Neogen (NEOG) Operating Expenses (2010 - 2026)
Neogen (NEOG) posted Operating Expenses of $104.7 million for Q2 2026, up 2.35% on a QoQ basis from $102.3 million in Q1 2026, and down 85.13% year-over-year from $704.1 million in Q2 2025.
Analysis
Neogen (NEOG) Operating Expenses (2010 - 2026) Analysis & Trends
Neogen has reported Operating Expenses for 17 years, with the latest figure at $104.7 million in Q2 2026.
- On a quarterly basis, Operating Expenses fell 85.13% year-over-year to $104.7 million in Q2 2026; TTM through May 2026 was $430.1 million, a 70.99% decrease from a year earlier, with the FY2026 full-year figure at $430.1 million, down 70.99% from the prior year.
- Operating Expenses was $104.7 million for Q2 2026 at Neogen, up from $102.3 million in the prior quarter.
- The five-year high for Operating Expenses was $704.1 million in Q2 2025, with the low at $47.0 million in Q2 2022.
- Average Operating Expenses over 5 years is $154.7 million, with a median of $102.5 million recorded in 2023.
- The sharpest annual moves came in 2025 and 2026: Operating Expenses soared 600.56% in 2025, then tumbled 85.13% in 2026.
- Over 5 years, Operating Expenses stood at $120.2 million in 2022, then declined by 14.88% to $102.3 million in 2023, then soared by 457.93% to $570.8 million in 2024, then sank by 80.37% to $112.1 million in 2025, then fell by 6.57% to $104.7 million in 2026.
- The last three Operating Expenses figures came in at $104.7 million (Q2 2026), $102.3 million (Q1 2026), and $112.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.85 Bn | 27.74 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.57 Bn | 5.98 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 4.11 Bn | 3.74 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.59 Bn | 2.40 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.99 Bn | 1.87 Bn | 23.29 Mn | 36.95 Mn |
| 6 | Ceribell | 924.56 Mn | 795.30 Mn | 25.94 Mn | 45.92 Mn |
| 7 | QuidelOrtho | 874.92 Mn | 751.52 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 53.90 Mn |
| 9 | Prenetics Global | 340.90 Mn | 281.85 Mn | 30.20 Mn | -10.82 Mn |
| 10 | CapsoVision | 324.09 Mn | 315.02 Mn | 1.87 Mn | 9.45 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| May 31, 2026 | 104.70 Mn |
| Feb 28, 2026 | 102.30 Mn |
| Nov 30, 2025 | 112.06 Mn |
| Aug 31, 2025 | 111.06 Mn |
| May 31, 2025 | 704.10 Mn |
| Feb 28, 2025 | 104.90 Mn |
| Nov 30, 2024 | 570.81 Mn |
| Aug 31, 2024 | 102.67 Mn |
| May 31, 2024 | 100.51 Mn |
| Feb 29, 2024 | 104.86 Mn |
| Nov 30, 2023 | 102.31 Mn |
| Aug 31, 2023 | 97.63 Mn |
| May 31, 2023 | 99.76 Mn |
| Feb 28, 2023 | 92.28 Mn |
| Nov 30, 2022 | 120.20 Mn |
| Aug 31, 2022 | 56.21 Mn |
| May 31, 2022 | 46.97 Mn |
| Feb 28, 2022 | 51.04 Mn |
| Nov 30, 2021 | 48.13 Mn |
| Aug 31, 2021 | 38.26 Mn |