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Xencor

XNCR

Xencor is a clinical-stage biopharmaceutical company that utilizes proprietary protein engineering capabilities to develop engineered antibody therapeutics.

Market cap
$1.47B+137%
Revenue$97.4M-23.5%
Net income-$172.4M+16.9%
Free cash flow-$188.8M-11.8%
EPS (diluted)-$2.29+24.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 1 week)
Revenue estimate$18.9M
EPS estimate-$0.84

Financials

Q1 2026

Income statement

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Revenue$4.5M-86.2%
Operating income-$77.9M-80.3%
Net income-$128.9M-166%
EPS (diluted)-$1.71-159%

Balance sheet

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Cash & equivalents$14.2M-64.3%
Total debt$175.2M-21.2%
Total equity$515.6M-19.4%
Total assets$736.8M-18.6%

Cash flow

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Operating cash flow-$67.6M-317%
CapEx$610.0K-57.8%
Free cash flow-$68.2M-286%

Valuation & ratios

Valuation

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Market cap$1.47B+137%
Enterprise value$1.63B+101%
P/S15.1×+10.7×

Profitability

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Operating margin-217.9%+425pp
Net margin-177.1%+16.5pp
FCF margin-194%+166pp

Returns & leverage

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Return on equity-29.8%-2.7pp
Debt / equity0.3×0.0×
Current ratio6.6×+0.7×

Competitors

Profile

Xencor is a clinical-stage biopharmaceutical company that utilizes proprietary protein engineering capabilities to develop engineered antibody therapeutics. The company focuses on creating XmAb drug candidates with multi-target mechanisms of action and improved properties for the treatment of cancer and autoimmune diseases. By engineering the Fc domains of antibodies, Xencor designs scaffolds that enable bispecific structures and extended half-life for therapeutic candidates.

Competitive position

A leader in Fc domain engineering with a validated platform that has contributed to multiple marketed medicines.

GeographiesGlobal
Customer segmentsBiopharmaceutical companies, Oncology clinics, Specialty healthcare providers
Business modelR&D intensive, IP licensing, Royalty-based
SuppliersProtein engineering software, Laboratory equipment suppliers, Contract research organizations (CROs), Raw material suppliers for biologics
CustomersPharmaceutical licensing partners, Clinical trial sites, Specialty pharmacies
Listed2013
Employees280.0
CEOBassil I. Dahiyat
Websitexencor.com
FilingsSEC EDGAR

Questions, answered.

What is Xencor's market cap?
Xencor (XNCR) has a market capitalization of $1.5B and trades on NASDAQ.
What is Xencor's revenue and profitability?
Xencor generated $97.4M in trailing twelve-month revenue with a net loss of $172.4M, representing a net margin of -177.1%, with free cash flow of -$188.8M. These figures are based on the Q1 2026 filing.
Who are Xencor's competitors?
Xencor's key competitors include Amgen, Regeneron Pharmaceuticals, AbCellera Biologics Inc. Common Shares, and others. These companies compete in similar markets and product categories.
Where is Xencor headquartered?
Xencor is headquartered in United States of America and employs approximately 280 people. It has been publicly traded since 2013.