| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net loss | -85,091 | 47,258 | -87,544 | -167,874 |
| Depreciation and amortization | 14,517 | 12,376 | 10,292 | 19,096 |
| Amortization of acquired intangible assets | 5,709 | NaN | NaN | NaN |
| Amortization of premiums and accretion of purchase discounts on investment securities | 0 | 0 | 13 | 19 |
| Amortization of acquired intangible assets | NaN | 1,720 | NaN | NaN |
| Non-cash settlement expense | 1,226 | NaN | NaN | NaN |
| Non-cash lease expense | 5,931 | 5,447 | 5,403 | 9,348 |
| Stock-based compensation | 95,107 | 92,582 | 90,637 | 171,185 |
| Change in fair value of warrants and preferred stock of related party equity investment | -166 | 0 | 0 | -3,235 |
| Revaluation of contingent consideration | 6,120 | NaN | NaN | NaN |
| Foreign exchange adjustment | -258 | 32 | -17 | -32 |
| Non-cash interest expense | -18 | -19 | 4 | -24 |
| Non-cash expense recovery | 596 | 361 | 362 | 722 |
| Accounts receivable | 121,067 | 7,034 | -22,845 | -4,941 |
| Inventory | 2,278 | 971 | 10,372 | 9,528 |
| Operating lease right-of-use assets | 255 | 4,141 | 88 | NaN |
| Prepaid expenses and other assets | 17,064 | -348 | 2,387 | 6,595 |
| Accounts payable | 21,880 | -11,593 | 5,367 | 6,979 |
| Accrued compensation | 98,233 | 12,069 | 22,413 | 25,787 |
| Deferred tax liability | NaN | 60,800 | NaN | NaN |
| Operating lease liabilities | -5,852 | -5,506 | -4,938 | -9,307 |
| Other accrued liabilities | 12,105 | -16,852 | 7,733 | 40,464 |
| Deferred revenue | 11,882 | 1,115 | 178 | 1,460 |
| Other long-term liabilities | -920 | NaN | NaN | NaN |
| Net cash provided by operating activities | 40,171 | 73,888 | 59,387 | 82,026 |
| Proceeds from maturity of investments | 0 | 1,000 | 15,000 | 7,000 |
| Purchases of property and equipment, net | 22,137 | 36,071 | 22,405 | 47,712 |
| Purchase of intangible assets, net | NaN | 20,500 | 12,500 | NaN |
| Cash paid for business combination, net | NaN | 16,021 | NaN | NaN |
| Investment in related party | 10,000 | NaN | NaN | NaN |
| Net cash used in investing activities | -32,137 | -71,592 | -19,905 | -40,712 |
| Proceeds from issuance of common stock under employee stock purchase plan | NaN | 12,801 | 0 | 12,236 |
| Proceeds from exercise of stock options | 3,863 | 19,717 | 1,935 | 884 |
| Stock issuance costs | 105 | 112 | NaN | NaN |
| Net cash provided by financing activities | 3,758 | 32,406 | 1,935 | 13,120 |
| Net change in cash, cash equivalents and restricted cash | 11,792 | 34,702 | 41,417 | 54,434 |
| Cash, cash equivalents and restricted cash, beginning of period | 1,076,140 | 1,041,438 | 945,587 | NaN |
| Cash, cash equivalents and restricted cash, end of period | 1,087,932 | 1,076,140 | 1,041,438 | NaN |
Natera, Inc. (NTRA)
Natera, Inc. (NTRA)