Xwell (XWEL) Operating Expenses (2010 - 2026)

Xwell (XWEL) posted Operating Expenses of $7.8 million for Q1 2026, down 35.11% sequentially from $12.0 million in Q4 2025, and up 73.49% YoY from $4.5 million in Q1 2025.

Xwell (XWEL) Operating Expenses (2010 - 2026) Analysis & Trends

Xwell (XWEL) has 17 years of Operating Expenses data on file, last reported at $7.8 million in Q1 2026.

  • Quarterly Operating Expenses rose 73.49% year-over-year to $7.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $26.5 million (up 5.61% YoY) and the FY2025 annual result came in at $23.2 million, down 9.56% from the prior year.
  • Operating Expenses declined to $7.8 million in Q1 2026 per XWEL's latest filing, from $12.0 million in the prior quarter.
  • The five-year high for Operating Expenses was $13.7 million in Q4 2022, with the low at $2.3 million in Q3 2025.
  • Average Operating Expenses over 5 years is $7.7 million, with a median of $6.8 million recorded in 2024.
  • Year-over-year, Operating Expenses surged 196.49% in 2022 and plunged 66.83% in 2025.
  • Xwell's Operating Expenses stood at $13.7 million in 2022, then sank by 56.33% to $6.0 million in 2023, then surged by 46.9% to $8.8 million in 2024, then surged by 36.19% to $12.0 million in 2025, then plunged by 35.11% to $7.8 million in 2026.
  • Business Quant data shows XWEL's Operating Expenses at $7.8 million in Q1 2026, $12.0 million in Q4 2025, and $2.3 million in Q3 2025.

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 Xwell 7.84 Mn 721,916.46 2.35 Mn 7.77 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 7.77 Mn
Dec 31, 2025 11.97 Mn
Sep 30, 2025 2.26 Mn
Jun 30, 2025 4.47 Mn
Mar 31, 2025 4.48 Mn
Dec 31, 2024 8.79 Mn
Sep 30, 2024 6.82 Mn
Jun 30, 2024 4.97 Mn
Mar 31, 2024 5.05 Mn
Dec 31, 2023 5.98 Mn
Sep 30, 2023 13.18 Mn
Jun 30, 2023 5.91 Mn
Mar 31, 2023 6.81 Mn
Dec 31, 2022 13.70 Mn
Sep 30, 2022 9.05 Mn
Jun 30, 2022 9.01 Mn
Mar 31, 2022 11.45 Mn
Dec 31, 2021 -14.20 Mn
Sep 30, 2021 19.71 Mn
Jun 30, 2021 13.29 Mn