SEC filings · customer concentration · NTRA

Natera's major customers

Medicare accounted for 14% of Natera's revenue in FY 2025, about the same as 12% a year earlier.

1major customers now
14%of revenue from them
0listed suppliers depending on it
2013–2026years covered
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Major customers of Natera

Customers that Natera named in its annual report as 10% or more of revenue. A missing year means the customer was below that line or not named.

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Medicare14%from 12%FY 2021: 5%FY 2022: 11%FY 2023: 13%FY 2024: 12%FY 2025: 14%5 yearsFY 2025 · filed 27 Feb 2026

Formerly disclosed

CustomerShare of revenueChange vs prior yearHistoryLatest filing
Quest16%last FY 2013FY 2013: 16%1 yearFY 2013 · filed 24 Mar 2016
Progenity12%last FY 2013FY 2013: 12%1 yearFY 2013 · filed 24 Mar 2016

Suppliers that depend on Natera

Listed companies whose annual report names Natera as a customer worth 10% or more of their revenue. If Natera cuts orders or switches supplier, these are the companies that feel it.

Formerly disclosed

SupplierIts revenue from this companyChange vs prior yearHistoryLatest filing
PersonalisPSNL30%last FY 2024FY 2021: 10%FY 2022: 41%FY 2023: 43%FY 2024: 30%4 yearsFY 2024 · filed 26 Feb 2026

About this data

US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.

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