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Xencor, Inc. XNCR R2K

Healthcare · Biotechnology · United States
https://www.xencor.com

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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$11.88
+48.50% 1Y

Market & Price

Market Cap
$880.80M
Current Price
$11.88
High / Low (52W)
$18.14 / $7.00
Beta
0.93

Valuation

Stock P/E
-
Industry PE
23.65
Forward P/E
-
PEG Ratio
-
Book Value
$8.84
Price to Book
1.34
P/S
9.05
EV/EBITDA
-3.03
Dividend Yield
-

Profitability & Returns

ROCE
-7.40%
ROE
-29.84%
ROA
-16.16%
Profit Margin
-
Op Margin
-
EPS (Latest Qtr)
$-1.71
EPS (TTM)
$-2.29

Balance Sheet & Liquidity

Debt/Equity
0.34
Quick Ratio
6.22
Current Ratio
6.57
Debt
$175.16M
Total Assets
$875.50M
Current Assets
$599.82M
Working Capital
$503.91M

Ownership

Promoter Holding
1.18%
Chg in Prom Hold
-
FII / Inst Holding
115.47%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$611.02M
Total Revenue (TTM)
$97.36M
EBITDA
$-201.80M
Free Cash Flow
$-76.89M
Operating Cash Flow
$-186.52M
Shares Outstanding
74.14M
Gross Margin
-
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
-8.62%
Profit 5Y
-22.19%
Revenue (YoY)
-86.20%
Earnings (YoY)
-

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

Robinhood TradingView StockAnalysis

Fundamental Growth

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).

#NameCMP $P/E Mkt CapDiv 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%
Ad space

Quarterly Results

Figures in USD.

Metric Jun 2015Sep 2015Dec 2015Mar 2016Jun 2016Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -------3.50M12.50M-30.15M--29.04M11.56M111.94M19.48M21.76M3.52M32.38M13.09M35.37M41.85M33.97M67.45M19.68M85.50M30.18M27.30M18.96M45.52M59.16M16.00M23.91M17.80M32.73M43.61M21.00M28.24M4.52M
Cost of Revenue ----------------------------------------
Gross Profit ----------------------------------------
Operating Expenses -----------------------------------75.92M76.78M68.52M81.86M82.38M
Operating Income -8.99M-10.31M7.44M-6.73M48.56M-9.26M-10.03M-16.36M-8.51M-23.58M5.33M-30.65M-28.29M651.00K-21.08M78.24M-19.57M-14.28M-30.57M-8.78M-37.60M-16.72M-13.70M-15.67M9.09M-41.30M26.47M-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-20.18M4.23M5.67M-121.37M
Interest Expense -----------------------------------8.66M8.24M7.67M7.35M4.70M
Pretax Income ------------------------------------48.27M-31.07M-6.03M-4.27M-128.64M
Tax Provision -----------------------------------367.00K-250.00K02.39M280.00K
Net Income -8.87M-10.04M7.76M-6.40M47.16M-8.08M-9.06M-15.47M-7.72M-22.65M7.37M-29.49M-25.87M3.15M-18.20M80.05M-16.03M-10.22M-26.91M-8.07M-35.02M-12.55M-13.69M-2.49M52.25M-40.19M23.59M-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 -0.22-0.250.19-0.161.13-0.20-0.21-0.33-0.17-0.480.15-0.62-0.460.05-0.321.38-0.28-0.18-0.47-0.14-0.61-0.22-0.24-0.040.87-0.690.39-0.57-0.55-1.02-0.37-0.40-1.20-1.09-0.72-0.66-0.41-0.08-0.09-1.71
R&D Expense 7.48M10.58M-10.04M14.41M14.07M-15.05M16.92M19.41M-26.09M23.33M20.95M-28.18M33.30M29.77M-33.94M43.46M44.45M-41.41M49.50M50.61M47.76M47.08M53.27M65.55M60.06M64.94M56.87M61.53M58.23M58.58M61.66M54.37M-64.67M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue ----109.02M46.15M40.60M156.70M122.69M275.11M164.58M174.62M110.49M125.58M
Cost of Revenue --------------
Gross Profit --------------
Operating Expenses ----------247.05M306.98M288.90M303.08M
Operating Income -6.23M-10.52M-16.46M-18.34M44.04M-43.12M-79.37M13.82M-76.80M43.77M-82.47M-132.36M-178.41M-177.50M
EBITDA -----------45.70M-101.96M-186.17M-47.19M
Interest Expense ----------13.00K6.18M36.64M31.93M
Pretax Income -----------54.51M-119.63M-234.92M-89.63M
Tax Provision ----------673.00K13.66M1.62M2.50M
Net Income --60.26M-16.42M-17.59M45.12M-38.49M-70.41M26.88M-69.33M82.63M-55.18M-133.13M-232.62M-91.92M
Diluted EPS -118.86-3.85-0.52-0.451.07-0.82-1.310.46-1.211.37-0.93-2.08-3.58-1.24
R&D Expense 12.67M17.00M18.52M34.14M51.87M71.77M97.50M118.59M169.80M192.51M199.56M253.60M227.69M239.43M

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 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --87.31M67.82M206.91M428.56M390.20M576.73M670.25M703.24M-846.27M965.13M951.95M875.50M
Current Assets -----------675.34M635.60M577.60M599.82M
Cash & Equivalents 14.54M2.31M77.97M54.65M12.59M14.53M16.53M26.25M50.31M163.54M-53.94M53.79M40.88M54.07M
Inventory ---------------
Receivables -----------29.00M23.74M60.85M29.30M
Total Liabilities --13.78M8.53M44.48M114.61M73.74M55.05M77.05M130.80M-118.77M303.05M277.92M239.91M
Current Liabilities --7.48M6.20M43.43M106.29M72.65M53.85M66.56M121.06M-63.84M73.92M87.43M95.91M
Long Term Debt ------------161.77M115.16M76.48M
Total Debt -----------59.63M251.94M231.95M187.75M
Total Equity -157.70M-166.27M73.53M59.29M162.43M337.93M316.46M521.68M593.20M572.44M-727.50M661.75M677.61M635.59M
Shares Outstanding -----------60.00M61.00M70.26M71.87M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow ---26.67M95.24M-33.60M-79.76M64.37M-5.00M-24.48M-77.93M-202.19M-135.12M
Investing Cash Flow ----185.11M-214.27M31.86M-164.77M-50.97M100.19M--119.72M-111.06M-7.87M139.99M
Financing Cash Flow ---116.38M120.97M3.73M254.24M10.66M18.04M-5.70M189.22M197.15M8.23M
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 ---24.74M93.73M-38.91M-86.97M57.02M-15.54M--18.92M-99.18M-211.70M-138.27M
Net Change in Cash -----------89.54M228.00K-12.91M13.10M

Ratios (Annual)

Figures in %.

Metric Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 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

Insiders
1.18%
Institutions
115.47%
Public Float
116.85%

Top Institutional Holders

#Holder% HeldSharesValue
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

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