Xencor Inc
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $125.6M | $110.5M | $174.6M | $164.6M | $275.1M |
| Research and development | $239.4M | $227.7M | $253.6M | $199.6M | $192.5M |
| Operating expenses | $303.1M | $288.9M | $307.0M | $247.1M | $231.3M |
| Operating income | -$177.5M | -$178.4M | -$132.4M | -$82.5M | $43.8M |
| Interest expense | $31.9M | $36.6M | $6.2M | $13,000 | $13,000 |
| Pretax income | -$89.6M | -$234.9M | -$119.6M | -$54.5M | $82.6M |
| Income tax expense | $2.5M | $1.6M | $13.7M | $673,000 | $0 |
| Net income | -$91.9M | -$232.6M | -$133.1M | -$55.2M | $82.6M |
| Balance Sheet | |||||
| Cash and equivalents | $54.1M | $40.9M | $53.8M | $53.9M | $143.5M |
| Current assets | $599.8M | $577.6M | $635.6M | $675.3M | $424.4M |
| Total assets | $875.5M | $951.9M | $965.1M | $846.3M | $838.2M |
| Current liabilities | $95.9M | $87.4M | $73.9M | $63.8M | $70.7M |
| Total liabilities | $239.9M | $277.9M | $303.0M | $118.8M | $104.7M |
| Stockholders' equity | $635.6M | $677.6M | $661.8M | $727.5M | $733.5M |
| Cash Flow Statement | |||||
| Cash from operations | -$135.1M | -$202.2M | -$77.9M | $24.5M | -$16.9M |
| Depreciation and amortization | $10.5M | $12.1M | $11.5M | $8.8M | $7.5M |
| Stock-based compensation | $43.2M | $53.3M | $53.8M | $48.9M | $37.0M |
| Capital expenditure | $3.1M | $6.1M | $18.4M | $38.5M | $13.3M |
| Free cash flow | -$138.3M | -$208.3M | -$96.4M | -$14.0M | -$30.2M |
| Impairments | $9.2M | $20.4M | $0 | — | — |
Shares outstanding 74.1M · Free float 94.0%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.