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Xencor, Inc.

XNCRHealthcareNASDAQ

Biotechnology · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$125.6M
+13.7% YoY
Net Income
-$91.9M
+60.5% YoY
EBITDA
-$47.2M
+74.7% YoY
Free Cash Flow
-$76.9M

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About Xencor, Inc.

Xencor, Inc., a clinical-stage biopharmaceutical company, focuses on the discovery and development of engineered antibodies for the treatment of cancer and autoimmune diseases. The company carries a $831.1M market cap, placing it firmly in the small-cap category. The company provides Ultomiris to treat patients with atypical hemolytic uremic syndrome, generalized myasthenia gravis, and neuromyelitis optica spectrum disororder; and Monjuvi for the treatment of patients with relapsed or refractory diffuse large B-cell lymphoma.

Key stats
Market Cap$831.1M
Fwd P/E-3.15
EPS$-2.29
Beta0.93
52W Change+23.2%
ROE-29.8%
Analysis

With $445.0M in cash and $175.2M in debt, XNCR maintains more liquidity than leverage. This favorable balance sheet position can be an asset when capital markets become less accommodating. Free cash flow is running at -$76.9M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. Return on equity stands at -29.8%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has been uneven over recent years, ranging from $275.1M to $125.6M.

With cash comfortably exceeding debt, XNCR has financial flexibility that may help navigate uncertain periods. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing XNCR.

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