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% quarter-over-quarter from $4.0 million in Q4 2025.
Adagio Medical Holdings (ADGM) Operating Expenses (2023 - 2026) Analysis & Trends
Adagio Medical Holdings (ADGM) has 4 years of Operating Expenses data on file, last reported at $5.2 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $5.2 million, down 29.7% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.6 million (up 3.92% YoY), and the FY2025 annual result was $21.9 million, down 65.11% from the prior year.
- Operating Expenses grew 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.
- A 4-year view of Operating Expenses shows it stood at $5.4 million in 2023, then fell by 15.78% to $4.6 million in 2024, then dropped by 12.93% to $4.0 million in 2025, then jumped by 31.05% to $5.2 million in 2026.
- Business Quant data shows ADGM's Operating Expenses at $5.2 million in Q1 2026, $4.0 million in Q4 2025, and $5.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Adagio Medical Holdings | 15.88 Mn | 2.97 Mn | - | 5.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |