Cash Flow Statement
Growth Metrics

Harvard Bioscience (HBIO) Operating Expenses (2010 - 2026)

Harvard Bioscience (HBIO) reported Operating Expenses of $13.4 million for Q1 2026, down 78.31% year-over-year from $61.9 million in Q1 2025, and up 7.67% on a QoQ basis from $12.5 million in Q4 2025.

Harvard Bioscience (HBIO) has 17 years of Operating Expenses data on file, last reported at $13.4 million in Q1 2026.

  • Quarterly Operating Expenses fell 78.31% year-over-year to $13.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $50.1 million (down 52.68% YoY) and the FY2025 annual result came in at $98.5 million, up 61.52% from the prior year.
  • Operating Expenses rose to $13.4 million in Q1 2026 per HBIO's latest filing, from $12.5 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $61.9 million in Q1 2025 and bottomed at $11.8 million in Q3 2025.
  • The 5-year median for Operating Expenses is $15.7 million (2023), against an average of $17.9 million.
  • The widest annual swing landed in 2025, when Operating Expenses soared 262.75%; it then slumped 78.31% in 2026.
  • Tracing HBIO's Operating Expenses over 5 years: stood at $16.3 million in 2022, then fell by 1.52% to $16.0 million in 2023, then retreated by 12.73% to $14.0 million in 2024, then dropped by 10.99% to $12.5 million in 2025, then rose by 7.67% to $13.4 million in 2026.
  • Per Business Quant, the three latest HBIO Operating Expenses figures stand at $13.4 million (Q1 2026), $12.5 million (Q4 2025), and $11.8 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Intuitive Surgical 156.17 Bn 151.78 Bn 1.83 Bn 975.20 Mn
2 Becton Dickinson 41.51 Bn 40.49 Bn 2.15 Bn 4.62 Bn
3 Resmed 30.43 Bn 28.77 Bn 890.98 Mn 391.17 Mn
4 West Pharmaceutical Services 22.78 Bn 22.26 Bn 296.40 Mn 115.30 Mn
5 Solventum 13.39 Bn 13.39 Bn 1.10 Bn 1.02 Bn
6 Cooper Companies 12.33 Bn 12.20 Bn 695.20 Mn 434.50 Mn
7 Align Technology 11.65 Bn 10.59 Bn 736.59 Mn 594.63 Mn
8 Baxter International 9.81 Bn 7.77 Bn 891.00 Mn 867.00 Mn
9 Aptargroup 7.39 Bn 7.19 Bn 351.91 Mn 875.37 Mn
10 Harvard Bioscience 25.38 Mn 18.29 Mn 12.24 Mn 13.42 Mn

Historic Data

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DateValue
Mar 31, 2026 13.42 Mn
Dec 31, 2025 12.46 Mn
Sep 30, 2025 11.82 Mn
Jun 30, 2025 12.35 Mn
Mar 31, 2025 61.85 Mn
Dec 31, 2024 14.00 Mn
Sep 30, 2024 14.64 Mn
Jun 30, 2024 15.29 Mn
Mar 31, 2024 17.05 Mn
Dec 31, 2023 16.04 Mn
Sep 30, 2023 15.66 Mn
Jun 30, 2023 15.88 Mn
Mar 31, 2023 16.60 Mn
Dec 31, 2022 16.29 Mn
Sep 30, 2022 15.93 Mn
Jun 30, 2022 12.64 Mn
Mar 31, 2022 22.89 Mn
Dec 31, 2021 17.86 Mn
Sep 30, 2021 15.76 Mn
Jun 30, 2021 16.30 Mn
Mar 31, 2021 15.67 Mn
Dec 31, 2020 14.95 Mn
Sep 30, 2020 13.31 Mn
Jun 30, 2020 13.30 Mn
Mar 31, 2020 16.26 Mn
Dec 31, 2019 15.60 Mn
Sep 30, 2019 16.34 Mn
Jun 30, 2019 15.73 Mn
Mar 31, 2019 16.27 Mn
Dec 31, 2018 17.00 Mn
Sep 30, 2018 14.93 Mn
Jun 30, 2018 15.74 Mn
Mar 31, 2018 14.54 Mn
Dec 31, 2017 10.65 Mn
Sep 30, 2017 9.89 Mn
Jun 30, 2017 9.34 Mn
Mar 31, 2017 9.93 Mn
Dec 31, 2016 13.23 Mn
Sep 30, 2016 12.50 Mn
Jun 30, 2016 12.52 Mn
Mar 31, 2016 13.17 Mn
Dec 31, 2015 12.81 Mn
Sep 30, 2015 12.50 Mn
Jun 30, 2015 12.50 Mn
Mar 31, 2015 12.63 Mn
Dec 31, 2014 11.74 Mn
Sep 30, 2014 10.02 Mn
Jun 30, 2014 10.54 Mn
Mar 31, 2014 10.43 Mn
Dec 31, 2013 13.00 Mn
Sep 30, 2013 10.89 Mn
Jun 30, 2013 11.34 Mn
Mar 31, 2013 10.93 Mn
Dec 31, 2012 11.26 Mn
Sep 30, 2012 10.81 Mn
Jun 30, 2012 11.12 Mn
Mar 31, 2012 11.32 Mn
Dec 31, 2011 11.84 Mn
Sep 30, 2011 11.66 Mn
Jun 30, 2011 10.27 Mn
Mar 31, 2011 10.42 Mn
Dec 31, 2010 11.48 Mn
Sep 30, 2010 10.62 Mn
Jun 30, 2010 9.68 Mn