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Merit Medical Systems MMSI Total Operating Expenses

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Other financials

Income statement

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Revenue$381.9M+7.5%
Gross profit$184.8M+7.4%
Operating income$44.2M+7.6%
Net income$41.0M+36.0%
EPS (diluted)$0.68+38.8%

Balance sheet

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Cash & equivalents$488.1M+23.4%
Total debt$821.6M+0.5%
Total equity$1.6B+13.9%
Total assets$2.7B+10.2%

Cash flow

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Operating cash flow$40.7M+0.3%
CapEx$16.0M-24.0%
Free cash flow$24.7M+26.5%

Valuation

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Market cap$5.24B+5.8%
Enterprise value$5.57B+2.6%
P/E37.6×-4.0×
P/S3.4×-0.1×

Profitability

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Gross margin48.7%+0.9pp
Operating margin12.2%+0.6pp
Net margin9%+0.2pp
FCF margin14.3%+1.3pp

Returns & leverage

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Return on equity9.1%0.0pp
Debt / equity0.5×-0.1×
Current ratio5.1×+0.2×

Where this comes from

Reported directly by Merit Medical Systems in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

The source filing: Merit Medical Systems’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:23 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000856982-26-000025
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Selling, general and administrative118,210107,486
Research and development22,60922,478
Contingent consideration (benefit) expense(179)1,023
Total operating expenses140,640130,987
Income from operations44,15741,033
Other income (expense):
Interest income3,9003,790
Interest expense(6,526)(6,568)

Item 1. Financial Statements (Unaudited)

FAQ

What is Merit Medical Systems's total operating expenses?
Merit Medical Systems (MMSI) reported total operating expenses of $140.64M in Q1 2026.
How has Merit Medical Systems's total operating expenses changed year-over-year?
Merit Medical Systems's total operating expenses increased by 7.4% year-over-year, from $130.99M to $140.64M.
What is the long-term trend for Merit Medical Systems's total operating expenses?
Over 4 years (2021 to 2025), Merit Medical Systems's total operating expenses has grown at a 6.9% compound annual growth rate (CAGR), from $424.42M to $553.55M.
What does total operating expenses mean?
The sum of all operating costs including COGS, SG&A, R&D, D&A, and other operating charges. Revenue minus total operating expenses equals operating income.

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