Natera Q4 prelim revenue beats on oncology tests boost

Overview

• Cell-free DNA leader's preliminary Q4 revenue rose 39%, beating analyst expectations

• Company processed 55% more oncology tests in Q4 2025 compared to Q4 2024

Outlook

• Natera expects 2025 revenues to increase by 35% compared to 2024

• Company projects 2025 revenue to exceed previous forecast by $40 mln

• Natera plans to present additional business updates at J.P. Morgan Conference

Result Drivers

• ONCOLOGY TESTING - Significant growth in oncology tests, particularly MRD tests, drove Q4 results with a 55% increase in processed tests compared to Q4 2024

• RECORD TEST VOLUME - Company processed a record number of clinical MRD tests in Q4 2025, despite fewer days to receive samples

• REVENUE GROWTH - Total revenue increased by 39% in Q4 2025 compared to Q4 2024, driven by higher test volumes

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the healthcare facilities & services peer group is "buy"

• Wall Street's median 12-month price target for Natera Inc is $257.50, about 9.9% above its January 9 closing price of $234.31

Press Release: ID:nBw9L7Qr3a

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