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Xencor XNCR Operating lease, net

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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+79.8%
Enterprise value$1.23B+58.6%
P/S11×+6.3×

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 xncr:IncreaseDecreaseInLeaseLiabilitiesAndRightOfUseAssets.

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 operating lease, net?
Xencor (XNCR) reported operating lease, net of -$590K in Q1 2026.
How has Xencor's operating lease, net changed year-over-year?
Xencor's operating lease, net decreased by 451.2% year-over-year, from $168K to -$590K.
What is the long-term trend for Xencor's operating lease, net?
Over 3 years (2021 to 2024), Xencor's operating lease, net has grown at a 8.4% compound annual growth rate (CAGR), from $1.21M to $1.54M.
What does operating lease, net mean?
This represents the net non-cash impact of operating lease accounting, including the amortization of right-of-use assets and the reduction of lease liabilities. It adjusts net income for the difference between lease expenses recognized on an accrual basis and the actual cash payments made for leases. This is vital for understanding the company's fixed-cost obligations and their impact on operational cash flow.