Natera reported strong first quarter 2025 results with significant growth in total revenue and product revenue, driven by increased test volume and improved average selling prices. The company also saw an increase in gross profit and managed its net loss.
Total revenues increased by 36.5% to $501.8 million in Q1 2025 compared to $367.7 million in Q1 2024.
Product revenues grew by 37.1% to $500.0 million in Q1 2025, up from $364.7 million in the prior year period.
Gross profit rose to $316.8 million in Q1 2025, resulting in a gross margin of 63.1%.
Net loss for Q1 2025 was $66.9 million, or ($0.50) per diluted share, compared to a net loss of $67.6 million, or ($0.56) per diluted share, in Q1 2024.
Natera provided its financial outlook for the full year 2025, anticipating strong revenue growth, continued favorable gross margins, and positive net cash inflow.
Visualization of income flow from segment revenue to net income