MDxHealth (MDXH) Operating Expenses (2021 - 2026)

MDxHealth's (MDXH) quarterly Operating Expenses came in at -$23.9 million in Q1 2026, down 19.04% year-on-year from -$29.5 million in Q1 2025, and little changed quarter-over-quarter from -$23.9 million in Q4 2025.

MDxHealth (MDXH) Operating Expenses (2021 - 2026) Analysis & Trends

MDxHealth has disclosed Operating Expenses across 6 years of filings, most recently posting -$23.9 million for Q1 2026.

  • Operating Expenses for Q1 2026 came in at -$23.9 million, down 19.04% year-over-year; the trailing twelve-month figure through Mar 2026 was -$87.9 million (down 8.09% YoY), and the FY2025 annual result was -$84.0 million, down 5.23% from the prior year.
  • Operating Expenses came in at -$23.9 million for Q1 2026 at MDxHealth, roughly flat from -$23.9 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of -$10.7 million in Q1 2022 to a low of -$23.9 million in Q4 2025.
  • The 5-year median for Operating Expenses is -$19.0 million (2023), against an average of -$18.6 million.
  • Across the five-year window, Operating Expenses sank 249.64% in 2022 and increased 5.9% in 2025, its largest moves.
  • MDxHealth's Operating Expenses stood at -$16.2 million in 2022, then slipped by 17.35% to -$19.0 million in 2023, then declined by 6.05% to -$20.1 million in 2024, then fell by 19.0% to -$23.9 million in 2025, then advanced by 0.13% to -$23.9 million in 2026.
  • The last three Operating Expenses figures came in at -$23.9 million (Q1 2026), -$23.9 million (Q4 2025), and -$20.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Waters 30,529.42 Bn 30,528.96 Bn 1.11 Bn 1.31 Bn
2 Thermo Fisher Scientific 183.75 Bn 180.50 Bn 7.74 Bn 9.14 Bn
3 Danaher 133.13 Bn 127.43 Bn 3.59 Bn 2.25 Bn
4 Idexx Laboratories 46.14 Bn 45.94 Bn 722.74 Mn 360.15 Mn
5 Agilent Technologies 38.20 Bn 36.39 Bn 990.00 Mn 1.44 Bn
6 Natera 31.50 Bn 30.40 Bn 696.04 Mn 790.16 Mn
7 Iqvia Holdings 31.34 Bn 29.36 Bn 1.36 Bn 553.00 Mn
8 Illumina 24.51 Bn 23.36 Bn 721.00 Mn 512.00 Mn
9 Mettler Toledo International 23.53 Bn 23.47 Bn 555.82 Mn 316.87 Mn
10 MDxHealth 6,270.00 -43.15 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 -20.52 Mn
Jun 30, 2025 -19.48 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