Xencor Reports First Quarter 2026 Financial Results
Xencor reported Q1 revenue of $4.5 million, down from $32.7 million in the prior year, citing the absence of milestone revenue and a $6.6 million reduction due to disputed royalties from Alexion. Despite the revenue decline, the company highlighted pipeline execution, including plans to present XmAb819 expansion data in 2H26 to support a pivotal study planned for 2027, and the initiation of a first-in-human study for XmAb412 in 3Q26.
Key figures
- Revenue
- 4516000
- Guidance
- FY26 cash $380M-$400M, runway into mid-2028
- Rd expenses
- 64669000
- Cash position
- 541770000
- Operating loss
- 77862000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.