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
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 |