Nano-X Imaging (NNOX) Operating Expenses (2019 - 2025)

Nano-X Imaging (NNOX) reported Operating Expenses of $31.8 million for Q4 2025, up 163.14% on a YoY basis from $12.1 million in Q4 2024, and up 180.11% quarter-over-quarter from $11.4 million in Q3 2025.

Nano-X Imaging (NNOX) Operating Expenses (2019 - 2025) Analysis & Trends

Nano-X Imaging has reported Operating Expenses for 7 years, with the latest figure at $31.8 million in Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 163.14% year-over-year to $31.8 million; the trailing twelve-month figure through Dec 2025 stood at $65.4 million (up 41.85% YoY), and the FY2025 full-year result was $65.4 million, up 41.85% from the prior year.
  • Operating Expenses for Q4 2025 stood at $31.8 million, up from $11.4 million in the prior quarter.
  • The five-year high for Operating Expenses was $52.0 million in Q4 2022, with the low at $9.0 million in Q4 2023.
  • Historically, Operating Expenses has averaged $16.9 million across 5 years, with a median of $13.1 million in 2021.
  • Annual changes were most pronounced in 2021 — Operating Expenses soared 2161.97% — and 2023, when it sank 82.75%.
  • Nano-X Imaging's Operating Expenses stood at $20.4 million in 2021, then surged by 154.91% to $52.0 million in 2022, then slumped by 82.75% to $9.0 million in 2023, then soared by 34.71% to $12.1 million in 2024, then soared by 163.14% to $31.8 million in 2025.
  • The last three Operating Expenses figures came in at $31.8 million (Q4 2025), $11.4 million (Q3 2025), and $11.3 million (Q2 2025), per Business Quant data.

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 Nano-X Imaging 3.62 Mn -55.99 Mn -3.62 Mn 31.80 Mn

Historic Data

Download Data
DateValue
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
Mar 31, 2021 12.65 Mn