MDxHealth (MDXH) Cost of Revenue (2021 - 2026)
MDxHealth (MDXH) reported Cost of Revenue of $10.77 million for the quarter ended Mar 31, 2026, up 22.6% from $8.79 million a year earlier but down 0.8% from the prior quarter.
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Analysis
MDxHealth (MDXH) Cost of Revenue (2021 - 2026) Analysis & Trends
Over the twelve months ended Mar 31, 2026, MDxHealth's Cost of Revenue came in at $57.8 million, up 71.1% year-over-year; for the year ended Dec 31, 2025, it was $38.24 million, up 9.6% from the prior year.
- Cost of Revenue has increased for five consecutive years, with a five-year compound annual growth rate of 39.7% (years ended Dec 2020 to Dec 2025).
- By year, Cost of Revenue came in at $34.91 million in the year ended Dec 31, 2024 (+32.9%), $26.26 million in the year ended Dec 31, 2023 (+124.1%), $11.72 million in the year ended Dec 31, 2022 (+37.8%) and $8.51 million in the year ended Dec 31, 2021 (+18.2%).
- Five-year quarterly Cost of Revenue spans a low of $2.83 million in the quarter ended Jun 30, 2021 and a high of $10.86 million in the quarter ended Dec 31, 2025.
- Over the past five years, the year-over-year growth in Cost of Revenue ranged from 17.7% (the quarter ended Dec 31, 2025) to 83.4% (the quarter ended Mar 31, 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 93.08 Bn | 92.52 Bn | - | - |
| 2 | Natera | 58.93 Bn | 54.61 Bn | 485.19 Mn | 267.56 Mn |
| 3 | Quest Diagnostics | 25.75 Bn | 24.18 Bn | 1.03 Bn | 2.02 Bn |
| 4 | Labcorp Holdings | 24.96 Bn | 22.73 Bn | 1.11 Bn | 2.62 Bn |
| 5 | Guardant Health | 23.76 Bn | 19.82 Bn | 219.03 Mn | 115.95 Mn |
| 6 | Tenet Healthcare | 20.83 Bn | 11.98 Bn | - | - |
| 7 | Tempus AI | 13.43 Bn | 10.46 Bn | 246.50 Mn | 135.99 Mn |
| 8 | BrightSpring Health Services | 11.90 Bn | 10.24 Bn | 492.75 Mn | 271.40 Mn |
| 9 | Encompass Health | 11.82 Bn | 12.29 Bn | - | - |
| 10 | MDxHealth | 29.28 Mn | -99.42 Mn | 17.89 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 10.77 Mn |
| Dec 31, 2025 | 10.86 Mn |
| Sep 30, 2025 | 9.56 Mn |
| Mar 31, 2025 | 8.79 Mn |
| Dec 31, 2024 | 9.22 Mn |
| Sep 30, 2024 | 9.04 Mn |
| Dec 31, 2023 | 6.73 Mn |
| Sep 30, 2023 | 6.80 Mn |
| Jun 30, 2023 | 6.76 Mn |
| Mar 31, 2023 | 5.99 Mn |
| Dec 31, 2022 | 5.67 Mn |
| Sep 30, 2022 | 4.93 Mn |
| Jun 30, 2022 | 3.97 Mn |
| Mar 31, 2022 | 3.26 Mn |
| Sep 30, 2021 | 2.93 Mn |
| Jun 30, 2021 | 2.83 Mn |
API Access
MDxHealth Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MDXH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "MDXH", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=MDXH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();