Biote (BTMD) Operating Expenses (2021 - 2026)

Biote (BTMD) recorded quarterly Operating Expenses of $3.1 million in Q1 2026, down 23.72% quarter-over-quarter from $4.1 million in Q4 2025, and down 32.19% on a YoY basis from $4.6 million in Q1 2025.

Biote (BTMD) Operating Expenses (2021 - 2026) Analysis & Trends

Biote's Operating Expenses history runs 6 years deep, the most recent figure standing at $3.1 million for Q1 2026.

  • In Q1 2026, Operating Expenses fell 32.19% year-over-year to $3.1 million; the TTM figure through Mar 2026 stood at $15.1 million (down 11.89% YoY), while the FY2025 annual figure was $16.6 million, up 1.21% from the prior year.
  • Operating Expenses was $3.1 million for Q1 2026 at Biote, down from $4.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $113.7 million in Q2 2022 to a low of $3.1 million in Q1 2026.
  • Historically, Operating Expenses has averaged $18.2 million across 5 years, with a median of $5.2 million in 2024.
  • The sharpest annual moves came in 2022 and 2024: Operating Expenses soared 28182.73% in 2022, then slumped 86.02% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $22.1 million in 2022, then increased by 19.19% to $26.3 million in 2023, then slumped by 84.68% to $4.0 million in 2024, then climbed by 0.99% to $4.1 million in 2025, then retreated by 23.72% to $3.1 million in 2026.
  • The last three Operating Expenses figures came in at $3.1 million (Q1 2026), $4.1 million (Q4 2025), and $4.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 HCA Healthcare 83.85 Bn 86.23 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 14.98 Bn 14.15 Bn 4.41 Bn 27.00 Mn
3 Davita 13.99 Bn 14.84 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 9.72 Bn 10.34 Bn 1.34 Bn 1.29 Bn
5 Ensign 8.90 Bn 8.31 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.59 Bn 8.55 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.67 Bn 5.29 Bn -4.26 Bn 820.65 Mn
8 Chemed 5.97 Bn 5.96 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.74 Bn 5.50 Bn 345.96 Mn 1.30 Bn
10 Biote 67.42 Mn 70.24 Mn 30.95 Mn 3.10 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 3.10 Mn
Dec 31, 2025 4.07 Mn
Sep 30, 2025 4.30 Mn
Jun 30, 2025 3.63 Mn
Mar 31, 2025 4.58 Mn
Dec 31, 2024 4.03 Mn
Sep 30, 2024 3.36 Mn
Jun 30, 2024 5.18 Mn
Mar 31, 2024 3.81 Mn
Dec 31, 2023 26.29 Mn
Sep 30, 2023 23.99 Mn
Jun 30, 2023 26.06 Mn
Mar 31, 2023 23.39 Mn
Dec 31, 2022 22.06 Mn
Sep 30, 2022 21.12 Mn
Jun 30, 2022 113.74 Mn
Mar 31, 2022 16.56 Mn
Dec 31, 2021 18.47 Mn
Sep 30, 2021 12.75 Mn
Jun 30, 2021 11.97 Mn