Exagen Inc.

Exagen Inc.

XGNยทNASDAQ

$4.54

-1.1%
HealthcareMedical - Diagnostics & Research

Exagen Inc. develops and commercializes various testing products based on its cell-bound complement activation products technology under the AVISE brand in the United States. It enables rheumatologists to care for patients through the diagnosis, prognosis, and monitoring of autoimmune and autoimmune-related diseases, including systemic lupus erythematosus (SLE) and rheumatoid arthritis (RA). Its lead testing product is AVISE CTD that enables differential diagnosis for patients presenting with symptoms indicative of various connective tissue diseases (CTDs) and other related diseases with overlapping symptoms. The company offers AVISE Lupus that measures activation of the complement system by quantifying the level of B-cell C4d and erythrocyte bound C4d in the patient's blood; and AVISE APS, which consists of a panel of autoantibody tests that aids in the diagnosis and management of APS. In addition, it provides AVISE SLE Prognostic, a panel of autoantibodies for assessing the potential for complications affecting the kidney, brain, and cardiovascular system; AVISE Vasculitis AAV, which utilizes a testing panel of individual analytes to provide physicians with results in the assessment and monitoring of anti-neutrophil cytoplasmic antibody and associated vasculitis; AVISE Anti-CarP test, which identifies RA patients with severe disease; and AVISE PC4d to measure platelet- bound C4d. Further, the company offers AVISE SLE Monitor, a biomarker blood test; AVISE MTX, a patented and validated blood test; and AVISE HCQ, a blood test to monitor levels of hydroxychloroquine. It has a research collaboration and license agreement with Allegheny Health Network (AHN) Research Institute to develop novel patented biomarkers. The company was formerly known as Exagen Diagnostics, Inc. and changed its name to Exagen Inc. in January 2019. Exagen Inc. was incorporated in 2002 and is headquartered in Vista, California.

At a Glance

Live Snapshot
Market Cap$109.69M
EPS-0.9300
P/E Ratio-4.88
Earnings Date08/04/2026
3Y+46.0%
5Y+59.0%
10Y+271.0%
3Y-58.0%
5Y+20.0%
10Y+4.0%
3Y-58.0%
5Y-3.0%
10Y+14.0%
Exagen Inc.

Exagen Inc. Profit Bridge

XGN ยท NASDAQ
Revenue66.58M
Cost of Goods Sold (27.78M)
Gross Profit38.80M
Operating Expenses (52.87M)
Operating Income-14.07M
Interest Expense (4.32M)
Other Income/Expense-5.83M
Pretax Income-19.90M
Income Tax (51.00K)
Net Income-19.95M
Net Income
-19.95M

Profitability Analysis

Gross Margin

58.3%

Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.

Operating Margin

-21.1%

Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.

Net Profit Margin

-30.0%

Net losses indicate the company is burning cash. Sustainability depends on path to profitability.

Profitability Insight

Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.

Exagen Inc. Income Statement

XGN โ€ข NASDAQ

Exagen Inc. Income StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2015Dec 2014Dec 2013Dec 2012
REVENUE
66.6M
55.6M
52.5M
45.6M
48.3M
42M
40.4M
32.4M
26.8M
17.9M
11.7M
3.1M
926K
GROSS PROFIT
(27.8M)
(22.5M)
(23.1M)
(24.2M)
(20.6M)
(16.6M)
(18.8M)
(15.4M)
(14.1M)
(9.5M)
(6.9M)
(2.8M)
(2M)
38.8M
33.1M
29.5M
21.3M
27.7M
25.4M
21.6M
17.1M
12.7M
8.4M
4.8M
225K
-1M
OPERATING INCOME
(52.9M)
(46.7M)
(52.3M)
(67.4M)
(51.8M)
(40.6M)
(30.9M)
(21.9M)
(20.6M)
(19.1M)
(16.6M)
(8.1M)
(6.4M)
(46.6M)
(41.4M)
(47.4M)
(52M)
(44.5M)
(37M)
(28.7M)
(19.7M)
(18.8M)
(17.4M)
(15.1M)
(7M)
(5.1M)
(6.3M)
(5.4M)
(4.9M)
(9.9M)
(7.2M)
(3.6M)
(2.2M)
(2.1M)
(1.6M)
(1.4M)
(1.3M)
(897K)
(1.1M)
-14.1M
-13.6M
-22.8M
-46.1M
-24.1M
-15.2M
-9.3M
-4.9M
-7.8M
-10.4M
-11.6M
-9.1M
-6.8M
PRE-TAX INCOME
(4.3M)
(2.2M)
(2.3M)
(2.4M)
(2.6M)
(2.6M)
(3.5M)
(2.9M)
(2.9M)
(4.5M)
(2.9M)
(941K)
(463K)
-4M
-1.5M
-819K
-1.6M
-2.6M
-2.6M
-3.5M
-2.9M
-2.9M
-4.5M
-2.9M
-941K
-463K
(0.0)
(0.0)
(0.0)
(5.5M)
(0.0)
(0.0)
(0.0)
(141K)
(186K)
(1.2M)
-497K
-83K
(7K)
-5.8M
-1.5M
-819K
-1.6M
-2.6M
-1.6M
-2.7M
-3.1M
-18.3M
-8.5M
-3.4M
-4.3M
184K
-19.9M
-15.1M
-23.7M
-47.7M
-26.7M
-16.8M
-12M
-8M
-26.2M
-18.9M
-15M
-13.5M
-7.3M
NET INCOME
(51K)
(12K)
(33K)
-282K
(175K)
-79K
(25K)
(58K)
-549K
(253K)
-13K
(42K)
(42K)
-20M
-15.1M
-23.7M
-47.4M
-26.9M
-16.7M
-12M
-8M
-25.6M
-19.2M
-15M
-13.5M
-7.3M

SEC Filings

XGN - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
10-Q

10-Q 2026 Q1

Q1

May 11, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

May 11, 2026
May 11, 2026
2026
DEF 14A

DEF 14A 2026

N/A

April 27, 2026
June 09, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 17, 2026
2026
10-K

10-K 2025 FY

FY

March 10, 2026
December 31, 2025
2025
8-K

8-K 2026

N/A

March 10, 2026
March 10, 2026
2026
8-K

8-K 2026

N/A

January 12, 2026
January 11, 2026
2026
10-Q

10-Q 2025 Q3

Q3

November 04, 2025
September 30, 2025
2025
8-K

8-K 2025

N/A

November 04, 2025
November 04, 2025
2025
10-Q

10-Q 2025 Q2

Q2

July 29, 2025
June 30, 2025
2025
Showing 1 to 10 of 122 filings