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Natera (NTRA) R&D spending by quarter

Natera's R&D spending was $242M in Q3 2026 (third quarter 2026), +6% from Q2 2026. Over the last 7 quarters it ranged from $129M (Q1 2025) to $242M (Q3 2026).

Natera R&D spending by quarterNatera R&D spending by quarter$129MQ1 2025$146MQ2 2025$173MQ3 2025$175MQ4 2025$211MQ1 2026$228MQ2 2026$242MQ3 2026
QuarterR&D spendingQ/QY/Y
Q3 2026$242M+6%+40%
Q2 2026$228M+8%+56%
Q1 2026$211M+20%+63%
Q4 2025$175M+1%—
Q3 2025$173M+18%—
Q2 2025$146M+13%—
Q1 2025$129M——

Q3 2026 at a glance

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.

Questions

What is Natera's R&D spending?

Natera's R&D spending was $242M in Q3 2026 (third quarter 2026), +6% from Q2 2026.

How has Natera's R&D spending changed?

Over the last 7 quarters it ranged from $129M (Q1 2025) to $242M (Q3 2026).

Q3 2026 results → · How Natera makes money →