Mesa Laboratories (MLAB) Operating Expenses (2010 - 2026)
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 - 2026) Analysis & Trends
Mesa Laboratories has reported Operating Expenses for 16 years, with the latest figure 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.
- Over five years, Operating Expenses peaked at $307.8 million in Q1 2024 and troughed at $18.9 million in Q3 2021.
- A 5-year average of $48.2 million and a median of $33.1 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 841.87% in 2024, then slumped 88.0% in 2025.
- Over 5 years, Operating Expenses stood at $31.1 million in 2021, then dropped by 5.7% to $29.4 million in 2022, then gained by 13.98% to $33.5 million in 2023, then increased by 1.51% to $34.0 million in 2024, then declined by 0.46% to $33.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $33.8 million, $32.6 million, and $33.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Garmin | 56.50 Bn | 53.83 Bn | 1.26 Bn | 646.51 Mn |
| 2 | Keysight Technologies | 54.05 Bn | 51.64 Bn | 1.18 Bn | 1.31 Bn |
| 3 | Coherent | 51.08 Bn | 49.09 Bn | 787.08 Mn | 1.77 Bn |
| 4 | Teledyne Technologies | 29.39 Bn | 29.05 Bn | 738.10 Mn | 1.33 Bn |
| 5 | Mks | 19.03 Bn | 18.41 Bn | 595.00 Mn | 282.00 Mn |
| 6 | Fortive | 18.08 Bn | 17.71 Bn | 695.30 Mn | 485.40 Mn |
| 7 | Trimble | 13.91 Bn | 13.70 Bn | 674.90 Mn | 542.90 Mn |
| 8 | Cognex | 9.98 Bn | 9.58 Bn | 205.77 Mn | 120.26 Mn |
| 9 | Esco Technologies | 7.37 Bn | 7.30 Bn | 141.52 Mn | 298.07 Mn |
| 10 | Mesa Laboratories | 674.43 Mn | 642.19 Mn | 39.01 Mn | 31.98 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 31.98 Mn |
| Mar 31, 2026 | 39.46 Mn |
| 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 | 64.02 Mn |
| Jun 30, 2023 | 31.85 Mn |
| Mar 31, 2023 | 32.68 Mn |
| Dec 31, 2022 | 29.36 Mn |
| Sep 30, 2022 | 68.33 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 |