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Xenon Pharmaceuticals

XENE

Xenon Pharmaceuticals is a clinical-stage neuroscience-focused biopharmaceutical company specializing in the discovery and development of therapeutics for neurological and psychiatric disorders.

Market cap
$6.36B+169%
Net income-$383.2M-52.4%
Free cash flow-$307.3M-53.8%
EPS (diluted)-$4.70-45.5%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$1.7M
EPS estimate-$1.16

Financials

Q1 2026

Income statement

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Revenue--100%
Operating income-$112.3M-54.4%
Net income-$102.3M-57.3%
EPS (diluted)-$1.17-41.0%

Balance sheet

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Cash & equivalents$545.9M+368%
Total debt$7.5M-13.6%
Total equity$1.3B+90.0%
Total assets$1.4B+86.6%

Cash flow

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Operating cash flow-$88.9M-44.2%
CapEx$133.0K+209%
Free cash flow-$89.0M-44.3%

Valuation & ratios

Valuation

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Market cap$6.36B+169%
Enterprise value$5.82B+159%

Returns & leverage

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Return on equity-37.5%+8.7pp
Debt / equity0.0×
Current ratio27.8×+10.1×

Competitors

Profile

Xenon Pharmaceuticals is a clinical-stage neuroscience-focused biopharmaceutical company specializing in the discovery and development of therapeutics for neurological and psychiatric disorders. The company leverages its expertise in ion channel biology to advance a pipeline of potassium and sodium channel modulators targeting epilepsy, depression, and pain. Its core value proposition is centered on developing differentiated small-molecule candidates that address significant unmet needs in CNS disorders through novel mechanisms of action.

Competitive position

A leading developer of Kv7 potassium channel openers with a late-stage clinical candidate, azetukalner, positioned for multiple CNS indications.

GeographiesUnited States, Canada, Japan
Customer segmentsEpilepsy patients, Major depressive disorder patients, Bipolar depression patients, Chronic pain patients
Business modelR&D intensive, Licensing and royalties, Collaborative development
SuppliersContract Manufacturing Organizations (CMOs), Clinical research organizations, Raw material suppliers, Academic research institutions
CustomersNeurocrine Biosciences, Specialty pharmacies, Hospitals and clinics, Wholesale drug distributors
CountryCanada
Listed2014
Employees259.0
CEOIan C. Mortimer
FilingsSEC EDGAR

Questions, answered.

What is Xenon Pharmaceuticals's market cap?
Xenon Pharmaceuticals (XENE) has a market capitalization of $6.4B and trades on NASDAQ.
Who are Xenon Pharmaceuticals's competitors?
Xenon Pharmaceuticals's key competitors include Neumora Therapeutics, Inc., Biohaven Ltd., Axsome Therapeutics, Inc., and others. These companies compete in similar markets and product categories.
Who does Xenon Pharmaceuticals partner with?
Xenon Pharmaceuticals's notable partners include Neurocrine Biosciences, Inc., 1st Order Pharmaceuticals, Inc., Bausch Health Companies Inc..
What subsidiaries does Xenon Pharmaceuticals have?
Xenon Pharmaceuticals's subsidiaries include Xenon Pharmaceuticals USA Inc..
Where is Xenon Pharmaceuticals headquartered?
Xenon Pharmaceuticals is headquartered in Canada and employs approximately 259 people. It has been publicly traded since 2014.