MDxHealth (MDXH) Operating Expenses (2021 - 2026)
MDxHealth (MDXH) posted Operating Expenses of -$23.9 million for Q1 2026, little changed sequentially from -$23.9 million in Q4 2025, and down 19.04% YoY from -$29.5 million in Q1 2025.
MDxHealth (MDXH) Operating Expenses (2021 - 2026) Analysis & Trends
MDxHealth has reported Operating Expenses for 6 years, with the latest figure at -$23.9 million in Q1 2026.
- Quarterly Operating Expenses fell 19.04% year-over-year to -$23.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$147.5 million (down 81.49% YoY) and the FY2025 annual result came in at -$84.0 million, down 5.23% from the prior year.
- Operating Expenses was little changed at -$23.9 million in Q1 2026 per MDXH's latest filing, from -$23.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$10.7 million in Q1 2022 and troughed at -$60.1 million in Q3 2025.
- A 5-year average of -$22.1 million and a median of -$19.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses sank 249.64% in 2022, then advanced 5.72% in 2023.
- Over 5 years, Operating Expenses stood at -$16.2 million in 2022, then declined by 17.35% to -$19.0 million in 2023, then retreated by 6.05% to -$20.1 million in 2024, then decreased by 19.0% to -$23.9 million in 2025, then grew by 0.13% to -$23.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$23.9 million, -$23.9 million, and -$60.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.78 Bn | 209.71 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 139.83 Bn | 135.48 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Idexx Laboratories | 45.99 Bn | 45.79 Bn | 779.09 Mn | 353.52 Mn |
| 4 | Agilent Technologies | 39.69 Bn | 37.88 Bn | 990.00 Mn | 1.44 Bn |
| 5 | Iqvia Holdings | 39.31 Bn | 37.23 Bn | 1.44 Bn | 637.00 Mn |
| 6 | Natera | 38.74 Bn | 37.64 Bn | 696.04 Mn | 790.16 Mn |
| 7 | Illumina | 29.94 Bn | 28.77 Bn | 770.00 Mn | 525.00 Mn |
| 8 | Mettler Toledo International | 28.55 Bn | 28.50 Bn | 650.22 Mn | 321.77 Mn |
| 9 | Quest Diagnostics | 26.18 Bn | 25.55 Bn | 1.03 Bn | 2.58 Bn |
| 10 | MDxHealth | 21.74 Mn | -21.41 Mn | 16.61 Mn | -23.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -23.92 Mn |
| Dec 31, 2025 | -23.95 Mn |
| Sep 30, 2025 | -60.09 Mn |
| Jun 30, 2025 | -39.58 Mn |
| Mar 31, 2025 | -20.09 Mn |
| Dec 31, 2024 | -20.13 Mn |
| Sep 30, 2024 | -20.37 Mn |
| Jun 30, 2024 | -20.70 Mn |
| Mar 31, 2024 | -18.67 Mn |
| Dec 31, 2023 | -18.98 Mn |
| Sep 30, 2023 | -17.11 Mn |
| Jun 30, 2023 | -17.73 Mn |
| Mar 31, 2023 | -17.43 Mn |
| Dec 31, 2022 | -16.17 Mn |
| Sep 30, 2022 | -18.15 Mn |
| Jun 30, 2022 | -12.10 Mn |
| Mar 31, 2022 | -10.70 Mn |
| Dec 31, 2021 | -4.63 Mn |
| Sep 30, 2021 | -5.32 Mn |