EXAGEN INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.6M | $55.6M | $52.5M | $45.6M | $48.3M | $42.0M | $40.4M | $32.4M |
| Cost of Revenue | $27.8M | $22.5M | $23.1M | $24.2M | $20.6M | $16.6M | $18.8M | $15.4M |
| Gross Profit | $38.8M | $33.1M | $29.5M | $21.3M | $27.7M | $25.4M | $21.6M | $17.1M |
| Gross Margin | 58.3% | 59.5% | 56.1% | 46.9% | 57.4% | 60.6% | 53.4% | 52.6% |
| Operating Expenses | ||||||||
| Research & Development | $6.3M | $5.4M | $4.9M | $9.9M | $7.2M | $3.6M | $2.2M | $2.1M |
| SG&A Expense | $46.6M | $41.4M | $47.4M | $52.0M | $44.5M | $37.0M | $28.7M | $19.7M |
| Operating Income | $-14.1M | $-13.6M | $-22.8M | $-46.1M | $-24.1M | $-15.2M | $-9.3M | $-4.9M |
| Operating Margin | -21.1% | -24.5% | -43.5% | -101.1% | -49.8% | -36.2% | -23.0% | -15.0% |
| Interest Expense | — | — | $2.3M | $2.4M | $2.6M | $2.6M | $3.5M | $2.9M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $51.0K | $12.0K | $33.0K | $-282.0K | $175.0K | $-79.0K | $25.0K | $58.0K |
| Net Income | $-20.0M | $-15.1M | $-23.7M | $-47.4M | $-26.9M | $-16.7M | $-12.0M | $-8.0M |
| Net Margin | -30.0% | -27.2% | -45.1% | -104.0% | -55.6% | -39.8% | -29.8% | -24.7% |
| EPS (Basic) | $-0.93 | $-0.83 | $-1.34 | $-2.77 | $-1.68 | $-1.32 | $-8.46 | $-293.34 |
| EPS (Diluted) | $-0.93 | $-0.83 | $-1.34 | $-2.77 | $-1.68 | $-1.32 | $-8.46 | $-293.34 |
| Shares Outstanding (Basic) | 21.6M | 18.2M | 17.7M | 17.1M | 16.0M | 12.6M | 12.6M | 63.0K |
| Shares Outstanding (Diluted) | 21.6M | 18.2M | 17.7M | 17.1M | 16.0M | 12.6M | 12.6M | 63.0K |
| Dividends Per Share | — | — | — | — | — | — | — | — |