Biote (BTMD) Operating Expenses (2021 - 2026)
Biote (BTMD) posted quarterly Operating Expenses of $3.1 million for Q1 2026, down 32.19% year-over-year from $4.6 million in Q1 2025, and down 23.72% on a QoQ basis from $4.1 million in Q4 2025.
Biote (BTMD) Operating Expenses (2021 - 2026) Analysis & Trends
Biote (BTMD) has reported Operating Expenses for 6 consecutive years, with $3.1 million the latest figure, recorded in 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 came in at $3.1 million for Q1 2026 at Biote, 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.
- Across the five-year window, Operating Expenses soared 28182.73% in 2022 and tumbled 86.02% in 2024, its largest moves.
- Year by year, Operating Expenses stood at $22.1 million in 2022, then advanced by 19.19% to $26.3 million in 2023, then tumbled by 84.68% to $4.0 million in 2024, then rose by 0.99% to $4.1 million in 2025, then dropped by 23.72% to $3.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $3.1 million, $4.1 million, and $4.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 87.94 Bn | 90.32 Bn | 16.26 Bn | 16.82 Bn |
| 2 | Chemed | 18.08 Bn | 18.07 Bn | 215.76 Mn | 572.94 Mn |
| 3 | Tenet Healthcare | 16.59 Bn | 15.76 Bn | 4.41 Bn | 27.00 Mn |
| 4 | Davita | 15.37 Bn | 16.23 Bn | 1.07 Bn | 2.93 Bn |
| 5 | Encompass Health | 10.07 Bn | 10.70 Bn | 1.34 Bn | 1.29 Bn |
| 6 | Ensign | 9.52 Bn | 8.93 Bn | 293.37 Mn | 1.26 Bn |
| 7 | Universal Health Services | 9.19 Bn | 9.15 Bn | 3.21 Bn | 3.99 Bn |
| 8 | Pacs | 6.96 Bn | 6.72 Bn | 345.96 Mn | 1.30 Bn |
| 9 | Ww International | 6.14 Bn | 5.98 Bn | -149.29 Mn | -25.79 Mn |
| 10 | Biote | 5,970.00 | 2.82 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 |
| Dec 31, 2021 | 18.47 Mn |
| Jun 30, 2021 | 11.97 Mn |
| Mar 31, 2021 | 58,560.00 |