What is Exagen Inc.'s net margin?

Exagen Inc. (XGN) reported net margin of -29.5% in Q1 2026.

How has Exagen Inc.'s net margin changed year-over-year?

Exagen Inc.'s net margin decreased by 7.9% year-over-year, from -27.3% to -29.5%.

What is the long-term trend for Exagen Inc.'s net margin?

Over 5 years (2020 to 2025), Exagen Inc.'s net margin has grown at a -5.5% compound annual growth rate (CAGR), from -39.8% to -30%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Exagen Inc. XGN Net margin

Net margin at other companies

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6.7%+1.1pp

Quest DiagnosticsDGX

9.1%+0.2pp

Avalo TherapeuticsAVTX

-7,965.8%-10,750pp

CareDxCDNA

-2%-19.9pp

Bio-Rad LaboratoriesBIO

6.5%+3.4pp

RevvityRVTY

8.3%-2.1pp

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%

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

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Market cap$112.34M-26.5%

Enterprise value$117.78M-20.3%

P/S1.6×-1.0×

Profitability

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Gross margin58.3%-1.0pp

Operating margin-20.6%-2.9pp

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

Calculated from Exagen Inc.’s reported figures.

net income/total revenue=-29.5%

Based on trailing twelve months.

The official record: Exagen Inc.’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Exagen Inc.'s net margin?: Exagen Inc. (XGN) reported net margin of -29.5% in Q1 2026.
How has Exagen Inc.'s net margin changed year-over-year?: Exagen Inc.'s net margin decreased by 7.9% year-over-year, from -27.3% to -29.5%.
What is the long-term trend for Exagen Inc.'s net margin?: Over 5 years (2020 to 2025), Exagen Inc.'s net margin has grown at a -5.5% compound annual growth rate (CAGR), from -39.8% to -30%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.