What is Exagen Inc.'s quick ratio?

Exagen Inc. (XGN) reported quick ratio of 3.5× in Q1 2026.

How has Exagen Inc.'s quick ratio changed year-over-year?

Exagen Inc.'s quick ratio increased by 49.4% year-over-year, from 2.3× to 3.5×.

What is the long-term trend for Exagen Inc.'s quick ratio?

Over 5 years (2020 to 2025), Exagen Inc.'s quick ratio has grown at a -15.6% compound annual growth rate (CAGR), from 8× to 3.5×.

What does quick ratio mean?

Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.

Exagen Inc. XGN Quick ratio

Quick ratio at other companies

Labcorp HoldingsLH

1.5×-0.1×

Quest DiagnosticsDGX

1.1×-0.2×

Vor BiopharmaVOR

31.1×+27.3×

Avalo TherapeuticsAVTX

7.7×-14.9×

CareDxCDNA

3.1×-0.8×

Bio-Rad LaboratoriesBIO

2.4×-2.1×

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

Calculated from Exagen Inc.’s reported figures.

quick assets/total current liabilities=3.5×

Based on the most recent quarter.

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 quick ratio?: Exagen Inc. (XGN) reported quick ratio of 3.5× in Q1 2026.
How has Exagen Inc.'s quick ratio changed year-over-year?: Exagen Inc.'s quick ratio increased by 49.4% year-over-year, from 2.3× to 3.5×.
What is the long-term trend for Exagen Inc.'s quick ratio?: Over 5 years (2020 to 2025), Exagen Inc.'s quick ratio has grown at a -15.6% compound annual growth rate (CAGR), from 8× to 3.5×.
What does quick ratio mean?: Current assets excluding inventory, divided by current liabilities at the quarter end (the 'acid-test'). A stricter liquidity measure that excludes the least-liquid current asset.