Fractyl Health (GUTS) Operating Expenses (2023 - 2026)
Fractyl Health (GUTS) recorded Operating Expenses of $19.1 million in Q2 2026, down 26.8% from $26.08 million a year earlier and down 8.3% from the prior quarter.
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Analysis
Fractyl Health (GUTS) Operating Expenses (2023 - 2026) Analysis & Trends
On a TTM basis, Fractyl Health's Operating Expenses came in at $85.89 million as of Jun 30, 2026, down 14.0% year-over-year; for FY2025, it was $96.82 million, up 3.5% from FY2024.
- Across earlier years, Operating Expenses came in at $93.57 million in FY2024 (+83.9%) and $50.88 million in FY2023.
- The Q2 2026 figure is the lowest quarterly Operating Expenses since Q4 2023.
- On a year-over-year basis, Operating Expenses has declined for four consecutive quarters, with growth averaging 17.4% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 94.2% in Q4 2024, against a decline of 26.8% in Q2 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $20.82 million (Q1 2026), $23.28 million (Q4 2025) and $22.69 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 266.22 Bn | 242.86 Bn | 5.13 Bn | 9.87 Bn |
| 2 | Abbott Laboratories | 191.31 Bn | 165.77 Bn | 7.39 Bn | 11.66 Bn |
| 3 | Danaher | 166.16 Bn | 145.82 Bn | 3.84 Bn | 2.59 Bn |
| 4 | Intuitive Surgical | 155.98 Bn | 136.40 Bn | 2.08 Bn | 1.49 Bn |
| 5 | Medtronic | 130.05 Bn | 96.18 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 123.40 Bn | 109.59 Bn | 4.25 Bn | 3.21 Bn |
| 7 | Boston Scientific | 64.81 Bn | 60.48 Bn | 3.43 Bn | 2.60 Bn |
| 8 | Edwards Lifesciences | 59.87 Bn | 43.18 Bn | 1.35 Bn | 844.30 Mn |
| 9 | Medline | 53.84 Bn | 50.96 Bn | 1.93 Bn | 1.43 Bn |
| 10 | Fractyl Health | 10.71 Mn | -258.87 Mn | - | 19.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 19.10 Mn |
| Mar 31, 2026 | 20.82 Mn |
| Dec 31, 2025 | 23.28 Mn |
| Sep 30, 2025 | 22.69 Mn |
| Jun 30, 2025 | 26.08 Mn |
| Mar 31, 2025 | 24.76 Mn |
| Dec 31, 2024 | 25.21 Mn |
| Sep 30, 2024 | 23.80 Mn |
| Jun 30, 2024 | 23.00 Mn |
| Mar 31, 2024 | 21.56 Mn |
| Dec 31, 2023 | 12.99 Mn |
| Sep 30, 2023 | 13.88 Mn |
| Jun 30, 2023 | 11.90 Mn |
| Mar 31, 2023 | 12.11 Mn |
API Access
Fractyl Health Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=GUTS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "GUTS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=GUTS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();