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Exagen Inc. XGN Net Income

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Segments

By segment

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Reportable Segment-$3.93M-4.8%

Other financials

Income statement

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Revenue$17.3M+11.7%
Gross profit$10.2M+11.9%
Operating income-$3.4M-1.5%
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

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Market cap$185.81M-11.6%
Enterprise value$191.24M-6.8%
P/S2.7×-0.9×

Profitability

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Gross margin58.3%-1.0pp
Operating margin-20.6%-2.9pp
Net margin-29.5%+2.5pp
FCF margin-27.5%

Returns & leverage

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

Where this comes from

Reported directly by Exagen Inc. in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Exagen Inc.’s 10-Q, filed May 11, 2026.

Filed
May 11, 2026, 9:17 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001274737-26-000029
Line itemThree Months Ended March 31, 2026Three Months Ended March 31, 2025
Interest expense(1,267)(545)
Change in fair value of warrant liability882
Other income (expense), net(132)158
Loss before income taxes(3,931)(3,752)
Income tax expense(36)
Net loss$(3,967)$(3,752)
Net loss per share, basic and diluted$(0.17)$(0.20)
Weighted-average number of shares used to compute net loss per share, basic and diluted23,854,99718,557,390

Item 1. Financial Statements

FAQ

What is Exagen Inc.'s net income?
Exagen Inc. (XGN) reported net income of -$3.97M in Q1 2026.
How has Exagen Inc.'s net income changed year-over-year?
Exagen Inc.'s net income decreased by 5.7% year-over-year, from -$3.75M to -$3.97M.
What is the long-term trend for Exagen Inc.'s net income?
Over 4 years (2021 to 2025), Exagen Inc.'s net income has grown at a -7.2% compound annual growth rate (CAGR), from -$26.85M to -$19.95M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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