XNCR - Xencor, Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$26.00
DETAILS
HIGH:
$26.00
LOW:
$26.00
MEDIAN:
$26.00
CONSENSUS:
$26.00
UPSIDE:
129.89%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||
| Revenue | 125.6 | 110.5 | 174.6 | 164.6 | 275.1 | 122.7 | 156.7 | 40.6 | 35.7 | 87.5 | 27.8 | 9.5 | 10.2 | 9.5 | 6.8 |
| Cost of Revenue | 10.5 | 0 | 0 | 0 | 0 | 169.8 | 118.6 | 97.5 | 71.8 | 51.9 | 34.1 | 18.5 | 17 | 12.7 | 0 |
| Gross Profit | 115.1 | 110.5 | 174.6 | 164.6 | 275.1 | (47.1) | 38.1 | (56.9) | (36.1) | 35.6 | (6.4) | (9.0) | (6.8) | (3.1) | 6.8 |
| Operating Expenses | |||||||||||||||
| R&D Expenses | 239.4 | 227.7 | 253.6 | 199.6 | 192.5 | 169.8 | 118.6 | 97.5 | 71.8 | 51.9 | 34.1 | 18.5 | 17 | 12.7 | 12.7 |
| SG&A Expenses | 63.6 | 61.2 | 53.4 | 47.5 | 38.8 | 29.7 | 24.3 | 22.5 | 17.5 | 13.1 | 12.0 | 7.5 | 3.7 | 3.1 | 3.6 |
| Other Expenses | (10.5) | 0 | 0 | 0 | 0 | (169.8) | (118.6) | 9.0 | 4.2 | 2.1 | 0.7 | 0.0 | 0.0 | 0.1 | 0.1 |
| Operating Expenses | 292.6 | 288.9 | 307.0 | 247.1 | 231.3 | 29.7 | 24.3 | 120.0 | 89.3 | 65.0 | 46.1 | 26.0 | 20.7 | 15.8 | 16.3 |
| Operating Income | |||||||||||||||
| Operating Income | (177.5) | (178.4) | (132.4) | (82.5) | 43.8 | (76.8) | 13.8 | (79.4) | (53.6) | 22.5 | (18.3) | (16.5) | (10.5) | (6.2) | (9.5) |
| Interest Expense | 31.9 | 36.6 | 0 | 0 | 0.0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.2 | 2.5 | 1.9 |
| Interest Income | 27.5 | 31.9 | 18.6 | 4.8 | 0.9 | 7.3 | 13.6 | 9.1 | 4.2 | 2.1 | 0.7 | 0.0 | 0.0 | 0.0 | 0.0 |
| Profitability | |||||||||||||||
| EBITDA | (47.0) | (186.2) | (102.0) | (45.7) | 90.1 | (71.0) | 18.1 | (75.9) | (40.7) | 45.9 | (16.5) | (15.5) | (58.3) | (5.6) | (8.7) |
| EBIT | (57.5) | (198.3) | (113.5) | (54.5) | 82.6 | (76.8) | 13.8 | (79.4) | (42.7) | 46.1 | (17.6) | (16.4) | (59.0) | (6.1) | (9.4) |
| Income Before Tax | (89.4) | (234.9) | (119.6) | (54.5) | 82.6 | (69.3) | 27.2 | (70.4) | (49.4) | 24.6 | (17.6) | (16.4) | (60.3) | (8.6) | (11.2) |
| Income Tax Expense | 2.5 | 1.6 | 13.7 | 0.7 | 0 | 0 | 0.3 | 0 | (0.5) | 1.0 | 0 | 0 | 0.5 | 0 | 0 |
| Net Income | (91.9) | (232.6) | (133.1) | (55.2) | 82.6 | (69.3) | 26.9 | (70.4) | (48.9) | 23.6 | (17.6) | (16.4) | (60.3) | (8.6) | (11.2) |
| Per Share Data | |||||||||||||||
| EPS (Basic) | -1.24 | -3.58 | -2.08 | -0.93 | 1.42 | -1.11 | 0.48 | -1.31 | -1.05 | 0.57 | -0.45 | -0.52 | -1.92 | -0.51 | -0.67 |
| EPS (Diluted) | -1.24 | -3.58 | -2.08 | -0.93 | 1.37 | -1.11 | 0.46 | -1.31 | -1.05 | 0.56 | -0.45 | -0.52 | -1.92 | -0.51 | -0.67 |
| Shares Outstanding | 74.2 | 65.0 | 60.5 | 59.7 | 58.4 | 57.2 | 56.5 | 53.7 | 46.8 | 41.3 | 39.0 | 31.4 | 31.4 | 16.7 | 16.7 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 54.1 | 40.9 | 53.8 | 53.9 | 143.5 | 163.5 | 50.3 | 26.2 | 16.5 | 14.5 |
| Short-Term Investments | 493.7 | 456.9 | 539.9 | 569.1 | 190.6 | 439.5 | 476.8 | 268.1 | 207.6 | 115.6 |
| Net Receivables | 29.3 | 60.8 | 11.3 | 29.0 | 66.4 | 23.9 | 24.8 | 10.2 | 1.1 | 8.6 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 22.8 | 19.0 | 18.1 | 23.3 | 0 | 0 | 6.5 | 0.8 | 5.6 | 2.9 |
| Total Current Assets | 599.8 | 577.6 | 623.2 | 675.3 | 424.4 | 637.7 | 558.4 | 315.7 | 230.9 | 141.7 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 90.9 | 98.1 | 100.1 | 93.6 | 60.0 | 32.3 | 25.2 | 11.8 | 7.1 | 3.1 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 8.4 | 18.5 | 18.7 | 18.5 | 16.5 | 16.0 | 14.4 | 12.0 | 11.1 | 10.4 |
| Long-Term Investments | 175.9 | 256.8 | 209.7 | 58.2 | 331.7 | 17.1 | 71.5 | 236.1 | 139.2 | 273.3 |
| Other Non-Current Assets | 0.5 | 0.9 | 1.0 | 0.6 | 0.7 | 0.2 | 0.7 | 0.3 | 0.3 | 0.1 |
| Total Non-Current Assets | 275.7 | 374.3 | 329.5 | 170.9 | 413.8 | 65.6 | 111.8 | 261.0 | 159.2 | 286.9 |
| Total Assets | 875.5 | 951.9 | 952.7 | 846.3 | 838.2 | 703.2 | 670.2 | 576.7 | 390.1 | 428.6 |
| Current Liabilities | ||||||||||
| Account Payables | 10.8 | 16.8 | 13.9 | 10.1 | 14.0 | 9.0 | 10.2 | 3.8 | 6.9 | 3.9 |
| Short-Term Debt | 46.5 | 48.4 | 6.3 | 0 | 0 | 0 | 2.2 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 0 | 31.7 | 30.3 | 37.3 | 92.6 | 45.2 | 40.1 | 88.8 | 95.5 |
| Other Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 9.0 | 0.3 | 60.3 | 0.2 |
| Total Current Liabilities | 95.9 | 87.4 | 84.7 | 63.8 | 70.7 | 121.1 | 66.6 | 53.9 | 101.3 | 106.3 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 76.5 | 115.2 | 14.6 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 2.8 | 10.0 | 0 | 0 | 0 | 0 | 0 | 1.2 | (4.5) | 0.4 |
| Total Non-Current Liabilities | 144.0 | 190.5 | 198.8 | 54.9 | 34.0 | 9.7 | 10.5 | 1.2 | 6.7 | 8.3 |
| Total Liabilities | 239.9 | 277.9 | 283.6 | 118.8 | 104.7 | 130.8 | 77.0 | 55.1 | 108.1 | 114.6 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.6 | 0.5 | 0.5 |
| Retained Earnings | (796.0) | (704.0) | (464.4) | (338.3) | (283.1) | (365.7) | (296.4) | (323.3) | (287.3) | (238.0) |
| Accumulated Other Comprehensive Income | 1.6 | (0.7) | 1.3 | (7.0) | (1.5) | 0.1 | 1.2 | (1.0) | (1.8) | (1.4) |
| Total Stockholders' Equity | 635.6 | 677.6 | 668.8 | 727.5 | 733.5 | 572.4 | 593.2 | 521.7 | 282.0 | 314.0 |
| Total Liabilities & Equity | 875.5 | 951.9 | 952.7 | 846.3 | 838.2 | 703.2 | 670.2 | 576.7 | 390.1 | 428.6 |
| Debt Metrics | ||||||||||
| Total Debt | 187.7 | 232.0 | 83.4 | 59.6 | 34.0 | 11.6 | 10.7 | 0 | 0 | 0 |
| Net Debt | 133.7 | 191.1 | 29.6 | 5.7 | (109.5) | (151.9) | (39.6) | (26.2) | (16.5) | (14.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | (91.9) | (236.5) | (133.1) | (55.2) | 82.6 | (69.3) | 26.9 | (70.4) | (48.9) | 23.6 |
| Depreciation & Amortization | 10.5 | 12.1 | 11.5 | 8.8 | 7.5 | 5.8 | 4.3 | 3.3 | 2.0 | 1.5 |
| Stock-Based Compensation | 43.2 | 53.3 | 0 | 48.9 | 37.0 | 31.6 | 31.9 | 20.5 | 13.7 | 7.8 |
| Change in Working Capital | 47.5 | (40.4) | 19.1 | 48.9 | (102.6) | 48.2 | 5.4 | (33.2) | (3.8) | 59.3 |
| Other Non-Cash Items | (144.4) | 9.4 | 24.6 | (26.9) | (22.4) | (21.3) | (4.1) | 0.0 | 3.3 | 2.3 |
| Operating Cash Flow | (135.1) | (202.2) | (77.9) | 24.5 | (16.9) | (5.0) | 64.4 | (79.8) | (33.7) | 94.6 |
| Investing Activities | ||||||||||
| Capital Expenditure | (3.1) | (6.1) | (18.4) | (43.4) | (16.0) | (13.8) | (11.0) | (9.1) | (7.3) | (3.0) |
| Acquisitions | 0 | 0 | 0.5 | 0 | (2.7) | 0 | 0 | (1.9) | (33.9) | 0.9 |
| Purchases of Investments | (298.9) | (595.1) | (782.9) | (387.9) | (509.6) | (643.7) | (496.9) | (377.8) | (76.5) | (316.1) |
| Sales/Maturities of Investments | 427.6 | 596.7 | 693.1 | 306.6 | 485.2 | 757.6 | 456.9 | 222.1 | 115.8 | 105.5 |
| Other Investing Activities | 14.4 | (3.4) | 0 | 0.1 | (3.2) | (3.2) | (3.7) | 2.0 | 33.9 | (0.9) |
| Investing Cash Flow | 140.0 | (7.9) | (110.6) | (119.7) | (46.2) | 100.2 | (51.0) | (164.8) | 31.9 | (213.7) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1.7) | (4.1) | 183.3 | 5.7 | 14.1 | 18.0 | 10.7 | (6.0) | 3.7 | (5.6) |
| Financing Cash Flow | 8.2 | 197.2 | 188.7 | 5.7 | 43.0 | 18.0 | 10.7 | 254.2 | 3.7 | 121.0 |
| Cash Position | ||||||||||
| Net Change in Cash | 13.1 | (12.9) | (0.2) | (89.5) | (20.1) | 113.2 | 24.1 | 9.7 | 2 | 1.9 |
| Cash at Beginning | 41.3 | 54.2 | 53.9 | 143.5 | 163.5 | 50.3 | 26.2 | 16.5 | 14.5 | 12.6 |
| Cash at End | 54.4 | 41.3 | 53.8 | 53.9 | 143.5 | 163.5 | 50.3 | 26.2 | 16.5 | 14.5 |
| Free Cash Flow | (138.3) | (208.3) | (96.4) | (18.9) | (32.8) | (18.8) | 53.3 | (88.9) | (41.0) | 91.6 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||
| Revenue | 125.6 | 110.5 | 174.6 | 164.6 | 275.1 | 122.7 | 156.7 | 40.6 | 35.7 | 87.5 | 27.8 | 9.5 | 10.2 | 9.5 | 6.8 |
| Gross Profit | 115.1 | 110.5 | 174.6 | 164.6 | 275.1 | (47.1) | 38.1 | (56.9) | (36.1) | 35.6 | (6.4) | (9.0) | (6.8) | (3.1) | 6.8 |
| Operating Income | (177.5) | (178.4) | (132.4) | (82.5) | 43.8 | (76.8) | 13.8 | (79.4) | (53.6) | 22.5 | (18.3) | (16.5) | (10.5) | (6.2) | (9.5) |
| Net Income | (91.9) | (232.6) | (133.1) | (55.2) | 82.6 | (69.3) | 26.9 | (70.4) | (48.9) | 23.6 | (17.6) | (16.4) | (60.3) | (8.6) | (11.2) |
| EPS (Diluted) | -1.24 | -3.58 | -2.08 | -0.93 | 1.37 | -1.11 | 0.46 | -1.31 | -1.05 | 0.56 | -0.45 | -0.52 | -1.92 | -0.51 | -0.67 |
| Balance Sheet | |||||||||||||||
| Cash & Equivalents | 54.1 | 40.9 | 53.8 | 53.9 | 143.5 | 163.5 | 50.3 | 26.2 | 16.5 | 14.5 | |||||
| Total Assets | 875.5 | 951.9 | 952.7 | 846.3 | 838.2 | 703.2 | 670.2 | 576.7 | 390.1 | 428.6 | |||||
| Total Debt | 187.7 | 232.0 | 83.4 | 59.6 | 34.0 | 11.6 | 10.7 | 0 | 0 | 0 | |||||
| Stockholders' Equity | 635.6 | 677.6 | 668.8 | 727.5 | 733.5 | 572.4 | 593.2 | 521.7 | 282.0 | 314.0 | |||||
| Cash Flow | |||||||||||||||
| Operating Cash Flow | (135.1) | (202.2) | (77.9) | 24.5 | (16.9) | (5.0) | 64.4 | (79.8) | (33.7) | 94.6 | |||||
| Capital Expenditure | (3.1) | (6.1) | (18.4) | (43.4) | (16.0) | (13.8) | (11.0) | (9.1) | (7.3) | (3.0) | |||||
| Free Cash Flow | (138.3) | (208.3) | (96.4) | (18.9) | (32.8) | (18.8) | 53.3 | (88.9) | (41.0) | 91.6 | |||||