Xencor (XNCR) Financials

$9.70 +0.18 (+1.89%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$9.70 +0.01 (+0.05%)

As of 04/17/2025 04:05 PM Eastern

Annual Income Statements for Xencor

This table shows Xencor's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	-55	-133	-233
Consolidated Net Income / (Loss)	-55	-133	-237
Net Income / (Loss) Continuing Operations	-55	-133	-237
Total Pre-Tax Income	-55	-120	-235
Total Operating Income	-82	-132	-178
Total Gross Profit	165	175	110
Total Revenue	165	175	110
Operating Revenue	165	175	110
Total Cost of Revenue	0.00	0.00	0.00
Total Operating Expenses	247	307	289
Selling, General & Admin Expense	47	53	61
Research & Development Expense	200	254	228
Total Other Income / (Expense), net	28	13	-57
Interest Expense	-4.82	-13	4.71
Other Income / (Expense), net	23	-0.43	-52
Income Tax Expense	0.67	14	1.62
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	-0.16	-3.92
Basic Earnings per Share	($0.93)	($2.20)	($3.58)
Weighted Average Basic Shares Outstanding	59.65M	60.50M	65.04M
Diluted Earnings per Share	($0.93)	($2.20)	($3.58)
Weighted Average Diluted Shares Outstanding	59.65M	60.50M	65.04M
Weighted Average Basic & Diluted Shares Outstanding	60.03M	61.12M	70.46M

This table shows Xencor's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	-34	-3.68	-61	-22	-24	-26	-73	-67	-46	-46
Consolidated Net Income / (Loss)	-33	-12	-61	-22	-24	-26	-74	-69	-47	-46
Net Income / (Loss) Continuing Operations	-33	-12	-61	-22	-24	-26	-74	-69	-47	-46
Total Pre-Tax Income	-32	-12	-61	-22	-24	-13	-74	-69	-47	-45
Total Operating Income	-38	-43	-61	-26	-18	-27	-55	-55	-55	-13
Total Gross Profit	27	22	19	46	59	51	16	24	18	53
Total Revenue	27	22	19	46	59	51	16	24	18	53
Operating Revenue	27	22	19	46	59	51	16	24	18	53
Total Operating Expenses	66	64	80	72	77	78	71	79	73	66
Selling, General & Admin Expense	12	13	14	11	12	15	14	18	15	15
Research & Development Expense	53	51	66	60	65	63	57	62	58	51
Total Other Income / (Expense), net	6.68	30	-0.02	4.04	-6.00	15	-19	-13	7.76	-31
Interest Expense	-1.38	-2.07	0.01	0.01	0.01	-13	9.68	9.28	9.03	-23
Other Income / (Expense), net	5.30	28	-2.91	0.28	-11	13	-18	-12	9.24	-31
Net Income / (Loss) Attributable to Noncontrolling Interest	-	-	0.00	0.00	0.00	-0.16	-0.68	-1.45	-1.15	-0.65
Basic Earnings per Share	($0.55)	($0.21)	($1.02)	($0.37)	($0.40)	($0.41)	($1.20)	($1.09)	($0.72)	($0.57)
Weighted Average Basic Shares Outstanding	59.72M	59.65M	59.77M	59.81M	60.62M	60.50M	61.21M	61.68M	64.02M	65.04M
Diluted Earnings per Share	($0.55)	($0.20)	($1.02)	($0.37)	($0.40)	($0.41)	($1.20)	($1.09)	($0.72)	($0.57)
Weighted Average Diluted Shares Outstanding	59.72M	59.65M	59.77M	59.81M	60.62M	60.50M	61.21M	61.68M	64.02M	65.04M
Weighted Average Basic & Diluted Shares Outstanding	59.92M	60.03M	60.39M	60.61M	60.88M	61.12M	61.66M	61.83M	69.98M	70.46M

This table details how cash moves in and out of Xencor's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	-90	0.23	-13
Net Cash From Operating Activities	24	-78	-202
Net Cash From Continuing Operating Activities	24	-78	-202
Net Income / (Loss) Continuing Operations	-55	-133	-237
Consolidated Net Income / (Loss)	-55	-133	-237
Depreciation Expense	8.80	11	12
Amortization Expense	0.13	-14	-16
Non-Cash Adjustments To Reconcile Net Income	82	60	44
Changes in Operating Assets and Liabilities, net	-11	-2.92	-5.83
Net Cash From Investing Activities	-120	-111	-7.87
Net Cash From Continuing Investing Activities	-120	-111	-7.87
Purchase of Property, Plant & Equipment	-38	-18	-6.10
Acquisitions	-4.91	-2.80	-3.42
Purchase of Investments	-388	-783	-595
Sale of Property, Plant & Equipment	0.00	0.00	0.00
Sale and/or Maturity of Investments	307	693	597
Other Investing Activities, net	5.00	0.00	0.00
Net Cash From Financing Activities	5.70	189	197
Net Cash From Continuing Financing Activities	5.70	189	197
Repurchase of Common Equity	0.00	0.00	-12
Issuance of Common Equity	5.70	5.89	209
Other Financing Activities, net	0.00	183	0.00
Cash Interest Paid	0.01	0.02	0.03
Cash Income Taxes Paid	0.70	0.00	6.10

This table details how cash moves in and out of Xencor's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	3.24	1.29	18	-38	18	1.06	-23	-0.26	-1.74	12
Net Cash From Operating Activities	-1.17	-24	-31	-38	-27	18	-57	-69	-32	-50
Net Cash From Continuing Operating Activities	-1.17	-24	-31	-38	-27	18	-57	-69	-32	-50
Net Income / (Loss) Continuing Operations	-33	-12	-61	-22	-24	-26	-74	-74	-54	-46
Consolidated Net Income / (Loss)	-33	-12	-61	-22	-24	-26	-74	-74	-54	-46
Depreciation Expense	2.24	2.16	2.25	2.89	3.14	3.23	3.04	3.02	3.05	2.99
Amortization Expense	-0.06	-0.78	-1.66	-2.68	-3.87	-5.42	-5.60	-4.44	-3.47	-2.54
Non-Cash Adjustments To Reconcile Net Income	30	-3.02	27	3.81	-11	41	26	4.50	-9.19	3.93
Changes in Operating Assets and Liabilities, net	-1.07	-11	2.65	-20	8.72	5.96	-6.42	2.15	32	-8.03
Net Cash From Investing Activities	3.13	25	48	-1.41	45	-203	32	66	-163	57
Net Cash From Continuing Investing Activities	3.13	25	48	-1.41	45	-203	32	66	-163	57
Purchase of Property, Plant & Equipment	-14	-9.97	-11	-3.85	-2.83	-0.98	-0.13	-3.03	-1.28	-1.66
Acquisitions	-0.78	-0.93	-0.41	-1.08	-0.59	-0.73	-0.93	-0.62	-0.85	-1.02
Purchase of Investments	-111	-71	-95	-181	-168	-338	-137	-123	-282	-54
Sale and/or Maturity of Investments	129	101	155	185	217	137	170	192	120	114
Net Cash From Financing Activities	1.29	1.17	0.92	1.92	0.36	186	1.79	2.67	193	4.43
Net Cash From Continuing Financing Activities	1.29	1.17	0.92	1.92	0.36	186	1.79	2.67	193	4.43
Issuance of Common Equity	1.29	1.17	0.92	1.92	0.36	2.69	1.79	1.07	202	4.43
Cash Interest Paid	0.00	-	0.01	0.01	0.01	0.00	0.01	0.01	0.01	0.00

This table presents Xencor's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	846	965	952
Total Current Assets	675	636	578
Cash & Equivalents	54	54	41
Short-Term Investments	569	540	457
Accounts Receivable	29	24	61
Prepaid Expenses	23	18	19
Plant, Property, & Equipment, net	59	66	60
Total Noncurrent Assets	112	263	315
Long-Term Investments	3.83	210	257
Intangible Assets	19	19	18
Other Noncurrent Operating Assets	89	35	39
Total Liabilities & Shareholders' Equity	846	965	952
Total Liabilities	119	303	278
Total Current Liabilities	64	74	87
Short-Term Debt	0.00	28	48
Accounts Payable	10	14	17
Accrued Expenses	19	24	19
Current Deferred & Payable Income Tax Liabilities	0.00	5.29	0.00
Other Current Liabilities	4.71	3.44	3.01
Total Noncurrent Liabilities	55	229	190
Long-Term Debt	0.00	162	115
Other Noncurrent Operating Liabilities	55	67	75
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	727	662	674
Total Preferred & Common Equity	727	662	678
Preferred Stock	0.00	0.00	0.00
Total Common Equity	727	662	678
Common Stock	1,073	1,132	1,382
Retained Earnings	-338	-471	-704
Accumulated Other Comprehensive Income / (Loss)	-6.95	1.29	-0.66
Noncontrolling Interest	0.00	0.34	-3.59

This table presents Xencor's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	835	803	778	778	897	841	1,000
Total Current Assets	668	630	594	571	575	569	590
Cash & Equivalents	53	72	35	53	31	31	29
Short-Term Investments	548	516	517	442	505	478	514
Accounts Receivable	45	20	20	55	22	36	26
Prepaid Expenses	23	22	22	22	17	25	21
Plant, Property, & Equipment, net	51	67	68	68	64	64	62
Total Noncurrent Assets	116	107	117	139	258	208	348
Long-Term Investments	42	54	64	85	199	149	290
Intangible Assets	18	18	19	19	19	19	18
Other Noncurrent Operating Assets	51	34	34	36	41	40	40
Total Liabilities & Shareholders' Equity	835	803	778	778	897	841	1,000
Total Liabilities	113	120	99	109	297	292	294
Total Current Liabilities	90	65	45	53	71	76	91
Short-Term Debt	-	-	-	-	34	39	44
Accounts Payable	15	15	14	15	16	16	19
Accrued Expenses	19	15	18	24	13	20	25
Current Deferred Revenue	35	30	7.87	9.22	-	-	0.00
Current Deferred & Payable Income Tax Liabilities	0.39	-	-	-	5.29	0.00	0.00
Other Current Liabilities	21	4.47	4.23	4.38	2.08	1.26	2.18
Total Noncurrent Liabilities	23	55	55	56	226	216	203
Long-Term Debt	-	-	-	-	151	141	128
Other Noncurrent Operating Liabilities	23	-	55	56	75	75	75
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	723	684	679	669	600	549	706
Total Preferred & Common Equity	723	684	679	669	600	550	709
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	723	684	679	669	600	550	709
Common Stock	1,059	1,086	1,102	1,115	1,145	1,163	1,366
Retained Earnings	-326	-399	-421	-445	-545	-612	-658
Accumulated Other Comprehensive Income / (Loss)	-9.88	-3.63	-1.86	-0.71	-0.15	-0.65	1.80
Noncontrolling Interest	-	-	-	-	-0.34	-1.78	-2.94

This table displays calculated financial ratios and metrics derived from Xencor's official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	-40.18%	6.10%	-36.72%
EBITDA Growth	-154.52%	-167.71%	-73.54%
EBIT Growth	-172.54%	-123.83%	-73.37%
NOPAT Growth	-231.91%	-60.49%	-34.79%
Net Income Growth	-166.78%	-141.56%	-77.45%
EPS Growth	-167.88%	-136.56%	-62.73%
Operating Cash Flow Growth	245.29%	-418.26%	-159.46%
Free Cash Flow Firm Growth	31.52%	32.38%	-297.79%
Invested Capital Growth	1.69%	-52.17%	72.52%
Revenue Q/Q Growth	-44.58%	20.21%	19.78%
EBITDA Q/Q Growth	-232.10%	-2.41%	-4.88%
EBIT Q/Q Growth	-312.11%	0.30%	-6.25%
NOPAT Q/Q Growth	-211.51%	10.33%	14.64%
Net Income Q/Q Growth	-284.42%	-11.99%	-16.62%
EPS Q/Q Growth	-286.00%	-10.55%	-12.23%
Operating Cash Flow Q/Q Growth	-77.88%	35.35%	-800.70%
Free Cash Flow Firm Q/Q Growth	-338.16%	64.27%	-56.78%
Invested Capital Q/Q Growth	24.60%	-46.44%	82.59%
Profitability Metrics	-	-	-
Gross Margin	100.00%	100.00%	100.00%
EBITDA Margin	-30.62%	-77.27%	-211.91%
Operating Margin	-50.11%	-75.80%	-161.47%
EBIT Margin	-36.05%	-76.05%	-208.35%
Profit (Net Income) Margin	-33.53%	-76.34%	-214.08%
Tax Burden Percent	101.23%	111.42%	100.69%
Interest Burden Percent	91.88%	90.09%	102.05%
Effective Tax Rate	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-57.86%	-124.59%	-190.45%
ROIC Less NNEP Spread (ROIC-NNEP)	-58.27%	-118.04%	-171.92%
Return on Net Nonoperating Assets (RNNOA)	50.31%	105.41%	155.04%
Return on Equity (ROE)	-7.55%	-19.19%	-35.41%
Cash Return on Invested Capital (CROIC)	-59.54%	-54.01%	-243.68%
Operating Return on Assets (OROA)	-8.57%	-14.66%	-24.02%
Return on Assets (ROA)	-7.97%	-14.72%	-24.68%
Return on Common Equity (ROCE)	-7.55%	-19.18%	-35.49%
Return on Equity Simple (ROE_SIMPLE)	-7.59%	-20.14%	-34.91%
Net Operating Profit after Tax (NOPAT)	-58	-93	-125
NOPAT Margin	-35.08%	-53.06%	-113.03%
Net Nonoperating Expense Percent (NNEP)	0.40%	-6.55%	-18.53%
Return On Investment Capital (ROIC_SIMPLE)	-7.94%	-10.88%	-14.91%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	28.85%	30.57%	55.40%
R&D to Revenue	121.26%	145.23%	206.06%
Operating Expenses to Revenue	150.11%	175.80%	261.47%
Earnings before Interest and Taxes (EBIT)	-59	-133	-230
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-50	-135	-234
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.14	1.95	2.37
Price to Tangible Book Value (P/TBV)	2.20	2.01	2.44
Price to Revenue (P/Rev)	9.48	7.40	14.55
Price to Earnings (P/E)	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	9.28	14.10	12.21
Enterprise Value to Revenue (EV/Rev)	5.67	3.89	9.17
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	38.13	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.00	0.29	0.24
Long-Term Debt to Equity	0.00	0.24	0.17
Financial Leverage	-0.86	-0.89	-0.90
Leverage Ratio	0.95	1.30	1.43
Compound Leverage Factor	0.87	1.17	1.46
Debt to Total Capital	0.00%	22.25%	19.53%
Short-Term Debt to Total Capital	0.00%	3.25%	5.78%
Long-Term Debt to Total Capital	0.00%	19.00%	13.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.04%	-0.43%
Common Equity to Total Capital	100.00%	77.71%	80.90%
Debt to EBITDA	0.00	-1.40	-0.70
Net Debt to EBITDA	0.00	4.55	2.52
Long-Term Debt to EBITDA	0.00	-1.20	-0.49
Debt to NOPAT	0.00	-2.05	-1.31
Net Debt to NOPAT	0.00	6.63	4.73
Long-Term Debt to NOPAT	0.00	-1.75	-0.92
Altman Z-Score	8.15	2.30	2.37
Noncontrolling Interest Sharing Ratio	0.00%	0.02%	-0.24%
Liquidity Ratios	-	-	-
Current Ratio	10.58	8.60	6.61
Quick Ratio	10.21	8.35	6.39
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-59	-40	-160
Operating Cash Flow to CapEx	63.61%	-422.43%	-3,316.19%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-33.90
Operating Cash Flow to Interest Expense	0.00	0.00	-42.90
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-44.19
Efficiency Ratios	-	-	-
Asset Turnover	0.24	0.19	0.12
Accounts Receivable Turnover	3.45	6.62	2.61
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	3.77	2.79	1.75
Accounts Payable Turnover	0.00	0.00	0.00
Days Sales Outstanding (DSO)	105.77	55.12	139.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	105.77	55.12	139.71
Capital & Investment Metrics	-	-	-
Invested Capital	101	48	83
Invested Capital Turnover	1.65	2.35	1.69
Increase / (Decrease) in Invested Capital	1.68	-52	35
Enterprise Value (EV)	934	679	1,014
Market Capitalization	1,560	1,292	1,608
Book Value per Share	$12.14	$10.87	$9.68
Tangible Book Value per Share	$11.83	$10.56	$9.42
Total Capital	727	852	838
Total Debt	0.00	189	164
Total Long-Term Debt	0.00	162	115
Net Debt	-627	-614	-591
Capital Expenditures (CapEx)	38	18	6.10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-12	-4.33	41
Debt-free Net Working Capital (DFNWC)	611	589	539
Net Working Capital (NWC)	611	562	490
Net Nonoperating Expense (NNE)	-2.55	41	112
Net Nonoperating Obligations (NNO)	-627	-614	-591
Total Depreciation and Amortization (D&A)	8.93	-2.14	-3.94
Debt-free, Cash-free Net Working Capital to Revenue	-7.03%	-2.48%	36.96%
Debt-free Net Working Capital to Revenue	371.55%	337.54%	487.47%
Net Working Capital to Revenue	371.55%	321.67%	443.62%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.93)	$0.00	($3.58)
Adjusted Weighted Average Basic Shares Outstanding	59.65M	0.00	65.04M
Adjusted Diluted Earnings per Share	($0.93)	$0.00	($3.58)
Adjusted Weighted Average Diluted Shares Outstanding	59.65M	0.00	65.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	60.03M	0.00	70.46M
Normalized Net Operating Profit after Tax (NOPAT)	-58	-93	-125
Normalized NOPAT Margin	-35.08%	-53.06%	-113.03%
Pre Tax Income Margin	-33.12%	-68.51%	-212.61%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	-48.85
NOPAT to Interest Expense	0.00	0.00	-26.50
EBIT Less CapEx to Interest Expense	0.00	0.00	-50.14
NOPAT Less CapEx to Interest Expense	0.00	0.00	-27.79
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-5.11%

This table displays calculated financial ratios and metrics derived from Xencor's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	38.69%	-85.97%	-77.82%	50.86%	116.73%	135.84%	-15.64%	-47.48%	-69.92%	3.58%
EBITDA Growth	17.62%	-117.44%	-345.78%	20.37%	2.79%	-24.18%	-19.79%	-168.81%	-54.50%	-167.27%
EBIT Growth	18.17%	-119.96%	-377.47%	25.87%	11.39%	2.71%	-14.66%	-161.22%	-56.92%	-212.02%
NOPAT Growth	7.15%	-132.53%	-260.66%	7.15%	52.36%	35.78%	10.01%	-112.99%	-202.12%	51.82%
Net Income Growth	18.49%	-116.48%	-357.54%	35.38%	25.92%	-118.50%	-21.98%	-213.30%	-95.48%	-75.60%
EPS Growth	20.29%	-116.26%	-361.54%	35.09%	27.27%	-105.00%	-17.65%	-194.59%	-80.00%	-39.02%
Operating Cash Flow Growth	97.01%	-139.54%	-626.47%	-186.29%	-2,235.70%	174.37%	-85.73%	-80.50%	-16.40%	-374.30%
Free Cash Flow Firm Growth	44.83%	18.99%	95.36%	112.84%	59.20%	205.87%	269.65%	-650.38%	126.22%	-232.35%
Invested Capital Growth	49.76%	1.69%	-28.39%	-29.68%	11.28%	-52.17%	-47.59%	12.83%	-49.39%	72.52%
Revenue Q/Q Growth	-9.53%	-20.84%	-12.25%	140.07%	29.97%	-13.86%	-64.20%	86.70%	4.93%	196.66%
EBITDA Q/Q Growth	3.66%	57.41%	-379.74%	59.54%	-17.61%	45.60%	-234.27%	12.89%	38.62%	5.89%
EBIT Q/Q Growth	4.73%	56.05%	-338.27%	59.60%	-13.87%	51.75%	-257.66%	11.81%	38.01%	4.06%
NOPAT Q/Q Growth	-36.96%	-11.06%	-42.62%	57.20%	29.72%	-49.70%	-62.54%	4.30%	11.43%	76.13%
Net Income Q/Q Growth	3.58%	63.24%	-404.63%	63.87%	-10.54%	-8.41%	-284.74%	-0.11%	29.62%	2.62%
EPS Q/Q Growth	3.51%	63.64%	-410.00%	63.73%	-8.11%	-2.50%	-313.79%	1.80%	32.71%	20.83%
Operating Cash Flow Q/Q Growth	-102.64%	-1,991.70%	-25.31%	-24.78%	28.58%	166.60%	-131.38%	-24.78%	51.40%	-56.94%
Free Cash Flow Firm Q/Q Growth	19.10%	41.33%	85.99%	293.12%	-357.04%	252.27%	-96.07%	-129.78%	-93.95%	-868.73%
Invested Capital Q/Q Growth	-10.30%	24.60%	-4.46%	-34.15%	41.95%	-46.44%	144.45%	170.13%	160.42%	82.59%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
EBITDA Margin	-113.08%	-60.84%	-332.62%	-56.05%	-50.73%	-32.03%	-472.30%	-286.92%	-260.54%	-82.65%
Operating Margin	-140.47%	-197.09%	-320.35%	-57.11%	-30.88%	-53.67%	-341.71%	-231.61%	-310.17%	-24.96%
EBIT Margin	-121.07%	-67.21%	-335.70%	-56.49%	-49.50%	-27.72%	-456.26%	-281.01%	-258.22%	-83.51%
Profit (Net Income) Margin	-120.00%	-55.72%	-320.45%	-48.23%	-41.02%	-51.62%	-463.31%	-287.71%	-266.59%	-87.51%
Tax Burden Percent	103.44%	96.67%	100.00%	100.00%	100.00%	208.02%	100.00%	100.00%	100.00%	103.63%
Interest Burden Percent	95.83%	85.76%	95.46%	85.36%	82.87%	89.51%	101.55%	102.38%	103.24%	101.12%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-433.74%	-227.58%	-190.89%	-59.14%	-36.81%	-88.21%	-540.02%	-338.34%	-296.03%	-29.44%
ROIC Less NNEP Spread (ROIC-NNEP)	-432.76%	-230.40%	-187.89%	-58.54%	-34.93%	-87.05%	-533.72%	-332.84%	-294.61%	-23.31%
Return on Net Nonoperating Assets (RNNOA)	389.32%	198.93%	157.97%	52.23%	30.65%	77.73%	472.79%	296.32%	265.61%	21.02%
Return on Equity (ROE)	-44.42%	-28.65%	-32.92%	-6.91%	-6.16%	-10.47%	-67.23%	-42.02%	-30.42%	-8.42%
Cash Return on Invested Capital (CROIC)	37.05%	-59.54%	-70.04%	-118.27%	-131.81%	-54.01%	-64.22%	-183.67%	-150.64%	-243.68%
Operating Return on Assets (OROA)	-46.92%	-15.98%	-39.62%	-7.86%	-8.91%	-5.35%	-88.75%	-48.80%	-26.79%	-9.63%
Return on Assets (ROA)	-46.51%	-13.25%	-37.82%	-6.71%	-7.38%	-9.95%	-90.13%	-49.97%	-27.66%	-10.09%
Return on Common Equity (ROCE)	-44.42%	-28.65%	-32.92%	-6.91%	-6.16%	-10.47%	-67.25%	-42.08%	-30.48%	-8.45%
Return on Equity Simple (ROE_SIMPLE)	4.14%	0.00%	-20.41%	-18.78%	-17.79%	0.00%	-23.26%	-32.88%	-28.61%	0.00%
Net Operating Profit after Tax (NOPAT)	-27	-30	-43	-18	-13	-19	-38	-39	-39	-9.22
NOPAT Margin	-98.33%	-137.96%	-224.24%	-39.98%	-21.62%	-37.57%	-239.20%	-162.12%	-217.12%	-17.47%
Net Nonoperating Expense Percent (NNEP)	-0.98%	2.82%	-3.00%	-0.59%	-1.88%	-1.15%	-6.31%	-5.49%	-1.42%	-6.14%
Return On Investment Capital (ROIC_SIMPLE)	-	-4.10%	-5.76%	-2.68%	-1.91%	-2.25%	-4.88%	-5.32%	-4.40%	-1.10%
Cost of Revenue to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	45.33%	59.01%	74.64%	25.17%	21.12%	29.97%	86.18%	74.23%	82.98%	28.25%
R&D to Revenue	195.15%	238.08%	345.70%	131.93%	109.76%	123.70%	355.52%	257.38%	327.19%	96.71%
Operating Expenses to Revenue	240.47%	297.09%	420.35%	157.11%	130.88%	153.67%	441.71%	331.61%	410.17%	124.96%
Earnings before Interest and Taxes (EBIT)	-33	-15	-64	-26	-29	-14	-73	-67	-46	-44
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-31	-13	-63	-26	-30	-16	-76	-69	-46	-44
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.15	2.14	2.45	2.22	1.83	1.95	2.25	2.12	1.75	2.37
Price to Tangible Book Value (P/TBV)	2.20	2.20	2.52	2.28	1.88	2.01	2.33	2.20	1.80	2.44
Price to Revenue (P/Rev)	5.22	9.48	17.08	13.30	8.41	7.40	8.18	8.30	13.48	14.55
Price to Earnings (P/E)	71.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	11.26	9.28	11.31	14.10	7.15	14.10	15.94	9.64	12.76	12.21
Enterprise Value to Revenue (EV/Rev)	3.06	5.67	11.08	7.87	4.42	3.89	4.86	4.90	6.29	9.17
Enterprise Value to EBITDA (EV/EBITDA)	23.83	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	32.50	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	17.56	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	8.21	38.13	0.00	0.00	0.00	0.00	13.64	23.16	20.10	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	36.44	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.08	0.00	0.00	0.29	0.31	0.33	0.24	0.24
Long-Term Debt to Equity	0.00	0.00	0.08	0.00	0.00	0.24	0.25	0.26	0.18	0.17
Financial Leverage	-0.90	-0.86	-0.84	-0.89	-0.88	-0.89	-0.89	-0.89	-0.90	-0.90
Leverage Ratio	1.14	0.95	1.15	1.15	1.16	1.30	1.32	1.32	1.29	1.43
Compound Leverage Factor	1.09	0.81	1.10	0.98	0.96	1.17	1.35	1.35	1.34	1.45
Debt to Total Capital	0.00%	0.00%	7.42%	0.00%	0.00%	22.25%	23.58%	24.68%	19.66%	19.53%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	3.25%	4.36%	5.34%	5.06%	5.78%
Long-Term Debt to Total Capital	0.00%	0.00%	7.42%	0.00%	0.00%	19.00%	19.23%	19.33%	14.61%	13.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	-0.04%	-0.24%	-0.33%	-0.43%
Common Equity to Total Capital	100.00%	100.00%	92.58%	100.00%	100.00%	77.71%	76.46%	75.57%	80.67%	80.90%
Debt to EBITDA	0.00	0.00	-0.39	0.00	0.00	-1.40	-1.20	-0.90	-0.77	-0.70
Net Debt to EBITDA	0.00	0.00	4.22	0.00	0.00	4.55	3.57	2.39	2.96	2.52
Long-Term Debt to EBITDA	0.00	0.00	-0.39	0.00	0.00	-1.20	-0.98	-0.70	-0.57	-0.49
Debt to NOPAT	0.00	0.00	-0.46	0.00	0.00	-2.05	-1.99	-1.56	-1.18	-1.31
Net Debt to NOPAT	0.00	0.00	4.95	0.00	0.00	6.63	5.92	4.13	4.51	4.73
Long-Term Debt to NOPAT	0.00	0.00	-0.46	0.00	0.00	-1.75	-1.63	-1.22	-0.88	-0.92
Altman Z-Score	8.78	8.33	8.39	9.24	6.76	2.71	2.47	1.99	2.16	3.02
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	-0.03%	-0.15%	-0.21%	-0.24%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	7.42	10.58	9.68	13.30	10.77	8.60	8.09	7.53	6.49	6.61
Quick Ratio	7.17	10.21	9.34	12.80	10.36	8.35	7.85	7.20	6.26	6.39
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-54	-31	-4.41	8.52	-22	33	7.48	-47	5.74	-44
Operating Cash Flow to CapEx	-8.29%	-245.14%	-283.91%	-991.44%	-963.31%	1,853.98%	-43,075.00%	-2,278.62%	-2,490.67%	-2,995.01%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	-630.11	1,216.87	-3,127.86	0.00	0.77	-5.05	0.64	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	-4,373.43	-5,457.14	-3,897.29	0.00	-5.88	-7.43	-3.52	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	-5,913.86	-6,007.57	-4,301.86	0.00	-5.89	-7.75	-3.66	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.39	0.24	0.12	0.14	0.18	0.19	0.19	0.17	0.10	0.12
Accounts Receivable Turnover	9.08	3.45	1.81	3.05	2.91	6.62	7.87	5.03	2.28	2.61
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.90	3.77	2.06	2.12	2.44	2.79	2.54	2.13	1.41	1.75
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	40.20	105.77	201.15	119.59	125.48	55.12	46.40	72.63	159.99	139.71
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	40.20	105.77	201.15	119.59	125.48	55.12	46.40	72.63	159.99	139.71
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	81	101	96	63	90	48	50	71	45	83
Invested Capital Turnover	4.41	1.65	0.85	1.48	1.70	2.35	2.26	2.09	1.36	1.69
Increase / (Decrease) in Invested Capital	27	1.68	-38	-27	9.11	-52	-46	8.12	-44	35
Enterprise Value (EV)	909	934	1,087	892	642	679	803	688	580	1,014
Market Capitalization	1,551	1,560	1,674	1,508	1,221	1,292	1,353	1,167	1,243	1,608
Book Value per Share	$12.11	$12.14	$11.39	$11.24	$11.04	$10.87	$9.82	$8.93	$11.46	$9.68
Tangible Book Value per Share	$11.80	$11.83	$11.08	$10.93	$10.73	$10.56	$9.51	$8.62	$11.17	$9.42
Total Capital	723	727	738	679	669	852	785	728	879	838
Total Debt	0.00	0.00	55	0.00	0.00	189	185	180	173	164
Total Long-Term Debt	0.00	0.00	55	0.00	0.00	162	151	141	128	115
Net Debt	-642	-627	-587	-616	-579	-614	-549	-477	-660	-591
Capital Expenditures (CapEx)	14	9.97	11	3.85	2.83	0.98	0.13	3.03	1.28	1.66
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-22	-12	-23	-2.44	24	-4.33	2.04	24	0.26	41
Debt-free Net Working Capital (DFNWC)	578	611	565	549	518	589	538	532	543	539
Net Working Capital (NWC)	578	611	565	549	518	562	504	493	499	490
Net Nonoperating Expense (NNE)	5.92	-18	18	3.76	11	7.16	36	30	8.80	37
Net Nonoperating Obligations (NNO)	-642	-627	-587	-616	-579	-614	-549	-477	-660	-591
Total Depreciation and Amortization (D&A)	2.18	1.38	0.58	0.20	-0.73	-2.20	-2.57	-1.41	-0.41	0.45
Debt-free, Cash-free Net Working Capital to Revenue	-7.50%	-7.03%	-23.56%	-2.15%	16.25%	-2.48%	1.23%	16.97%	0.28%	36.96%
Debt-free Net Working Capital to Revenue	194.61%	371.55%	576.18%	484.09%	356.70%	337.54%	325.31%	378.66%	588.88%	487.47%
Net Working Capital to Revenue	194.61%	371.55%	576.18%	484.09%	356.70%	321.67%	304.63%	350.97%	540.69%	443.62%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.55)	($0.21)	($1.02)	($0.37)	($0.40)	($0.41)	($1.20)	($1.09)	($0.72)	($0.57)
Adjusted Weighted Average Basic Shares Outstanding	59.72M	59.65M	59.77M	59.81M	60.62M	60.50M	61.21M	61.68M	64.02M	65.04M
Adjusted Diluted Earnings per Share	($0.55)	($0.20)	($1.02)	($0.37)	($0.40)	($0.41)	($1.20)	($1.09)	($0.72)	($0.57)
Adjusted Weighted Average Diluted Shares Outstanding	59.72M	59.65M	59.77M	59.81M	60.62M	60.50M	61.21M	61.68M	64.02M	65.04M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	59.92M	60.03M	60.39M	60.61M	60.88M	61.12M	61.66M	61.83M	69.98M	70.46M
Normalized Net Operating Profit after Tax (NOPAT)	-27	-30	-43	-18	-13	-19	-38	-39	-39	-9.22
Normalized NOPAT Margin	-98.33%	-137.96%	-224.24%	-39.98%	-21.62%	-37.57%	-239.20%	-162.12%	-217.12%	-17.47%
Pre Tax Income Margin	-116.02%	-57.64%	-320.45%	-48.23%	-41.02%	-24.82%	-463.31%	-287.71%	-266.59%	-84.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	-9,093.57	-3,674.00	-4,183.57	0.00	-7.54	-7.24	-5.09	0.00
NOPAT to Interest Expense	0.00	0.00	-6,074.40	-2,599.70	-1,827.00	0.00	-3.95	-4.18	-4.28	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	-10,634.00	-4,224.43	-4,588.14	0.00	-7.56	-7.56	-5.23	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	-7,614.83	-3,150.13	-2,231.57	0.00	-3.97	-4.50	-4.42	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.11%

Frequently Asked Questions About Xencor's Financials

When does Xencor's fiscal year end?

According to the most recent income statement we have on file, Xencor's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Xencor's net income changed over the last 2 years?

Xencor's net income appears to be on an upward trend, with a most recent value of -$236.54 million in 2024, rising from -$55.18 million in 2022. The previous period was -$133.30 million in 2023.

What is Xencor's operating income?

Xencor's total operating income in 2024 was -$178.41 million, based on the following breakdown:

Total Gross Profit: $110.49 million
Total Operating Expenses: $288.90 million

How has Xencor revenue changed over the last 2 years?

Over the last 2 years, Xencor's total revenue changed from $164.58 million in 2022 to $110.49 million in 2024, a change of -32.9%.

How much debt does Xencor have?

Xencor's total liabilities were at $277.92 million at the end of 2024, a 8.3% decrease from 2023, and a 134.0% increase since 2022.

How much cash does Xencor have?

In the past 2 years, Xencor's cash and equivalents has ranged from $40.88 million in 2024 to $53.94 million in 2022, and is currently $40.88 million as of their latest financial filing in 2024.

How has Xencor's book value per share changed over the last 2 years?

Over the last 2 years, Xencor's book value per share changed from 12.14 in 2022 to 9.68 in 2024, a change of -20.2%.

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This page (NASDAQ:XNCR) was last updated on 4/18/2025 by MarketBeat.com Staff

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Xencor (XNCR) Financials

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Xencor (XNCR) Financials

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