Exagen Inc. (XGN) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 17.31M | 16.63M | 17.24M | 17.2M | 15.5M | 13.65M | 12.51M | 15.06M | 14.41M | 13.77M | 13.42M | 14.14M | 11.23M | 12.84M | 14.73M | 7.61M | 10.39M | 12.69M | 12.25M | 12.77M |
| Revenue Growth % | 11.67% | 21.79% | 37.87% | 14.19% | 7.51% | -0.8% | -6.78% | 6.56% | 28.36% | 7.23% | -8.9% | 85.87% | 8.04% | 1.17% | 20.2% | -40.45% | -1.82% | 0.17% | 13.7% | 42.74% |
| Cost of Goods Sold | 7.1M | 7.42M | 7.17M | 6.81M | 6.38M | 5.18M | 5.53M | 6.01M | 5.82M | 5.62M | 5.71M | 5.84M | 5.93M | 6.31M | 6.01M | 6.08M | 5.82M | 4.94M | 5.49M | 5.45M |
| COGS % of Revenue | 41.03% | 44.65% | 41.57% | 39.57% | 41.13% | 37.92% | 44.18% | 39.88% | 40.35% | 40.83% | 42.56% | 41.28% | 52.77% | 49.15% | 40.81% | 79.91% | 55.96% | 38.92% | 44.79% | 42.68% |
| Gross Profit | 10.21M | 9.21M | 10.07M | 10.39M | 9.12M | 8.48M | 6.98M | 9.06M | 8.6M | 8.14M | 7.71M | 8.3M | 5.3M | 6.53M | 8.72M | 1.53M | 4.58M | 7.75M | 6.76M | 7.32M |
| Gross Margin % | 58.97% | 55.35% | 58.43% | 60.43% | 58.87% | 62.08% | 55.82% | 60.12% | 59.65% | 59.17% | 57.44% | 58.72% | 47.23% | 50.85% | 59.19% | 20.09% | 44.04% | 61.08% | 55.21% | 57.32% |
| Gross Profit Growth % | 11.86% | 8.6% | 44.32% | 14.79% | 6.11% | 4.08% | -9.41% | 9.1% | 62.1% | 24.77% | -11.59% | 443.26% | 15.88% | -15.77% | 28.86% | -79.13% | -22.11% | -7% | 5.13% | 30.5% |
| Operating Expenses | 13.62M | 14.18M | 13.18M | 13.03M | 12.49M | 11.86M | 11.64M | 11.64M | 11.6M | 13.29M | 12.78M | 13.22M | 13.01M | 21.02M | 16.53M | 15.59M | 14.26M | 14M | 13.27M | 13.06M |
| OpEx % of Revenue | 78.7% | 85.27% | 76.4% | 75.72% | 80.58% | 86.85% | 93.1% | 77.29% | 80.48% | 96.56% | 95.22% | 93.49% | 115.85% | 163.74% | 112.27% | 205% | 137.16% | 110.36% | 108.3% | 102.28% |
| Selling, General & Admin | 12.07M | 12.42M | 11.45M | 11.54M | 11.2M | 10.2M | 10.16M | 10.46M | 10.54M | 12.22M | 11.38M | 11.95M | 11.88M | 12.81M | 14.15M | 12.9M | 12.15M | 11.8M | 11.53M | 11.17M |
| SG&A % of Revenue | 69.72% | 74.7% | 66.37% | 67.1% | 72.29% | 74.73% | 81.26% | 69.46% | 73.13% | 88.75% | 84.79% | 84.55% | 105.82% | 99.81% | 96.1% | 169.64% | 116.91% | 93.01% | 94.1% | 87.46% |
| Research & Development | 1.55M | 1.76M | 1.73M | 1.48M | 1.28M | 1.66M | 1.48M | 1.18M | 1.06M | 1.08M | 1.4M | 1.26M | 1.13M | 2.7M | 2.38M | 2.69M | 2.1M | 2.2M | 1.74M | 1.89M |
| R&D % of Revenue | 8.97% | 10.56% | 10.03% | 8.62% | 8.28% | 12.13% | 11.84% | 7.83% | 7.35% | 7.82% | 10.44% | 8.93% | 10.03% | 21.04% | 16.18% | 35.35% | 20.24% | 17.35% | 14.2% | 14.81% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -3.41M | -4.97M | -3.1M | -2.63M | -3.37M | -3.38M | -4.66M | -2.59M | -3M | -5.15M | -5.07M | -4.92M | -7.71M | -14.49M | -7.82M | -14.06M | -9.68M | -6.25M | -6.5M | -5.74M |
| Operating Margin % | -19.73% | -29.91% | -17.98% | -15.29% | -21.71% | -24.77% | -37.28% | -17.17% | -20.83% | -37.39% | -37.78% | -34.77% | -68.62% | -112.88% | -53.08% | -184.91% | -93.12% | -49.29% | -53.09% | -44.96% |
| Operating Income Growth % | -1.46% | -47.06% | 33.52% | -1.66% | -12.05% | 34.27% | 8.01% | 47.37% | 61.03% | 64.48% | 35.15% | 65.05% | 20.38% | -131.71% | -20.19% | -144.93% | -73.86% | -126.51% | -71.79% | -68.04% |
| EBITDA | -3.41M | -4.38M | -2.63M | -2.16M | -2.92M | -2.97M | -4.24M | -2.16M | -2.54M | -4.64M | -4.46M | -4.17M | -7.15M | -13.97M | -7.38M | -13.75M | -9.4M | -5.96M | -6.25M | -5.52M |
| EBITDA Margin % | -19.73% | -26.31% | -15.27% | -12.58% | -18.87% | -21.74% | -33.91% | -14.33% | -17.66% | -33.71% | -33.27% | -29.52% | -63.7% | -108.83% | -50.1% | -180.78% | -90.4% | -46.99% | -51.06% | -43.24% |
| EBITDA Growth % | -16.72% | -47.41% | 37.89% | -0.28% | -14.93% | 36.03% | 5% | 48.29% | 64.42% | 66.79% | 39.49% | 69.65% | 23.87% | -134.33% | -17.94% | -149% | -74.65% | -128.69% | -71.51% | -67.84% |
| D&A (Non-Cash Add-back) | 0 | 600K | 466K | 466K | 440K | 415K | 422K | 429K | 458K | 507K | 605K | 742K | 553K | 520K | 440K | 314K | 283K | 292K | 249K | 220K |
| EBIT | -3.41M | -4.97M | -5.77M | -3.28M | -3.21M | -3.19M | -4.47M | -2.41M | -2.81M | -5M | -4.86M | -4.44M | -7.05M | -8.59M | -7.48M | -14.06M | -9.67M | -6.24M | -6.5M | -5.75M |
| Net Interest Income | 1.27M | -1.29M | -1.32M | -1.04M | -387K | -366K | -365K | -379K | -357K | -420K | -346K | -98K | 18K | -145K | -618K | -606K | -593K | -639K | -678K | -663K |
| Interest Income | 0 | 43K | 0 | 85K | 158K | 197K | 197K | 181K | 192K | 146K | 211K | 476K | 656K | 481K | 0 | 0 | 5K | 0 | 0 | 0 |
| Interest Expense | -1.27M | 1.33M | 1.32M | 1.12M | 545K | 563K | 562K | 560K | 549K | 566K | 557K | 574K | 638K | 626K | 618K | 606K | 598K | 639K | 678K | 663K |
| Other Income/Expense | -517K | 315K | -3.99M | -1.77M | -387K | -366K | -365K | -379K | -357K | -420K | -346K | -98K | 18K | -145K | -279K | -601K | -593K | -624K | -675K | -668K |
| Pretax Income | -3.93M | -4.66M | -7.09M | -4.4M | -3.75M | -3.75M | -5.03M | -2.97M | -3.36M | -5.57M | -5.42M | -5.01M | -7.69M | -14.64M | -8.1M | -14.66M | -10.27M | -6.88M | -7.18M | -6.41M |
| Pretax Margin % | -22.71% | -28.02% | -41.09% | -25.59% | -24.21% | -27.46% | -40.2% | -19.69% | -23.31% | -40.44% | -40.36% | -35.46% | -68.46% | -114.01% | -54.98% | -192.81% | -98.83% | -54.2% | -58.6% | -50.19% |
| Income Tax | 36K | 13K | 1K | 37K | 0 | 12K | 0 | 0 | 0 | 6K | 0 | 0 | 0 | -282K | 0 | 0 | 0 | 175K | 0 | 0 |
| Effective Tax Rate % | -0.92% | -0.28% | -0.01% | -0.84% | 0% | -0.32% | 0% | 0% | 0% | -0.11% | 0% | 0% | 0% | 1.93% | 0% | 0% | 0% | -2.54% | 0% | 0% |
| Net Income | -3.97M | -4.67M | -7.09M | -4.44M | -3.75M | -3.76M | -5.03M | -2.97M | -3.36M | -5.57M | -5.42M | -5.01M | -7.69M | -14.35M | -8.1M | -14.66M | -10.27M | -7.05M | -7.18M | -6.41M |
| Net Margin % | -22.92% | -28.1% | -41.1% | -25.81% | -24.21% | -27.54% | -40.2% | -19.69% | -23.31% | -40.49% | -40.36% | -35.46% | -68.46% | -111.82% | -54.98% | -192.81% | -98.83% | -55.58% | -58.6% | -50.19% |
| Net Income Growth % | -5.73% | -24.25% | -40.95% | -49.66% | -11.67% | 32.51% | 7.15% | 40.83% | 56.3% | 61.17% | 33.12% | 65.82% | 25.16% | -103.52% | -12.77% | -128.78% | -65.44% | -104.26% | -66.64% | -90.6% |
| Net Income (Continuing) | -3.97M | -4.67M | -7.09M | -4.44M | -3.75M | -3.76M | -5.03M | -2.97M | -3.36M | -5.57M | -5.42M | -5.01M | -7.69M | -14.35M | -8.1M | -14.66M | -10.27M | -7.05M | -7.18M | -6.41M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.17 | -0.21 | -0.31 | -0.21 | -0.20 | -0.20 | -0.28 | -0.16 | -0.19 | -0.31 | -0.31 | -0.28 | -0.44 | -0.83 | -0.47 | -0.86 | -0.60 | -0.42 | -0.42 | -0.38 |
| EPS Growth % | 15% | -5% | -10.71% | -31.25% | -5.26% | 35.48% | 9.68% | 42.86% | 56.82% | 62.65% | 34.04% | 67.44% | 26.67% | -97.62% | -11.9% | -126.32% | -25% | -55.56% | -23.53% | -40.74% |
| EPS (Basic) | -0.17 | -0.21 | -0.31 | -0.21 | -0.20 | -0.20 | -0.28 | -0.16 | -0.19 | -0.31 | -0.31 | -0.28 | -0.44 | -0.83 | -0.47 | -0.86 | -0.60 | -0.42 | -0.42 | -0.38 |
| Diluted Shares Outstanding | 23.85M | 21.56M | 22.94M | 21.09M | 18.56M | 18.2M | 18.25M | 18.18M | 17.94M | 17.84M | 17.69M | 17.66M | 17.53M | 17.19M | 17.08M | 17.06M | 16.99M | 16.97M | 16.95M | 16.93M |
| Basic Shares Outstanding | 23.85M | 21.56M | 22.86M | 21.09M | 18.56M | 18.2M | 18.25M | 18.18M | 17.94M | 17.84M | 17.69M | 17.66M | 17.53M | 17.19M | 17.08M | 17.06M | 16.99M | 16.97M | 16.95M | 16.93M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |