TransMedics Group, Inc. (TMDX) Operating Expenses (2018 - 2026)
TransMedics' Operating Expenses came in at $89.46 million for Q2 2026, up 49.0% from $60.02 million a year earlier and up 1.8% from the prior quarter.
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Analysis
TransMedics Group, Inc. (TMDX) Operating Expenses (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, TransMedics reported Operating Expenses of $310.74 million, up 28.9% year-over-year; for FY2025, it came in at $254.22 million, up 13.2% from FY2024.
- Operating Expenses has increased in each of the last five years, with a five-year compound annual growth rate of 42.7% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $224.59 million in FY2024 (+22.8%), $182.82 million in FY2023 (+89.0%), $96.71 million in FY2022 (+59.6%) and $60.59 million in FY2021 (+40.8%).
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q1 2018.
- Year-over-year, Operating Expenses has increased for seven consecutive quarters, with growth averaging 21.4% over the last eight quarters.
- The fastest year-over-year change in Operating Expenses over five years came in Q3 2023 (growth of 191.6%), and the weakest in Q3 2024 (a decline of 17.5%).
- Business Quant data shows TMDX's Operating Expenses at $87.86 million (Q1 2026), $72.14 million (Q4 2025) and $61.28 million (Q3 2025) in the three quarters before Q2 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 89.46 Mn |
| Mar 31, 2026 | 87.86 Mn |
| Dec 31, 2025 | 72.14 Mn |
| Sep 30, 2025 | 61.28 Mn |
| Jun 30, 2025 | 60.02 Mn |
| Mar 31, 2025 | 60.79 Mn |
| Dec 31, 2024 | 63.37 Mn |
| Sep 30, 2024 | 56.92 Mn |
| Jun 30, 2024 | 56.75 Mn |
| Mar 31, 2024 | 47.54 Mn |
| Dec 31, 2023 | 45.32 Mn |
| Sep 30, 2023 | 69.00 Mn |
| Jun 30, 2023 | 37.65 Mn |
| Mar 31, 2023 | 30.86 Mn |
| Dec 31, 2022 | 27.48 Mn |
| Sep 30, 2022 | 23.66 Mn |
| Jun 30, 2022 | 24.10 Mn |
| Mar 31, 2022 | 21.47 Mn |
| Dec 31, 2021 | 18.31 Mn |
| Sep 30, 2021 | 15.50 Mn |
API Access
TransMedics Group, Inc. Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TMDX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TMDX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TMDX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();