What is Xencor's pre-tax income?

Xencor (XNCR) reported pre-tax income of -$128.64M in Q1 2026.

How has Xencor's pre-tax income changed year-over-year?

Xencor's pre-tax income decreased by 166.5% year-over-year, from -$48.27M to -$128.64M.

What is the long-term trend for Xencor's pre-tax income?

Over 2 years (2023 to 2025), Xencor's pre-tax income has grown at a -13.4% compound annual growth rate (CAGR), from -$119.63M to -$89.63M.

What does pre-tax income mean?

Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.

Xencor XNCR Pre-Tax Income

Pre-Tax Income at other companies

AmgenAMGN

$2.08B+5.6%

Regeneron PharmaceuticalsREGN

$831.2M-8.2%

AbCellera Biologics Inc.ABCL

-$49.54M+6.5%

AnaptysBio, Inc.ANAB

-$52.84M-34.5%

Xenon PharmaceuticalsXENE

-$104.87M-62.3%

Absci CorporationABSI

-$29.58M-12.3%

Other financials

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

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Market cap$1.07B+76.3%

Enterprise value$1.23B+55.9%

P/S11×+6.2×

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×

Where this comes from

Reported directly by Xencor in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The official record: Xencor’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xencor's pre-tax income?: Xencor (XNCR) reported pre-tax income of -$128.64M in Q1 2026.
How has Xencor's pre-tax income changed year-over-year?: Xencor's pre-tax income decreased by 166.5% year-over-year, from -$48.27M to -$128.64M.
What is the long-term trend for Xencor's pre-tax income?: Over 2 years (2023 to 2025), Xencor's pre-tax income has grown at a -13.4% compound annual growth rate (CAGR), from -$119.63M to -$89.63M.
What does pre-tax income mean?: Total income from all sources — operating income plus non-operating items like interest income, investment gains, and other income — before the provision for income taxes.