Maravai Lifesciences Holdings (MRVI) Operating Expenses (2020 - 2026)
Maravai Lifesciences Holdings (MRVI) reported Operating Expenses of $35.74 million for Q2 2026, down 51.7% from $74.05 million a year earlier and down 0.3% from the prior quarter.
Powered by 
Analysis
Maravai Lifesciences Holdings (MRVI) Operating Expenses (2020 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Maravai Lifesciences Holdings' Operating Expenses came in at $189.92 million, down 50.8% year-over-year; for FY2025, it came in at $249.26 million, down 27.5% from FY2024.
- Operating Expenses has a five-year compound annual growth rate of 8.7% (FY2020 to FY2025).
- By year, Operating Expenses came in at $343.93 million in FY2024 (+100.1%), $171.85 million in FY2023 (-44.3%), $308.79 million in FY2022 (+26.2%) and $244.6 million in FY2021 (+49.0%).
- The Q2 2026 figure ranks as the lowest quarterly Operating Expenses since Q4 2023.
- Year over year, Operating Expenses gained in two of the last seven quarters, with an average decline of 5.9%.
- The high point for year-over-year Operating Expenses in five years was Q3 2024 (growth of 140.5%); the low point was Q3 2025 (a decline of 76.4%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.86 million (Q1 2026), $71.64 million (Q4 2025) and $46.69 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 250.84 Bn | 229.99 Bn | 4.88 Bn | 9.91 Bn |
| 2 | Abbott Laboratories | 174.73 Bn | 145.82 Bn | 7.27 Bn | 10.90 Bn |
| 3 | Danaher | 159.85 Bn | 143.67 Bn | 3.61 Bn | 2.48 Bn |
| 4 | Intuitive Surgical | 146.79 Bn | 126.35 Bn | 1.96 Bn | 988.50 Mn |
| 5 | Medtronic | 114.54 Bn | 80.41 Bn | 6.34 Bn | 4.06 Bn |
| 6 | Stryker | 105.67 Bn | 91.79 Bn | 4.50 Bn | 2.84 Bn |
| 7 | Boston Scientific | 63.93 Bn | 58.94 Bn | 3.85 Bn | 2.67 Bn |
| 8 | Becton Dickinson | 50.12 Bn | 47.27 Bn | 2.32 Bn | 4.32 Bn |
| 9 | Edwards Lifesciences | 50.06 Bn | 34.17 Bn | 1.35 Bn | 840.10 Mn |
| 10 | Maravai Lifesciences Holdings | 1.98 Bn | 1.44 Bn | 20.65 Mn | 35.74 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 35.74 Mn |
| Mar 31, 2026 | 35.86 Mn |
| Dec 31, 2025 | 71.64 Mn |
| Sep 30, 2025 | 46.69 Mn |
| Jun 30, 2025 | 74.05 Mn |
| Mar 31, 2025 | 56.89 Mn |
| Dec 31, 2024 | 57.09 Mn |
| Sep 30, 2024 | 197.85 Mn |
| Jun 30, 2024 | 82.86 Mn |
| Mar 31, 2024 | 83.04 Mn |
| Dec 31, 2023 | -67.45 Mn |
| Sep 30, 2023 | 82.28 Mn |
| Jun 30, 2023 | 80.53 Mn |
| Mar 31, 2023 | 76.49 Mn |
| Dec 31, 2022 | 95.47 Mn |
| Sep 30, 2022 | 74.36 Mn |
| Jun 30, 2022 | 62.03 Mn |
| Mar 31, 2022 | 76.93 Mn |
| Dec 31, 2021 | 73.90 Mn |
| Sep 30, 2021 | 49.43 Mn |
API Access
Maravai Lifesciences Holdings 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=MRVI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "MRVI", "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=MRVI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();