MDXH Chart
About

MDxHealth SA, a commercial-stage precision diagnostics company, provides urologic solutions in the United States, Europe, and internationally. The company's testing solutions include Select mdx, a non-invasive urine test for prostate cancer that measures the expression of two mRNA cancer-related biomarkers; Confirm mdx for prostate cancer tissue test that validates epigenetic test that guides the detection of occult prostate cancer on a patient's previously biopsied negative tissue; and Resolve mdx for urinary tract infection that identifies personalized effective antibiotic options against the patient's infection. It also offers genomic prostate score, which provides personalized genomic insights to physicians and patients navigating the complexities of prostate cancer diagnosis and treatment. The company sells its products through urology sales force consisting of direct sales representatives, strategic account managers, and regional sales managers. The company has a collaboration with the University of Oxford: the initiation of Genomic Prostate Score (GPS) testing in the landmark UK ProtecT trial (Prostate Testing for Cancer and Treatment). The company was formerly known as OncoMethylome Sciences SA and changed its name to MDxHealth SA in October 2010. MDxHealth SA was incorporated in 2003 and is headquartered in Herstal, Belgium.

Fundamentals
Scroll to Statements
Sector Healthcare Industry Diagnostics & Research Market Cap 182.34M
Enterprise Value 233.61M Income -31.43M Sales 103.07M
Book/sh -0.17 Cash/sh 0.64 Dividend Yield —
Payout 0.00% Employees 312 IPO —
P/E — Forward P/E -16.90 PEG —
P/S 1.77 P/B -21.52 P/C —
EV/EBITDA -33.05 EV/Sales 2.27 Quick Ratio 0.98
Current Ratio 1.14 Debt/Eq — LT Debt/Eq —
EPS (ttm) -0.52 EPS next Y -0.21 EPS Growth —
Revenue Growth 17.70% Earnings 2026-02-26 ROA -5.52%
ROE -7.20% ROIC — Gross Margin 64.48%
Oper. Margin -9.63% Profit Margin -30.50% Shs Outstand 51.36M
Shs Float 34.34M Short Float 0.07% Short Ratio 0.19
Short Interest — 52W High 5.33 52W Low 1.35
Beta -562400.44 Avg Volume 124.80K Volume 79.50K
Target Price $7.40 Recom Strong_buy Prev Close $3.61
Price $3.55 Change -1.66%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$7.40
Mean price target
2. Current target
$3.55
Latest analyst target
3. DCF / Fair value
$-2.12
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$3.55
Low
$6.00
High
$9.00
Mean
$7.40

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-12-23 reit BTIG Buy → Buy $7
2025-11-13 main TD Cowen Buy → Buy $7
2025-11-13 main Lake Street Buy → Buy $9
2025-11-13 main BTIG Buy → Buy $7
2024-11-07 main Piper Sandler Overweight → Overweight $6
2024-10-31 init Lake Street — → Buy $7
2024-03-07 main Piper Sandler Overweight → Overweight $7
2024-03-07 main BTIG Buy → Buy $8
Insider Transactions

No recent insider transactions.

Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-1.43M-2.22M0.000.00
TaxRateForCalcs0.210.210.000.00
NormalizedEBITDA-15.23M-20.11M-33.49M-23.98M
TotalUnusualItems-6.79M-10.55M-3.01M-114.00K
TotalUnusualItemsExcludingGoodwill-6.79M-10.55M-3.01M-114.00K
NetIncomeFromContinuingOperationNetMinorityInterest-38.07M-43.10M-44.04M-29.00M
ReconciledDepreciation8.04M6.86M4.91M3.04M
ReconciledCostOfRevenue34.16M25.52M17.58M11.40M
EBITDA-22.02M-30.66M-36.50M-24.09M
EBIT-30.06M-37.52M-41.41M-27.13M
NetInterestIncome-6.87M-5.81M-2.62M-1.87M
InterestExpense7.63M5.58M2.64M1.88M
InterestIncome1.08M1.09M125.00K11.00K
NormalizedIncome-32.70M-34.77M-41.03M-28.89M
NetIncomeFromContinuingAndDiscontinuedOperation-38.07M-43.10M-44.04M-29.00M
TotalExpenses114.08M96.93M75.47M49.26M
TotalOperatingIncomeAsReported-24.72M-27.33M-37.90M-26.84M
DilutedAverageShares49.50M25.96M15.73M12.19M
BasicAverageShares49.50M25.96M15.73M12.19M
DilutedEPS-1.16-1.66-2.80-2.38
BasicEPS-1.16-1.66-2.80-2.38
DilutedNIAvailtoComStockholders-38.07M-43.10M-44.04M-29.00M
NetIncomeCommonStockholders-38.07M-43.10M-44.04M-29.00M
OtherunderPreferredStockDividend0.00
NetIncome-38.07M-43.10M-44.04M-29.00M
NetIncomeIncludingNoncontrollingInterests-38.07M-43.10M-44.04M-29.00M
NetIncomeContinuousOperations-38.07M-43.10M-44.04M-29.00M
TaxProvision382.00K1.00K0.000.00
PretaxIncome-37.69M-43.10M-44.04M-29.00M
OtherIncomeExpense-6.79M-10.55M-3.01M-114.00K
SpecialIncomeCharges-7.73M-9.74M-3.13M-18.00K
OtherSpecialCharges3.13M1.05M
RestructuringAndMergernAcquisition4.60M9.74M2.08M18.00K
GainOnSaleOfSecurity941.00K-806.00K116.00K-96.00K
NetNonOperatingInterestIncomeExpense-6.87M-5.81M-2.62M-1.87M
TotalOtherFinanceCost317.00K1.32M107.00K7.00K
InterestExpenseNonOperating7.63M5.58M2.64M1.88M
InterestIncomeNonOperating1.08M1.09M125.00K11.00K
OperatingIncome-24.03M-26.74M-38.41M-27.02M
OperatingExpense79.17M70.67M57.63M37.58M
OtherOperatingExpenses-71.00K-127.00K-44.00K-985.00K
DepreciationAmortizationDepletionIncomeStatement7.29M6.12M4.65M2.76M
DepreciationAndAmortizationInIncomeStatement7.29M6.12M4.65M2.76M
Amortization4.91M4.49M3.17M1.61M
AmortizationOfIntangiblesIncomeStatement4.91M4.49M3.17M1.61M
DepreciationIncomeStatement2.39M1.62M1.48M1.15M
ResearchAndDevelopment10.55M6.38M5.50M5.59M
SellingGeneralAndAdministration61.40M58.30M47.53M30.22M
SellingAndMarketingExpense6.44M7.37M4.62M3.02M
GeneralAndAdministrativeExpense54.95M50.94M42.90M27.19M
OtherGandA9.44M12.80M14.84M4.78M
SalariesAndWages45.52M38.14M28.07M22.41M
GrossProfit55.14M43.93M19.22M10.56M
CostOfRevenue34.91M26.26M17.84M11.68M
TotalRevenue90.05M70.19M37.05M22.24M
OperatingRevenue72.33M55.72M31.15M21.94M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber49.50M27.29M16.29M15.60M
ShareIssued49.50M27.29M16.29M15.60M
NetDebt4.49M13.83M20.03M
TotalDebt60.06M41.27M39.79M15.56M
TangibleBookValue-61.68M-73.06M-72.78M43.45M
InvestedCapital66.13M43.41M44.84M58.99M
WorkingCapital24.23M18.64M10.87M50.17M
NetTangibleAssets-61.68M-73.06M-72.78M43.45M
CapitalLeaseObligations8.77M5.06M4.26M3.46M
CommonStockEquity14.84M7.21M9.31M46.90M
TotalCapitalization65.81M42.77M44.23M54.55M
TotalEquityGrossMinorityInterest14.84M7.21M9.31M46.90M
StockholdersEquity14.84M7.21M9.31M46.90M
OtherEquityInterest17.12M12.14M11.47M10.61M
GainsLossesNotAffectingRetainedEarnings-615.00K-593.00K-444.00K-1.04M
ForeignCurrencyTranslationAdjustments-615.00K-593.00K-444.00K-1.04M
RetainedEarnings-369.51M-331.45M-288.35M-244.30M
AdditionalPaidInCapital153.18M153.18M153.18M153.18M
CapitalStock214.67M173.93M133.45M128.45M
CommonStock214.67M173.93M133.45M128.45M
TotalLiabilitiesNetMinorityInterest142.49M121.92M109.82M28.17M
TotalNonCurrentLiabilitiesNetMinorityInterest99.83M102.40M91.54M11.74M
OtherNonCurrentLiabilities41.45M63.26M53.54M1.47M
LongTermDebtAndCapitalLeaseObligation58.38M39.14M38.01M10.28M
LongTermCapitalLeaseObligation7.41M3.58M3.09M2.62M
LongTermDebt50.97M35.56M34.91M7.65M
CurrentLiabilities42.66M19.52M18.28M16.43M
OtherCurrentLiabilities26.41M2.90M2.33M961.00K
CurrentDebtAndCapitalLeaseObligation1.68M2.12M1.79M5.28M
CurrentCapitalLeaseObligation1.36M1.48M1.17M840.00K
CurrentDebt324.00K643.00K616.00K4.44M
OtherCurrentBorrowings324.00K643.00K616.00K4.44M
PayablesAndAccruedExpenses14.57M14.51M14.16M10.19M
CurrentAccruedExpenses6.57M5.69M3.98M2.73M
Payables8.00M8.81M10.18M7.46M
AccountsPayable8.00M8.81M10.18M7.46M
TotalAssets157.33M129.13M119.14M75.07M
TotalNonCurrentAssets90.43M90.97M89.99M8.47M
OtherNonCurrentAssets-1.00K
InvestmentsAndAdvances936.00K763.00K0.00
InvestmentinFinancialAssets936.00K763.00K0.00
AvailableForSaleSecurities936.00K763.00K
GoodwillAndOtherIntangibleAssets76.52M80.26M82.09M3.45M
OtherIntangibleAssets40.59M44.34M46.17M3.45M
Goodwill35.93M35.93M35.93M0.00
NetPPE12.98M9.95M7.89M5.02M
AccumulatedDepreciation-10.27M-12.83M-10.66M-9.10M
GrossPPE23.25M22.78M18.55M14.11M
Leases2.63M2.80M2.06M1.34M
OtherProperties9.59M10.79M8.30M6.18M
MachineryFurnitureEquipment1.73M1.91M1.63M1.46M
BuildingsAndImprovements9.31M7.29M6.57M5.13M
Properties0.000.000.000.00
CurrentAssets66.89M38.16M29.15M66.61M
OtherCurrentAssets36.00K23.00K
PrepaidAssets1.70M1.70M1.81M1.11M
Inventory3.87M2.78M2.33M1.91M
RawMaterials3.87M2.78M2.33M1.91M
Receivables14.53M11.27M9.51M5.06M
OtherReceivables54.00K235.00K
TaxesReceivable92.00K183.00K97.00K246.00K
AccountsReceivable14.44M11.09M9.36M4.58M
CashCashEquivalentsAndShortTermInvestments46.80M22.38M15.50M58.50M
CashAndCashEquivalents46.80M22.38M15.50M58.50M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow-20.69M-26.52M-38.28M-23.44M
RepaymentOfDebt-41.42M-3.27M-12.16M-1.06M
IssuanceOfDebt53.01M0.0034.29M0.00
IssuanceOfCapitalStock40.74M39.60M0.0068.57M
CapitalExpenditure-2.16M-5.02M-4.16M-896.00K
EndCashPosition46.80M22.38M15.50M58.50M
BeginningCashPosition22.38M15.50M58.50M15.95M
EffectOfExchangeRateChanges-14.00K25.00K-555.00K-520.00K
ChangesInCash24.43M6.85M-42.44M43.06M
FinancingCashFlow44.60M32.28M20.72M66.50M
CashFlowFromContinuingFinancingActivities44.60M32.28M20.72M66.50M
NetOtherFinancingCharges-1.03M-440.00K125.00K11.00K
InterestPaidCFF-6.70M-3.61M-1.41M-1.01M
CashDividendsPaid0.000.000.000.00
NetCommonStockIssuance40.74M39.60M0.0068.57M
CommonStockIssuance40.74M39.60M0.0068.57M
NetIssuancePaymentsOfDebt11.59M-3.27M22.13M-1.06M
NetLongTermDebtIssuance11.59M-3.27M22.13M-1.06M
LongTermDebtPayments-41.42M-3.27M-12.16M-1.06M
LongTermDebtIssuance53.01M0.0034.29M0.00
InvestingCashFlow-1.64M-3.93M-29.04M-885.00K
CashFlowFromContinuingInvestingActivities-1.64M-3.93M-29.04M-885.00K
NetOtherInvestingChanges-555.00K
InterestReceivedCFI1.08M1.09M125.00K11.00K
NetBusinessPurchaseAndSale0.000.00-25.00M0.00
PurchaseOfBusiness0.000.00-25.00M0.00
NetIntangiblesPurchaseAndSale-971.00K-2.27M-1.37M0.00
PurchaseOfIntangibles-971.00K-2.27M-1.37M0.00
NetPPEPurchaseAndSale-1.19M-2.75M-2.79M-896.00K
PurchaseOfPPE-1.19M-2.75M-2.79M-896.00K
OperatingCashFlow-18.53M-21.50M-34.12M-22.55M
CashFlowFromContinuingOperatingActivities-18.53M-21.50M-34.12M-22.55M
ChangeInWorkingCapital-3.86M-2.12M-1.56M360.00K
ChangeInPayablesAndAccruedExpense458.00K20.00K3.97M1.33M
ChangeInPayable458.00K20.00K3.97M1.33M
ChangeInInventory-1.09M-452.00K-416.00K413.00K
ChangeInReceivables-3.23M-1.68M-5.12M-1.38M
OtherNonCashItems286.00K421.00K-473.00K-325.00K
StockBasedCompensation1.73M665.00K867.00K1.22M
AssetImpairmentCharge0.000.0044.00K0.00
DepreciationAmortizationDepletion8.04M6.86M4.91M3.04M
DepreciationAndAmortization8.04M6.86M4.91M3.04M
AmortizationCashFlow4.91M4.49M3.17M1.61M
AmortizationOfIntangibles4.91M4.49M3.17M1.61M
Depreciation3.13M2.37M1.74M1.43M
NetIncomeFromContinuingOperations-24.72M-27.33M-37.90M-26.84M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for MDXH
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