Sanara MedTech (SMTI) Operating Expenses (2010 - 2026)
Sanara MedTech (SMTI) reported Operating Expenses of $23.2 million for Q1 2026, up 11.82% on a YoY basis from $20.8 million in Q1 2025, and down 5.66% quarter-over-quarter from $24.6 million in Q4 2025.
Sanara MedTech (SMTI) Operating Expenses (2010 - 2026) Analysis & Trends
Sanara MedTech has reported Operating Expenses for 16 years, with the latest figure at $23.2 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 11.82% year-over-year to $23.2 million; the trailing twelve-month figure through Mar 2026 stood at $93.3 million (up 13.07% YoY), and the FY2025 full-year result was $88.3 million, up 14.26% from the prior year.
- Operating Expenses for Q1 2026 stood at $23.2 million, down from $24.6 million in the prior quarter.
- The five-year high for Operating Expenses was $24.6 million in Q4 2025, with the low at $9.8 million in Q1 2022.
- Historically, Operating Expenses has averaged $18.1 million across 5 years, with a median of $18.2 million in 2024.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 96.19% — and 2023, when it climbed 0.36%.
- Sanara MedTech's Operating Expenses stood at $16.1 million in 2022, then increased by 0.36% to $16.1 million in 2023, then surged by 35.15% to $21.8 million in 2024, then grew by 12.96% to $24.6 million in 2025, then fell by 5.66% to $23.2 million in 2026.
- The last three Operating Expenses figures came in at $23.2 million (Q1 2026), $24.6 million (Q4 2025), and $21.5 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Intuitive Surgical | 148.09 Bn | 143.69 Bn | 1.83 Bn | 975.20 Mn |
| 2 | Becton Dickinson | 41.00 Bn | 39.99 Bn | 2.15 Bn | 4.62 Bn |
| 3 | Medline | 30.38 Bn | 36.22 Bn | 1.84 Bn | 1.42 Bn |
| 4 | Resmed | 28.22 Bn | 26.56 Bn | 890.98 Mn | 391.17 Mn |
| 5 | West Pharmaceutical Services | 23.72 Bn | 23.19 Bn | 296.40 Mn | 115.30 Mn |
| 6 | Solventum | 13.33 Bn | 13.33 Bn | 1.10 Bn | 1.02 Bn |
| 7 | Cooper Companies | 13.12 Bn | 12.99 Bn | 735.40 Mn | 718.70 Mn |
| 8 | Align Technology | 12.86 Bn | 11.80 Bn | 736.59 Mn | 594.63 Mn |
| 9 | Baxter International | 10.51 Bn | 8.47 Bn | 891.00 Mn | 867.00 Mn |
| 10 | Sanara MedTech | 196.68 Mn | 183.08 Mn | 25.87 Mn | 23.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 23.23 Mn |
| Dec 31, 2025 | 24.62 Mn |
| Sep 30, 2025 | 21.52 Mn |
| Jun 30, 2025 | 23.92 Mn |
| Mar 31, 2025 | 20.77 Mn |
| Dec 31, 2024 | 21.80 Mn |
| Sep 30, 2024 | 18.90 Mn |
| Jun 30, 2024 | 21.03 Mn |
| Mar 31, 2024 | 18.18 Mn |
| Dec 31, 2023 | 16.13 Mn |
| Sep 30, 2023 | 15.18 Mn |
| Jun 30, 2023 | 15.43 Mn |
| Mar 31, 2023 | 14.61 Mn |
| Dec 31, 2022 | 16.07 Mn |
| Sep 30, 2022 | 14.05 Mn |
| Jun 30, 2022 | 12.10 Mn |
| Mar 31, 2022 | 9.78 Mn |
| Dec 31, 2021 | 9.66 Mn |
| Sep 30, 2021 | 7.16 Mn |
| Jun 30, 2021 | 6.77 Mn |