MDB Capital Holdings (MDBH) Operating Expenses (2022 - 2025)
MDB Capital Holdings' (MDBH) quarterly Operating Expenses came in at $5.4 million in Q4 2025, down 32.36% year-on-year from $8.0 million in Q4 2024, and up 7.88% quarter-over-quarter from $5.0 million in Q3 2025.
MDB Capital Holdings (MDBH) Operating Expenses (2022 - 2025) Analysis & Trends
MDB Capital Holdings has disclosed Operating Expenses across 4 years of filings, most recently posting $5.4 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $5.4 million, down 32.36% year-over-year; the trailing twelve-month figure through Dec 2025 was $22.6 million (down 26.48% YoY), and the FY2025 annual result 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.
- The 4-year median for Operating Expenses is $5.4 million (2025), against an average of $4.9 million.
- Across the five-year window, Operating Expenses jumped 272.27% in 2023 and slumped 38.24% in 2025, its largest moves.
- MDB Capital Holdings' Operating Expenses stood at $2.0 million in 2022, then surged by 272.27% to $7.5 million in 2023, then grew by 6.44% to $8.0 million in 2024, then tumbled by 32.36% to $5.4 million in 2025.
- The last three Operating Expenses figures came in at $5.4 million (Q4 2025), $5.0 million (Q3 2025), and $5.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 94,425.84 Bn | 94,425.84 Bn | - | 386,258.80 |
| 2 | Morgan Stanley | 349.82 Bn | 216.29 Bn | - | 13.47 Bn |
| 3 | Goldman Sachs | 333.85 Bn | -603.70 Bn | - | 10.43 Bn |
| 4 | Schwab Charles | 160.31 Bn | 115.33 Bn | - | 3.29 Bn |
| 5 | Robinhood Markets | 97.28 Bn | 92.64 Bn | 960.00 Mn | 656.00 Mn |
| 6 | Interactive Brokers | 42.79 Bn | 53.38 Bn | - | 381.00 Mn |
| 7 | LPL Financial Holdings | 23.54 Bn | 22.51 Bn | - | 4.45 Bn |
| 8 | Tradeweb Markets | 21.20 Bn | 19.96 Bn | - | 330.51 Mn |
| 9 | Iren | 19.97 Bn | 17.75 Bn | 144.76 Mn | 81.75 Mn |
| 10 | MDB Capital Holdings | 14.72 Mn | 1.39 Mn | - | 5.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |