Kamada (KMDA) Operating Expenses (2012 - 2026)

Over the twelve months ended Jun 30, 2026, Kamada's Operating Expenses came in at $31.42 million, up 4.9% year-over-year; for the year ended Dec 31, 2025, it was $31.72 million, up 2.7% from the prior year.

• Operating Expenses has increased for seven consecutive years, with a five-year compound annual growth rate of 6.0% (years ended Dec 2020 to Dec 2025).
• By year, Operating Expenses came in at $30.89 million in the year ended Dec 31, 2024 (+9.1%), $28.31 million in the year ended Dec 31, 2023 (+9.0%), $25.98 million in the year ended Dec 31, 2022 (+8.3%) and $23.99 million in the year ended Dec 31, 2021 (+1.0%).
• Five-year quarterly Operating Expenses spans a low of -$1.3 million in the quarter ended Sep 30, 2021 and a high of $8.58 million in the quarter ended Jun 30, 2024.
• Year over year, Operating Expenses gained in five of the last eight quarters, with growth averaging 2.2%.
• The high point for year-over-year Operating Expenses in five years was the quarter ended Mar 31, 2022 (growth of 36.6%); the low point was the quarter ended Jun 30, 2025 (a decline of 15.1%).
• Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $7.41 million (quarter ended Mar 31, 2026), $8.53 million (quarter ended Dec 31, 2025) and $7.46 million (quarter ended Sep 30, 2025).