Mesa Laboratories (MLAB) Operating Expenses (2010 - 2025)
Mesa Laboratories (MLAB) posted Operating Expenses of $33.8 million for Q4 2025, up 3.72% sequentially from $32.6 million in Q3 2025, and little changed YoY from $34.0 million in Q4 2024.
Mesa Laboratories (MLAB) Operating Expenses (2010 - 2025) Analysis & Trends
Mesa Laboratories (MLAB) has 16 years of Operating Expenses data on file, last reported at $33.8 million in Q4 2025.
- Quarterly Operating Expenses changed 0.46% year-over-year to $33.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $137.2 million (down 66.15% YoY) and the FY2025 annual result came in at $134.5 million, down 66.81% from the prior year.
- Operating Expenses grew to $33.8 million in Q4 2025 per MLAB's latest filing, from $32.6 million in the prior quarter.
- The five-year high for Operating Expenses was $307.8 million in Q1 2024, with the low at $18.9 million in Q3 2021.
- Average Operating Expenses over 5 years is $44.8 million, with a median of $32.5 million recorded in 2022.
- Year-over-year, Operating Expenses surged 841.87% in 2024 and plunged 88.0% in 2025.
- Mesa Laboratories' Operating Expenses stood at $31.1 million in 2021, then declined by 5.7% to $29.4 million in 2022, then advanced by 13.98% to $33.5 million in 2023, then rose by 1.51% to $34.0 million in 2024, then fell by 0.46% to $33.8 million in 2025.
- Business Quant data shows MLAB's Operating Expenses at $33.8 million in Q4 2025, $32.6 million in Q3 2025, and $33.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coherent | 3,591.32 Bn | 3,590.02 Bn | 679.95 Mn | 1.62 Bn |
| 2 | Novanta | 69.39 Bn | 69.00 Bn | 113.58 Mn | 86.04 Mn |
| 3 | Keysight Technologies | 57.75 Bn | 55.57 Bn | 995.00 Mn | 1.35 Bn |
| 4 | Teledyne Technologies | 30.63 Bn | 30.33 Bn | 673.80 Mn | 1.27 Bn |
| 5 | Fortive | 19.14 Bn | 18.79 Bn | 675.50 Mn | 483.80 Mn |
| 6 | Trimble | 12.33 Bn | 12.10 Bn | 646.30 Mn | 502.30 Mn |
| 7 | Cognex | 11.87 Bn | 11.58 Bn | 190.94 Mn | 131.07 Mn |
| 8 | Sensata Technologies Holding | 6.78 Bn | 6.14 Bn | 286.30 Mn | 793.20 Mn |
| 9 | Garmin | 4.63 Bn | 1.93 Bn | 1.04 Bn | 610.62 Mn |
| 10 | Mesa Laboratories | 577.49 Mn | 547.02 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 |