MDxHealth (MDXH) Cost of Revenue (2021 - 2026)

MDxHealth (MDXH) posted Cost of Revenue of $10.8 million for Q1 2026, down 0.79% sequentially from $10.9 million in Q4 2025, and up 22.58% YoY from $8.8 million in Q1 2025.

MDxHealth (MDXH) Cost of Revenue (2021 - 2026) Analysis & Trends

MDxHealth has reported Cost of Revenue for 6 years, with the latest figure at $10.8 million in Q1 2026.

  • Quarterly Cost of Revenue rose 22.58% year-over-year to $10.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $58.1 million (up 61.59% YoY) and the FY2025 annual result came in at $38.2 million, up 9.55% from the prior year.
  • Cost of Revenue retreated to $10.8 million in Q1 2026 per MDXH's latest filing, from $10.9 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $27.4 million in Q3 2025 and troughed at -$3.3 million in Q2 2022.
  • A 5-year average of $8.2 million and a median of $7.8 million in 2024 frame the typical range for Cost of Revenue.
  • The sharpest annual moves came in 2023 and 2025: Cost of Revenue surged 307.48% in 2023, then advanced 1.86% in 2025.
  • Over 5 years, Cost of Revenue stood at $5.7 million in 2022, then grew by 18.7% to $6.7 million in 2023, then surged by 37.09% to $9.2 million in 2024, then grew by 17.74% to $10.9 million in 2025, then slipped by 0.79% to $10.8 million in 2026.
  • According to Business Quant data, Cost of Revenue over the past three periods registered $10.8 million, $10.9 million, and $27.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Thermo Fisher Scientific 213.78 Bn 209.71 Bn 8.34 Bn 3.65 Bn
2 Danaher 139.83 Bn 135.48 Bn 3.61 Bn 2.65 Bn
3 Idexx Laboratories 45.99 Bn 45.79 Bn 779.09 Mn 437.50 Mn
4 Agilent Technologies 39.69 Bn 37.88 Bn 990.00 Mn 845.00 Mn
5 Iqvia Holdings 39.31 Bn 37.23 Bn 1.44 Bn 2.93 Bn
6 Natera 38.74 Bn 37.64 Bn 696.04 Mn 608,000.00
7 Illumina 29.94 Bn 28.77 Bn 770.00 Mn 389.00 Mn
8 Mettler Toledo International 28.55 Bn 28.50 Bn 650.22 Mn 253.28 Mn
9 Quest Diagnostics 26.18 Bn 25.55 Bn 1.03 Bn 2.02 Bn
10 MDxHealth 21.74 Mn -21.41 Mn 16.61 Mn 10.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 10.77 Mn
Mar 31, 2026 10.77 Mn
Dec 31, 2025 10.86 Mn
Dec 31, 2025 10.86 Mn
Sep 30, 2025 27.38 Mn
Sep 30, 2025 27.38 Mn
Jun 30, 2025 9.04 Mn
Jun 30, 2025 9.04 Mn
Mar 31, 2025 8.79 Mn
Mar 31, 2025 8.79 Mn
Dec 31, 2024 9.22 Mn
Dec 31, 2024 9.22 Mn
Sep 30, 2024 9.04 Mn
Sep 30, 2024 9.04 Mn
Jun 30, 2024 8.87 Mn
Jun 30, 2024 8.87 Mn
Mar 31, 2024 7.77 Mn
Mar 31, 2024 7.77 Mn
Dec 31, 2023 6.73 Mn
Dec 31, 2023 6.73 Mn