$4.54
-1.1%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.
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Margin squeeze alert: Healthy gross margins but weak operating margins suggest excessive operating expenses. Cost optimization could unlock significant value.
XGN โข NASDAQ
| Exagen Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 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 |
XGN - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
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 |
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