Filing Flows › Natera (NTRA) › Q3 2026 › vs Q2 2026
Natera (NTRA) Q3 2026 vs Q2 2026 (quarter over quarter)
Natera's revenue rose $41.2M (+5%) from $753M in Q2 2026 to $794M in Q3 2026. The biggest changes: Product revenues +$42.1M (+6%); Licensing and other revenues −$821K (-17%).
Natera, Q3 2026: revenue $794M (+34% year over year), operating margin -8.6%, net loss $59.9M, operating cash flow $43.9M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 0.7% | -1.1% | +1.8 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product revenues | $790M | $748M | $42.1M | +6% |
| Licensing and other revenues | $4.0M | $4.8M | −$821K | -17% |
| Revenue | $794M | $753M | $41.2M | +5% |
| Other income, net | $8.7M | $8.6M | $147K | +2% |
| Net loss | $59.9M | $67.0M | −$7.1M | -11% |
| Costs & expenses | $863M | $829M | $34.1M | +4% |
| Operating costs | $862M | $829M | $33.8M | +4% |
| Income tax | $299K | −$261K | $560K | — |
| Research & development | $242M | $228M | $14.4M | +6% |
| SG&A | $334M | $327M | $6.5M | +2% |
| Other operating costs | $286M | $273M | $12.9M | +5% |
| Operating cash sources | $122M | $119M | $3.8M | +3% |
| Depreciation & amortization | $16.3M | $15.5M | $778K | +5% |
| Share-based compensation | $106M | $103M | $3.0M | +3% |
| Net loss absorbed | $59.9M | $67.0M | −$7.1M | -11% |
| Working capital & other | $18.5M | −$3.2M | $21.7M | — |
| Operating cash flow | $43.9M | $54.8M | −$10.9M | -20% |
| Free cash flow (OCF − capex) | $5.3M | −$8.6M | $13.9M | — |
| Capital expenditures | $38.7M | $63.4M | −$24.8M | -39% |
Questions
How much did Natera's revenue grow quarter over quarter in Q3 2026?
Natera's revenue rose $41.2M (+5%) from $753M in Q2 2026 to $794M in Q3 2026.
What drove Natera's revenue change in Q3 2026?
Product revenues +$42.1M (+6%); Licensing and other revenues −$821K (-17%).