The financials
Xencor, Inc. by the numbers
Xencor, Inc. (XNCR) reported revenue of $4.5M in Q1 2026 (quarter ended Mar 31, 2026), down 86% from the same quarter a year earlier. That came with net loss of $129M. For the full year FY2025, revenue was $126M (+14% year on year) and net income −$92M. Its largest product in Jun 2026 was Royalty at $41M, 80% of the disclosed total, well ahead of Milestone at 20%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $4.5M | $33M | −86% |
| Operating income | −$78M | −$43M | n/a |
| Net income | −$129M | −$48M | n/a |
| Diluted EPS | −$1.71 | −$0.66 | n/a |
| Product | Revenue | Share |
|---|---|---|
| Royalty | $41M | 80% |
| Milestone | $10M | 20% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $51.2M (+1034%)
Royalty grew +122% year on yearMilestone -60% year on year
Segment Latestquarter on quarteryear on year
- Royalty$41.2M$41.2MQoQ +833%year on year +122%+833%+122%
- Milestone$10.0M$10.0MQoQ -year on year -60%--60%
- License$0.00$0.00QoQ -100%year on year --100%-