EXAGEN INC.XGNEarnings & Financial Report
Nasdaq
XGN Q3 2025 Key Financial Metrics
Revenue
$17.2M
Gross Profit
$10.1M
Operating Profit
$-3.1M
Net Profit
$-7.1M
Gross Margin
58.4%
Operating Margin
-18.0%
Net Margin
-41.1%
YoY Growth
37.9%
EPS
$-0.31
Financial Flow
EXAGEN INC. Q3 2025 Financial Summary
EXAGEN INC. reported revenue of $17.2M for Q3 2025, with a net profit of $-7.1M (-41.1% margin). Cost of goods sold was $7.2M, operating expenses totaled $13.2M.
Key Financial Metrics
| Total Revenue | $17.2M |
|---|---|
| Net Profit | $-7.1M |
| Gross Margin | 58.4% |
| Operating Margin | -18.0% |
| Report Period | Q3 2025 |
EXAGEN INC. Annual Revenue by Year
EXAGEN INC. annual revenue history includes year-by-year totals (for example, 2024 revenue was $55.6M).
| Year | Annual Revenue |
|---|---|
| 2024 | $55.6M |
| 2023 | $52.5M |
| 2022 | $45.6M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.8M | $14.4M | $15.1M | $12.5M | $13.7M | $15.5M | $17.2M | $17.2M |
| YoY Growth | 19.9% | 28.4% | 6.6% | -6.8% | -0.8% | 7.5% | 14.2% | 37.9% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $56.9M | $50.8M | $49.3M | $43.6M | $44.7M | $40.3M | $58.8M | $62.8M |
| Liabilities | $34.3M | $30.8M | $31.7M | $30.7M | $35.1M | $33.9M | $37.7M | $44.7M |
| Equity | $22.7M | $20.0M | $17.6M | $12.9M | $9.5M | $6.4M | $21.0M | $18.1M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $8.3M | $-9.0M | $-2.4M | $-2.2M | $363000 | $-10.7M | $-2.9M | $2.9M |