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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›XGN

XGN

EXAGEN INC.

Next earnings Jul 27, 2026 · consensus $-0.19 EPS, $18.0M rev

Last earnings +34.9% on 2026-05-11

Sell
$4.57
▼ -1.51%
$4.57▼ -34.43%
over 1Y
L $2.65EODHDH $11.96
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today-1.5%
1W+3.6%
1M-8.6%
3M+70.9%
YTD-24.2%
1Y-34.3%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Sell
Quality
D
Valuation
Fair value
Filings
Watch
Sell
Conviction
Horizon
Medium (3–12mo)
Street · 11 analysts
Buy

Revenue grew 19.7% YoY; but unprofitable (net margin -30.0%).

Revenue (FY2025) $66.6M · FY2025

EXAGEN INC. shows $66.6M in FY2025 revenue (+19.7% YoY), a -30.0% net margin, and -114.3% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$48.3M$45.6M$52.5M$55.6M$66.6M
Gross profit——$29.5M$33.1M$38.8M
Operating income-$24.1M-$46.1M-$22.8M-$13.6M-$14.1M
Net income-$26.9M-$47.4M-$23.7M-$15.1M-$20.0M
Diluted EPS-$1.68-$2.77-$1.34-$0.83-$0.93
Net margin-55.6%-104.0%-45.1%-27.2%-30.0%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$101M
EV / EBITDA—
EV / Sales1.5
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-18.2%
FCF yield-13.0%

Quality & risk

ROIC (est.)-27.5%
Free cash flow-$14.3M
Total debt$22.9M
Net cash$9.31M
Altman Z-Score-4.89 distress
Piotroski F-Score3/9

Capital returns

Buyback yield—
Dividend yield (est.)—
Shareholder yield—
Shares Δ YoY+34.4%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Some governance/structural items recently, but no outright red flags.
  1. 8-K Shareholder vote2026-06-09
  2. 8-K Earnings results2026-05-11
  3. 10-Q Quarterly report2026-05-11
  4. DEF 14A Proxy statement2026-04-27
  5. 8-K Officer / director change2026-04-23
  6. 8-K Earnings results2026-03-10
  7. 10-K Annual report2026-03-10
  8. 8-K Earnings results2026-01-12
  9. 8-K Earnings results2025-11-04

Recent filings

all on EDGAR ↗
4Period ending 2026-06-092026-06-22open ↗4Period ending 2026-06-092026-06-22open ↗4Period ending 2026-06-092026-06-22open ↗8-KPeriod ending 2026-06-092026-06-09open ↗SCHEDULE 13GFiling2026-05-27open ↗SCHEDULE 13G/AFiling2026-05-20open ↗S-8Filing2026-05-12open ↗10-QPeriod ending 2026-03-312026-05-11open ↗8-KPeriod ending 2026-05-112026-05-11open ↗ARSPeriod ending 2025-12-312026-04-27open ↗DEFA14AFiling2026-04-27open ↗DEF 14APeriod ending 2026-06-092026-04-27open ↗

Quality score

D
ValueGrowthProfitHealthMom.
ValueA-
GrowthD
ProfitabilityF
Financial healthC
Momentum—
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✗Return on equity above 15%
  • ✗Liabilities below 2× equity
Revenue
$66.6M
+19.7% YoY
Net margin
-30.0%
ROE
-114.3%
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$66.6M+19.7%
Net income-$20.0M-32.0%
Gross profit$38.8M+17.2%
Operating income-$14.1M-3.2%
Diluted EPS-$0.93-12.0%
Cash & equivalents$32.2M+46.2%
Total assets$58.0M+29.8%
Total liabilities$40.6M+15.4%
Stockholders' equity$17.4M+82.9%
Gross: 58.3%Op.: -21.1%L/E: 2.33x

Frequently asked

Is EXAGEN INC. (XGN) a buy?
XGN currently carries a Sell rating with 2/5 conviction, derived from its latest SEC filings. Revenue grew 19.7% YoY; but unprofitable (net margin -30.0%).
What is EXAGEN INC.'s quality score?
XGN scores 49.98039215686274/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001274737, latest 10-Q filed 2026-05-11) · EODHD · as of 6/26/2026, 7:28:10 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC
2026-03-12
Black Jeffrey G.
Chief Financial Officer
Award75.0K @ $3.16$237K
2026-03-12
ABALLI JOHN
President and CEO
Award150K
2026-03-03
ABALLI JOHN
President and CEO
Sell15.7K @ $3.62$56.8K
2026-03-03
ABALLI JOHN
President and CEO
Award2.54K @ $3.08$7.80K
2026-02-27
Black Jeffrey G.
Chief Financial Officer
Award1.51K @ $3.08$4.65K
2026-02-24
ABALLI JOHN
President and CEO
Sell11.4K @ $3.61$41.3K
2026-02-24
Black Jeffrey G.
Chief Financial Officer
Sell1.58K @ $3.61$5.72K

Earnings history

beat/miss · move
2026-05-11Beat +15.1% est▲ +34.92%8-K ↗
2026-03-10Miss -4.2% est▼ -3.85%8-K ↗
2026-01-12Miss -4.2% est▼ -6.15%8-K ↗
2025-11-04Miss -94.8% est▼ -8.96%8-K ↗
2025-07-29Miss -26.0% est▲ +14.34%8-K ↗
2025-05-05—▲ +3.82%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
Exagen Inc. Q1 2026 Earnings Call SummaryBullish
finance.yahoo.com· 2026-05-12
Exagen reaffirms $70M-$73M 2026 revenue guidance as it targets $600-$650 ASP over timeBullish
seekingalpha.com· 2026-05-12
Exagen Q1 Earnings Call HighlightsBullish
finance.yahoo.com· 2026-05-11
Record Revenue Growth and Higher Test Pricing Keep Exagen (XGN) in Focus Despite Ongoing LossesBullish
finance.yahoo.com· 2026-05-11
AtriCure (ATRC) Reports Break-Even Earnings for Q1Bullish
finance.yahoo.com· 2026-05-05
Zimmer Biomet (ZBH) Q1 Earnings and Revenues Top EstimatesBullish
finance.yahoo.com· 2026-04-28

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score50 vs 67
Revenue growth19.7% vs 7.1%
Net margin-30.0% vs 10.5%
Return on equity-114.3% vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 3d
Bullish
+0.18
vs typical · 5 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.