Xencor (XNCR) Financials

$7.57 -0.12 (-1.56%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$7.38 -0.19 (-2.50%)

As of 05/23/2025 05:16 PM Eastern

Annual Income Statements for Xencor

This table shows Xencor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-233	-133	-55
Consolidated Net Income / (Loss)	-237	-133	-55
Net Income / (Loss) Continuing Operations	-237	-133	-55
Total Pre-Tax Income	-235	-120	-55
Total Operating Income	-178	-132	-82
Total Gross Profit	110	175	165
Total Revenue	110	175	165
Operating Revenue	110	175	165
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	289	307	247
Selling, General & Admin Expense	61	53	47
Research & Development Expense	228	254	200
Total Other Income / (Expense), net	-57	13	28
Interest Expense	4.71	-13	-4.82
Other Income / (Expense), net	-52	-0.43	23
Income Tax Expense	1.62	14	0.67
Net Income / (Loss) Attributable to Noncontrolling Interest	-3.92	-0.16	0.00
Basic Earnings per Share	($3.58)	($2.20)	($0.93)
Weighted Average Basic Shares Outstanding	65.04M	60.50M	59.65M
Diluted Earnings per Share	($3.58)	($2.20)	($0.93)
Weighted Average Diluted Shares Outstanding	65.04M	60.50M	59.65M
Weighted Average Basic & Diluted Shares Outstanding	70.46M	61.12M	60.03M

This table shows Xencor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-46	-46	-67	-73	-26	-24	-22	-61	-3.68	-34
Consolidated Net Income / (Loss)	-46	-47	-69	-74	-26	-24	-22	-61	-12	-33
Net Income / (Loss) Continuing Operations	-46	-47	-69	-74	-26	-24	-22	-61	-12	-33
Total Pre-Tax Income	-45	-47	-69	-74	-13	-24	-22	-61	-12	-32
Total Operating Income	-13	-55	-55	-55	-27	-18	-26	-61	-43	-38
Total Gross Profit	53	18	24	16	51	59	46	19	22	27
Total Revenue	53	18	24	16	51	59	46	19	22	27
Operating Revenue	53	18	24	16	51	59	46	19	22	27
Total Operating Expenses	66	73	79	71	78	77	72	80	64	66
Selling, General & Admin Expense	15	15	18	14	15	12	11	14	13	12
Research & Development Expense	51	58	62	57	63	65	60	66	51	53
Total Other Income / (Expense), net	-31	7.76	-13	-19	15	-6.00	4.04	-0.02	30	6.68
Interest Expense	-23	9.03	9.28	9.68	-13	0.01	0.01	0.01	-2.07	-1.38
Other Income / (Expense), net	-31	9.24	-12	-18	13	-11	0.28	-2.91	28	5.30
Net Income / (Loss) Attributable to Noncontrolling Interest	-0.65	-1.15	-1.45	-0.68	-0.16	0.00	0.00	0.00	-	-
Basic Earnings per Share	($0.57)	($0.72)	($1.09)	($1.20)	($0.41)	($0.40)	($0.37)	($1.02)	($0.21)	($0.55)
Weighted Average Basic Shares Outstanding	65.04M	64.02M	61.68M	61.21M	60.50M	60.62M	59.81M	59.77M	59.65M	59.72M
Diluted Earnings per Share	($0.57)	($0.72)	($1.09)	($1.20)	($0.41)	($0.40)	($0.37)	($1.02)	($0.20)	($0.55)
Weighted Average Diluted Shares Outstanding	65.04M	64.02M	61.68M	61.21M	60.50M	60.62M	59.81M	59.77M	59.65M	59.72M
Weighted Average Basic & Diluted Shares Outstanding	70.46M	69.98M	61.83M	61.66M	61.12M	60.88M	60.61M	60.39M	60.03M	59.92M

This table details how cash moves in and out of Xencor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Change in Cash & Equivalents	-13	0.23	-90
Net Cash From Operating Activities	-202	-78	24
Net Cash From Continuing Operating Activities	-202	-78	24
Net Income / (Loss) Continuing Operations	-237	-133	-55
Consolidated Net Income / (Loss)	-237	-133	-55
Depreciation Expense	12	11	8.80
Amortization Expense	-16	-14	0.13
Non-Cash Adjustments To Reconcile Net Income	44	60	82
Changes in Operating Assets and Liabilities, net	-5.83	-2.92	-11
Net Cash From Investing Activities	-7.87	-111	-120
Net Cash From Continuing Investing Activities	-7.87	-111	-120
Purchase of Property, Plant & Equipment	-6.10	-18	-38
Acquisitions	-3.42	-2.80	-4.91
Purchase of Investments	-595	-783	-388
Sale of Property, Plant & Equipment	0.00	0.00	0.00
Sale and/or Maturity of Investments	597	693	307
Other Investing Activities, net	0.00	0.00	5.00
Net Cash From Financing Activities	197	189	5.70
Net Cash From Continuing Financing Activities	197	189	5.70
Repurchase of Common Equity	-12	0.00	0.00
Issuance of Common Equity	209	5.89	5.70
Other Financing Activities, net	0.00	183	0.00
Cash Interest Paid	0.03	0.02	0.01
Cash Income Taxes Paid	6.10	0.00	0.70

This table details how cash moves in and out of Xencor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	12	-1.74	-0.26	-23	1.06	18	-38	18	1.29	3.24
Net Cash From Operating Activities	-50	-32	-69	-57	18	-27	-38	-31	-24	-1.17
Net Cash From Continuing Operating Activities	-50	-32	-69	-57	18	-27	-38	-31	-24	-1.17
Net Income / (Loss) Continuing Operations	-46	-54	-74	-74	-26	-24	-22	-61	-12	-33
Consolidated Net Income / (Loss)	-46	-54	-74	-74	-26	-24	-22	-61	-12	-33
Depreciation Expense	2.99	3.05	3.02	3.04	3.23	3.14	2.89	2.25	2.16	2.24
Amortization Expense	-2.54	-3.47	-4.44	-5.60	-5.42	-3.87	-2.68	-1.66	-0.78	-0.06
Non-Cash Adjustments To Reconcile Net Income	3.93	-9.19	4.50	26	41	-11	3.81	27	-3.02	30
Changes in Operating Assets and Liabilities, net	-8.03	32	2.15	-6.42	5.96	8.72	-20	2.65	-11	-1.07
Net Cash From Investing Activities	57	-163	66	32	-203	45	-1.41	48	25	3.13
Net Cash From Continuing Investing Activities	57	-163	66	32	-203	45	-1.41	48	25	3.13
Purchase of Property, Plant & Equipment	-1.66	-1.28	-3.03	-0.13	-0.98	-2.83	-3.85	-11	-9.97	-14
Acquisitions	-1.02	-0.85	-0.62	-0.93	-0.73	-0.59	-1.08	-0.41	-0.93	-0.78
Purchase of Investments	-54	-282	-123	-137	-338	-168	-181	-95	-71	-111
Sale and/or Maturity of Investments	114	120	192	170	137	217	185	155	101	129
Net Cash From Financing Activities	4.43	193	2.67	1.79	186	0.36	1.92	0.92	1.17	1.29
Net Cash From Continuing Financing Activities	4.43	193	2.67	1.79	186	0.36	1.92	0.92	1.17	1.29
Issuance of Common Equity	4.43	202	1.07	1.79	2.69	0.36	1.92	0.92	1.17	1.29
Cash Interest Paid	0.00	0.01	0.01	0.01	0.00	0.01	0.01	0.01	-	0.00

This table presents Xencor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Total Assets	952	965	846
Total Current Assets	578	636	675
Cash & Equivalents	41	54	54
Short-Term Investments	457	540	569
Accounts Receivable	61	24	29
Prepaid Expenses	19	18	23
Plant, Property, & Equipment, net	60	66	59
Total Noncurrent Assets	315	263	112
Long-Term Investments	257	210	3.83
Intangible Assets	18	19	19
Other Noncurrent Operating Assets	39	35	89
Total Liabilities & Shareholders' Equity	952	965	846
Total Liabilities	278	303	119
Total Current Liabilities	87	74	64
Short-Term Debt	48	28	0.00
Accounts Payable	17	14	10
Accrued Expenses	19	24	19
Current Deferred & Payable Income Tax Liabilities	0.00	5.29	0.00
Other Current Liabilities	3.01	3.44	4.71
Total Noncurrent Liabilities	190	229	55
Long-Term Debt	115	162	0.00
Other Noncurrent Operating Liabilities	75	67	55
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	674	662	727
Total Preferred & Common Equity	678	662	727
Preferred Stock	0.00	0.00	0.00
Total Common Equity	678	662	727
Common Stock	1,382	1,132	1,073
Retained Earnings	-704	-471	-338
Accumulated Other Comprehensive Income / (Loss)	-0.66	1.29	-6.95
Noncontrolling Interest	-3.59	0.34	0.00

This table presents Xencor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,000	841	897	778	778	803	835
Total Current Assets	590	569	575	571	594	630	668
Cash & Equivalents	29	31	31	53	35	72	53
Short-Term Investments	514	478	505	442	517	516	548
Accounts Receivable	26	36	22	55	20	20	45
Prepaid Expenses	21	25	17	22	22	22	23
Plant, Property, & Equipment, net	62	64	64	68	68	67	51
Total Noncurrent Assets	348	208	258	139	117	107	116
Long-Term Investments	290	149	199	85	64	54	42
Intangible Assets	18	19	19	19	19	18	18
Other Noncurrent Operating Assets	40	40	41	36	34	34	51
Total Liabilities & Shareholders' Equity	1,000	841	897	778	778	803	835
Total Liabilities	294	292	297	109	99	120	113
Total Current Liabilities	91	76	71	53	45	65	90
Short-Term Debt	44	39	34	-	-	-	-
Accounts Payable	19	16	16	15	14	15	15
Accrued Expenses	25	20	13	24	18	15	19
Current Deferred Revenue	0.00	-	-	9.22	7.87	30	35
Current Deferred & Payable Income Tax Liabilities	0.00	0.00	5.29	-	-	-	0.39
Other Current Liabilities	2.18	1.26	2.08	4.38	4.23	4.47	21
Total Noncurrent Liabilities	203	216	226	56	55	55	23
Long-Term Debt	128	141	151	-	-	-	-
Other Noncurrent Operating Liabilities	75	75	75	56	55	-	23
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	706	549	600	669	679	684	723
Total Preferred & Common Equity	709	550	600	669	679	684	723
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	709	550	600	669	679	684	723
Common Stock	1,366	1,163	1,145	1,115	1,102	1,086	1,059
Retained Earnings	-658	-612	-545	-445	-421	-399	-326
Accumulated Other Comprehensive Income / (Loss)	1.80	-0.65	-0.15	-0.71	-1.86	-3.63	-9.88
Noncontrolling Interest	-2.94	-1.78	-0.34	-	-	-	-

This table displays calculated financial ratios and metrics derived from Xencor's official financial filings.

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	-36.72%	6.10%	-40.18%
EBITDA Growth	-73.54%	-167.71%	-154.52%
EBIT Growth	-73.37%	-123.83%	-172.54%
NOPAT Growth	-34.79%	-60.49%	-231.91%
Net Income Growth	-77.45%	-141.56%	-166.78%
EPS Growth	-62.73%	-136.56%	-167.88%
Operating Cash Flow Growth	-159.46%	-418.26%	245.29%
Free Cash Flow Firm Growth	-297.79%	32.38%	31.52%
Invested Capital Growth	72.52%	-52.17%	1.69%
Revenue Q/Q Growth	19.78%	20.21%	-44.58%
EBITDA Q/Q Growth	-4.88%	-2.41%	-232.10%
EBIT Q/Q Growth	-6.25%	0.30%	-312.11%
NOPAT Q/Q Growth	14.64%	10.33%	-211.51%
Net Income Q/Q Growth	-16.62%	-11.99%	-284.42%
EPS Q/Q Growth	-12.23%	-10.55%	-286.00%
Operating Cash Flow Q/Q Growth	-800.70%	35.35%	-77.88%
Free Cash Flow Firm Q/Q Growth	-56.78%	64.27%	-338.16%
Invested Capital Q/Q Growth	82.59%	-46.44%	24.60%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	-211.91%	-77.27%	-30.62%
Operating Margin	-161.47%	-75.80%	-50.11%
EBIT Margin	-208.35%	-76.05%	-36.05%
Profit (Net Income) Margin	-214.08%	-76.34%	-33.53%
Tax Burden Percent	100.69%	111.42%	101.23%
Interest Burden Percent	102.05%	90.09%	91.88%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-190.45%	-124.59%	-57.86%
ROIC Less NNEP Spread (ROIC-NNEP)	-171.92%	-118.04%	-58.27%
Return on Net Nonoperating Assets (RNNOA)	155.04%	105.41%	50.31%
Return on Equity (ROE)	-35.41%	-19.19%	-7.55%
Cash Return on Invested Capital (CROIC)	-243.68%	-54.01%	-59.54%
Operating Return on Assets (OROA)	-24.02%	-14.66%	-8.57%
Return on Assets (ROA)	-24.68%	-14.72%	-7.97%
Return on Common Equity (ROCE)	-35.49%	-19.18%	-7.55%
Return on Equity Simple (ROE_SIMPLE)	-34.91%	-20.14%	-7.59%
Net Operating Profit after Tax (NOPAT)	-125	-93	-58
NOPAT Margin	-113.03%	-53.06%	-35.08%
Net Nonoperating Expense Percent (NNEP)	-18.53%	-6.55%	0.40%
Return On Investment Capital (ROIC_SIMPLE)	-14.91%	-10.88%	-7.94%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	55.40%	30.57%	28.85%
R&D to Revenue	206.06%	145.23%	121.26%
Operating Expenses to Revenue	261.47%	175.80%	150.11%
Earnings before Interest and Taxes (EBIT)	-230	-133	-59
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-234	-135	-50
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.37	1.95	2.14
Price to Tangible Book Value (P/TBV)	2.44	2.01	2.20
Price to Revenue (P/Rev)	14.55	7.40	9.48
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	12.21	14.10	9.28
Enterprise Value to Revenue (EV/Rev)	9.17	3.89	5.67
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	38.13
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.24	0.29	0.00
Long-Term Debt to Equity	0.17	0.24	0.00
Financial Leverage	-0.90	-0.89	-0.86
Leverage Ratio	1.43	1.30	0.95
Compound Leverage Factor	1.46	1.17	0.87
Debt to Total Capital	19.53%	22.25%	0.00%
Short-Term Debt to Total Capital	5.78%	3.25%	0.00%
Long-Term Debt to Total Capital	13.75%	19.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.43%	0.04%	0.00%
Common Equity to Total Capital	80.90%	77.71%	100.00%
Debt to EBITDA	-0.70	-1.40	0.00
Net Debt to EBITDA	2.52	4.55	0.00
Long-Term Debt to EBITDA	-0.49	-1.20	0.00
Debt to NOPAT	-1.31	-2.05	0.00
Net Debt to NOPAT	4.73	6.63	0.00
Long-Term Debt to NOPAT	-0.92	-1.75	0.00
Altman Z-Score	2.37	2.30	8.15
Noncontrolling Interest Sharing Ratio	-0.24%	0.02%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	6.61	8.60	10.58
Quick Ratio	6.39	8.35	10.21
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-160	-40	-59
Operating Cash Flow to CapEx	-3,316.19%	-422.43%	63.61%
Free Cash Flow to Firm to Interest Expense	-33.90	0.00	0.00
Operating Cash Flow to Interest Expense	-42.90	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	-44.19	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.12	0.19	0.24
Accounts Receivable Turnover	2.61	6.62	3.45
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	1.75	2.79	3.77
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	139.71	55.12	105.77
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	139.71	55.12	105.77
Capital & Investment Metrics	-	-	-
Invested Capital	83	48	101
Invested Capital Turnover	1.69	2.35	1.65
Increase / (Decrease) in Invested Capital	35	-52	1.68
Enterprise Value (EV)	1,014	679	934
Market Capitalization	1,608	1,292	1,560
Book Value per Share	$9.68	$10.87	$12.14
Tangible Book Value per Share	$9.42	$10.56	$11.83
Total Capital	838	852	727
Total Debt	164	189	0.00
Total Long-Term Debt	115	162	0.00
Net Debt	-591	-614	-627
Capital Expenditures (CapEx)	6.10	18	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	-4.33	-12
Debt-free Net Working Capital (DFNWC)	539	589	611
Net Working Capital (NWC)	490	562	611
Net Nonoperating Expense (NNE)	112	41	-2.55
Net Nonoperating Obligations (NNO)	-591	-614	-627
Total Depreciation and Amortization (D&A)	-3.94	-2.14	8.93
Debt-free, Cash-free Net Working Capital to Revenue	36.96%	-2.48%	-7.03%
Debt-free Net Working Capital to Revenue	487.47%	337.54%	371.55%
Net Working Capital to Revenue	443.62%	321.67%	371.55%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($3.58)	$0.00	($0.93)
Adjusted Weighted Average Basic Shares Outstanding	65.04M	0.00	59.65M
Adjusted Diluted Earnings per Share	($3.58)	$0.00	($0.93)
Adjusted Weighted Average Diluted Shares Outstanding	65.04M	0.00	59.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.46M	0.00	60.03M
Normalized Net Operating Profit after Tax (NOPAT)	-125	-93	-58
Normalized NOPAT Margin	-113.03%	-53.06%	-35.08%
Pre Tax Income Margin	-212.61%	-68.51%	-33.12%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	-48.85	0.00	0.00
NOPAT to Interest Expense	-26.50	0.00	0.00
EBIT Less CapEx to Interest Expense	-50.14	0.00	0.00
NOPAT Less CapEx to Interest Expense	-27.79	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.11%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Xencor's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.58%	-69.92%	-47.48%	-15.64%	135.84%	116.73%	50.86%	-77.82%	-85.97%	38.69%
EBITDA Growth	-167.27%	-54.50%	-168.81%	-19.79%	-24.18%	2.79%	20.37%	-345.78%	-117.44%	17.62%
EBIT Growth	-212.02%	-56.92%	-161.22%	-14.66%	2.71%	11.39%	25.87%	-377.47%	-119.96%	18.17%
NOPAT Growth	51.82%	-202.12%	-112.99%	10.01%	35.78%	52.36%	7.15%	-260.66%	-132.53%	7.15%
Net Income Growth	-75.60%	-95.48%	-213.30%	-21.98%	-118.50%	25.92%	35.38%	-357.54%	-116.48%	18.49%
EPS Growth	-39.02%	-80.00%	-194.59%	-17.65%	-105.00%	27.27%	35.09%	-361.54%	-116.26%	20.29%
Operating Cash Flow Growth	-374.30%	-16.40%	-80.50%	-85.73%	174.37%	-2,235.70%	-186.29%	-626.47%	-139.54%	97.01%
Free Cash Flow Firm Growth	-232.35%	126.22%	-650.38%	269.65%	205.87%	59.20%	112.84%	95.36%	18.99%	44.83%
Invested Capital Growth	72.52%	-49.39%	12.83%	-47.59%	-52.17%	11.28%	-29.68%	-28.39%	1.69%	49.76%
Revenue Q/Q Growth	196.66%	4.93%	86.70%	-64.20%	-13.86%	29.97%	140.07%	-12.25%	-20.84%	-9.53%
EBITDA Q/Q Growth	5.89%	38.62%	12.89%	-234.27%	45.60%	-17.61%	59.54%	-379.74%	57.41%	3.66%
EBIT Q/Q Growth	4.06%	38.01%	11.81%	-257.66%	51.75%	-13.87%	59.60%	-338.27%	56.05%	4.73%
NOPAT Q/Q Growth	76.13%	11.43%	4.30%	-62.54%	-49.70%	29.72%	57.20%	-42.62%	-11.06%	-36.96%
Net Income Q/Q Growth	2.62%	29.62%	-0.11%	-284.74%	-8.41%	-10.54%	63.87%	-404.63%	63.24%	3.58%
EPS Q/Q Growth	20.83%	32.71%	1.80%	-313.79%	-2.50%	-8.11%	63.73%	-410.00%	63.64%	3.51%
Operating Cash Flow Q/Q Growth	-56.94%	51.40%	-24.78%	-131.38%	166.60%	28.58%	-24.78%	-25.31%	-1,991.70%	-102.64%
Free Cash Flow Firm Q/Q Growth	-868.73%	-93.95%	-129.78%	-96.07%	252.27%	-357.04%	293.12%	85.99%	41.33%	19.10%
Invested Capital Q/Q Growth	82.59%	160.42%	170.13%	144.45%	-46.44%	41.95%	-34.15%	-4.46%	24.60%	-10.30%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-82.65%	-260.54%	-286.92%	-472.30%	-32.03%	-50.73%	-56.05%	-332.62%	-60.84%	-113.08%
Operating Margin	-24.96%	-310.17%	-231.61%	-341.71%	-53.67%	-30.88%	-57.11%	-320.35%	-197.09%	-140.47%
EBIT Margin	-83.51%	-258.22%	-281.01%	-456.26%	-27.72%	-49.50%	-56.49%	-335.70%	-67.21%	-121.07%
Profit (Net Income) Margin	-87.51%	-266.59%	-287.71%	-463.31%	-51.62%	-41.02%	-48.23%	-320.45%	-55.72%	-120.00%
Tax Burden Percent	103.63%	100.00%	100.00%	100.00%	208.02%	100.00%	100.00%	100.00%	96.67%	103.44%
Interest Burden Percent	101.12%	103.24%	102.38%	101.55%	89.51%	82.87%	85.36%	95.46%	85.76%	95.83%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-29.44%	-296.03%	-338.34%	-540.02%	-88.21%	-36.81%	-59.14%	-190.89%	-227.58%	-433.74%
ROIC Less NNEP Spread (ROIC-NNEP)	-23.31%	-294.61%	-332.84%	-533.72%	-87.05%	-34.93%	-58.54%	-187.89%	-230.40%	-432.76%
Return on Net Nonoperating Assets (RNNOA)	21.02%	265.61%	296.32%	472.79%	77.73%	30.65%	52.23%	157.97%	198.93%	389.32%
Return on Equity (ROE)	-8.42%	-30.42%	-42.02%	-67.23%	-10.47%	-6.16%	-6.91%	-32.92%	-28.65%	-44.42%
Cash Return on Invested Capital (CROIC)	-243.68%	-150.64%	-183.67%	-64.22%	-54.01%	-131.81%	-118.27%	-70.04%	-59.54%	37.05%
Operating Return on Assets (OROA)	-9.63%	-26.79%	-48.80%	-88.75%	-5.35%	-8.91%	-7.86%	-39.62%	-15.98%	-46.92%
Return on Assets (ROA)	-10.09%	-27.66%	-49.97%	-90.13%	-9.95%	-7.38%	-6.71%	-37.82%	-13.25%	-46.51%
Return on Common Equity (ROCE)	-8.45%	-30.48%	-42.08%	-67.25%	-10.47%	-6.16%	-6.91%	-32.92%	-28.65%	-44.42%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-28.61%	-32.88%	-23.26%	0.00%	-17.79%	-18.78%	-20.41%	0.00%	4.14%
Net Operating Profit after Tax (NOPAT)	-9.22	-39	-39	-38	-19	-13	-18	-43	-30	-27
NOPAT Margin	-17.47%	-217.12%	-162.12%	-239.20%	-37.57%	-21.62%	-39.98%	-224.24%	-137.96%	-98.33%
Net Nonoperating Expense Percent (NNEP)	-6.14%	-1.42%	-5.49%	-6.31%	-1.15%	-1.88%	-0.59%	-3.00%	2.82%	-0.98%
Return On Investment Capital (ROIC_SIMPLE)	-1.10%	-4.40%	-5.32%	-4.88%	-2.25%	-1.91%	-2.68%	-5.76%	-4.10%	-
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	28.25%	82.98%	74.23%	86.18%	29.97%	21.12%	25.17%	74.64%	59.01%	45.33%
R&D to Revenue	96.71%	327.19%	257.38%	355.52%	123.70%	109.76%	131.93%	345.70%	238.08%	195.15%
Operating Expenses to Revenue	124.96%	410.17%	331.61%	441.71%	153.67%	130.88%	157.11%	420.35%	297.09%	240.47%
Earnings before Interest and Taxes (EBIT)	-44	-46	-67	-73	-14	-29	-26	-64	-15	-33
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-44	-46	-69	-76	-16	-30	-26	-63	-13	-31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.37	1.75	2.12	2.25	1.95	1.83	2.22	2.45	2.14	2.15
Price to Tangible Book Value (P/TBV)	2.44	1.80	2.20	2.33	2.01	1.88	2.28	2.52	2.20	2.20
Price to Revenue (P/Rev)	14.55	13.48	8.30	8.18	7.40	8.41	13.30	17.08	9.48	5.22
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	71.46
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.40%
Enterprise Value to Invested Capital (EV/IC)	12.21	12.76	9.64	15.94	14.10	7.15	14.10	11.31	9.28	11.26
Enterprise Value to Revenue (EV/Rev)	9.17	6.29	4.90	4.86	3.89	4.42	7.87	11.08	5.67	3.06
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	23.83
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	32.50
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	17.56
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	20.10	23.16	13.64	0.00	0.00	0.00	0.00	38.13	8.21
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	36.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.24	0.24	0.33	0.31	0.29	0.00	0.00	0.08	0.00	0.00
Long-Term Debt to Equity	0.17	0.18	0.26	0.25	0.24	0.00	0.00	0.08	0.00	0.00
Financial Leverage	-0.90	-0.90	-0.89	-0.89	-0.89	-0.88	-0.89	-0.84	-0.86	-0.90
Leverage Ratio	1.43	1.29	1.32	1.32	1.30	1.16	1.15	1.15	0.95	1.14
Compound Leverage Factor	1.45	1.34	1.35	1.35	1.17	0.96	0.98	1.10	0.81	1.09
Debt to Total Capital	19.53%	19.66%	24.68%	23.58%	22.25%	0.00%	0.00%	7.42%	0.00%	0.00%
Short-Term Debt to Total Capital	5.78%	5.06%	5.34%	4.36%	3.25%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	13.75%	14.61%	19.33%	19.23%	19.00%	0.00%	0.00%	7.42%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	-0.43%	-0.33%	-0.24%	-0.04%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	80.90%	80.67%	75.57%	76.46%	77.71%	100.00%	100.00%	92.58%	100.00%	100.00%
Debt to EBITDA	-0.70	-0.77	-0.90	-1.20	-1.40	0.00	0.00	-0.39	0.00	0.00
Net Debt to EBITDA	2.52	2.96	2.39	3.57	4.55	0.00	0.00	4.22	0.00	0.00
Long-Term Debt to EBITDA	-0.49	-0.57	-0.70	-0.98	-1.20	0.00	0.00	-0.39	0.00	0.00
Debt to NOPAT	-1.31	-1.18	-1.56	-1.99	-2.05	0.00	0.00	-0.46	0.00	0.00
Net Debt to NOPAT	4.73	4.51	4.13	5.92	6.63	0.00	0.00	4.95	0.00	0.00
Long-Term Debt to NOPAT	-0.92	-0.88	-1.22	-1.63	-1.75	0.00	0.00	-0.46	0.00	0.00
Altman Z-Score	3.02	2.16	1.99	2.47	2.71	6.76	9.24	8.39	8.33	8.78
Noncontrolling Interest Sharing Ratio	-0.24%	-0.21%	-0.15%	-0.03%	0.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	6.61	6.49	7.53	8.09	8.60	10.77	13.30	9.68	10.58	7.42
Quick Ratio	6.39	6.26	7.20	7.85	8.35	10.36	12.80	9.34	10.21	7.17
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-44	5.74	-47	7.48	33	-22	8.52	-4.41	-31	-54
Operating Cash Flow to CapEx	-2,995.01%	-2,490.67%	-2,278.62%	-43,075.00%	1,853.98%	-963.31%	-991.44%	-283.91%	-245.14%	-8.29%
Free Cash Flow to Firm to Interest Expense	0.00	0.64	-5.05	0.77	0.00	-3,127.86	1,216.87	-630.11	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	-3.52	-7.43	-5.88	0.00	-3,897.29	-5,457.14	-4,373.43	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	-3.66	-7.75	-5.89	0.00	-4,301.86	-6,007.57	-5,913.86	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.10	0.17	0.19	0.19	0.18	0.14	0.12	0.24	0.39
Accounts Receivable Turnover	2.61	2.28	5.03	7.87	6.62	2.91	3.05	1.81	3.45	9.08
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	1.75	1.41	2.13	2.54	2.79	2.44	2.12	2.06	3.77	7.90
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	139.71	159.99	72.63	46.40	55.12	125.48	119.59	201.15	105.77	40.20
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	139.71	159.99	72.63	46.40	55.12	125.48	119.59	201.15	105.77	40.20
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	83	45	71	50	48	90	63	96	101	81
Invested Capital Turnover	1.69	1.36	2.09	2.26	2.35	1.70	1.48	0.85	1.65	4.41
Increase / (Decrease) in Invested Capital	35	-44	8.12	-46	-52	9.11	-27	-38	1.68	27
Enterprise Value (EV)	1,014	580	688	803	679	642	892	1,087	934	909
Market Capitalization	1,608	1,243	1,167	1,353	1,292	1,221	1,508	1,674	1,560	1,551
Book Value per Share	$9.68	$11.46	$8.93	$9.82	$10.87	$11.04	$11.24	$11.39	$12.14	$12.11
Tangible Book Value per Share	$9.42	$11.17	$8.62	$9.51	$10.56	$10.73	$10.93	$11.08	$11.83	$11.80
Total Capital	838	879	728	785	852	669	679	738	727	723
Total Debt	164	173	180	185	189	0.00	0.00	55	0.00	0.00
Total Long-Term Debt	115	128	141	151	162	0.00	0.00	55	0.00	0.00
Net Debt	-591	-660	-477	-549	-614	-579	-616	-587	-627	-642
Capital Expenditures (CapEx)	1.66	1.28	3.03	0.13	0.98	2.83	3.85	11	9.97	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	41	0.26	24	2.04	-4.33	24	-2.44	-23	-12	-22
Debt-free Net Working Capital (DFNWC)	539	543	532	538	589	518	549	565	611	578
Net Working Capital (NWC)	490	499	493	504	562	518	549	565	611	578
Net Nonoperating Expense (NNE)	37	8.80	30	36	7.16	11	3.76	18	-18	5.92
Net Nonoperating Obligations (NNO)	-591	-660	-477	-549	-614	-579	-616	-587	-627	-642
Total Depreciation and Amortization (D&A)	0.45	-0.41	-1.41	-2.57	-2.20	-0.73	0.20	0.58	1.38	2.18
Debt-free, Cash-free Net Working Capital to Revenue	36.96%	0.28%	16.97%	1.23%	-2.48%	16.25%	-2.15%	-23.56%	-7.03%	-7.50%
Debt-free Net Working Capital to Revenue	487.47%	588.88%	378.66%	325.31%	337.54%	356.70%	484.09%	576.18%	371.55%	194.61%
Net Working Capital to Revenue	443.62%	540.69%	350.97%	304.63%	321.67%	356.70%	484.09%	576.18%	371.55%	194.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.57)	($0.72)	($1.09)	($1.20)	($0.41)	($0.40)	($0.37)	($1.02)	($0.21)	($0.55)
Adjusted Weighted Average Basic Shares Outstanding	65.04M	64.02M	61.68M	61.21M	60.50M	60.62M	59.81M	59.77M	59.65M	59.72M
Adjusted Diluted Earnings per Share	($0.57)	($0.72)	($1.09)	($1.20)	($0.41)	($0.40)	($0.37)	($1.02)	($0.20)	($0.55)
Adjusted Weighted Average Diluted Shares Outstanding	65.04M	64.02M	61.68M	61.21M	60.50M	60.62M	59.81M	59.77M	59.65M	59.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.46M	69.98M	61.83M	61.66M	61.12M	60.88M	60.61M	60.39M	60.03M	59.92M
Normalized Net Operating Profit after Tax (NOPAT)	-9.22	-39	-39	-38	-19	-13	-18	-43	-30	-27
Normalized NOPAT Margin	-17.47%	-217.12%	-162.12%	-239.20%	-37.57%	-21.62%	-39.98%	-224.24%	-137.96%	-98.33%
Pre Tax Income Margin	-84.45%	-266.59%	-287.71%	-463.31%	-24.82%	-41.02%	-48.23%	-320.45%	-57.64%	-116.02%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-5.09	-7.24	-7.54	0.00	-4,183.57	-3,674.00	-9,093.57	0.00	0.00
NOPAT to Interest Expense	0.00	-4.28	-4.18	-3.95	0.00	-1,827.00	-2,599.70	-6,074.40	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-5.23	-7.56	-7.56	0.00	-4,588.14	-4,224.43	-10,634.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-4.42	-4.50	-3.97	0.00	-2,231.57	-3,150.13	-7,614.83	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-5.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Xencor's Financials

When does Xencor's fiscal year end?

According to the most recent income statement we have on file, Xencor's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Xencor's net income changed over the last 2 years?

Xencor's net income appears to be on an upward trend, with a most recent value of -$236.54 million in 2024, rising from -$55.18 million in 2022. The previous period was -$133.30 million in 2023. Find out what analysts predict for Xencor in the coming months.

What is Xencor's operating income?

Xencor's total operating income in 2024 was -$178.41 million, based on the following breakdown:

Total Gross Profit: $110.49 million
Total Operating Expenses: $288.90 million

How has Xencor revenue changed over the last 2 years?

Over the last 2 years, Xencor's total revenue changed from $164.58 million in 2022 to $110.49 million in 2024, a change of -32.9%.

How much debt does Xencor have?

Xencor's total liabilities were at $277.92 million at the end of 2024, a 8.3% decrease from 2023, and a 134.0% increase since 2022.

How much cash does Xencor have?

In the past 2 years, Xencor's cash and equivalents has ranged from $40.88 million in 2024 to $53.94 million in 2022, and is currently $40.88 million as of their latest financial filing in 2024.

How has Xencor's book value per share changed over the last 2 years?

Over the last 2 years, Xencor's book value per share changed from 12.14 in 2022 to 9.68 in 2024, a change of -20.2%.

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This page (NASDAQ:XNCR) was last updated on 5/25/2025 by MarketBeat.com Staff

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Xencor (XNCR) Financials

Frequently Asked Questions About Xencor's Financials

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Xencor (XNCR) Financials

Annual Income Statements for Xencor

Quarterly Income Statements for Xencor

Annual Cash Flow Statements for Xencor

Quarterly Cash Flow Statements for Xencor

Annual Balance Sheets for Xencor

Quarterly Balance Sheets for Xencor

Annual Metrics And Ratios for Xencor

Quarterly Metrics And Ratios for Xencor

Frequently Asked Questions About Xencor's Financials

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