8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | $67M | -$20M | 58.3% | -21.1% | -114.3% | -34.4% | -$14M | $23M | $32M |
| 2024 | $56M | -$15M | 59.5% | -24.5% | -158.4% | -33.8% | -$14M | $20M | $22M |
| 2023 | $53M | -$24M | 56.1% | -43.5% | -104.4% | -41.6% | -$15M | $19M | $36M |
| 2022 | $46M | -$47M | 46.9% | -101.1% | -111.6% | -55.0% | -$36M | $29M | $62M |
| 2021 | $48M | -$27M | 57.4% | -49.8% | -31.6% | -21.8% | -$23M | $27M | $99M |
| 2020 | $42M | -$17M | 60.6% | -36.2% | -39.9% | -21.3% | -$15M | $27M | $57M |
| 2019 | $40M | -$12M | 53.4% | -23.0% | -21.6% | -13.6% | -$10M | $26M | $72M |
| 2018 | $32M | -$8M | 52.6% | -15.0% | 7.2% | -27.7% | -$10M | $25M | $13M |
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | $20M | -$3M | 61.3% | -8.6% | -26.2% | -6.2% | $3M | $23M | $25M |
| Mar '26 | $17M | -$4M | 59.0% | -19.7% | -27.5% | -7.6% | -$11M | $23M | $22M |
| Dec '25 | $17M | -$5M | 55.4% | -29.9% | -26.8% | -8.1% | -$3M | $23M | $32M |
| Sep '25 | $17M | -$7M | 58.4% | -18.0% | -39.1% | -11.3% | $3M | $23M | $36M |
| Jun '25 | $17M | -$4M | 60.4% | -15.3% | -21.1% | -7.6% | -$3M | $23M | $30M |
| Mar '25 | $15M | -$4M | 58.9% | -21.7% | -58.6% | -9.3% | -$11M | $21M | $11M |
| Dec '24 | $14M | -$4M | 62.1% | -24.8% | -39.4% | -8.4% | $217000 | $20M | $22M |
| Sep '24 | $13M | -$5M | 55.8% | -37.3% | -39.1% | -11.5% | -$2M | $20M | $22M |
| Jun '24 | $15M | -$3M | 60.1% | -17.2% | -16.9% | -6.0% | -$3M | $20M | $24M |
| Mar '24 | $14M | -$3M | 59.6% | -20.8% | -16.8% | -6.6% | -$9M | $20M | $27M |
| Dec '23 | $14M | -$6M | 59.2% | -37.4% | -24.6% | -9.8% | $8M | $19M | $36M |
| Sep '23 | $13M | -$5M | 57.4% | -37.8% | -19.7% | -8.9% | -$3M | $19M | $28M |
| Jun '23 | $14M | -$5M | 58.7% | -34.8% | -15.7% | -7.8% | -$10M | $19M | $31M |
| Mar '23 | $11M | -$8M | 47.2% | -68.6% | -21.4% | -9.7% | -$10M | $29M | $52M |
| Dec '22 | $13M | -$14M | 50.9% | -112.9% | -33.8% | -16.6% | -$6M | $29M | $62M |
| Sep '22 | $15M | -$8M | 59.2% | -53.1% | -14.4% | -8.0% | -$8M | $28M | $69M |
| Jun '22 | $8M | -$15M | 20.1% | -184.9% | -23.3% | -13.7% | -$13M | $28M | $76M |
| Mar '22 | $10M | -$10M | 44.0% | -93.1% | -13.5% | -8.4% | -$10M | $28M | $90M |
| Dec '21 | $13M | -$7M | 61.1% | -49.3% | -8.3% | -5.7% | -$7M | $27M | $99M |
| Sep '21 | $12M | -$7M | 55.2% | -53.1% | -7.9% | -5.6% | -$6M | $27M | $107M |
How the market has priced XGN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, EXAGEN INC.'s revenue has grown 9.7% per year. These are computed facts, not advice.
As of FY2025, EXAGEN INC. reported $23M of total debt against $32M of cash; operating income covered interest expense -3.3×.
In FY2025, gross margin was 58.3%, operating margin -21.1%, and net margin -30.0%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.