Mesa Laboratories (MLAB) Operating Expenses (2010 - 2025)
Mesa Laboratories' (MLAB) quarterly Operating Expenses came in at $33.8 million in Q4 2025, little changed year-on-year from $34.0 million in Q4 2024, and up 3.72% quarter-over-quarter from $32.6 million in Q3 2025.
Mesa Laboratories (MLAB) Operating Expenses (2010 - 2025) Analysis & Trends
Mesa Laboratories has disclosed Operating Expenses across 16 years of filings, most recently posting $33.8 million for Q4 2025.
- Operating Expenses for Q4 2025 came in at $33.8 million, changed 0.46% year-over-year; the trailing twelve-month figure through Dec 2025 was $137.2 million (down 66.15% YoY), and the FY2025 annual result was $134.5 million, down 66.81% from the prior year.
- Operating Expenses came in at $33.8 million for Q4 2025 at Mesa Laboratories, up from $32.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $307.8 million in Q1 2024 to a low of $18.9 million in Q3 2021.
- The 5-year median for Operating Expenses is $32.5 million (2022), against an average of $44.8 million.
- Across the five-year window, Operating Expenses jumped 841.87% in 2024 and slumped 88.0% in 2025, its largest moves.
- Mesa Laboratories' Operating Expenses stood at $31.1 million in 2021, then decreased by 5.7% to $29.4 million in 2022, then increased by 13.98% to $33.5 million in 2023, then climbed by 1.51% to $34.0 million in 2024, then slipped by 0.46% to $33.8 million in 2025.
- The last three Operating Expenses figures came in at $33.8 million (Q4 2025), $32.6 million (Q3 2025), and $33.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 73.42 Bn | 72.12 Bn | 679.95 Mn | 1.62 Bn |
| 2 | Keysight Technologies | 60.20 Bn | 58.02 Bn | 995.00 Mn | 1.35 Bn |
| 3 | Garmin | 45.90 Bn | 43.20 Bn | 1.04 Bn | 610.62 Mn |
| 4 | Teledyne Technologies | 28.94 Bn | 28.64 Bn | 673.80 Mn | 1.27 Bn |
| 5 | Mks | 24.00 Bn | 23.43 Bn | 507.00 Mn | 274.00 Mn |
| 6 | Fortive | 18.63 Bn | 18.28 Bn | 675.50 Mn | 483.80 Mn |
| 7 | Trimble | 11.82 Bn | 11.59 Bn | 646.30 Mn | 502.30 Mn |
| 8 | Cognex | 10.60 Bn | 10.31 Bn | 190.94 Mn | 131.07 Mn |
| 9 | Esco Technologies | 8.14 Bn | 8.05 Bn | 131.32 Mn | 265.48 Mn |
| 10 | Mesa Laboratories | 580.67 Mn | 550.20 Mn | 41.80 Mn | 33.82 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 33.82 Mn |
| Sep 30, 2025 | 32.61 Mn |
| Jun 30, 2025 | 33.88 Mn |
| Mar 31, 2025 | 36.94 Mn |
| Dec 31, 2024 | 33.98 Mn |
| Sep 30, 2024 | 31.95 Mn |
| Jun 30, 2024 | 31.67 Mn |
| Mar 31, 2024 | 307.84 Mn |
| Dec 31, 2023 | 33.47 Mn |
| Sep 30, 2023 | 32.17 Mn |
| Jun 30, 2023 | 31.85 Mn |
| Mar 31, 2023 | 32.68 Mn |
| Dec 31, 2022 | 29.36 Mn |
| Sep 30, 2022 | 32.39 Mn |
| Jun 30, 2022 | 35.94 Mn |
| Mar 31, 2022 | 35.22 Mn |
| Dec 31, 2021 | 31.14 Mn |
| Sep 30, 2021 | 18.94 Mn |
| Jun 30, 2021 | 19.09 Mn |
| Mar 31, 2021 | 20.44 Mn |