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Exagen Inc.

XGN

Exagen Inc. is a medical technology company specializing in the development and commercialization of advanced diagnostic, prognostic, and monitoring tests for complex rheumatic and autoimmune diseases.

Market cap
$106.3M-43.7%
Revenue$68.4M+20.5%
Net income-$20.2M-30.0%
Free cash flow-$27.6M-96.9%
EPS (diluted)-$0.89-5.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 6 days)
Revenue estimate$17.8M
EPS estimate-$0.19

Financials

Q1 2026

Income statement

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Revenue$17.3M+11.7%
Gross profit$10.2M+11.9%
Operating income-$3.4M-1.5%
Net income-$4.0M-5.7%
EPS (diluted)-$0.17+15.0%

Balance sheet

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Cash & equivalents$21.7M+90.6%
Total debt$27.1M+15.8%
Total equity$14.4M+125%
Total assets$52.0M+28.9%

Cash flow

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Operating cash flow-$10.4M+2.4%
CapEx$228.0K+102%
Free cash flow-$10.6M+1.3%

Valuation & ratios

Valuation

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Market cap$106.3M-43.7%
Enterprise value$111.74M-28.6%
P/S1.6×-1.2×

Profitability

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Gross margin58.3%-1.0pp
Operating margin-20.6%-2.9pp
Net margin-29.5%+2.5pp

Returns & leverage

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Return on equity-193.6%+355pp
Debt / equity1.9×-1.8×
Current ratio3.5×+1.1×

Segments

By segment

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Reportable Segment$17.3M+11.7%

Competitors

Profile

Exagen Inc. is a medical technology company specializing in the development and commercialization of advanced diagnostic, prognostic, and monitoring tests for complex rheumatic and autoimmune diseases. The company's core value proposition lies in its proprietary AVISE brand, which utilizes innovative biomarkers and algorithmic interpretations to provide clinicians with greater diagnostic clarity for conditions like systemic lupus erythematosus and rheumatoid arthritis compared to traditional testing methods.

Competitive position

Exagen is a leader in rheumatology-focused diagnostics, holding a significant competitive advantage through its proprietary Cell-Bound Complement Activation Products (CB-CAPs) technology and extensive patent protection.

GeographiesUnited States
Customer segmentsSpecialist physicians, Healthcare providers, Pharmaceutical companies
Business modelDirect-to-physician sales, Specialty laboratory services, B2B
SuppliersLaboratory equipment manufacturers, Reagent and chemical suppliers, Academic research institutions
CustomersRheumatology clinics, Health insurance payors, Pharmaceutical companies for clinical trials
Listed2019
Employees179.0
CEOJohn Aballi
Websiteexagen.com
FilingsSEC EDGAR

Questions, answered.

What is Exagen Inc.'s market cap?
Exagen Inc. (XGN) has a market capitalization of $106.3M and trades on NASDAQ.
What is Exagen Inc.'s revenue and profitability?
Exagen Inc. generated $68.4M in trailing twelve-month revenue with a net loss of $20.2M, representing a net margin of -29.5%. Gross margin stands at 58.3%, with free cash flow of -$27.6M. These figures are based on the Q1 2026 filing.
Who are Exagen Inc.'s competitors?
Exagen Inc.'s key competitors include Quest Diagnostics, Labcorp, Adicet Bio, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
Who does Exagen Inc. partner with?
Exagen Inc.'s notable partners include Johns Hopkins University, Allegheny Health Network Research Institute, Werfen USA, LLC, and others.
Where is Exagen Inc. headquartered?
Exagen Inc. is headquartered in United States of America and employs approximately 179 people. It has been publicly traded since 2019.