AVITA Medical (RCEL) Operating Expenses (2018 - 2026)
AVITA Medical's (RCEL) quarterly Operating Expenses came in at $24.7 million in Q4 2025, down 5.23% YoY from $26.1 million in Q4 2024, and up 7.34% on a QoQ basis from $23.0 million in Q3 2025.
AVITA Medical (RCEL) Operating Expenses (2018 - 2026) Analysis & Trends
AVITA Medical (RCEL) has 8 years of Operating Expenses data on file, last reported at $24.7 million in Q4 2025.
- Quarterly Operating Expenses fell 5.23% year-over-year to $24.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $101.4 million (down 9.3% YoY) and the FY2025 annual result came in at $101.4 million, down 9.31% from the prior year.
- Operating Expenses improved to $24.7 million in Q4 2025, from $23.0 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $38.8 million in Q3 2021 to a low of $13.2 million in Q1 2021.
- A 5-year average of $23.7 million and a median of $24.7 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2021 — Operating Expenses jumped 159.89% — and 2022, when it sank 63.39%.
- Tracing RCEL's Operating Expenses over 5 years: stood at $38.8 million in 2021, then tumbled by 54.7% to $17.6 million in 2022, then surged by 40.6% to $24.7 million in 2023, then increased by 5.47% to $26.1 million in 2024, then dropped by 5.23% to $24.7 million in 2025.
- The last three Operating Expenses figures came in at $24.7 million (Q4 2025), $23.0 million (Q3 2025), and $26.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 199.24 Bn | 193.64 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Stryker | 128.63 Bn | 125.15 Bn | 4.50 Bn | 2.84 Bn |
| 3 | Medtronic | 119.19 Bn | 109.97 Bn | 6.41 Bn | 3.59 Bn |
| 4 | Boston Scientific | 73.51 Bn | 72.97 Bn | 3.85 Bn | 2.67 Bn |
| 5 | Edwards Lifesciences | 52.11 Bn | 47.85 Bn | 1.35 Bn | 846.40 Mn |
| 6 | Dexcom | 34.64 Bn | 32.70 Bn | 830.00 Mn | 511.70 Mn |
| 7 | GE HealthCare Technologies | 34.01 Bn | 31.90 Bn | 2.18 Bn | 1.44 Bn |
| 8 | Koninklijke Philips | 26.40 Bn | 23.08 Bn | 4.55 Bn | -741.59 Mn |
| 9 | Steris | 23.14 Bn | 22.65 Bn | 684.20 Mn | 398.30 Mn |
| 10 | AVITA Medical | 308.73 Mn | 297.59 Mn | 17.77 Mn | 24.62 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.62 Mn |
| Dec 31, 2025 | 24.72 Mn |
| Sep 30, 2025 | 23.03 Mn |
| Jun 30, 2025 | 26.10 Mn |
| Mar 31, 2025 | 27.51 Mn |
| Dec 31, 2024 | 26.08 Mn |
| Sep 30, 2024 | 30.16 Mn |
| Jun 30, 2024 | 28.71 Mn |
| Mar 31, 2024 | 26.80 Mn |
| Dec 31, 2023 | 24.73 Mn |
| Sep 30, 2023 | 21.05 Mn |
| Jun 30, 2023 | 21.24 Mn |
| Mar 31, 2023 | 19.42 Mn |
| Dec 31, 2022 | 17.59 Mn |
| Sep 30, 2022 | 14.21 Mn |
| Mar 31, 2022 | 15.98 Mn |
| Sep 30, 2021 | 38.83 Mn |
| Jun 30, 2021 | 26.58 Mn |
| Mar 31, 2021 | 13.18 Mn |
| Dec 31, 2020 | 10.36 Mn |