Growth Metrics

MDB Capital Holdings (MDBH) Operating Expenses (2022 - 2025)

MDB Capital Holdings recorded quarterly Operating Expenses of $5.4 million in Q4 2025, up 7.88% quarter-over-quarter from $5.0 million in Q3 2025, and down 32.36% year-over-year from $8.0 million in Q4 2024.

MDB Capital Holdings' Operating Expenses history runs 4 years deep, the most recent figure standing at $5.4 million for Q4 2025.

  • In Q4 2025, Operating Expenses fell 32.36% year-over-year to $5.4 million; the TTM figure through Dec 2025 stood at $22.6 million (down 26.48% YoY), while the FY2025 annual figure was $22.6 million, down 26.48% from the prior year.
  • Operating Expenses came in at $5.4 million for Q4 2025 at MDB Capital Holdings, up from $5.0 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $8.1 million in Q3 2024 to a low of $1.7 million in Q2 2022.
  • A 4-year average of $4.9 million and a median of $5.4 million in 2025 frame the typical range for Operating Expenses.
  • Across the five-year window, Operating Expenses surged 272.27% in 2023 and sank 38.24% in 2025, its largest moves.
  • MDB Capital Holdings' Operating Expenses stood at $2.0 million in 2022, then soared by 272.27% to $7.5 million in 2023, then increased by 6.44% to $8.0 million in 2024, then slumped by 32.36% to $5.4 million in 2025.
  • According to Business Quant data, Operating Expenses over the past three periods registered $5.4 million, $5.0 million, and $5.5 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.71 Bn 197.18 Bn - 13.47 Bn
2 Goldman Sachs 318.59 Bn -618.96 Bn - 10.43 Bn
3 Schwab Charles 154.74 Bn 109.76 Bn - 3.29 Bn
4 Robinhood Markets 81.79 Bn 77.15 Bn 960.00 Mn 656.00 Mn
5 Interactive Brokers 39.54 Bn 50.13 Bn - 381.00 Mn
6 Circle Internet 25.60 Bn 24.08 Bn 35.01 Mn 242.35 Mn
7 LPL Financial Holdings 22.12 Bn 21.10 Bn - 4.45 Bn
8 Iren 21.58 Bn 19.37 Bn 144.76 Mn 81.75 Mn
9 Tradeweb Markets 21.29 Bn 20.04 Bn - 330.51 Mn
10 MDB Capital Holdings 17.58 Mn 4.25 Mn - 5.40 Mn

Historic Data

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DateValue
Dec 31, 2025 5.40 Mn
Sep 30, 2025 5.01 Mn
Jun 30, 2025 5.49 Mn
Mar 31, 2025 6.74 Mn
Dec 31, 2024 7.98 Mn
Sep 30, 2024 8.11 Mn
Jun 30, 2024 7.41 Mn
Mar 31, 2024 7.29 Mn
Dec 31, 2023 7.50 Mn
Sep 30, 2023 2.52 Mn
Jun 30, 2023 2.20 Mn
Mar 31, 2023 2.27 Mn
Dec 31, 2022 2.02 Mn
Sep 30, 2022 2.30 Mn
Jun 30, 2022 1.70 Mn