TransMedics (TMDX) Operating Expenses (2018 - 2026)
TransMedics (TMDX) posted Operating Expenses of $89.5 million for Q2 2026, up 1.82% on a QoQ basis from $87.9 million in Q1 2026, and up 49.05% year-over-year from $60.0 million in Q2 2025.
Analysis
TransMedics (TMDX) Operating Expenses (2018 - 2026) Analysis & Trends
TransMedics has reported Operating Expenses for 9 years, with the latest figure at $89.5 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 49.05% year-over-year to $89.5 million in Q2 2026; TTM through Jun 2026 was $310.7 million, a 28.89% increase from a year earlier, with the FY2025 full-year figure at $254.2 million, up 13.2% from the prior year.
- Operating Expenses was $89.5 million for Q2 2026 at TransMedics, up from $87.9 million in the prior quarter.
- The five-year high for Operating Expenses was $89.5 million in Q2 2026, with the low at $21.5 million in Q1 2022.
- Average Operating Expenses over 5 years is $52.0 million, with a median of $56.8 million recorded in 2024.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses surged 191.63% in 2023, then decreased 17.5% in 2024.
- Over 5 years, Operating Expenses stood at $27.5 million in 2022, then jumped by 64.91% to $45.3 million in 2023, then surged by 39.82% to $63.4 million in 2024, then increased by 13.84% to $72.1 million in 2025, then rose by 24.01% to $89.5 million in 2026.
- The last three Operating Expenses figures came in at $89.5 million (Q2 2026), $87.9 million (Q1 2026), and $72.1 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Abbott Laboratories | 183.04 Bn | 177.44 Bn | 7.27 Bn | 10.90 Bn |
| 2 | Intuitive Surgical | 125.02 Bn | 119.81 Bn | 1.96 Bn | 988.50 Mn |
| 3 | Medtronic | 117.84 Bn | 109.02 Bn | 6.34 Bn | 3.97 Bn |
| 4 | Stryker | 105.50 Bn | 102.02 Bn | 4.50 Bn | 2.84 Bn |
| 5 | Boston Scientific | 66.27 Bn | 65.73 Bn | 3.85 Bn | 2.67 Bn |
| 6 | Edwards Lifesciences | 49.60 Bn | 45.35 Bn | 1.35 Bn | 846.40 Mn |
| 7 | Alcon | 33.70 Bn | 32.24 Bn | 1.68 Bn | -1.63 Bn |
| 8 | Dexcom | 32.06 Bn | 30.11 Bn | 830.00 Mn | 511.70 Mn |
| 9 | Steris | 21.02 Bn | 20.54 Bn | 684.20 Mn | 398.30 Mn |
| 10 | TransMedics | 2.98 Bn | 2.51 Bn | 113.20 Mn | 89.46 Mn |
Historic Data
Download Data
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 |