Natera, Inc. (NTRA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: December 05, 2025

Risk Assessment Details

Potential Dilution: 1.45% of current shares
Recent Dilution: 9.56% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
130M
Potential Supply
2M
Additional shares possible
Splits
None
Past 2 years

Summary

NTRA currently has 135M outstanding shares. with limited dilution risk as only 1.95M additional shares (1.4%) are authorized for issuance. The company has minimally diluted shareholders by 9.56% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Dec 05, 2025

S-3 filing: This prospectus relates to the potential resale from time to time of up to an aggregate of 1,952,565 shares of common stock of Natera, Inc. by the selling stockholders identified in this prospectus.

130M 2M
Dec 05, 2025

8-K filing: Natera, Inc. acquired Foresight Diagnostics Inc. and issued 1,127,982 shares of common stock as consideration, with a potential for an additional 824,583 shares to be issued in the future based on certain milestones and adjustments.

130M 0
May 09, 2025

10-Q filing | 134.8M shares outstanding

130M 0
Feb 28, 2025

10-K filing | 124.7M shares outstanding

120M 0
Nov 12, 2024

10-Q filing | 123.8M shares outstanding

120M 0
Aug 09, 2024

10-Q filing | 122.9M shares outstanding

120M 0
May 10, 2024

10-Q filing | 120.8M shares outstanding

120M 0
Feb 29, 2024

10-K filing | 115.0M shares outstanding

110M 0
Nov 09, 2023

10-Q filing | 115.2M shares outstanding

120M 0
Sep 07, 2023

8-K filing: Natera, Inc. has entered into an underwriting agreement to offer and sell 4,550,000 shares of common stock at a price of $55.00 per share, with an option for the underwriters to purchase up to 682,500 additional shares. ($506.2M proceeds)

110M 0
Aug 04, 2023

10-Q filing | 113.7M shares outstanding

110M 0
May 10, 2023

10-Q filing | 111.8M shares outstanding

110M 0
Mar 01, 2023

10-K filing | 111.3M shares outstanding

110M 0
Nov 16, 2022

8-K filing: Natera, Inc. announced an offering of 11,430,000 shares of common stock at a price of $35.00 per share, with an option for underwriters to purchase an additional 1,714,500 shares. ($400.05M proceeds)

97M 0
Nov 09, 2022

10-Q filing | 97.1M shares outstanding

97M 0
Aug 05, 2022

10-Q filing | 96.6M shares outstanding

97M 0
May 06, 2022

10-Q filing | 95.6M shares outstanding

96M 0
Feb 25, 2022

10-K filing | 90.6M shares outstanding

91M 0
Nov 05, 2021

10-Q filing | 94.5M shares outstanding

95M 0
Aug 06, 2021

10-Q filing | 88.5M shares outstanding

88M 0
Jul 22, 2021

8-K filing: Natera, Inc. entered into an underwriting agreement to offer and sell 4,500,000 shares of common stock at a price of $113.00 per share, with an option for the underwriters to purchase an additional 675,000 shares. The offering is expected to close on July 26, 2021. ($508.5M proceeds)

87M 0
May 07, 2021

10-Q filing | 87.4M shares outstanding

87M 0
Feb 26, 2021

10-K filing | 86.2M shares outstanding

86M 0
Nov 06, 2020

10-Q filing | 85.3M shares outstanding

85M 0
Sep 11, 2020

8-K filing: Natera, Inc. announced the offering of 4,166,666 shares of common stock at a price of $60.00 per share, with the underwriters having an option to purchase up to 624,999 additional shares, with expected net proceeds of approximately $235.3 million, or approximately $270.6 million if the Underwriters exercise in full their option. ($250.0M proceeds)

80M 0
Aug 07, 2020

10-Q filing | 79.7M shares outstanding

80M 0
May 08, 2020

10-Q filing | 78.7M shares outstanding

79M 0
Apr 16, 2020

8-K filing: Natera, Inc. sold $287.5 million aggregate principal amount of 2.25% Convertible Senior Notes due 2027 in a private placement, with a maximum of 9,634,700 shares of common stock potentially issuable upon conversion.

N/A 0
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