Natera, Inc. (NTRA)

From the record

Natera, Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Natera, Inc.'s 10 filed years say what it did: revenue went from $213 million in fiscal 2016 to $2.3 billion in fiscal 2025, up 30.3% a year; it rose in 8 of 9 years; the deepest fall was 1% from fiscal 2016 to fiscal 2017; net income was positive in 0 of 10 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Natera, Inc.'s diluted share count grew about 11.6% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 538 sales (510 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Natera, Inc. lost about 12 cents for every dollar of shareholders' money. Leverage: it owed about 29 cents per dollar of assets, and net share issuance: its share count grew 9.6% over the year (the filed statements).

From the record

Natera, Inc.'s standing among 24 graded names in its industry family: revenue of $2.3 billion in fiscal 2025 ranks in the top 11% by size; a net margin of -9% ranks in the top 44%; revenue growth of 41.1% a year over the last 3 filed years ranks in the top 15% (its annual reports).

From the record

Natera, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Chapman, Steven Leonard (CEO AND PRESIDENT, as filed), filing under that title since 2019-03-25, 7.6 years (top 15% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 7.8 years (top 17%); 9 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (bottom 30%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Natera, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.1 billion against no long-term debt tagged leaves 44.9% of its assets as net cash, top 13% of its family; cash from operations less capital spending is 4.7% of revenue (top 35%); research spending of 27.1% of revenue (top 42%) (its annual report).

From the record

Natera, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 41.1% a year over the last three filed years against 30.3% over all 10, speeding up (top 2% of its family); the newest year grew 35.9% (top 15%); research spending grew 25.4% a year (top 14%); capital spending grew 30.6% a year (top 17%) (its annual reports). Natera, Inc. reported 2 product lines in fiscal 2025: Product at $2.3 billion (100%), Licensing and Other at $10 million (0%); 1 of 2 grew against the year before (its annual report).

From the record

Natera, Inc.'s newest year against its own record: revenue of $2.3 billion in fiscal 2025 came in 5.5% below the $2.4 billion its prior three years' pace pointed to (bottom 43% of its family); net income of $208 million against a prior three-year average of $391 million (top 22%); a net margin of -9% against -39.4% before (top 37%) (its annual reports).