Xencor Inc (XNCR) financials
Xencor revenue and earnings by year
Xencor's revenue was $126 million in the fiscal year to December 31, 2025, up 13.7% from the year before. Net income was -$91.9 million, -73.2% of revenue. Since the fiscal year to December 31, 2016, revenue has grown 1.6% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 10 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 126 | 110 | 175 | 165 | 275 | 123 | 157 | 41 | 46 | 109 |
| Revenue growth | 13.7% | -36.7% | 6.1% | -40.2% | 124.2% | -21.7% | 285.9% | -12.0% | -57.7% | — |
| Operating income | -178 | -178 | -132 | -82 | 44 | -77 | 14 | -79 | -43 | 44 |
| Operating margin | -141.4% | -161.5% | -75.8% | -50.1% | 15.9% | -62.6% | 8.8% | -195.5% | -93.4% | 40.4% |
| Net income | -92 | -233 | -133 | -55 | 83 | -69 | 27 | -70 | -38 | 45 |
| Net margin | -73.2% | -210.5% | -76.2% | -33.5% | 30.0% | -56.5% | 17.2% | -173.4% | -83.4% | 41.4% |
| Diluted EPS | -$1.24 | -$3.58 | -$2.20 | -$0.93 | $1.37 | -$1.21 | $0.45 | -$1.35 | -$0.83 | — |
| Free cash flow | -138 | -208 | -96 | -14 | -30 | -16 | 57 | -87 | -39 | 94 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open XNCR in Markets.
How Xencor makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Royalty | $41.2M | 80.5% |
| Milestone | $10.0M | 19.5% |
See also: XNCR returns
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Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.