What is Exagen Inc.'s non-cash lease expense?

Exagen Inc. (XGN) reported non-cash lease expense of $256K in Q1 2026.

What does non-cash lease expense mean?

This represents the non-cash portion of operating lease expenses recognized under accounting standards for right-of-use assets. It reflects the systematic allocation of lease costs over the term of the agreement without impacting immediate cash flow. Analyzing this helps investors distinguish between actual cash outflows for facilities and the accounting recognition of lease obligations.

Exagen Inc. XGN Non-Cash Lease Expense

Non-Cash Lease Expense at other companies

Cross Country HealthcareCCRN

$251K+0.4%

Drilling Tools InternationalDTI

$1.22M-11.8%

CytomX TherapeuticsCTMX

-$1.13M-4.7%

Inseego Corp.INSG

$216K-17.9%

FOS

Fossil GroupFOSL

$13.87M-7.4%

Xponential FitnessXPOF

$939K-17.4%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow-$10.4M+2.4%

CapEx$228.0K+102%

Free cash flow-$10.6M+1.3%

Valuation

See full

Market cap$112.34M-26.5%

Enterprise value$117.78M-20.3%

P/S1.6×-1.0×

Profitability

See full

Gross margin58.3%-1.0pp

Operating margin-20.6%-2.9pp

Net margin-29.5%+2.5pp

FCF margin-27.5%—

Returns & leverage

See full

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 exdx:NonCashOperatingLeaseExpense.

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

Ask your AI about Exagen Inc.'s non-cash lease expense.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI

Claude

Questions, answered.

What is Exagen Inc.'s non-cash lease expense?: Exagen Inc. (XGN) reported non-cash lease expense of $256K in Q1 2026.
What does non-cash lease expense mean?: This represents the non-cash portion of operating lease expenses recognized under accounting standards for right-of-use assets. It reflects the systematic allocation of lease costs over the term of the agreement without impacting immediate cash flow. Analyzing this helps investors distinguish between actual cash outflows for facilities and the accounting recognition of lease obligations.