Filing Flows › Natera (NTRA) › How it makes money
How Natera (NTRA) makes money
Natera (NTRA) made $794M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Product revenues brought in $790M (99%); Licensing and other revenues brought in $4.0M (1%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Product revenues | $790M | 99.5% | +6% | +34% |
| Licensing and other revenues | $4.0M | 0.5% | -17% | +101% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $794M | 100.0% |
| Income tax | $299K | 0.0% |
| Operating cash flow | $43.9M | 5.5% |
| Free cash flow | $5.3M | 0.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $794M | +34% |
| Q2 2026 | $753M | +38% |
| Q1 2026 | $697M | +39% |
| Q4 2025 | $665M | +40% |
| Q3 2025 | $592M | +35% |
| Q2 2025 | $547M | +32% |
| Q1 2025 | $502M | +36% |
From Natera's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Natera make money?
Natera (NTRA) made $794M of revenue in the third quarter 2026 (Q3 2026), +34% from a year earlier. Product revenues brought in $790M (99%); Licensing and other revenues brought in $4.0M (1%).
What is Natera's biggest business?
Product revenues: $790M in the third quarter 2026, 99% of revenue, +34% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.