tradmap

XNCR Financials Xencor Inc

13 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 →

Growth & profitability

  • Revenue has grown 0.5% per year over the past 5 years.
  • Operating margin has contracted, at -141.4% in the latest year.

Financial health

  • Total debt ($76M) exceeds cash ($54M); net debt is $22M.
  • Operating income covered interest expense -5.6× in the latest year.
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$233M $21M $275M $0 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-211% -85% 41% 0% 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Return on equity & assets (ROE / ROA)
-82% -34% 13% 0% 2013 2015 2017 2019 2021 2023 2025
ROEROA
Free cash flow (CFO − capex)
-$208M -$57M $94M $0 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $82M $164M 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$214M $20M $254M $0 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MROEROAFCFTotal debtCash
2025 $126M -$92M 0.0% -141.4% -14.5% -10.5% -$138M $76M $54M
2024 $110M -$233M 0.0% -161.5% -34.3% -24.4% -$208M $115M $41M
2023 $175M -$133M 0.0% -75.8% -20.1% -13.8% -$96M $162M $54M
2022 $165M -$55M 0.0% -50.1% -7.6% -6.5% -$14M $0 $54M
2021 $275M $83M 0.0% 15.9% 11.3% 9.9% -$30M $143M
2020 $123M -$69M 0.0% -62.6% -12.1% -9.9% -$16M $164M
2019 $157M $27M 0.0% 8.8% 4.5% 4.0% $57M $50M
2018 $41M -$70M 0.0% -195.5% -13.5% -12.2% -$87M $26M
2017 $46M -$38M 0.0% -93.4% -12.2% -9.9% -$39M $17M
2016 $109M $45M 0.0% 40.4% 13.4% 10.5% $94M $15M
2015 -$18M -10.8% -8.5% $25M $13M
2014 -$16M -27.7% -24.2% $55M
2013 -$60M -81.9% -69.0% $78M

Valuation over time

How the market has priced XNCR 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.

Price / sales (P/S)
0.0 8.1 16.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/S

Frequently asked questions

Is XNCR growing its revenue and profit?

Over the past 5 years, Xencor Inc's revenue has grown 0.5% per year. These are computed facts, not advice.

How much debt does XNCR have?

As of FY2025, Xencor Inc reported $76M of total debt against $54M of cash; operating income covered interest expense -5.6×.

What is XNCR's profit margin?

In FY2025, gross margin was —, operating margin -141.4%, and net margin -73.2%.

Where does this data come from?

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.