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 has reported Operating Expenses for 17 years, with the latest figure 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.
  • Over five years, Operating Expenses peaked at $13.7 million in Q4 2022 and troughed at $2.3 million in Q3 2025.
  • A 5-year average of $7.7 million and a median of $6.8 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2025: Operating Expenses soared 196.49% in 2022, then slumped 66.83% in 2025.
  • Over 5 years, Operating Expenses stood at $13.7 million in 2022, then plunged by 56.33% to $6.0 million in 2023, then jumped by 46.9% to $8.8 million in 2024, then jumped by 36.19% to $12.0 million in 2025, then tumbled by 35.11% to $7.8 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $7.8 million, $12.0 million, and $2.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Thermo Fisher Scientific 213.78 Bn 209.71 Bn 8.34 Bn 9.91 Bn
2 Danaher 139.83 Bn 135.48 Bn 3.61 Bn 2.48 Bn
3 Idexx Laboratories 45.99 Bn 45.79 Bn 779.09 Mn 353.52 Mn
4 Agilent Technologies 39.69 Bn 37.88 Bn 990.00 Mn 1.44 Bn
5 Iqvia Holdings 39.31 Bn 37.23 Bn 1.44 Bn 637.00 Mn
6 Natera 38.74 Bn 37.64 Bn 696.04 Mn 790.16 Mn
7 Illumina 29.94 Bn 28.77 Bn 770.00 Mn 525.00 Mn
8 Mettler Toledo International 28.55 Bn 28.50 Bn 650.22 Mn 321.77 Mn
9 Quest Diagnostics 26.18 Bn 25.55 Bn 1.03 Bn 2.58 Bn
10 Xwell 7.54 Mn -9.26 Mn 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