Milestone Scientific (MLSS) Operating Expenses (2010 - 2026)
Milestone Scientific (MLSS) recorded Operating Expenses of $2.39 million in Q1 2026, down 34.4% from $3.65 million a year earlier and down 7.3% from the prior quarter.
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Analysis
Milestone Scientific (MLSS) Operating Expenses (2010 - 2026) Analysis & Trends
On a TTM basis, Milestone Scientific's Operating Expenses came in at $10.85 million as of Mar 31, 2026, down 20.8% year-over-year; for FY2025, it was $12.1 million, down 8.2% from FY2024.
- Annual Operating Expenses has a five-year compound annual growth rate of 1.8% (FY2020 to FY2025).
- Across earlier years, Operating Expenses came in at $13.19 million in FY2024 (-5.1%), $13.9 million in FY2023 (+1.2%), $13.73 million in FY2022 (+0.3%) and $13.69 million in FY2021 (+23.6%).
- The Q1 2026 figure is the lowest quarterly Operating Expenses since Q3 2020.
- On a year-over-year basis, Operating Expenses has declined for four consecutive quarters, with an average decline of 9.5% over the last eight quarters.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 44.4% in Q3 2021, against a decline of 34.4% in Q1 2026 at the low end.
- Per Business Quant, the preceding three quarters came in at $2.58 million (Q4 2025), $2.78 million (Q3 2025) and $3.1 million (Q2 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 249.71 Bn | 228.86 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 171.00 Bn | 142.08 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 155.79 Bn | 139.61 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 143.91 Bn | 123.46 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 110.42 Bn | 76.29 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 105.71 Bn | 91.82 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.26 Bn | 58.27 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Edwards Lifesciences | 49.80 Bn | 33.91 Bn | 1.35 Bn | 840.10 Mn |
| 9 | Becton Dickinson | 48.78 Bn | 45.93 Bn | 2.32 Bn | 4.32 Bn |
| 10 | Milestone Scientific | 32.99 Mn | 28.03 Mn | 1.56 Mn | 2.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 2.39 Mn |
| Dec 31, 2025 | 2.58 Mn |
| Sep 30, 2025 | 2.78 Mn |
| Jun 30, 2025 | 3.10 Mn |
| Mar 31, 2025 | 3.65 Mn |
| Dec 31, 2024 | 3.55 Mn |
| Sep 30, 2024 | 3.31 Mn |
| Jun 30, 2024 | 3.19 Mn |
| Mar 31, 2024 | 3.14 Mn |
| Dec 31, 2023 | 3.49 Mn |
| Sep 30, 2023 | 3.01 Mn |
| Jun 30, 2023 | 4.17 Mn |
| Mar 31, 2023 | 3.23 Mn |
| Dec 31, 2022 | 3.10 Mn |
| Sep 30, 2022 | 3.47 Mn |
| Jun 30, 2022 | 3.57 Mn |
| Mar 31, 2022 | 3.60 Mn |
| Dec 31, 2021 | 3.32 Mn |
| Sep 30, 2021 | 3.34 Mn |
| Jun 30, 2021 | 4.24 Mn |
API Access
Milestone Scientific Operating Expenses 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=operating-expenses&ticker=MLSS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MLSS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=MLSS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();