Xencor, Inc. XNCR R2K
Xencor, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery and development of engineered antibodies for the treatment of cancer and autoimmune diseases. The company provides Ultomiris to treat patients with atypical hemolytic uremic syndrome, generalized myasthenia gravis, and neuromyelitis optica spectrum disororder; and Monjuvi for the treatment of patients with relapsed or refractory diffuse large B-cell lymphoma. It also develops XmAb819, a bispecific antibody to treat renal cell carcinoma; XmAb541, which is in Phase I for the treatment of ovarian cancer; XmAb808, a bispecific antibody that binds to the broadly expressed tumor antigen; XmAb942, which is in clinical development for patients with Crohn's disease and ulcerative colitis; Plamotamab, a bispecific T-cell, which is in Phase Ib study to treat rheumatoid arthritis; and XmAb657 for patients with idiopathic inflammatory myopathies. Further, the company develops Xaluritamig, a bispecific T-cell engager that treats prostate cancer; ASP2138 to treat gastric, gastroesophageal junction, and pancreatic cancers; JNJ-9401 to treat metastatic castration-resistant prostate cancer; Obexelimab, an antibody to treat patients with autoimmune diseases; Tobevibart, a treatment for chronic hepatitis Delta; Zaltenibart to treat paroxysmal nocturnal hemoglobinuria and other alternative pathway disorders; Teropavimab and zinlirvimab to treat human immunodeficiency virus; Novartis, an antibody drug candidate that uses XmAb Fc technologies; and JNJ-1493 to treat B-cell malignancies. The company was incorporated in 1997 and is headquartered in Pasadena, California.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
No notable strengths flagged.
CONS
- Revenue declined at -8.6% CAGR over 5 years.
- Earnings shrank at -22.2% CAGR over 5 years.
- Trading 34.5% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Healthcare).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | XNCR Xencor, Inc. R2K | 11.88 | - | $880.80M | - | -7.40% | -29.84% | -8.62% | -22.19% |
| 2 | LLY Eli Lilly and Company SPX | 1,105.00 | 39.21 | $985.37B | 0.63% | 38.44% | 107.46% | 31.69% | 48.96% |
| 3 | JNJ Johnson & Johnson SPX | 225.33 | 26.11 | $542.42B | 2.38% | 23.13% | 26.42% | 5.60% | 14.32% |
| 4 | UNH UnitedHealth Group Incorporated SPX | 380.31 | 28.66 | $345.38B | 2.32% | 9.60% | 12.18% | 11.35% | -15.69% |
| 5 | MRK Merck & Co., Inc. SPX | 118.72 | 33.44 | $293.22B | 2.86% | 20.66% | 18.94% | 3.12% | 7.93% |
| 6 | TMO Thermo Fisher Scientific Inc. SPX | 492.51 | 27.11 | $183.03B | 0.38% | 9.17% | 13.52% | -0.27% | -1.19% |
| 7 | AMGN Amgen Inc. NDXSPX | 336.79 | 23.42 | $181.77B | 2.99% | 18.02% | 101.32% | 11.77% | 5.58% |
| 8 | GILD Gilead Sciences, Inc. NDXSPX | 134.43 | 18.29 | $166.90B | 2.44% | 22.92% | 43.36% | 2.57% | 22.83% |
| 9 | ISRG Intuitive Surgical, Inc. NDXSPXAI | 424.64 | 51.53 | $150.39B | - | 15.96% | 17.23% | 17.39% | 29.26% |
Quarterly Results
Figures in USD.
| Metric | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 3.50M | 12.50M | - | 30.15M | - | - | 29.04M | 11.56M | 111.94M | 19.48M | 21.76M | 3.52M | 32.38M | 13.09M | 35.37M | 41.85M | 33.97M | 67.45M | 19.68M | 85.50M | 30.18M | 27.30M | 18.96M | 45.52M | 59.16M | 16.00M | 23.91M | 17.80M | 32.73M | 43.61M | 21.00M | 28.24M | 4.52M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75.92M | 76.78M | 68.52M | 81.86M | 82.38M |
| Operating Income | -8.99M | -10.31M | 7.44M | -6.73M | 48.56M | -9.26M | -10.03M | -16.36M | -8.51M | -23.58M | 5.33M | -30.65M | -28.29M | 651.00K | -21.08M | 78.24M | -19.57M | -14.28M | -30.57M | -8.78M | -37.60M | -16.72M | -13.70M | -15.67M | 9.09M | -41.30M | 26.47M | -28.00M | -38.35M | -60.74M | -26.00M | -18.27M | -54.66M | -55.37M | -55.20M | -43.18M | -33.17M | -47.52M | -53.63M | -77.86M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -36.91M | -20.18M | 4.23M | 5.67M | -121.37M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.66M | 8.24M | 7.67M | 7.35M | 4.70M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -48.27M | -31.07M | -6.03M | -4.27M | -128.64M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 367.00K | -250.00K | 0 | 2.39M | 280.00K |
| Net Income | -8.87M | -10.04M | 7.76M | -6.40M | 47.16M | -8.08M | -9.06M | -15.47M | -7.72M | -22.65M | 7.37M | -29.49M | -25.87M | 3.15M | -18.20M | 80.05M | -16.03M | -10.22M | -26.91M | -8.07M | -35.02M | -12.55M | -13.69M | -2.49M | 52.25M | -40.19M | 23.59M | -33.98M | -32.76M | -60.76M | -21.95M | -24.27M | -73.44M | -67.34M | -46.29M | -48.42M | -30.82M | -6.03M | -6.65M | -128.92M |
| Diluted EPS | -0.22 | -0.25 | 0.19 | -0.16 | 1.13 | -0.20 | -0.21 | -0.33 | -0.17 | -0.48 | 0.15 | -0.62 | -0.46 | 0.05 | -0.32 | 1.38 | -0.28 | -0.18 | -0.47 | -0.14 | -0.61 | -0.22 | -0.24 | -0.04 | 0.87 | -0.69 | 0.39 | -0.57 | -0.55 | -1.02 | -0.37 | -0.40 | -1.20 | -1.09 | -0.72 | -0.66 | -0.41 | -0.08 | -0.09 | -1.71 |
| R&D Expense | 7.48M | 10.58M | - | 10.04M | 14.41M | 14.07M | - | 15.05M | 16.92M | 19.41M | - | 26.09M | 23.33M | 20.95M | - | 28.18M | 33.30M | 29.77M | - | 33.94M | 43.46M | 44.45M | - | 41.41M | 49.50M | 50.61M | 47.76M | 47.08M | 53.27M | 65.55M | 60.06M | 64.94M | 56.87M | 61.53M | 58.23M | 58.58M | 61.66M | 54.37M | - | 64.67M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 109.02M | 46.15M | 40.60M | 156.70M | 122.69M | 275.11M | 164.58M | 174.62M | 110.49M | 125.58M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 247.05M | 306.98M | 288.90M | 303.08M |
| Operating Income | -6.23M | -10.52M | -16.46M | -18.34M | 44.04M | -43.12M | -79.37M | 13.82M | -76.80M | 43.77M | -82.47M | -132.36M | -178.41M | -177.50M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | -45.70M | -101.96M | -186.17M | -47.19M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 13.00K | 6.18M | 36.64M | 31.93M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | -54.51M | -119.63M | -234.92M | -89.63M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 673.00K | 13.66M | 1.62M | 2.50M |
| Net Income | - | -60.26M | -16.42M | -17.59M | 45.12M | -38.49M | -70.41M | 26.88M | -69.33M | 82.63M | -55.18M | -133.13M | -232.62M | -91.92M |
| Diluted EPS | -118.86 | -3.85 | -0.52 | -0.45 | 1.07 | -0.82 | -1.31 | 0.46 | -1.21 | 1.37 | -0.93 | -2.08 | -3.58 | -1.24 |
| R&D Expense | 12.67M | 17.00M | 18.52M | 34.14M | 51.87M | 71.77M | 97.50M | 118.59M | 169.80M | 192.51M | 199.56M | 253.60M | 227.69M | 239.43M |
Compounded Sales Growth
| 5 Years: | -8.62% |
| 1 Year: | -86.20% |
Compounded Profit Growth
| 5 Years: | -22.19% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | +48.50% |
| 6 Months: | -31.17% |
| 3 Months: | -6.97% |
| 1 Month: | +2.24% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 87.31M | 67.82M | 206.91M | 428.56M | 390.20M | 576.73M | 670.25M | 703.24M | - | 846.27M | 965.13M | 951.95M | 875.50M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 675.34M | 635.60M | 577.60M | 599.82M |
| Cash & Equivalents | 14.54M | 2.31M | 77.97M | 54.65M | 12.59M | 14.53M | 16.53M | 26.25M | 50.31M | 163.54M | - | 53.94M | 53.79M | 40.88M | 54.07M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 29.00M | 23.74M | 60.85M | 29.30M |
| Total Liabilities | - | - | 13.78M | 8.53M | 44.48M | 114.61M | 73.74M | 55.05M | 77.05M | 130.80M | - | 118.77M | 303.05M | 277.92M | 239.91M |
| Current Liabilities | - | - | 7.48M | 6.20M | 43.43M | 106.29M | 72.65M | 53.85M | 66.56M | 121.06M | - | 63.84M | 73.92M | 87.43M | 95.91M |
| Long Term Debt | - | - | - | - | - | - | - | - | - | - | - | - | 161.77M | 115.16M | 76.48M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 59.63M | 251.94M | 231.95M | 187.75M |
| Total Equity | -157.70M | -166.27M | 73.53M | 59.29M | 162.43M | 337.93M | 316.46M | 521.68M | 593.20M | 572.44M | - | 727.50M | 661.75M | 677.61M | 635.59M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 60.00M | 61.00M | 70.26M | 71.87M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | - | 26.67M | 95.24M | -33.60M | -79.76M | 64.37M | -5.00M | - | 24.48M | -77.93M | -202.19M | -135.12M |
| Investing Cash Flow | - | - | - | -185.11M | -214.27M | 31.86M | -164.77M | -50.97M | 100.19M | - | -119.72M | -111.06M | -7.87M | 139.99M |
| Financing Cash Flow | - | - | - | 116.38M | 120.97M | 3.73M | 254.24M | 10.66M | 18.04M | - | 5.70M | 189.22M | 197.15M | 8.23M |
| Capital Expenditure | -41.00K | -136.00K | -780.00K | -1.93M | -1.51M | -5.31M | -7.21M | -7.35M | -10.54M | - | -43.40M | -21.25M | -9.51M | -3.15M |
| Free Cash Flow | - | - | - | 24.74M | 93.73M | -38.91M | -86.97M | 57.02M | -15.54M | - | -18.92M | -99.18M | -211.70M | -138.27M |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | -89.54M | 228.00K | -12.91M | 13.10M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | - | - | - | - | 40.4% | -93.4% | -195.5% | 8.8% | -62.6% | 15.9% | -50.1% | -75.8% | -161.5% | -141.4% |
| Net Margin % | - | - | - | - | 41.4% | -83.4% | -173.4% | 17.2% | -56.5% | 30.0% | -33.5% | -76.2% | -210.5% | -73.2% |
| ROE % | - | -81.9% | -27.7% | -10.8% | 13.4% | -12.2% | -13.5% | 4.5% | -12.1% | - | -7.6% | -20.1% | -34.3% | -14.5% |
| ROCE % | - | -13.2% | -26.7% | -11.2% | 13.7% | -13.6% | -15.2% | 2.3% | -13.2% | - | -10.5% | -14.9% | -20.6% | -22.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 17.58% | 13.04M | $154.87M |
| 2 | Primecap Management Company | 13.94% | 10.34M | $122.82M |
| 3 | BVF Inc. | 9.62% | 7.13M | $84.75M |
| 4 | RTW Investments LP | 9.14% | 6.78M | $80.52M |
| 5 | RA Capital Management, L.P. | 6.61% | 4.90M | $58.18M |
| 6 | State Street Corporation | 5.87% | 4.35M | $51.70M |
| 7 | Vanguard Portfolio Management LLC | 4.72% | 3.50M | $41.58M |
| 8 | Vanguard Capital Management LLC | 4.18% | 3.10M | $36.85M |
| 9 | TCG Crossover Management, LLC | 3.31% | 2.45M | $29.13M |
| 10 | EcoR1 Capital, LLC | 2.94% | 2.18M | $25.93M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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