Adagio Medical Holdings (ADGM) Operating Expenses (2023 - 2026)
Adagio Medical Holdings (ADGM) posted Operating Expenses of $5.2 million for Q1 2026, up 31.05% sequentially from $4.0 million in Q4 2025, and down 29.7% YoY from $7.4 million in Q1 2025.
Adagio Medical Holdings (ADGM) Operating Expenses (2023 - 2026) Analysis & Trends
Adagio Medical Holdings has reported Operating Expenses for 4 years, with the latest figure 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 improved to $5.2 million in Q1 2026 per ADGM's latest filing, from $4.0 million in the prior quarter.
- Over five years, Operating Expenses peaked at $9.1 million in Q3 2023 and troughed at $4.0 million in Q4 2025.
- A 4-year average of $6.2 million and a median of $5.6 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses slumped 50.04% in 2024, then advanced 25.54% in 2025.
- Over 4 years, Operating Expenses stood at $5.4 million in 2023, then retreated by 15.78% to $4.6 million in 2024, then declined by 12.93% to $4.0 million in 2025, then surged by 31.05% to $5.2 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $5.2 million, $4.0 million, and $5.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 200.20 Bn | 194.60 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 129.69 Bn | 126.21 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 120.14 Bn | 110.92 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 74.16 Bn | 73.62 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.68 Bn | 48.43 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.57 Bn | 32.62 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.09 Bn | 31.98 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.49 Bn | 23.17 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.19 Bn | 22.70 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Adagio Medical Holdings | 13.99 Mn | 13.99 Mn | - | 4.93 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.93 Mn |
| 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 |