Natera, Inc. (NTRA) quarterly cash flow statement — complete operating, investing & financing history
Natera, Inc. (NTRA) cash flow statement — 14-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 54.79M | 40.17M | 73.89M | 59.39M | 37.57M | 44.45M | 52.89M | 51.79M | 3.99M | 27M | -58.13M | -29.7M | -78.54M | -81.11M | -81.13M | -102.25M | -110.85M | -137.28M | -98.74M | -91.06M |
| Operating CF Margin % | 7.28% | 5.77% | 11.1% | 10.03% | 6.87% | 8.86% | 11.11% | 11.78% | 0.97% | 7.34% | -18.68% | -11.07% | -30.05% | -33.55% | -37.34% | -48.54% | -55.93% | -70.71% | -57.06% | -57.59% |
| Operating CF Growth % | 45.83% | -9.63% | 39.71% | 14.68% | 841.7% | 64.63% | 190.99% | 274.37% | 105.08% | 133.29% | 28.35% | 70.95% | 29.14% | 40.92% | 17.83% | -12.29% | -57.09% | -83.34% | -34.7% | -174.86% |
| Net Income | -66.97M | -85.09M | 47.26M | -87.54M | -100.94M | -66.94M | -53.77M | -31.59M | -37.46M | -67.6M | -78.03M | -109.03M | -110.8M | -136.94M | -142.57M | -121.48M | -145.15M | -138.59M | -140.56M | -151.27M |
| Depreciation & Amortization | 21.19M | 20.23M | 14.1M | 10.29M | 9.86M | 9.24M | 7.79M | 8.2M | 7.92M | 7.06M | 6.91M | 6.99M | 5.12M | 5.08M | 3.93M | 5.14M | 4.49M | 6.31M | 3M | 3M |
| Stock-Based Compensation | 103.1M | 95.11M | 92.58M | 90.64M | 93.36M | 77.83M | 71.93M | 70.64M | 67.41M | 64.45M | 48.91M | 57.59M | 44.31M | 40.48M | 35.99M | 40.34M | 40.97M | 0 | 30.42M | 26.46M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.34M | 12.76M | 5.04M | 5.08M | 4.5M | 923K | 4.07M | 6.81M | 3.85M | 3.82M | 2.96M | 4.38M | 4.65M | 7.91M | 13.9M | 5.04M | 5.3M | 37.56M | 4.57M | 41M |
| Working Capital Changes | -3.86M | -2.83M | -85.08M | 40.93M | 30.8M | 23.4M | 22.87M | -2.28M | -37.72M | 19.27M | -38.88M | 10.38M | -21.83M | 2.37M | 7.63M | -31.29M | -16.46M | -42.55M | 3.85M | -10.25M |
| Change in Receivables | -4.37M | -121.07M | -7.03M | 22.84M | 9.01M | -4.07M | -7.29M | 29.06M | -47.19M | -10.46M | -23.14M | 4.92M | -13.28M | -2.4M | -7.18M | -28.05M | -40.45M | -46.12M | -11.12M | -10.6M |
| Change in Inventory | -9.63M | -2.28M | -971K | -10.37M | -3.9M | -5.62M | 3.98M | -7.74M | 2.04M | -2.27M | 1.32M | 612K | -2M | -5.28M | 5.12M | -9.96M | -5.42M | 1.73M | 1.21M | 274K |
| Change in Payables | 13.74M | 21.88M | -11.59M | 5.37M | 4.6M | 2.38M | 2.37M | -5.83M | 5.94M | 10.73M | -6.51M | 67K | -14.78M | 5.76M | -2.9M | 5.88M | 10.05M | -7.56M | 19.04M | -12.13M |
| Cash from Investing | -63.43M | -32.14M | -71.59M | -19.91M | -23.9M | -16.82M | -11.12M | 42.54M | -32.05M | 138.25M | 24.66M | 81.29M | 47.19M | 15.87M | 21.92M | 66.6M | 34.79M | 207.03M | 79.5M | -431.41M |
| Capital Expenditures | -63.43M | -22.14M | -56.57M | -22.41M | -25.9M | -21.82M | -18.12M | -16.31M | -11.68M | -20.32M | -9.53M | -8.96M | -8.81M | -11.38M | -11.83M | -12.21M | -7.78M | -15.88M | -9M | -13.14M |
| CapEx % of Revenue | 8.43% | 3.18% | 8.5% | 3.78% | 4.74% | 4.35% | 3.81% | 3.71% | 2.83% | 5.52% | 3.06% | 3.34% | 3.37% | 4.71% | 5.44% | 5.8% | 3.92% | 8.18% | 5.2% | 8.31% |
| Acquisitions | 0 | 0 | -16.02M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -10M | 0 | 0 | -12.5M | 0 | 0 | 0 | 0 | -72.81M | -10.49M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4.29M | -4.27M |
| Cash from Financing | 12.21M | 3.76M | 32.41M | 1.94M | 12.58M | 544K | 10.97M | 1.72M | 11.04M | 6.47M | 6.84M | 236M | 9.31M | 2.3M | 468.17M | 1.39M | 8.92M | 4.16M | 8.52M | 554.76M |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -82K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30M | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 17.3M | 3.76M | 32.41M | 1.94M | 12.58M | 544K | 11.06M | 1.72M | 11.04M | 6.47M | 6.84M | 0 | 0 | 0 | 438.17M | 1.39M | 8.92M | 4.16M | 8.52M | 554.76M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -5.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 236M | 9.31M | 2.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Change in Cash | 3.57M | 11.79M | 34.7M | 41.42M | 26.25M | 28.18M | 52.74M | 96.05M | -17.02M | 171.72M | -26.61M | 287.6M | -22.04M | -62.94M | 408.96M | -34.26M | -67.14M | 73.91M | -10.72M | 32.29M |
| Free Cash Flow | -8.64M | 18.03M | 37.82M | 24.48M | 11.68M | 22.64M | 34.77M | 35.47M | -7.69M | 6.69M | -67.66M | -38.66M | -87.35M | -92.49M | -92.95M | -114.46M | -118.63M | -153.16M | -107.74M | -104.2M |
| FCF Margin % | -1.15% | 2.59% | 5.68% | 4.13% | 2.14% | 4.51% | 7.3% | 8.07% | -1.86% | 1.82% | -21.75% | -14.41% | -33.42% | -38.26% | -42.79% | -54.34% | -59.85% | -78.9% | -62.27% | -65.9% |
| FCF Growth % | -173.96% | -20.33% | 8.77% | -30.99% | 251.89% | 238.57% | 151.39% | 191.77% | 91.2% | 107.23% | 27.21% | 66.23% | 26.36% | 39.61% | 13.72% | -9.85% | -49.79% | -79.9% | -33.29% | -197.09% |
| FCF per Share | -0.06 | 0.13 | 0.28 | 0.18 | 0.09 | 0.17 | 0.28 | 0.29 | -0.06 | 0.06 | -0.57 | -0.34 | -0.77 | -0.83 | -0.94 | -1.18 | -1.23 | -1.60 | -1.16 | -1.13 |
| FCF Conversion (FCF/Net Income) | -0.82x | -0.47x | 1.56x | -0.68x | -0.37x | -0.66x | -0.98x | -1.64x | -0.11x | -0.40x | 0.74x | 0.27x | 0.71x | 0.59x | 0.57x | 0.84x | 0.76x | 0.99x | 0.70x | 0.60x |
| Interest Paid | 0 | 0 | 0 | 1.04M | 0 | 0 | 1.11M | 0 | 0 | 0 | 0 | 1.31M | 4.47M | 1.12M | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |