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Exagen Inc. XGN Capitalization of research and experimentation costs

Capitalization of research and experimentation costs at other companies

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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
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 exdx:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsCapitalizationOfResearchAndExperimentationCosts.

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

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Questions, answered.

What is Exagen Inc.'s capitalization of research and experimentation costs?
Exagen Inc. (XGN) reported capitalization of research and experimentation costs of $1.89M in Q4 2025.
How has Exagen Inc.'s capitalization of research and experimentation costs changed year-over-year?
Exagen Inc.'s capitalization of research and experimentation costs decreased by 35.6% year-over-year, from $2.94M to $1.89M.
What does capitalization of research and experimentation costs mean?
This metric represents the capitalized costs associated with research and experimentation activities that are deferred for tax purposes. It reflects the tax benefit expected to be realized in future periods as these capitalized expenses are amortized. Monitoring this balance helps investors understand the company's long-term tax planning and the impact of R&D investment cycles on future cash tax obligations.