Growth Metrics

Adagio Medical Holdings (ADGM) Operating Expenses (2023 - 2026)

Adagio Medical Holdings (ADGM) reported Operating Expenses of $5.2 million for Q1 2026, down 29.7% year-over-year from $7.4 million in Q1 2025, and up 31.05% on a QoQ basis from $4.0 million in Q4 2025.

Adagio Medical Holdings (ADGM) has 4 years of Operating Expenses data on file, last reported at $5.2 million in Q1 2026.

  • Quarterly Operating Expenses fell 29.7% year-over-year to $5.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $19.6 million (up 3.92% YoY) and the FY2025 annual result came in at $21.9 million, down 65.11% from the prior year.
  • Operating Expenses advanced to $5.2 million in Q1 2026 per ADGM's latest filing, from $4.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $9.1 million in Q3 2023 and bottomed at $4.0 million in Q4 2025.
  • The 4-year median for Operating Expenses is $5.6 million (2023), against an average of $6.2 million.
  • The widest annual swing landed in 2024, when Operating Expenses plunged 50.04%; it then rose 25.54% in 2025.
  • Tracing ADGM's Operating Expenses over 4 years: stood at $5.4 million in 2023, then dropped by 15.78% to $4.6 million in 2024, then decreased by 12.93% to $4.0 million in 2025, then surged by 31.05% to $5.2 million in 2026.
  • Per Business Quant, the three latest ADGM Operating Expenses figures stand at $5.2 million (Q1 2026), $4.0 million (Q4 2025), and $5.7 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Abbott Laboratories 152.82 Bn 146.17 Bn 6.27 Bn 9.82 Bn
2 Stryker 115.07 Bn 112.19 Bn 3.81 Bn 2.87 Bn
3 Medtronic 95.25 Bn 87.08 Bn 5.76 Bn 3.76 Bn
4 Boston Scientific 71.38 Bn 70.17 Bn 3.61 Bn 2.51 Bn
5 Edwards Lifesciences 51.08 Bn 47.41 Bn 1.29 Bn 822.60 Mn
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -668.50 Mn
7 Dexcom 28.84 Bn 27.72 Bn 750.30 Mn 495.00 Mn
8 GE HealthCare Technologies 28.56 Bn 26.49 Bn 1.98 Bn 1.46 Bn
9 Steris 20.71 Bn 20.30 Bn 697.10 Mn 380.30 Mn
10 Adagio Medical Holdings 16.86 Mn 3.95 Mn - 5.20 Mn

Historic Data

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DateValue
Mar 31, 2026 5.20 Mn
Dec 31, 2025 3.97 Mn
Sep 30, 2025 5.72 Mn
Jun 30, 2025 4.72 Mn
Mar 31, 2025 7.40 Mn
Sep 30, 2024 4.56 Mn
Jun 30, 2024 6.91 Mn
Mar 31, 2024 8.84 Mn
Dec 31, 2023 5.41 Mn
Sep 30, 2023 9.12 Mn