Xencor Q2 2026 revenue rises to $51.2 million; net loss narrows to $21.7 million
Xencor reported second-quarter 2026 revenue of $51.2 million, up from $43.6 million a year earlier, and a net loss of $21.7 million, or $(0.29) per share, versus a $30.8 million loss, or $(0.41) per share, in the same period of 2025. The quarter included $27.6 million of royalty revenue from a settlement with Alexion, and the company expects to end 2026 with $420 million to $440 million in cash and marketable debt securities, down from $610.8 million at December 31, 2025.
Key points
- Q2 2026 revenue was $51.2 million versus $43.6 million in Q2 2025; it included $27.6 million of Alexion settlement royalty revenue.
- Net loss attributable to Xencor was $21.7 million, or $(0.29) per share, versus $30.8 million, or $(0.41) per share, a year earlier.
- Research and development expenses rose to $71.9 million from $61.7 million, while other income, net, was $15.1 million, largely from unrealized gains on an equity security.
- Cash, cash equivalents and marketable debt securities were $486.4 million at June 30, 2026; year-end 2026 guidance is $420 million to $440 million.
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.