Maxcyte (MXCT) Operating Expenses (2020 - 2026)
Maxcyte (MXCT) posted quarterly 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 reported Operating Expenses for 7 consecutive years, with $14.3 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 32.66% year-over-year to $14.3 million; the TTM figure through Mar 2026 stood at $71.8 million (down 12.14% YoY), while the FY2025 annual figure was $78.7 million, down 4.86% from the prior year.
- Operating Expenses retreated 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.
- Historically, Operating Expenses has averaged $19.2 million across 5 years, with a median of $20.3 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 60.38% — and 2026, when it tumbled 32.66%.
- Maxcyte's Operating Expenses stood at $17.6 million in 2022, then rose by 25.87% to $22.2 million in 2023, then dropped by 12.96% to $19.3 million in 2024, then declined by 12.41% to $16.9 million in 2025, then dropped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.20 Bn | 193.60 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 127.66 Bn | 124.19 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 118.98 Bn | 109.76 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 73.25 Bn | 72.71 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 51.93 Bn | 47.68 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.37 Bn | 32.42 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 33.89 Bn | 31.78 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.36 Bn | 23.04 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.03 Bn | 22.55 Bn | 684.20 Mn | 398.30 Mn |
| 10 | Maxcyte | 148.48 Mn | 148.48 Mn | 5.60 Mn | 15.83 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.83 Mn |
| 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 |