MDxHealth (MDXH.BR) Stock Price

MDxHealth Price

Delisted·Dec 15, 2023
3.29USD
Last traded price

Revenue has compounded at 19.5% per year over the past 19 years to 94.73 M USD. MDxHealth's net margin stands at -31.1%, up from -130.4% several years earlier. Analysts set a median price target of 7.39 USD, implying 124.7% above the current price. Of 9 analysts, 8 rate the stock a buy — an overall Buy consensus.

MDxHealth stock price

Volume
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of MDxHealth over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how MDxHealth stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing MDxHealth's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

MDxHealth Stock Price History
DateMDxHealth Price
Access this data via the Eulerpool API

MDxHealth Revenue, EBIT, Net Income

  • 3 Years

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2020
16.21 M USD
-23.99 M USD
-25.17 M USD
Jan 1, 2021
19.53 M USD
-23.82 M USD
-25.47 M USD
Jan 1, 2022
32.54 M USD
-36.27 M USD
-38.68 M USD
Jan 1, 2023
61.64 M USD
-28.02 M USD
-37.85 M USD
Jan 1, 2024
79.08 M USD
-26.40 M USD
-33.43 M USD
Jan 1, 2025
94.73 M USD
-20.39 M USD
-29.44 M USD
Jan 1, 2026 (e)
113.21 M USD
3.96 M USD
2.67 M USD
Jan 1, 2027 (e)
129.96 M USD
18.07 M USD
16.62 M USD

MDxHealth Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 2, 2026, 8:26 PM
 
REVENUEM USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEM USD
EBITM USD
EBIT MARGIN%
NET INCOMEM USD
NET INCOME GROWTH%
SHARESM
201220132014201520162017201820192020202120222023202420252026e2027e
4.006.0010.0015.0026.0035.0024.0010.0016.0019.0032.0061.0079.0094.00113.00129.00
33.3350.0066.6750.0073.3334.62-31.43-58.3360.0018.7568.4290.6329.5118.9920.2114.16
75.0016.6740.0060.0065.3874.2958.33560.0043.7547.3750.0062.3060.7659.5759.5759.57
3.001.004.009.0017.0026.0014.0056.007.009.0016.0038.0048.0056.0067.3276.85
-10.00-14.00-13.00-12.00-11.00-10.00-28.00-37.00-23.00-23.00-36.00-28.00-26.00-20.003.0018.00
-250.00-233.33-130.00-80.00-42.31-28.57-116.67-370.00-143.75-121.05-112.50-45.90-32.91-21.282.6513.95
-10.00-14.00-13.00-12.00-11.00-10.00-28.00-37.00-25.00-25.00-38.00-37.00-33.00-29.002.0016.00
42.8640.00-7.14-7.69-8.33-9.09180.0032.14-32.4352.00-2.63-10.81-12.12-106.90700.00
30.0434.7641.2846.0849.9157.6162.5870.5390.69155.9762.58251.13251.13251.13251.13251.13
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales MDxHealth generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue MDxHealth retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare MDxHealth's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares MDxHealth has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against MDxHealth's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

MDxHealth stock margins

The MDxHealth margin analysis displays the gross margin, EBIT margin, as well as the profit margin of MDxHealth. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for MDxHealth.
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  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2020
43.58 %
-147.95 %
-155.27 %
Jan 1, 2021
47.50 %
-121.98 %
-130.41 %
Jan 1, 2022
51.87 %
-111.46 %
-118.86 %
Jan 1, 2023
62.58 %
-45.45 %
-61.40 %
Jan 1, 2024
61.23 %
-33.38 %
-42.28 %
Jan 1, 2025
59.74 %
-21.52 %
-31.07 %
Jan 1, 2026 (e)
59.74 %
3.50 %
2.36 %
Jan 1, 2027 (e)
59.74 %
13.91 %
12.79 %

MDxHealth Stock Revenue, EBIT, Earnings per Share

The MDxHealth earnings per share therefore indicates how much revenue MDxHealth has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2020
0.18 USD
-0.26 USD
-0.28 USD
Jan 1, 2021
0.13 USD
-0.15 USD
-0.16 USD
Jan 1, 2022
0.52 USD
-0.58 USD
-0.62 USD
Jan 1, 2023
0.25 USD
-0.11 USD
-0.15 USD
Jan 1, 2024
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.00 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
4.15 USD
0.02 USD
0.10 USD
Jan 1, 2027 (e)
4.76 USD
0.07 USD
0.61 USD

MDxHealth business model & stock analysis

MDxHealth SA was founded in 2003 and is a publicly traded company based in Belgium, specializing in the development and marketing of molecular diagnostic tests for cancer diagnosis. The company focuses on developing tests for the diagnosis of prostate, bladder, and kidney cancer, as well as tests for monitoring the progression of these cancer types. The business model of MDxHealth is to develop state-of-the-art molecular diagnostics for cancer medicine and make them accessible to medical professionals and pathologists. The company has a strong presence in the US and Europe, and works closely with leading cancer centers and clinics to promote the use of the tests and improve their effectiveness. MDxHealth also provides support to its customers in interpreting test results and choosing the best treatment options for patients. The company has different divisions tailored to the specific needs of patients, doctors, and pathologists. The main divisions are the oncology division and the urology division. In the oncology division, MDxHealth offers various tests for prostate cancer, including the Prognostic Oncotype DX Test used for predicting the progression of prostate cancer. The urology division of MDxHealth focuses on developing tests for bladder cancer and kidney cancer. The key tests in this division include the ConfirmMDx Test used for diagnosing bladder cancer, and the SelectMDx Test used for diagnosing aggressive prostate cancer. MDxHealth also has a significant presence in genomics and personalized medicine. The company partners with the University of Miami Miller School of Medicine to research and improve the application of genetic tests in cancer diagnosis and treatment. MDxHealth also collaborates closely with other leading research institutions and cancer centers to drive innovation in molecular diagnostics. Overall, MDxHealth offers a wide range of molecular diagnostic tests for cancer diagnosis and monitoring. The company has a strong presence in the US and Europe, and works closely with leading cancer centers and clinics to promote the use of the tests and improve their effectiveness. MDxHealth is a key player in the field of molecular diagnostics and has the potential to improve the lives of cancer patients worldwide.

MDxHealth SWOT Analysis

Strengths

MDxHealth SA benefits from a strong market position in the field of molecular diagnostics. The company has developed innovative diagnostic tests that provide valuable information for doctors and patients in the diagnosis and treatment of various types of cancer. This expertise has helped MDxHealth establish a solid reputation and gain the trust of healthcare professionals.

Furthermore, MDxHealth has a diverse portfolio of diagnostic products, catering to different cancer types. This diversity minimizes the company's dependency on a single product, allowing for a more stable revenue stream. Additionally, MDxHealth's tests are non-invasive and often provide results faster than traditional tests, offering a competitive advantage in terms of convenience for patients and healthcare providers.

Weaknesses

One major weakness for MDxHealth is its dependence on regulatory approvals for its products. The diagnostic industry is heavily regulated, and delays in obtaining necessary approvals can hamper the company's ability to successfully commercialize its tests. This dependency exposes MDxHealth to potential delays and uncertainties, impacting its market presence and competitive standing.

Additionally, MDxHealth faces significant competition from other companies in the molecular diagnostics industry. Rival firms may develop similar tests, reducing MDxHealth's market share and potentially eroding its pricing power. The company needs to continuously innovate and enhance its testing capabilities to stay ahead of competitors.

Opportunities

MDxHealth has the opportunity to expand its market presence by entering new geographic regions. Currently, the company mainly operates in Europe and the United States, but it could explore partnerships and licensing agreements to enter untapped markets in Asia and other regions. This expansion would provide access to a larger patient population and increase potential revenues.

Moreover, with the growing focus on personalized medicine, MDxHealth can capitalize on advancements in genomics and other technologies to develop new diagnostic tests tailored to individual patients. By leveraging these opportunities, MDxHealth can stay at the forefront of molecular diagnostics and provide more targeted and effective solutions for cancer detection and treatment.

Threats

MDxHealth faces the threat of reimbursement challenges. Given the evolving healthcare landscape and cost containment measures, there is a risk that payers, such as insurance companies and government healthcare systems, may limit coverage or reimbursement rates for diagnostic tests. This could negatively impact MDxHealth's revenue and profitability.

Additionally, the molecular diagnostics industry is subject to rapid technological advancements and changing customer needs. MDxHealth needs to continuously invest in research and development to stay ahead of these changes. Failure to adapt to emerging trends and technologies could result in the company's products becoming obsolete and losing market share to more innovative competitors.

MDxHealth Eulerpool Fair Value

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

MDxHealth historical P/E ratio, EBIT multiple, and P/S ratio

MDxHealth annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

MDxHealth shares outstanding

The number of shares of MDxHealth was 251.13 M in 2025. This indicates how many shares MDxHealth is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2020
90.69 M Stocks
Jan 1, 2021
155.97 M Stocks
Jan 1, 2022
62.58 M Stocks
Jan 1, 2023
251.13 M Stocks
Jan 1, 2024
251.13 M Stocks
Jan 1, 2025
251.13 M Stocks
Jan 1, 2026 (e)
251.13 M Stocks
Jan 1, 2027 (e)
251.13 M Stocks

MDxHealth stock splits

In MDxHealth's history, there have been no stock splits.

Current MDxHealth forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
10.07 %
Buy
88.89 % (8)
Hold
11.11 % (1)
Sell
0.00 % (0)
12M Price Target
7.39
Last Price
3.29
Currency
USD
12M Return Potential
124.66 %
LTM Return
0 %

MDxHealth Analyst Rating Actions

DateFirmActionRating
5/31/2023
TD Cowen
TD Cowen
MaintainedOutperform
5/15/2023
BTIG
BTIG
MaintainedBuy
4/19/2023
BTIG
BTIG
MaintainedBuy
3/24/2023
William Blair
William Blair
MaintainedOutperform
3/8/2023
BTIG
BTIG
MaintainedBuy
3/5/2023
Piper Sandler
Piper Sandler
MaintainedOverweight
11/8/2022
BTIG
BTIG
MaintainedBuy
10/30/2022
BTIG
BTIG
MaintainedBuy
8/25/2022
BTIG
BTIG
MaintainedBuy
11/29/2021
Piper Sandler
Piper Sandler
MaintainedOverweight

MDxHealth Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
8/26/2020-0.16USD11.82 MUSD2020 Q2
8/30/2018-0.19USD18.02 MUSD2018 Q2
8/31/2017-0.13USD23.21 MUSD2017 Q2
3/11/2010-0.92USD1.16 MUSD2009 Q4
8/27/2009-0.62USD2.36 MUSD2009 Q2
3/12/2009-0.73USD1.97 MUSD2008 Q4
8/28/2008-0.67USD3.27 MUSD2008 Q2
3/13/2008-0.69USD1.39 MUSD2007 Q4

MDxHealth shareholder structure

% Name
100.27813%
MVM Partners LLP
MVM Partners LLP
85.35579%
Bleichroeder LP
Bleichroeder LP
45.96081%
Valiance Advisors LLP
Valiance Advisors LLP
26.26332%
Marien (Rudi)
Marien (Rudi)
4.99036%
BNP Paribas Asset Management Belgium S.A.
BNP Paribas Asset Management Belgium S.A.
0.07139%
Dimensional Fund Advisors, Ltd.
Dimensional Fund Advisors, Ltd.

MDxHealth Beneficial Ownership Filings (SEC 13D/G)

Free Float
79.2%
Float Shares
-
Shares Outstanding
-

MDxHealth Supply Chain

MDxHealth Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
6 companies
#Name1M3M6M1Y2YTrend
1
0.13
-0.36
0.46
0.92
0.56
2
0.55
-0.38
0.65
0.43
0.50
3
Takara Bio
Supplier
0.21
-0.34
0.75
0.85
0.49
#Name1M3M6M1Y2YTrend
1
Epigenomics
Supplier
-0.14
-0.23
0.43
0.96
-0.44
2
QIAGEN
Supplier
0.29
0
0.74
0.42
0.26
3
-0.06
-0.24
-0.11
0.58
0.27

Frequently asked questions about MDxHealth

The business model of MDxHealth SA revolves around providing innovative molecular diagnostic solutions to improve the diagnosis and treatment of cancer. The company primarily focuses on developing and commercializing diagnostic tests that aid in the early detection, prognosis, and monitoring of various types of cancers, including prostate, bladder, and lung cancer. MDxHealth offers its diagnostic tests through a global network of clinical laboratories and medical institutions. By offering accurate and actionable diagnostic information, MDxHealth aims to support healthcare professionals in making informed treatment decisions and ultimately improving patient outcomes. MDxHealth's business model underscores its commitment to advancing personalized medicine and precision oncology.

All fundamentals and in-depth analysis of MDxHealth

Our stock analysis for MDxHealth stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of MDxHealth. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.