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Other financials

Income statement

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Revenue-
Operating income-$123.2M-30.7%
Net income-$110.7M-30.7%
EPS (diluted)-$1.11-3.7%

Balance sheet

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Cash & equivalents$119.5M-11.7%
Total debt$6.4M-26.4%
Total equity$1.2B+96.0%
Total assets$1.3B+92.2%

Cash flow

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Operating cash flow-$95.4M-48.5%
CapEx$275.0K+75.2%
Free cash flow-$95.7M-48.6%

Valuation

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Market cap$6.24B+137%
Enterprise value$6.13B+145%

Profitability

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Operating margin-4,974.3%
Net margin-4,612.1%
FCF margin-3,732.2%

Returns & leverage

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Return on equity-43.6%+8.2pp
Debt / equity0.0×
Current ratio21×+5.9×

Where this comes from

Reported directly by Xenon Pharmaceuticals in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The source filing: Xenon Pharmaceuticals’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:31 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-338244
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Six Months Ended June 30, 2026Six Months Ended June 30, 2025
Collaboration revenue (note 9)$7,500
Operating expenses:
Research and development99,22474,985187,732136,185
General and administrative23,93119,24447,75138,282
Total operating expenses123,15594,229235,483174,467
Loss from operations(123,155)(94,229)(235,483)(166,967)
Other income:
Interest income12,1457,19919,05215,282

Item 1. Financial Statements

FAQ

What is Xenon Pharmaceuticals's R&D?
Xenon Pharmaceuticals (XENE) reported R&D of $99.22M in Q2 2026.
How has Xenon Pharmaceuticals's R&D changed year-over-year?
Xenon Pharmaceuticals's R&D increased by 32.3% year-over-year, from $74.99M to $99.22M.
What is the long-term trend for Xenon Pharmaceuticals's R&D?
Over 4 years (2021 to 2025), Xenon Pharmaceuticals's R&D has grown at a 41.3% compound annual growth rate (CAGR), from $75.46M to $300.94M.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

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