XNCR
Xencor, Inc.16.55
-0.24-1.43%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
1.18BP/E (TTM)
-Basic EPS (TTM)
-1.73Dividend Yield
0%Recent Filings
8-K
Genentech terminates Xencor deal
Xencor received Genentech's termination notice for their collaboration and license agreement on March 4, 2026, effective September 4, 2026, after Roche dropped efbalropendekin alfa from its pipeline. Xencor had already opted out of co-development in early 2024, handing sole responsibility to Genentech. Termination stings, but was expected.
8-K
Alexion halts U.S. Ultomiris royalties
Alexion claims no more U.S. royalties owed on Ultomiris sales under Xencor's license agreement, halting future payments despite Xencor's U.S. Patent 12,492,253 and prior $100-$120M forecast through 2028; ex-U.S. royalties continue. Xencor disputes this and eyes options. Cash ends 2026 at $380M-$400M, funding ops to mid-2028. Dispute unresolved.
8-K
Xencor Q4 results, pipeline updates
Xencor reported Q4 and full-year 2025 results on February 25, 2026, posting $125.6M revenue, up from $110.5M, yet a $91.9M net loss versus $232.6M last year, thanks to $87.9M other income. Cash sits at $610.8M, funding ops through 2028. Pipeline advances: XmAb819 dose expansions open in CRC, NSCLC, pRCC; Phase 3 data eyed 2H26.
10-K
FY2025 results
Xencor posted FY2025 net loss of $91.9M on $125.6M revenue, up 14% y/y from $110.5M, driven by $80.3M royalties—$70.1M non-cash from Ultomiris, $10.2M from Monjuvi—plus $45.3M milestones including $37.5M from Incyte's Monjuvi approval and $30.0M Amgen Phase 3 start (received Jan 2025). R&D rose 5% to $239.4M as XmAb819 (ENPP3xCD3) spend doubled to $23.1M on Phase 1 expansion, while XmAb657 and XmAb412 ramped; wind-down costs fell to $17.2M. Q4 saw XmAb657 Phase 1 start, plamotamab RA proof-of-concept dosing, and Mabgeek $1.8M milestone (Q1 2026 receivable). Cash fell to $610.8M from $706.7M, runway through 2028; no dividends, buybacks, or capex shifts noted. Patent expiry risks loom for key Fc tech.
8-K
Xencor cash $611M through 2028
Xencor reported preliminary cash of $611 million as of December 31, 2025, down from $706.7 million a year earlier, yet sufficient to fund R&D and operations through 2028. The company outlined 2026 milestones, including new data for XmAb819 and XmAb541 T-cell engagers, plamotamab updates in RA, and first-in-human for XmAb412 in IBD. Cash burn reflects pipeline momentum.
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