Exagen Inc. financials
Source: EDGAR filings · Built 2026-06-02T04:26:28Z
Custom taxonomy namespace:
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Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -14.76M | -14.28M | -15.99M | -37.13M | -23.16M | -14.79M |
| EBITDA | -11.97M | -11.94M | -20.64M | -44.45M | -23.17M | -14.69M |
| Working Capital | 34.73M | 22.95M | 35.94M | 62.99M | 103.42M | 61.75M |
| Net Debt | -4.55M | 1.33M | -12.41M | -26.34M | -71.38M | -30.79M |
| Gross Margin | 58.28% | 59.51% | 56.06% | 46.86% | 57.37% | 60.55% |
| Operating Margin | -21.13% | -24.51% | -43.46% | -101.07% | -49.83% | -36.18% |
| Net Margin | -29.97% | -27.17% | -45.08% | -104.00% | -55.59% | -39.75% |
| Return on Equity (ROE) | -114.34% | -158.44% | -104.38% | -111.60% | -31.61% | -39.88% |
| Return on Assets (ROA) | -34.39% | -33.82% | -41.60% | -54.96% | -21.75% | -21.29% |
| Current Ratio | 3.45× | 2.70× | 4.02× | 7.55× | 12.10× | 8.04× |
| Debt-to-Equity | 1.59× | 2.45× | 1.06× | 0.85× | 0.33× | 0.64× |
| Cash Conversion Ratio | 0.68× | 0.88× | 0.61× | 0.68× | 0.75× | 0.84× |
| Accruals Ratio | -0.11× | -0.04× | -0.16× | -0.18× | -0.05× | -0.03× |
| SBC % of Revenue | 3.24% | 3.17% | 6.88% | 10.32% | 9.79% | 6.42% |
| CapEx Coverage | -12.00× | -13.21× | -9.48× | -6.45× | -7.00× | -20.01× |
| Free Cash Flow Per Share | $-0.68 | $-0.78 | $-0.90 | $-2.17 | $-1.45 | $-1.17 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 66.58M | 55.64M | 52.55M | 45.56M | 48.30M | 41.98M |
| Cost of Goods and Services Sold | 27.78M | 22.53M | 23.09M | 24.21M | 20.59M | 16.56M |
| Gross Profit | 38.80M | 33.11M | 29.46M | — | — | — |
| Research and Development Expense | 6.25M | 5.38M | 4.87M | 9.88M | 7.24M | 3.57M |
| Selling, General and Administrative Expense | 46.62M | 41.37M | 47.43M | 52.02M | 44.54M | 37.03M |
| Operating Income (Loss) | -14.07M | -13.64M | -22.84M | -46.05M | -24.07M | -15.19M |
| Income Tax Expense (Benefit) | 51.00K | 12.00K | 33.00K | -282.00K | 175.00K | -79.00K |
| Net Income (Loss) Attributable to Parent | -19.95M | -15.12M | -23.69M | -47.39M | -26.85M | -16.69M |
| Earnings Per Share, Basic | $-0.93 | $-0.83 | $-1.34 | $-2.77 | $-1.68 | $-1.32 |
| Weighted Average Number of Shares Outstanding, Basic | 21.56M | 18.20M | 17.68M | 17.08M | 15.97M | 12.63M |
| Earnings Per Share, Diluted | $-0.93 | $-0.83 | $-1.34 | $-2.77 | $-1.68 | $-1.32 |
| Weighted Average Number of Shares Outstanding, Diluted | 21.56M | 18.20M | 17.68M | 17.08M | 15.97M | 12.63M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 32.22M | 22.04M | 36.49M | 62.39M | 99.44M | 57.45M |
| Assets, Current | 48.89M | 36.45M | 47.84M | 72.61M | 112.73M | 70.52M |
| Assets | 58.02M | 44.69M | 56.94M | 86.22M | 123.44M | 78.38M |
| Long-term Debt | 22.91M | 20.25M | 19.50M | 28.97M | 27.48M | 26.66M |
| Liabilities, Current | 14.16M | 13.51M | 11.90M | 9.62M | 9.32M | 8.77M |
| Long-term Debt, Excluding Current Maturities | 22.26M | 19.82M | 19.23M | 28.78M | 27.48M | 26.66M |
| Liabilities | 40.57M | 35.15M | 34.25M | 43.76M | 38.51M | 36.54M |
| Stockholders' Equity Attributable to Parent | 17.45M | 9.54M | 22.69M | 42.46M | 84.94M | 41.84M |
| Common Stock, Shares, Outstanding | 22.91M | 17.64M | 17.05M | 16.55M | 16.16M | 12.65M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -13.63M | -13.28M | -14.46M | -32.14M | -20.27M | -14.08M |
| Payments to Acquire Property, Plant, and Equipment | 641.00K | 515.00K | 828.00K | 4.32M | 2.37M | 455.00K |
| Net Cash Provided by (Used in) Investing Activities | -626.00K | -515.00K | -804.00K | -4.32M | -2.42M | -455.00K |
| Net Cash Provided by (Used in) Financing Activities | 24.43M | -663.00K | -10.63M | -489.00K | 64.68M | -97.00K |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -10.83M | -3.24M | -11.52M | -14.02M | -10.87M | 106.00K |
| EBITDA | -2.81M | -4.38M | -2.50M | -2.13M | -2.96M | -2.98M |
| Working Capital | 31.02M | 34.73M | 39.70M | 40.69M | 18.51M | 22.95M |
| Net Debt | 5.63M | -4.55M | -7.86M | -4.83M | 12.24M | 1.33M |
| Gross Margin | 58.97% | 55.35% | 58.43% | 60.43% | 58.87% | 62.08% |
| Operating Margin | -19.73% | -29.91% | -17.98% | -15.29% | -21.71% | -24.77% |
| Net Margin | -22.92% | -28.10% | -41.10% | -25.81% | -24.21% | -27.54% |
| Return on Equity (ROE) | -27.49% | -26.78% | -39.07% | -21.10% | -58.60% | -39.42% |
| Return on Assets (ROA) | -7.64% | -8.05% | -11.28% | -7.55% | -9.31% | -8.42% |
| Current Ratio | 3.47× | 3.45× | 4.08× | 4.95× | 2.32× | 2.70× |
| Debt-to-Equity | 1.88× | 1.59× | 1.53× | 1.20× | 3.66× | 2.45× |
| Cash Conversion Ratio | 2.63× | 0.64× | 1.50× | 3.05× | 2.84× | -0.10× |
| Accruals Ratio | 0.12× | -0.03× | 0.06× | 0.16× | 0.17× | -0.09× |
| SBC % of Revenue | 3.78% | 4.24% | 8.43% | 5.00% | 2.69% | 3.17% |
| CapEx Coverage | -24.98× | -13.39× | -11.66× | -29.41× | -52.57× | 1.41× |
| Free Cash Flow Per Share | $-0.45 | $-0.15 | $-0.50 | $-0.66 | $-0.59 | $0.01 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 17.31M | 16.63M | 17.24M | 17.20M | 15.50M | 13.65M |
| Cost of Goods and Services Sold | 7.10M | 7.42M | 7.17M | 6.81M | 6.38M | 5.18M |
| Gross Profit | 10.21M | 9.21M | 10.07M | 10.39M | 9.12M | 8.48M |
| Research and Development Expense | 1.55M | 1.76M | 1.73M | 1.48M | 1.28M | 1.66M |
| Selling, General and Administrative Expense | 12.07M | 12.42M | 11.45M | 11.54M | 11.20M | 10.20M |
| Operating Income (Loss) | -3.41M | -4.97M | -3.10M | -2.63M | -3.37M | -3.38M |
| Income Tax Expense (Benefit) | 36.00K | 13.00K | 1.00K | 37.00K | 0 | 12.00K |
| Net Income (Loss) Attributable to Parent | -3.97M | -4.67M | -7.09M | -4.44M | -3.75M | -3.76M |
| Earnings Per Share, Basic | $-0.17 | $-0.20 | $-0.31 | $-0.21 | $-0.20 | $-0.20 |
| Weighted Average Number of Shares Outstanding, Basic | 23.85M | 21.56M | 22.94M | 21.09M | 18.56M | 18.20M |
| Earnings Per Share, Diluted | $-0.17 | $-0.20 | $-0.31 | $-0.21 | $-0.20 | $-0.20 |
| Weighted Average Number of Shares Outstanding, Diluted | 23.85M | 21.56M | 22.94M | 21.09M | 18.56M | 18.20M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 21.51M | 32.22M | 35.65M | 30.03M | 11.19M | 22.04M |
| Assets, Current | 43.58M | 48.89M | 52.59M | 50.99M | 32.51M | 36.45M |
| Assets | 51.96M | 58.02M | 62.82M | 58.76M | 40.29M | 44.69M |
| Long-term Debt | 22.87M | 22.91M | 22.94M | 22.98M | 20.94M | 20.25M |
| Liabilities, Current | 12.56M | 14.16M | 12.89M | 10.29M | 13.99M | 13.51M |
| Long-term Debt, Excluding Current Maturities | 22.29M | 22.26M | 22.26M | 22.31M | 18.41M | 19.82M |
| Liabilities | 37.52M | 40.57M | 44.69M | 37.73M | 33.89M | 35.15M |
| Stockholders' Equity Attributable to Parent | 14.43M | 17.45M | 18.14M | 21.03M | 6.40M | 9.54M |
| Common Stock, Shares, Outstanding | 24.09M | 22.91M | 22.51M | 22.00M | 17.95M | 17.64M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -10.42M | -3.01M | -10.61M | -13.56M | -10.67M | 363.00K |
| Payments to Acquire Property, Plant, and Equipment | 228.00K | 44.00K | 597.00K | 322.00K | 113.00K | 146.00K |
| Net Cash Provided by (Used in) Investing Activities | -228.00K | -35.00K | -591.00K | -316.00K | -107.00K | -146.00K |
| Net Cash Provided by (Used in) Financing Activities | -62.00K | -384.00K | 24.82M | 21.87M | -64.00K | -216.00K |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (XGN CIK 0001274737),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.