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| Date | Value |
|---|---|
| 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 |