Filing Flows › Natera (NTRA) › Q3 2026
Natera (NTRA) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Natera (NTRA) reported revenue of $794M for the third quarter 2026 (Q3 2026), +34% from a year earlier and +5% from the quarter before. Operating margin was -8.6%, net loss $59.9M (7.5% of revenue).
Natera, Q3 2026: revenue $794M (+34% year over year), operating margin -8.6%, net loss $59.9M, operating cash flow $43.9M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $794M | +5% | +34% |
| Operating profit | −$68.3M | — | — |
| Net earnings | −$59.9M | — | — |
| Operating cash flow | $43.9M | -20% | -26% |
| Free cash flow | $5.3M | — | -86% |
What changed
Revenue was $794.0M in Q3 2026, up 34% year over year and up 5% from the previous quarter. Product revenues was the largest line at 99% of revenue. Product revenues added $199.8M year over year (up 34%), 99% of the total change.
Operating costs exceeded revenue by $68.3M, an operating margin of -8.6%. Total costs grew 25% against revenue growth of 34%. The fastest-growing cost line was Research & development (+40%). The quarter ended with a net loss of $59.9M, narrower than the previous quarter's $67.0M loss.
Operating cash flow was $43.9M (down 26% year over year). Non-cash charges added back $16.3M of depreciation and amortization and $106.1M of share-based compensation. Working capital and other items used $18.5M. Capital expenditures of $38.7M left free cash flow of $5.3M.
Questions
What was Natera's revenue in the third quarter 2026?
Natera (NTRA) reported revenue of $794M for the third quarter 2026 (Q3 2026), +34% from a year earlier and +5% from the quarter before.
Was Natera profitable in the third quarter 2026?
Operating loss was $68.3M (-8.6% of revenue) and net loss $59.9M.
Source: Natera 10-Q on SEC EDGAR.