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MARKETS / NASDAQ / XNCR
NASDAQ · PHARMACEUTICAL PREPARATIONS · MID CAP

Xencor Inc. XNCR

14 fiscal years on record · USD · FY2025 reported · SEC filings only
$125.6M
▲ 13.7% YoY
$-91.9M
$-138.3M
In brief

What this company does

Its approach to protein design includes engineering Fc domains, the parts of antibodies that interact with multiple segments of the immune system and control antibody structure, which can be substituted for natural Fc domains to provide features such as bispecific structure and extended half-life and serve as the scaffolds for its XmAb drug candidates. Three marketed medicines have been developed with its XmAb protein engineering technologies. As of December 31, 2025, it had 260 full-time employees, of which 212 were engaged in research and development activities and 48 were engaged in business development, information systems, facilities, human resources, or administrative support. Its principal offices are located at 465 North Halstead Street, Suite 200, Pasadena, California. Xencor was incorporated in California in August 1997 under the name Xencor, and reincorporated in the state of Delaware under the name Xencor, Inc. in September 2004.

Written from the business description in Xencor Inc's annual report to the U.S. Securities and Exchange Commission, filed 25 February 2026. Every sentence was checked against that document before publication.

Growth
USD 125.6M
Revenue, FY2025 · full 14-year series below
Revenue $M Net income $M
FY2025 · Revenue 125.6 · Net income -91.9
100M200M-80M-160M20122014201620182020202220242025
Compound annual growth
−8.6%
+0.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +0.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−73 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -141.4% · Net -73.4%
20%40%-100%-200%20122014201620182020202220242025
ROE
FY2025 · ROE -14.0%
5%10%15%-10%-20%-30%20122014201620182020202220242025

Each USD of equity lost 14 cents this year.

Cash & shareholders
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -138.3
40M80M-80M-160M20122014201620182020202220242025

Total assetsUSD 875.5M
EquityUSD 635.6M
CashUSD 54.1M
Gross debtUSD 119.7M
Net debtUSD 65.7M
Current ratio6.25×

Net debt stands at 10% of equity.

The 14-year record
14 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012
Revenue $B0.10.10.20.20.30.10.20.00.00.1····
Operating income $B−0.2−0.2−0.1−0.10.0−0.10.0−0.1−0.00.0−0.0−0.0−0.0−0.0
EBITDA $B−0.2−0.2−0.1−0.10.1−0.10.0−0.1−0.00.0−0.0−0.0−0.0−0.0
Income tax $B0.00.00.00.00.00.00.00.0−0.00.0····
Net income $B−0.1−0.2−0.1−0.10.1−0.10.0−0.1−0.00.0−0.0−0.0−0.1−0.0
Free cash flow $B−0.1−0.2−0.1−0.0−0.0−0.00.1−0.1−0.00.10.0−0.0−0.0−0.0
EPS, diluted $−1.24−3.58−2.20−0.931.37−1.210.46−1.31−0.821.07−0.45−0.52−3.85−118.86
Dividend / sh $··············
Payout %··············
ROE %−14.0−34.7−19.2−7.612.7−11.94.8−16.8−11.818.0−15.9−24.7··
Shares out B0.070.070.060.060.060.060.060.060.050.050.040.030.03·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 54 reconciliationsAUDITED

Reconciled in 14 of 19 fiscal years. 22 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityPharmaceutical Preparations
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2012

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