Natera (NTRA) Q3 FY2026 earnings: revenue $794 million, up 34.1% on the year
Natera, Inc. (NTRA) reported revenue of $794 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.1% on the same quarter a year earlier. Net income was -$60 million, and diluted earnings per share $-0.42. The figures are the company's own, from the 10-Q it filed with the SEC on 5 November 2026.
Revenue
$794 million
+34.1% on the year · +5.5% on the quarter
Q4 FY2024Q3 FY2026
Operating margin
-8.6%
-16.5% a year earlier
Q4 FY2024Q3 FY2026
Net income
-$60 million
Q4 FY2024Q3 FY2026
Diluted EPS
-$0.42
Q4 FY2024Q3 FY2026
this quarterthe same quarter a year earlierHover a bar for its figure.
What management said
Guidance figures: 3 raised, 1 kept.
Revenue rose 34.1% year over year: Total revenues were $794.0 million, compared with $592.2 million a year earlier, up 34.1%. Management attributed the increase to higher volume and average selling price improvements.
Oncology tests grew 60.9%: Oncology tests processed were about 339,500, compared with about 211,000 a year earlier, an increase of 60.9%.
Clinical MRD units grew sequentially: Clinical molecular residual disease oncology units increased by 32,700 over the second quarter of 2026.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Operating cash flow
43.9
54.8
59.4
-19.8%
-26.0%
Capital expenditure
38.7
63.4
22.4
-39.0%
+72.6%
Free cash flow
5.3
-8.6
37.0
-85.8%
Free cash flow margin
0.7%
-1.1%
6.2%
Cash from investing
-38.9
-63.4
-19.9
Cash from financing
0.7
12.2
1.9
-94.4%
-64.7%
Depreciation and amortisation
20.4
18.8
9.3
+8.5%
+119.4%
Share-based compensation
106
103
90.6
+2.9%
+17.1%
Diluted shares, weighted
144m
143m
137m
+0.5%
+5.0%
Shares outstanding at period end
144m
144m
138m
+0.5%
+5.0%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q3 FY2026
Q2 FY2026
Q3 FY2025
On the quarter
On the year
Last 8 quarters
Shareholders' equity
1,870
1,821
1,252
+2.6%
+49.3%
Debt
80.3
80.3
80.3
+0.0%
-0.1%
Operating lease liabilities
143
143
104
-0.3%
+36.6%
Other liabilities
656
613
385
+7.1%
+70.6%
Total liabilities and equity
2,748
2,657
1,821
+3.4%
+50.9%
Fixed assets
354
318
206
+11.5%
+71.4%
Goodwill
141
141
n/a
0.0%
Intangible assets
353
360
n/a
-2.0%
Investments
n/a
n/a
1.0
Securities held for sale or to maturity
n/a
1,092
n/a
Cash and equivalents
1,097
1,092
1,041
+0.5%
+5.4%
Receivables
471
422
286
+11.7%
+64.6%
Inventory
91.7
80.3
64.6
+14.1%
+41.9%
Other assets
240
n/a
222
+8.4%
Total assets
2,748
2,657
1,821
+3.4%
+50.9%
Questions
What was Natera's revenue in Q3 FY2026?
Natera (NTRA) reported revenue of $794 million for Q3 FY2026, the quarter ended 30 September 2026, up 34.1% on the same quarter a year earlier.
How much did Natera earn in Q3 FY2026?
Net loss for Q3 FY2026 was $60 million, and the diluted loss per share $0.42.
When did Natera report Q3 FY2026 results?
Natera filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 5 November 2026.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2026, filed 5 November 2026: the filing.