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% quarter-over-quarter from $16.9 million in Q4 2025.
Maxcyte (MXCT) Operating Expenses (2020 - 2026) Analysis & Trends
Maxcyte (MXCT) has 7 years of Operating Expenses data on file, last reported at $14.3 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at $14.3 million, down 32.66% year-over-year; the trailing twelve-month figure through Mar 2026 was $71.8 million (down 12.14% YoY), and the FY2025 annual result was $78.7 million, down 4.86% from the prior year.
- Operating Expenses eased to $14.3 million in Q1 2026 per MXCT's latest filing, from $16.9 million in the prior quarter.
- Over five years, Operating Expenses peaked at $22.2 million in Q1 2024 and troughed at $14.3 million in Q1 2026.
- A 5-year average of $19.2 million and a median of $20.3 million in 2024 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2026: Operating Expenses jumped 60.38% in 2022, then tumbled 32.66% in 2026.
- A 5-year view of Operating Expenses shows it stood at $17.6 million in 2022, then increased by 25.87% to $22.2 million in 2023, then slipped by 12.96% to $19.3 million in 2024, then dropped by 12.41% to $16.9 million in 2025, then slipped by 15.66% to $14.3 million in 2026.
- Business Quant data shows MXCT's Operating Expenses at $14.3 million in Q1 2026, $16.9 million in Q4 2025, and $19.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 154.42 Bn | 147.76 Bn | 6.27 Bn | 9.82 Bn |
| 2 | Stryker | 118.12 Bn | 115.25 Bn | 3.81 Bn | 2.87 Bn |
| 3 | Medtronic | 101.72 Bn | 93.55 Bn | 5.76 Bn | 3.76 Bn |
| 4 | Boston Scientific | 67.19 Bn | 65.98 Bn | 3.61 Bn | 2.51 Bn |
| 5 | Edwards Lifesciences | 50.69 Bn | 47.02 Bn | 1.29 Bn | 822.60 Mn |
| 6 | Koninklijke Philips | 29.38 Bn | 26.07 Bn | 2.07 Bn | -668.50 Mn |
| 7 | Dexcom | 28.09 Bn | 26.97 Bn | 750.30 Mn | 495.00 Mn |
| 8 | GE HealthCare Technologies | 28.08 Bn | 26.02 Bn | 1.98 Bn | 1.46 Bn |
| 9 | Steris | 19.80 Bn | 19.37 Bn | 697.10 Mn | 380.30 Mn |
| 10 | Maxcyte | 127.72 Mn | 127.72 Mn | 8.08 Mn | 14.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |