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
DateValue
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