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
DateValue
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