Growth Metrics

Biote (BTMD) Operating Expenses (2021 - 2026)

Biote's quarterly Operating Expenses came in at $3.1 million in Q1 2026, down 32.19% year-on-year from $4.6 million in Q1 2025, and down 23.72% quarter-over-quarter from $4.1 million in Q4 2025.

Biote has reported Operating Expenses for 6 years, with the latest figure at $3.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses fell 32.19% year-over-year to $3.1 million; the trailing twelve-month figure through Mar 2026 stood at $15.1 million (down 11.89% YoY), and the FY2025 full-year result was $16.6 million, up 1.21% from the prior year.
  • Operating Expenses for Q1 2026 stood at $3.1 million, down from $4.1 million in the prior quarter.
  • The five-year high for Operating Expenses was $113.7 million in Q2 2022, with the low at $3.1 million in Q1 2026.
  • Average Operating Expenses over 5 years is $18.2 million, with a median of $5.2 million recorded in 2024.
  • Year-over-year, Operating Expenses surged 28182.73% in 2022 and slumped 86.02% in 2024.
  • Tracing BTMD's Operating Expenses over 5 years: stood at $22.1 million in 2022, then rose by 19.19% to $26.3 million in 2023, then sank by 84.68% to $4.0 million in 2024, then grew by 0.99% to $4.1 million in 2025, then decreased 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 84.64 Bn 87.02 Bn 16.26 Bn 16.82 Bn
2 Tenet Healthcare 15.22 Bn 14.39 Bn 4.41 Bn 27.00 Mn
3 Davita 13.10 Bn 13.96 Bn 1.07 Bn 2.93 Bn
4 Encompass Health 10.50 Bn 11.12 Bn 1.34 Bn 1.29 Bn
5 Ensign 9.69 Bn 9.09 Bn 293.37 Mn 1.26 Bn
6 Universal Health Services 8.92 Bn 8.88 Bn 3.21 Bn 3.99 Bn
7 Fresenius Medical Care AG 7.31 Bn 4.93 Bn 22,843.10 Bn 820.65 Mn
8 Chemed 5.83 Bn 5.81 Bn 215.76 Mn 572.94 Mn
9 Pacs 5.76 Bn 5.51 Bn 345.96 Mn 1.30 Bn
10 Biote 61.29 Mn 64.11 Mn 30.95 Mn 3.10 Mn

Historic Data

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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
Mar 31, 2021 58,560.00