XNCR
$22.85-4.79%
Xencor Inc.Stock · HealthcareRussell 2000 0.04%Nasdaq Composite 0.004%US Stock Market 0.002%Russell 3000 0.001%
XNCR financial statements
The full income statement, balance sheet, and cash-flow statement for Xencor Inc. (XNCR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 61.8M2024-09 70.0M2024-12 70.5M2025-03 71.2M2025-06 71.3M2025-09 71.4M2025-12 73.3M2026-03 74.1M2026-06 74.4M+20.2% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 126M+13.7% | 110M-36.7% | 175M+6.1% | 165M-40.2% | 275M+124.2% | |
| 303M+4.9% | 289M-5.9% | 307M+24.3% | 247M+6.8% | 231M+16.0% | ||
| Research & development | 239M+5.2% | 228M-10.2% | 254M+27.1% | 200M+3.7% | 193M+13.4% | |
| Selling, general & administrative | 63.6M+4.0% | 61.2M+14.7% | 53.4M+12.4% | 47.5M+22.3% | 38.8M+30.8% | |
| General & administrative | 63.6M+4.0% | 61.2M+14.7% | 53.4M+12.4% | 47.5M+22.3% | 38.8M+30.8% | |
| Amortization of intangibles | 900K-30.8% | 1.30M+0.0% | 1.30M-7.1% | 1.40M+16.7% | 1.20M+9.1% | |
| Operating income | -178M+0.5% | -178M-34.8% | -132M-60.5% | -82.5M-288.4% | 43.8M+157.0% | |
| Interest expense | 31.9M-12.9% | 36.6M+493.2% | 6.18M+47415.4% | 13.0K+0.0% | 13.0K | |
| Interest & investment income | 27.5M-13.8% | 31.9M+65.2% | 19.3M+300.2% | 4.83M+460.3% | 862K | |
| Net interest income | — | 31.9M+65.2% | 19.3M+300.2% | 4.83M+468.9% | 849K-88.3% | |
| Other non-operating income | -73.0K-246.0% | 50.0K+261.3% | -31.0K+79.1% | -148K+88.4% | -1.27M-1441.1% | |
| Gain (loss) on equity securities | 102M+423.1% | -31.4M-7854.9% | -395K-101.7% | 23.4M-40.4% | 39.3M+37318.1% | |
| Pre-tax income | -89.6M+61.8% | -235M-96.4% | -120M-119.5% | -54.5M-166.0% | 82.6M+219.2% | |
| Income tax | 2.50M+54.9% | 1.62M-88.2% | 13.7M+1930.0% | 673K | 0.00 | |
| -91.9M+60.5% | -233M-74.7% | -133M-141.3% | -55.2M-166.8% | 82.6M+219.2% | ||
| Net income to non-controlling interest | -214K+94.5% | -3.92M-2306.1% | -163K | 0.00 | 0.00 | |
| Net income to common | -91.9M+60.5% | -233M-74.7% | -133M-141.3% | -55.2M-166.8% | 82.6M+219.2% | |
| -$1.24+65.4% | -$3.58-62.7% | -$2.20-136.6% | -$0.93-167.9% | $1.37+213.2% | ||
| EPS (basic) | -$1.24+65.4% | -$3.58-62.7% | -$2.20-136.6% | -$0.93-165.5% | $1.42+217.4% | |
| Weighted-avg shares (basic) | 74.2M+14.1% | 65.0M+7.5% | 60.5M+1.4% | 59.7M+2.2% | 58.4M+2.0% | |
| Weighted-avg shares (diluted) | 74.2M+14.1% | 65.0M+7.5% | 60.5M+1.4% | 59.7M-1.4% | 60.5M+5.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 600M+3.8% | 578M-9.1% | 636M-5.9% | 675M+59.1% | 424M-33.5% | ||
| Cash & equivalents | 54.1M+32.3% | 40.9M-24.0% | 53.8M-0.3% | 53.9M-62.4% | 143M-12.3% | |
| Accounts receivable | 29.3M-51.8% | 60.8M+156.3% | 23.7M-18.1% | 29.0M-56.3% | 66.4M+480.1% | |
| Prepaid expenses | 22.8M+20.1% | 19.0M+4.6% | 18.1M-22.1% | 23.3M-2.5% | 23.9M+122.6% | |
| 875M-8.0% | 952M-1.4% | 965M+14.0% | 846M+1.0% | 838M+19.2% | ||
| Property, plant & equipment | 53.3M-10.9% | 59.8M-9.6% | 66.1M+11.7% | 59.2M+109.6% | 28.2M+30.2% | |
| Operating lease right-of-use | 37.6M-2.0% | 38.3M+12.8% | 34.0M-1.2% | 34.4M+8.5% | 31.7M+199.3% | |
| Intangible assets | 8.38M-54.6% | 18.5M-1.0% | 18.7M+0.9% | 18.5M+12.2% | 16.5M+3.2% | |
| Other non-current assets | 498K+0.0% | 498K-23.1% | 648K+5.7% | 613K-6.1% | 653K+208.0% | |
| 95.9M+9.7% | 87.4M+18.3% | 73.9M+15.8% | 63.8M-9.7% | 70.7M-41.6% | ||
| Accounts payable | 10.8M-35.4% | 16.8M+20.4% | 13.9M+37.9% | 10.1M-27.9% | 14.0M+56.4% | |
| Accrued liabilities | 35.0M+81.9% | 19.2M-18.4% | 23.6M+25.8% | 18.7M-3.7% | 19.4M+10.5% | |
| Deferred revenue | — | 0.00 | 0.00-100.0% | 30.3M-18.8% | 37.3M-59.7% | |
| Short-term & current debt | 43.3M-10.7% | 48.4M+74.8% | 27.7M | 0.00 | — | |
| Current lease liability | 3.26M+8.4% | 3.01M-12.4% | 3.44M-27.0% | 4.71M | 0.00-100.0% | |
| 240M-13.7% | 278M-8.3% | 303M+155.2% | 119M+13.4% | 105M-19.9% | ||
| Long-term debt | 76.5M-33.6% | 115M-28.8% | 162M | 0.00 | — | |
| Deferred revenue (non-current) | — | — | 0.00 | — | — | |
| Non-current lease liability | 64.7M-0.9% | 65.3M+10.7% | 59.0M+7.5% | 54.9M+61.7% | 34.0M+248.8% | |
| Operating lease liability (total) | 68.0M-0.5% | 68.3M+9.4% | 62.5M+4.7% | 59.6M+75.6% | 34.0M+192.1% | |
| Other non-current liabilities | 0.00 | — | — | — | — | |
| 636M-6.2% | 678M+2.4% | 662M-9.0% | 727M-0.8% | 734M+28.1% | ||
| Preferred stock | — | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 718K+2.1% | 703K+15.1% | 611K+1.7% | 601K+1.0% | 595K+2.6% | |
| Additional paid-in capital | 1.43B+3.4% | 1.38B+22.1% | 1.13B+5.5% | 1.07B+5.4% | 1.02B+8.5% | |
| Retained earnings | -796M-13.1% | -704M-49.3% | -471M-39.4% | -338M-19.5% | -283M+22.6% | |
| Accumulated other comprehensive income | 1.58M+337.7% | -663K-151.4% | 1.29M+118.6% | -6.95M-360.4% | -1.51M-2140.5% | |
| Non-controlling interest | 0.00+100.0% | -3.58M-1163.8% | 337K | 0.00 | — | |
| Total equity incl. non-controlling | 636M-5.7% | 674M+1.8% | 662M-9.0% | 727M-0.8% | 734M+28.1% | |
| Total liabilities & equity | 875M-8.0% | 952M-1.4% | 965M+14.0% | 846M+1.0% | 838M+19.2% | |
| Common shares issued | 71.9M+2.3% | 70.3M+15.2% | 61.0M+1.7% | 60.0M+1.1% | 59.4M+2.6% | |
| Common shares outstanding | 71.9M+2.3% | 70.3M+15.2% | 61.0M+1.7% | 60.0M+1.1% | 59.4M+2.6% | |
| Shares outstanding (cover) | 73.3M+4.1% | 70.5M+15.3% | 61.1M+1.8% | 60.0M+1.1% | 59.4M+2.5% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| -135M+33.2% | -202M-159.5% | -77.9M-418.3% | 24.5M+245.3% | -16.9M-236.8% | ||
| Depreciation & amortization | 10.5M-13.2% | 12.1M+5.3% | 11.5M+30.7% | 8.80M+17.5% | 7.49M+29.3% | |
| Intangible amortization | 900K-30.8% | 1.30M+0.0% | 1.30M-7.1% | 1.40M+16.7% | 1.20M+9.1% | |
| Share-based compensation | 43.2M-18.9% | 53.3M-0.9% | 53.8M+9.9% | 48.9M+32.3% | 37.0M+16.9% | |
| Deferred income taxes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Change in receivables | -28.7M-187.9% | 32.7M+264.7% | -19.8M | — | — | |
| Change in payables | -3.95M-238.9% | 2.85M-25.6% | 3.83M+197.8% | -3.91M-177.5% | 5.05M+508.7% | |
| 140M+1878.3% | -7.87M+92.9% | -111M+7.2% | -120M-158.9% | -46.2M-146.2% | ||
| Capital expenditure | 3.15M-48.3% | 6.10M-67.0% | 18.4M-52.1% | 38.5M+189.5% | 13.3M+26.2% | |
| Free cash flow | -138M+33.6% | -208M-116.1% | -96.4M-587.9% | -14.0M+53.5% | -30.2M-94.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | — | 565M-18.4% | 693M+126.1% | 307M | — | |
| Proceeds from sale of PP&E | 0.00 | 0.00-100.0% | 1.00K | 0.00-100.0% | 19.0K+1800.0% | |
| 8.23M-95.8% | 197M+4.2% | 189M+3218.5% | 5.70M-86.8% | 43.0M+138.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00-100.0% | 201M | 0.00 | 0.00-100.0% | 28.9M | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net change in cash | 13.1M+201.5% | -12.9M-5761.4% | 228K+100.3% | -89.5M-346.3% | -20.1M-117.7% | |
| Interest paid | 5.00K-84.8% | 33.0K+50.0% | 22.0K+69.2% | 13.0K-7.1% | 14.0K-6.7% | |
| Income taxes paid | 7.31M+19.9% | 6.10M | 0.00-100.0% | 700K | 0.00 | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.12B-30.7% | 1.62B+25.3% | 1.29B-17.2% | 1.56B-34.5% | 2.38B-5.8% | |
| P/E | — | — | — | 52.2×+80.9% | 28.8× | |
| P/S | 8.9×-39.0% | 14.7×+64.7% | 8.9×+69.3% | 5.3×-39.3% | 8.7×-58.0% | |
| P/B | 1.8×-26.1% | 2.4×+23.7% | 1.9×-10.5% | 2.2×-33.5% | 3.2×-26.5% | |
| P/FCF | — | — | — | 20.6× | — | |
| Earnings yield | — | — | — | 1.9%-44.7% | 3.5% | |
| FCF yield | — | — | — | 4.9% | — | |
| Source filing | 10-K | 10-K | 10-K/A | 10-K | 10-K |
About this data
Source: XNCR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all XNCR filings on SEC EDGAR → Not investment advice.