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-58.0%
5Y-3.0%
10Y+14.0%
3Y-86.0%
5Y+38.0%
10Y-22.0%
3Y-5097.0%
5Y-25291.0%
10Y+130.0%
XGN

Exagen Inc. Cash Conversion Engine

XGN ยท NASDAQ
Net Income-19.95M
Depreciation & Amortization2.12M
Stock-Based Compensation2.16M
Change in Working Capital-1.98M
Others4.03M
Capital Expenditures-641.00K
Free Cash Flow-14.27M

Cash Flow Quality Analysis

FCF Conversion Rate

71.5%

Moderate conversion rate. Some gap between earnings and cash flow may warrant investigation into working capital or non-cash items.

CapEx Intensity

-4.7%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

-3.4%

Flat FCF growth. Stable but not expandingโ€”monitor for signs of business maturity or temporary headwinds.

Working Capital Impact

-$1.98M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Working capital strain: Significant cash tied up in operations. Monitor receivables collection, inventory turns, and payment terms to optimize cash conversion cycle.

Exagen Inc. Cash Flow Statement

XGN โ€ข NASDAQ

Exagen Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2015Dec 2014Dec 2013Dec 2012
OPERATING ACTIVITIES
-20M
-15.1M
-23.7M
-47.4M
-26.9M
-16.7M
-12M
-8M
-25.6M
-19.2M
-15M
-13.5M
-7.3M
2.1M
1.7M
2.2M
1.6M
948K
546K
591K
731K
670K
879K
558K
455K
398K
0.0
0.0
0.0
-306K
148K
-106K
-247K
31K
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251K
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42K
42K
2.2M
1.8M
3.6M
4.7M
4.7M
2.7M
572K
114K
187K
287K
279K
152K
116K
4M
1.4M
3.1M
7.6M
819K
805K
1.2M
1.4M
16.4M
6.8M
1.7M
5.2M
-263K
-2M
-3.1M
325K
1.7M
-61K
-1.3M
174K
-3.6M
-2M
-896K
1.7M
759K
-446K
-13.6M
-13.3M
-14.5M
-32.1M
-20.3M
-14.1M
-9.7M
-9.3M
-11M
-11.9M
-10.8M
-6.9M
-7.5M
INVESTING ACTIVITIES
-641K
-515K
-828K
-4.3M
-2.4M
-455K
-403K
-199K
-567K
-805K
-649K
-172K
-440K
(15K)
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(300K)
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(57K)
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-2M
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(0.0)
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2M
0.0
0.0
0.0
0.0
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24K
0.0
-50K
0.0
0.0
0.0
57K
5K
0.0
721K
-693K
-626K
-515K
-804K
-4.3M
-2.4M
-455K
-103K
-199K
-510K
-800K
-649K
(549K)
-1.1M
FINANCING ACTIVITIES
22.4M
198K
306K
446K
69.1M
173K
50.4M
0.0
0.0
4K
195K
20K
0.0
2M
-861K
-10.9M
-696K
-525K
-249K
-138K
5M
4.5M
10.7M
8.7M
7.4M
-550K
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-6.7M
(0.0)
(0.0)
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(0.0)
0.0
0.0
0.0
-239K
-3.9M
-21K
6.7M
6.5M
14.6M
-147K
-635K
3.9M
0.0
24.4M
-663K
-10.6M
-489K
64.7M
-97K
68.7M
11.4M
19.2M
10.6M
8.3M
11.3M
7.3M
CASH FLOW SUMMARY
10.2M
-14.5M
-25.9M
-37M
42M
-14.6M
58.9M
1.9M
7.7M
-2.1M
-3.1M
5M
-1.4M
22.2M
36.7M
62.6M
99.5M
57.5M
72.2M
13.3M
11.3M
3.7M
4.6M
7.7M
2.7M
4.1M
32.4M
22.2M
36.7M
62.6M
99.5M
57.5M
72.2M
13.3M
11.3M
2.5M
4.6M
7.7M
2.7M
-14.3M
-13.8M
-15.3M
-36.5M
-22.6M
-14.5M
-10.1M
-9.5M
-11.5M
-12.7M
-11.4M
-7M
-7.9M

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