Twist Bioscience (TWST) Operating Expenses (2017 - 2026)
Twist Bioscience (TWST) posted quarterly Operating Expenses of $156.6 million for Q1 2026, up 16.54% YoY from $134.4 million in Q1 2025, and up 14.63% sequentially from $136.6 million in Q4 2025.
Twist Bioscience (TWST) Operating Expenses (2017 - 2026) Analysis & Trends
Twist Bioscience has disclosed Operating Expenses across 10 years of filings, most recently posting $156.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 16.54% year-over-year to $156.6 million; the TTM figure through Mar 2026 stood at $548.3 million (changed 0.1% YoY), while the FY2025 annual figure was $512.8 million, down 3.93% from the prior year.
- Operating Expenses improved to $156.6 million in Q1 2026, from $136.6 million in the prior quarter.
- Over the last five years, Operating Expenses for TWST reached as high as $170.4 million in Q2 2024 and fell as low as $98.9 million in Q4 2022.
- The 5-year median for Operating Expenses is $123.4 million (2024), against an average of $126.0 million.
- Annual changes were most pronounced in 2022 — Operating Expenses jumped 57.39% — and 2025, when it slipped 25.95%.
- A 5-year view of Operating Expenses shows it stood at $98.9 million in 2022, then gained by 19.83% to $118.5 million in 2023, then climbed by 4.12% to $123.4 million in 2024, then advanced by 10.73% to $136.6 million in 2025, then rose by 14.63% to $156.6 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $156.6 million, $136.6 million, and $128.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 1.31 Bn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 9.14 Bn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 2.25 Bn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 360.15 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 790.16 Mn |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 1.44 Bn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 553.00 Mn |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 512.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 316.87 Mn |
| 10 | Twist Bioscience | 6.31 Bn | 6.14 Bn | 57.12 Mn | 156.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 156.58 Mn |
| Dec 31, 2025 | 136.60 Mn |
| Sep 30, 2025 | 128.94 Mn |
| Jun 30, 2025 | 126.18 Mn |
| Mar 31, 2025 | 134.35 Mn |
| Dec 31, 2024 | 123.36 Mn |
| Sep 30, 2024 | 120.75 Mn |
| Jun 30, 2024 | 170.39 Mn |
| Mar 31, 2024 | 124.19 Mn |
| Dec 31, 2023 | 118.48 Mn |
| Sep 30, 2023 | 117.06 Mn |
| Jun 30, 2023 | 124.52 Mn |
| Mar 31, 2023 | 121.82 Mn |
| Dec 31, 2022 | 98.87 Mn |
| Sep 30, 2022 | 114.18 Mn |
| Jun 30, 2022 | 117.28 Mn |
| Mar 31, 2022 | 108.93 Mn |
| Dec 31, 2021 | 97.96 Mn |
| Sep 30, 2021 | 77.76 Mn |
| Jun 30, 2021 | 77.14 Mn |