Xencor, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $125.6M | $110.5M | $174.6M | $164.6M | $275.1M | $122.7M | $156.7M | $40.6M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | $239.4M | $227.7M | $253.6M | $199.6M | $192.5M | $169.8M | $118.6M | $97.5M |
| SG&A Expense | $63.6M | $61.2M | $53.4M | $47.5M | $38.8M | $29.7M | $24.3M | $22.5M |
| Operating Income | $-177.5M | $-178.4M | $-132.4M | $-82.5M | $43.8M | $-76.8M | $13.8M | $-79.4M |
| Operating Margin | -141.4% | -161.5% | -75.8% | -50.1% | 15.9% | -62.6% | 8.8% | -195.5% |
| Interest Expense | — | — | $6.2M | $13.0K | $13.0K | — | — | $16.0K |
| Pretax Income | $-89.6M | $-234.9M | $-119.6M | $-54.5M | $82.6M | $-69.3M | $27.2M | $-70.4M |
| Income Tax Expense | $2.5M | $1.6M | $13.7M | $673.0K | $0 | $0 | $312.0K | $0 |
| Net Income | $-91.9M | $-232.6M | $-133.1M | $-55.2M | $82.6M | $-69.3M | $26.9M | $-70.4M |
| Net Margin | -73.2% | -210.5% | -76.2% | -33.5% | 30.0% | -56.5% | 17.2% | -173.4% |
| EPS (Basic) | $-1.24 | $-3.58 | $-2.20 | $-0.93 | $1.42 | $-1.21 | $0.48 | $-1.31 |
| EPS (Diluted) | $-1.24 | $-3.58 | $-2.20 | $-0.93 | $1.37 | $-1.21 | $0.46 | $-1.31 |
| Shares Outstanding (Basic) | 74.2M | 65.0M | 60.5M | 59.7M | 58.4M | 57.2M | 56.5M | 53.9M |
| Shares Outstanding (Diluted) | 74.2M | 65.0M | 60.5M | 59.7M | 60.5M | 57.2M | 58.5M | 53.9M |
| Dividends Per Share | — | — | — | — | — | — | — | — |