Exzeo (XZO) Operating Expenses (2024 - 2026)
Exzeo's Operating Expenses came in at $8.38 million for Q2 2026, up 54.4% from $5.42 million a year earlier and up 9.2% from the prior quarter.
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Analysis
Exzeo (XZO) Operating Expenses (2024 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Exzeo reported Operating Expenses of $30.62 million, up 70.5% year-over-year; for FY2025, it came in at $25.03 million, up 64.8% from FY2024.
- Going back by year, Operating Expenses was $15.19 million in FY2024 (+3.2%) and $14.72 million in FY2023.
- The Q2 2026 figure represents the highest quarterly Operating Expenses in data going back to Q3 2024.
- Year-over-year, Operating Expenses has increased for four consecutive quarters, with growth averaging 78.4% over the last four quarters.
- Business Quant data shows XZO's Operating Expenses at $7.67 million (Q1 2026), $8.06 million (Q4 2025) and $6.52 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | PayPal Holdings | 50.24 Bn | 8.47 Bn | - | 7.26 Bn |
| 2 | Coinbase Global | 47.02 Bn | 3.82 Bn | - | 1.33 Bn |
| 3 | Block | 46.84 Bn | 18.14 Bn | 3.17 Bn | 2.72 Bn |
| 4 | Corpay | 26.68 Bn | 16.57 Bn | - | 260.40 Mn |
| 5 | Fiserv | 25.65 Bn | 22.33 Bn | 2.90 Bn | 4.28 Bn |
| 6 | Global Payments | 22.56 Bn | 350.53 Mn | 2.03 Bn | 2.98 Bn |
| 7 | Guidewire Software | 15.34 Bn | 11.90 Bn | 269.68 Mn | 207.36 Mn |
| 8 | Bitmine Immersion Technologies | 13.37 Bn | 10.75 Bn | 40.81 Mn | 52.67 Mn |
| 9 | Chime Financial | 11.61 Bn | 7.41 Bn | 594.87 Mn | 573.55 Mn |
| 10 | Exzeo | 1.45 Bn | 638.71 Mn | 36.84 Mn | 8.38 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 8.38 Mn |
| Mar 31, 2026 | 7.67 Mn |
| Dec 31, 2025 | 8.06 Mn |
| Sep 30, 2025 | 6.52 Mn |
| Jun 30, 2025 | 5.42 Mn |
| Mar 31, 2025 | 5.03 Mn |
| Dec 31, 2024 | 3.12 Mn |
| Sep 30, 2024 | 4.39 Mn |
API Access
Exzeo Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=XZO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "XZO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=XZO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();