Maxcyte (MXCT) Operating Expenses (2020 - 2026)

Maxcyte (MXCT) reported Operating Expenses of $14.3 million for Q1 2026, down 32.66% year-over-year from $21.2 million in Q1 2025, and down 15.66% on a QoQ basis from $16.9 million in Q4 2025.

Maxcyte (MXCT) has 7 years of Operating Expenses data on file, last reported at $14.3 million in Q1 2026.

  • Quarterly Operating Expenses fell 32.66% year-over-year to $14.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $71.8 million (down 12.14% YoY) and the FY2025 annual result came in at $78.7 million, down 4.86% from the prior year.
  • Operating Expenses declined to $14.3 million in Q1 2026 per MXCT's latest filing, from $16.9 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $22.2 million in Q1 2024 and bottomed at $14.3 million in Q1 2026.
  • The 5-year median for Operating Expenses is $20.3 million (2024), against an average of $19.2 million.
  • The widest annual swing landed in 2022, when Operating Expenses surged 60.38%; it then sank 32.66% in 2026.
  • Tracing MXCT's Operating Expenses over 5 years: stood at $17.6 million in 2022, then climbed by 25.87% to $22.2 million in 2023, then retreated by 12.96% to $19.3 million in 2024, then decreased by 12.41% to $16.9 million in 2025, then retreated by 15.66% to $14.3 million in 2026.
  • Per Business Quant, the three latest MXCT Operating Expenses figures stand at $14.3 million (Q1 2026), $16.9 million (Q4 2025), and $19.4 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Abbott Laboratories 152.82 Bn 146.17 Bn 6.27 Bn 9.82 Bn
2 Stryker 115.07 Bn 112.19 Bn 3.81 Bn 2.87 Bn
3 Medtronic 95.25 Bn 87.08 Bn 5.76 Bn 3.76 Bn
4 Boston Scientific 71.38 Bn 70.17 Bn 3.61 Bn 2.51 Bn
5 Edwards Lifesciences 51.08 Bn 47.41 Bn 1.29 Bn 822.60 Mn
6 Koninklijke Philips 29.38 Bn 26.07 Bn 2.07 Bn -668.50 Mn
7 Dexcom 28.84 Bn 27.72 Bn 750.30 Mn 495.00 Mn
8 GE HealthCare Technologies 28.56 Bn 26.49 Bn 1.98 Bn 1.46 Bn
9 Steris 20.71 Bn 20.30 Bn 697.10 Mn 380.30 Mn
10 Maxcyte 129.85 Mn 129.85 Mn 8.08 Mn 14.27 Mn

Historic Data

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DateValue
Mar 31, 2026 14.27 Mn
Dec 31, 2025 16.92 Mn
Sep 30, 2025 19.38 Mn
Jun 30, 2025 21.22 Mn
Mar 31, 2025 21.19 Mn
Dec 31, 2024 19.31 Mn
Sep 30, 2024 20.29 Mn
Jun 30, 2024 20.91 Mn
Mar 31, 2024 22.21 Mn
Dec 31, 2023 22.19 Mn
Sep 30, 2023 21.16 Mn
Jun 30, 2023 20.74 Mn
Mar 31, 2023 20.75 Mn
Dec 31, 2022 17.63 Mn
Sep 30, 2022 16.99 Mn
Jun 30, 2022 17.23 Mn
Mar 31, 2022 14.68 Mn
Dec 31, 2021 13.88 Mn
Sep 30, 2021 11.64 Mn
Jun 30, 2021 10.74 Mn
Mar 31, 2021 12.17 Mn
Dec 31, 2020 9.99 Mn
Sep 30, 2020 8.87 Mn
Jun 30, 2020 7.53 Mn