TransMedics (TMDX) Operating Expenses (2018 - 2026)
TransMedics (TMDX) posted quarterly Operating Expenses of $87.9 million for Q1 2026, up 44.55% year-over-year from $60.8 million in Q1 2025, and up 21.79% quarter-over-quarter from $72.1 million in Q4 2025.
TransMedics (TMDX) Operating Expenses (2018 - 2026) Analysis & Trends
TransMedics' Operating Expenses history runs 9 years deep, the most recent figure standing at $87.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 44.55% year-over-year to $87.9 million; the TTM figure through Mar 2026 stood at $281.3 million (up 18.28% YoY), while the FY2025 annual figure was $254.2 million, up 13.2% from the prior year.
- Operating Expenses for Q1 2026 stood at $87.9 million, up from $72.1 million in the prior quarter.
- The five-year high for Operating Expenses was $87.9 million in Q1 2026, with the low at $21.5 million in Q1 2022.
- The 5-year median for Operating Expenses is $56.8 million (2024), against an average of $49.8 million.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 191.63% in 2023, then fell 17.5% in 2024.
- TransMedics' Operating Expenses stood at $27.5 million in 2022, then surged by 64.91% to $45.3 million in 2023, then soared by 39.82% to $63.4 million in 2024, then climbed by 13.84% to $72.1 million in 2025, then climbed by 21.79% to $87.9 million in 2026.
- Business Quant data shows TMDX's Operating Expenses at $87.9 million in Q1 2026, $72.1 million in Q4 2025, and $61.3 million in Q3 2025.
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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 | TransMedics | 3.22 Bn | 2.75 Bn | 113.20 Mn | 89.46 Mn |
Historic Data
Download 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 |