Nano-X Imaging (NNOX) Operating Expenses (2019 - 2026)
Nano-X Imaging's (NNOX) quarterly Operating Expenses came in at $12.0 million in Q1 2026, up 8.41% on a YoY basis from $11.0 million in Q1 2025, and down 62.36% quarter-over-quarter from $31.8 million in Q4 2025.
Analysis
Nano-X Imaging (NNOX) Operating Expenses (2019 - 2026) Analysis & Trends
Nano-X Imaging (NNOX) has reported Operating Expenses for 8 consecutive years, with $12.0 million the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 8.41% year-over-year to $12.0 million; the trailing twelve-month figure through Mar 2026 stood at $66.4 million (up 43.96% YoY), and the FY2025 full-year result was $65.4 million, up 41.85% from the prior year.
- Operating Expenses retreated to $12.0 million in Q1 2026 per NNOX's latest filing, from $31.8 million in the prior quarter.
- Across five years, Operating Expenses topped out at $52.0 million in Q4 2022 and bottomed at $9.0 million in Q4 2023.
- Historically, Operating Expenses has averaged $17.1 million across 5 years, with a median of $12.0 million in 2026.
- The sharpest annual moves came in 2023 and 2025: Operating Expenses slumped 82.75% in 2023, then jumped 163.14% in 2025.
- Over 5 years, Operating Expenses stood at $52.0 million in 2022, then plunged by 82.75% to $9.0 million in 2023, then surged by 34.71% to $12.1 million in 2024, then surged by 163.14% to $31.8 million in 2025, then plunged by 62.36% to $12.0 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $12.0 million, $31.8 million, and $11.4 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | GE HealthCare Technologies | 29.54 Bn | 27.44 Bn | 2.18 Bn | 1.44 Bn |
| 2 | Lantheus Holdings | 6.56 Bn | 5.97 Bn | 241.86 Mn | 103.44 Mn |
| 3 | Heartflow | 4.04 Bn | 3.66 Bn | 53.19 Mn | 71.09 Mn |
| 4 | Neogen | 2.59 Bn | 2.41 Bn | 107.80 Mn | 104.70 Mn |
| 5 | Butterfly Network | 1.96 Bn | 1.84 Bn | 23.29 Mn | 36.95 Mn |
| 6 | Ceribell | 928.74 Mn | 799.48 Mn | 25.94 Mn | 45.92 Mn |
| 7 | QuidelOrtho | 866.04 Mn | 742.64 Mn | - | - |
| 8 | Varex Imaging | 779.06 Mn | 679.86 Mn | 76.70 Mn | 53.90 Mn |
| 9 | Prenetics Global | 339.99 Mn | 280.94 Mn | 30.20 Mn | -10.82 Mn |
| 10 | Nano-X Imaging | 50.38 Mn | 6.16 Mn | -2.59 Mn | 11.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 11.97 Mn |
| Dec 31, 2025 | 31.80 Mn |
| Sep 30, 2025 | 11.35 Mn |
| Jun 30, 2025 | 11.25 Mn |
| Mar 31, 2025 | 11.04 Mn |
| Dec 31, 2024 | 12.09 Mn |
| Sep 30, 2024 | 11.33 Mn |
| Jun 30, 2024 | 11.65 Mn |
| Mar 31, 2024 | 11.07 Mn |
| Dec 31, 2023 | 8.97 Mn |
| Sep 30, 2023 | 20.33 Mn |
| Jun 30, 2023 | 16.14 Mn |
| Mar 31, 2023 | 10.56 Mn |
| Dec 31, 2022 | 52.01 Mn |
| Sep 30, 2022 | 18.37 Mn |
| Jun 30, 2022 | 20.43 Mn |
| Mar 31, 2022 | 20.02 Mn |
| Dec 31, 2021 | 20.40 Mn |
| Sep 30, 2021 | 13.48 Mn |
| Jun 30, 2021 | 13.52 Mn |