MDxHealth (MDXH) Research & Development (2021 - 2026)
MDxHealth (MDXH) reported Research & Development of $2.41 million for the quarter ended Sep 30, 2026, up 20.6% from the prior quarter.
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Analysis
MDxHealth (MDXH) Research & Development (2021 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, MDxHealth's Research & Development came in at $9.81 million; for the year ended Dec 31, 2025, it came in at $10.35 million, down 1.9% from the prior year.
- Research & Development has a five-year compound annual growth rate of 17.9% (years ended Dec 2020 to Dec 2025).
- By year, Research & Development came in at $10.55 million in the year ended Dec 31, 2024 (+65.5%), $6.38 million in the year ended Dec 31, 2023 (+16.0%), $5.5 million in the year ended Dec 31, 2022 (-1.6%) and $5.59 million in the year ended Dec 31, 2021 (+23.0%).
- Five-year quarterly Research & Development spans a low of $799,000 in the quarter ended Dec 31, 2022 and a high of $3.28 million in the quarter ended Dec 31, 2025.
- Year over year, Research & Development gained in three of the last four quarters, with growth averaging 17.7%.
- The high point for year-over-year Research & Development in five years was the quarter ended Dec 31, 2023 (growth of 128.9%); the low point was the quarter ended Dec 31, 2022 (a decline of 36.7%).
- Per Business Quant data, the three quarters before the quarter ended Sep 30, 2026 came in at $2 million (quarter ended Jun 30, 2026), $2.13 million (quarter ended Mar 31, 2026) and $3.28 million (quarter ended Dec 31, 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 105.29 Bn | 103.13 Bn | 17.03 Bn | - |
| 2 | Natera | 46.06 Bn | 41.68 Bn | 513.47 Mn | 242.43 Mn |
| 3 | Labcorp Holdings | 30.09 Bn | 28.19 Bn | 1.11 Bn | - |
| 4 | Quest Diagnostics | 28.58 Bn | 26.66 Bn | 1.04 Bn | - |
| 5 | Guardant Health | 20.44 Bn | 16.05 Bn | 236.15 Mn | 100.84 Mn |
| 6 | BrightSpring Health Services | 14.16 Bn | 11.04 Bn | 518.55 Mn | - |
| 7 | Encompass Health | 13.83 Bn | 14.29 Bn | 1.54 Bn | - |
| 8 | Tempus AI | 12.69 Bn | 9.84 Bn | 266.70 Mn | 46.00 Mn |
| 9 | Davita | 11.06 Bn | 9.92 Bn | 1.13 Bn | - |
| 10 | MDxHealth | 7.19 Mn | -122.28 Mn | 14.04 Mn | 2.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 2.41 Mn |
| Jun 30, 2026 | 2.00 Mn |
| Mar 31, 2026 | 2.13 Mn |
| Dec 31, 2025 | 3.28 Mn |
| Sep 30, 2025 | 2.01 Mn |
| Jun 30, 2025 | 1.86 Mn |
| Mar 31, 2025 | 2.50 Mn |
| Dec 31, 2024 | 2.79 Mn |
| Sep 30, 2024 | 2.70 Mn |
| Jun 30, 2024 | 2.90 Mn |
| Mar 31, 2024 | 2.16 Mn |
| Dec 31, 2023 | 1.83 Mn |
| Sep 30, 2023 | 1.56 Mn |
| Jun 30, 2023 | 1.67 Mn |
| Mar 31, 2023 | 1.32 Mn |
| Dec 31, 2022 | 799,000.00 |
| Sep 30, 2022 | 2.17 Mn |
| Jun 30, 2022 | 1.80 Mn |
| Mar 31, 2022 | 1.78 Mn |
| Dec 31, 2021 | 1.26 Mn |
API Access
MDxHealth Research & Development 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=research-and-development&ticker=MDXH&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=MDXH&period=max&api_key=YOUR_API_KEY");
const data = await res.json();