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| Date | Value |
|---|---|
| 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 |