258.75
ENTERPRISE VALUE METRICS
Enterprise Value24,522.65,195.810,787.919,516.929,192.257,920.4
Enterprise Value / Sales30.966.339.9711.5043.8783.14
Enterprise Value / EBITDA526.40-10.25-28.15-131.803,686.82-884.63
Enterprise Value / EBIT-1,109.06-9.67-25.57-109.01-4,725.19-675.85

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue38.6%625.5820.21,082.61,696.92,306.1
Gross Income48.6%307.1364.0492.71,023.21,495.5
EBITDA-16.4%-451.5-507.0-383.3-148.1-220.5
EBIT-13.1%-462.8-537.5-421.9-179.0-264.0
Net Income-18.5%-471.7-547.8-434.8-190.4-208.2
EPS (Diluted)-26.5%-5.21-5.57-3.78-1.53-1.52
BALANCE SHEET
Cash & ST Inv4.2%914.3898.4879.0968.31,076.1
Total Assets19.3%1,236.51,394.51,441.71,660.72,508.0
Total Liabilities8.1%583.2688.7676.4465.3795.6
Total Shareholder Equity27.2%653.3705.7765.31,195.41,712.4
CASH FLOW
Net Operating Cash Flow—-335.2-431.5-247.0135.7215.3
Cap Ex26.8%-41.0-47.7-39.2-66.4-106.2
Free Cash Flow—-376.3-479.2-286.269.2109.1

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)319.08
Basic Shares143.22
Market Cap45,697.0
Diluted Shares144.07
Fully Diluted Shares Outstanding144.07
Fully Diluted Market Cap45,968.9
+Consolidated Debt238.8
−In-the-Money Convertible Debt—
+Capital Leases158.5
+Operating Leases—
−Cash & Equivalents-1,097.2
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value44,838.7

Segment data

Revenue

by Products and services

  • Product100%
  • Licensing And Other0%

Revenue

by Geography

  • United States98%
  • Europe, Middle East, India, And Africa1%
  • Americas, Excluding U.s.0%
  • Asia Pacific And Other0%

Related companies

WuXi AppTec Co., Ltd.

WUXAY US

Labcorp Holdings Inc.

LH US

Guardant Health, Inc.

GH US

WuXi XDC Cayman Inc

2268 HK

Caris Life Sciences, Inc.

CAI US

Sonic Healthcare Ltd / ADR

SKHHY US

GRAIL, Inc.

GRAL US

Joinn Laboratories(China)Co.,Ltd.

603127 CG

RadNet, Inc.

RDNT US

Sotera Health Co

SHC US

Vontier Corp

VNT US

DiaSorin S.p.A.

DSRLF US

$-85091000.00
EPS (TTM)
-0.60
P/E (TTM)
-259.67
P/B (TTM)
33.13
Dividend Yield
0.00%
ROE (TTM)
-4.80%
ROA (TTM)
-3.25%
Operating Margin
-13.42%
Beta
1.04

Dividends

Last Dividend
$0.00
Last Yield
0.00%

Summary

Natera, Inc. is a diagnostics company focused on developing and commercializing a wide array of molecular testing services globally. Its portfolio includes several key offerings: Panorama, a non-invasive prenatal test (NIPT) that screens for chromosomal abnormalities in a fetus using a blood sample from the mother, and also determines zygosity in twin pregnancies. Vistara, designed to identify single-gene disorders by screening for specific single-gene mutations. Horizon, a comprehensive carrier screening test to determine an individual's carrier status for various genetic diseases. Spectrum, utilized during in vitro fertilization (IVF) cycles to detect chromosomal anomalies or inherited genetic conditions. Anora, a miscarriage analysis product that examines fetal chromosomes to help understand the cause of pregnancy loss. Non-invasive paternity testing, which establishes paternity during gestation using blood samples from both the pregnant mother and the alleged father. Beyond reproductive health, Natera also provides specialized tests: Signatera, a sophisticated circulating tumor DNA (ctDNA) technology capable of screening for a generic set of mutations, independent of the individual's specific tumor characteristics. Prospera, a test used to assess and monitor organ transplant rejection. Additionally, the company offers Constellation, a cloud-based software platform that provides laboratory clients with access to Natera's proprietary algorithms and bioinformatics, enabling them to validate and launch their own tests. Natera distributes its products through a direct sales team and an extensive network of approximately 100 laboratory and distribution partners. The company has strategic partnerships, including one with BGI Genomics Co., Ltd. for the development, manufacturing, and commercialization of NGS-based genetic testing assays, and another with Foundation Medicine, Inc. to develop and commercialize personalized circulating tumor DNA monitoring assays. Founded in 2003, Natera, Inc. is headquartered in Austin, Texas. It was formerly known as Gene Security Network, Inc. before changing its name in 2012.

Website
www.natera.com
Location
Austin, TX, US
Phone650 249 9090
Employees6,138
CEOSteven Leonard Chapman
Sector
Health Care
Industry
Health Care Equipment & Supplies
IPO DateJul 1, 2015

Ask AI

Company overview
Business model, segments, and competition.
Peer comparison
Metrics vs closest competitors.
Guidance & outlook
Forward guidance and assumptions.
Bull vs bear case
Upside drivers and key risks.
Valuation snapshot
Multiples vs history and peers.
Competitive moat
Defensibility and market position.
Management track record
Leadership and capital allocation history.
How it makes money
A short diagram of the business model.

Latest Documents

SEC Filings(1.9K)

Expand
  • Form 4Sheena Jonathan10 Nov
  • S-8Registration statement (employee benefit plan)10 Nov
  • S-3ASRAutomatic shelf registration statement (S-3)10 Nov
  • SC 13G/ANatera, Inc.6 Nov
  • 10-QQ3ended 30 Sept 20265 Nov
  • 8-KResults of Operations and Financial Condition5 Nov
  • SC 13GNatera, Inc.5 Nov
  • Form 4Sheena Jonathan4 Nov
  • Form 4Rabinowitz Matthew4 Nov
  • Form 4RABINOWITZ DANIEL4 Nov
  • Form 4Moshkevich Solomon4 Nov
  • Form 4Fesko John4 Nov
  • Form 4Chapman Steven Leonard4 Nov
  • Form 4Brophy Michael Burkes4 Nov
  • Form 144Brophy Michael Burkes3 Nov
  • Form 144Chapman Steven Leonard2 Nov
  • Form 144Sheena Jonathan2 Nov
  • Form 144Rabinowitz Matthew2 Nov
  • Form 144RABINOWITZ DANIEL2 Nov
  • Form 144Moshkevich Solomon2 Nov

News

  • Natera, Inc. (NTRA) Presents at 2026 UBS Global Healthcare Conference Transcript11 Nov
  • Natera, Inc. (NTRA) Presents at 8th Annual Wolfe Research Healthcare Conference Transcript11 Nov
  • Natera Announces Clinical Collaboration with Incyte on Interventional Phase II Study in Colorectal Cancer10 Nov
  • Natera Q3 Earnings Call Highlights $6B Target & Raised 2026 Outlook9 Nov
  • NTRA Q3 Loss Wider Than Expected, Revenues Beat, '26 Sales View Up9 Nov
  • Natera, Inc. $NTRA Stock Holdings Lessened by Candriam S.C.A.9 Nov
  • Natera (NASDAQ:NTRA) Insider Sells $1,401,003.63 in Stock7 Nov
  • Natera (NASDAQ:NTRA) Insider Sells $1,401,003.63 in Stock7 Nov
  • Natera (NASDAQ:NTRA) CEO Sells $1,565,251.80 in Stock7 Nov
  • Natera, Inc. (NTRA) Q3 2026 Earnings Call Transcript7 Nov
  • Natera Stock Plummets After Mixed Q3 Financials6 Nov
  • What Natera (NTRA) Said on Its Q3 Earnings Call6 Nov
  • Allspring Growth Fund Q3 2026 Performers And Detractors6 Nov
  • Alger Concentrated Equity ETF Q3 2026 Portfolio Update6 Nov
  • Natera Announces Leadership Transition5 Nov
  • Natera Reports Third Quarter 2026 Financial Results5 Nov
  • Signatera™ Monitoring During First-Line Immunotherapy Showed ctDNA Clearance is Associated with Long-Term Survival Across Four Metastatic Cancers5 Nov
  • Signatera™ in Head and Neck Cancer: Three New Publications Demonstrate Strong Clinical Performance and Actionability4 Nov
  • Aware Super Pty Ltd as trustee of Aware Super Buys 16,018 Shares of Natera, Inc. $NTRA4 Nov
  • Medicare Expands Coverage for Signatera™ MRD Test in Hepatocellular Carcinoma3 Nov

Mentions in Filings

  • … Oct-25 Jan-26 Apr-26 Jul-26 Personalis Stock Has Been Subject to Significant Volatility, and Transaction at $16.25 Is Well Above Pre-Deal Trading Levels $15.39 (28%) $21.39 $9.57 (55%) Source: FactSet. (1) Index includes <strong>Natera</strong>, Guardant, Caris, Grail, BillionToOne, Adaptive, Veracyte, GeneDx, 10x Genomics, and CareDx. (2) Initial Tempus overture date. Selected Tools / Dx Companies(1) Personalis Distribution of Trading Volume # of shares (in mm) …
    Personalis, Inc.Natera, Inc.·425 - Form 425 - Business combination communication·Q4 26·12 Nov
  • … tock. The Company is required to make payments upon the achievement of certain development and regulatory milestones and pay royalties on certain sales pursuant to the Antion Collaboration and License Agreement as further described in Note 6 to the Annual Report. As of September 30, 2026 and December 31, 2025, the Company’s total equity investment in Antion was zero. Strategic Collaboration Agreement with <strong>Natera</strong> (formerly Foresight Diagnostics)
    Allogene Therapeutics, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • … ordance with ASC 450-20, Loss Contingencies, which was immaterial to its consolidated financial statements. 26 --- Table of Contents False Advertising Disputes In May 2021, the Company also filed a lawsuit against <strong>Natera, Inc.</strong>, or Natera, in the United States District Court for the Northern District of California, wherein the Company alleged that Natera is misleading healthcare providers about the performance of the Company’s new oncology te …
    Guardant Health, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·5 Nov
  • … ch accounted for 27% and 7% of our revenue for the nine months ended September 30, 2026 and each of the years ended December 31, 2025 and 2024, respectively. We previously derived a significant portion of our revenue from <strong>Natera</strong>, which accounted for 8% and 30% of our revenue for the years ended December 31, 2025 and 2024, respectively. Our top five customers, including Moderna, the VA MVP, Merck and Natera, accounted for 62% and 81% of our revenu …
    Personalis, Inc.Natera, Inc.·10-Q - Quarterly report Q3·Q3 26·4 Nov
  • <strong>Natera</strong> Inc. GS&Co. is among the underwriters named as defendants in putative securities class actions in New York Supreme Court, County of New York and the U.S. District Court for the Western District of Texas filed on March 10, 2022 and October 7, 2022, respectively, relating to Natera Inc.’s (Natera) approximately $585 million July 2021 public offering of common stock. In addition to the underwriters, the defendants include Natera and certain o …
    GOLDMAN SACHS GROUP INCNatera, Inc.·10-Q - Quarterly report Q3·Q3 26·2 Nov
  • … radiographic evidence of disease. The primary endpoint of the trial is disease-free survival, with key secondary endpoints, including circulating tumor DNA clearance. We are conducting STELLAR-316 in collaboration with <strong>Natera, Inc.</strong> (Natera) and Merck (known as MSD outside of the U.S. and Canada), with Merck supplying KEYTRUDA QLEX and Natera providing its Signatera™ assay to identify MRD+ patients for trial enrollment. The study is currently enro
    EXELIXIS, INC.Natera, Inc.·10-Q - Quarterly report Q3·Q3 27·29 Oct

Key Stats

Trading

Px/Chg 1D$410.35 / +0.46%
Avg Volume1.44M
Beta1.04
Mkt Cap58.77B
FD Mkt Cap45.51B

Float

Shrs Out/Float143.22M / 136.92M
Short Float0.04%
Days to Cover2.75
Stock Repurchased$0.00

Current Valuation

EV57.92B
EV/EBITDA-258.85
EV/Sales23.16
P/B33.13
P/S23.50
FCF Yield0.03%
ROE-4.80%
ROA-3.25%
Current Ratio2.96

Estimates

P/E-259.67
Est P/E0.00
Est EPS-0.54
Est PEG0.00

Valuation

Metric5Yr AvgMay '23May '24May '25May '26Oct '26
PRICE-BASED RATIOS
Price / Earnings-39.19-9.52-25.27-106.47635.96-690.65
Price / Sales31.606.3610.1511.9545.1684.36
Price / Book Value17.887.3914.3616.9617.5533.13
Price / Free Cash Flow859.40-10.88-38.40292.82794.723,258.75
ENTERPRISE VALUE METRICS
Enterprise Value24,522.65,195.810,787.919,516.929,192.257,920.4
Enterprise Value / Sales30.966.339.9711.5043.8783.14
Enterprise Value / EBITDA526.40-10.25-28.15-131.803,686.82-884.63
Enterprise Value / EBIT-1,109.06-9.67-25.57-109.01-4,725.19-675.85

Financials

Full Financials
Millions USD5Yr CAGR (%)Dec '21Dec '22Dec '23Dec '24Dec '25
INCOME STATEMENT
Revenue38.6%625.5820.21,082.61,696.92,306.1
Gross Income48.6%307.1364.0492.71,023.21,495.5
EBITDA-16.4%-451.5-507.0-383.3-148.1-220.5
EBIT-13.1%-462.8-537.5-421.9-179.0-264.0
Net Income-18.5%-471.7-547.8-434.8-190.4-208.2
EPS (Diluted)-26.5%-5.21-5.57-3.78-1.53-1.52
BALANCE SHEET
Cash & ST Inv4.2%914.3898.4879.0968.31,076.1
Total Assets19.3%1,236.51,394.51,441.71,660.72,508.0
Total Liabilities8.1%583.2688.7676.4465.3795.6
Total Shareholder Equity27.2%653.3705.7765.31,195.41,712.4
CASH FLOW
Net Operating Cash Flow—-335.2-431.5-247.0135.7215.3
Cap Ex26.8%-41.0-47.7-39.2-66.4-106.2
Free Cash Flow—-376.3-479.2-286.269.2109.1

Enterprise Value Bridge

Millions USD13 Nov '26
Price (As of 13 Nov '26)319.08
Basic Shares143.22
Market Cap45,697.0
Diluted Shares144.07
Fully Diluted Shares Outstanding144.07
Fully Diluted Market Cap45,968.9
+Consolidated Debt238.8
−In-the-Money Convertible Debt—
+Capital Leases158.5
+Operating Leases—
−Cash & Equivalents-1,097.2
−Short-term Investments-
+Total Preferred-
−In-the-Money Convertible Preferred—
−Investments in Unconsolidated Subs—
+Non-Controlling Interest-
+Pension Liabilities—
Enterprise Value44,838.7

Segment data

Revenue

by Products and services

  • Product100%
  • Licensing And Other0%

Revenue

by Geography

  • United States98%
  • Europe, Middle East, India, And Africa1%
  • Americas, Excluding U.s.0%
  • Asia Pacific And Other0%

Related companies

WuXi AppTec Co., Ltd.

WUXAY US

Labcorp Holdings Inc.

LH US

Guardant Health, Inc.

GH US

WuXi XDC Cayman Inc

2268 HK

Caris Life Sciences, Inc.

CAI US

Sonic Healthcare Ltd / ADR

SKHHY US

GRAIL, Inc.

GRAL US

Joinn Laboratories(China)Co.,Ltd.

603127 CG

RadNet, Inc.

RDNT US

Sotera Health Co

SHC US

Vontier Corp

VNT US

DiaSorin S.p.A.

DSRLF US