Exagen (XGN) EBITDA Margin (2018 - 2026)
Exagen (XGN) reported EBITDA Margin of -5.49% for Q2 2026, up 7.09 percentage points from -12.58% a year earlier and up 10.78 percentage points from the prior quarter.
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Analysis
Exagen (XGN) EBITDA Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Exagen's EBITDA Margin came in at -15.15%, up 5.75 percentage points year-over-year; for FY2025, it came in at -17.95%, up 3.46 percentage points from FY2024.
- EBITDA Margin has increased for three consecutive years, with a five-year change of +16.92 percentage points (FY2020 to FY2025).
- By year, EBITDA Margin came in at -21.41% in FY2024 (+17.92 pp), -39.33% in FY2023 (+58.32 pp), -97.65% in FY2022 (-49.79 pp) and -47.87% in FY2021 (-12.99 pp).
- The Q2 2026 figure ranks as the highest quarterly EBITDA Margin since Q4 2018.
- Year over year, EBITDA Margin gained in five of the last eight quarters, with an average year-over-year change of +4.56 percentage points.
- The high point for year-over-year EBITDA Margin in five years was Q2 2023 (a gain of 149.57 percentage points); the low point was Q2 2022 (a drop of 137.54 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at -16.27% (Q1 2026), -26.31% (Q4 2025) and -14.43% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 102.50 Bn | 98.51 Bn | - | 20.01% |
| 2 | Natera | 58.05 Bn | 53.74 Bn | 485.19 Mn | -7.25% |
| 3 | Labcorp Holdings | 26.39 Bn | 24.13 Bn | 1.11 Bn | 16.90% |
| 4 | Quest Diagnostics | 26.28 Bn | 24.41 Bn | 1.03 Bn | 19.88% |
| 5 | Tenet Healthcare | 22.71 Bn | 11.72 Bn | - | 30.60% |
| 6 | Guardant Health | 21.59 Bn | 17.65 Bn | 219.03 Mn | -35.69% |
| 7 | BrightSpring Health Services | 12.87 Bn | 11.21 Bn | 492.75 Mn | 4.51% |
| 8 | Fresenius Medical Care AG | 12.49 Bn | 4.44 Bn | 1.52 Bn | 16.93% |
| 9 | Encompass Health | 12.04 Bn | 11.70 Bn | - | 24.09% |
| 10 | Exagen | 179.30 Mn | 65.27 Mn | 12.22 Mn | -4.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -4.78% |
| Mar 31, 2026 | -15.50% |
| Dec 31, 2025 | -25.52% |
| Sep 30, 2025 | -13.70% |
| Jun 30, 2025 | -12.12% |
| Mar 31, 2025 | -18.60% |
| Dec 31, 2024 | -21.43% |
| Sep 30, 2024 | -33.64% |
| Jun 30, 2024 | -14.05% |
| Mar 31, 2024 | -17.40% |
| Dec 31, 2023 | -33.44% |
| Sep 30, 2023 | -32.98% |
| Jun 30, 2023 | -30.94% |
| Mar 31, 2023 | -63.32% |
| Dec 31, 2022 | -108.51% |
| Sep 30, 2022 | -49.82% |
| Jun 30, 2022 | -180.25% |
| Mar 31, 2022 | -90.03% |
| Dec 31, 2021 | -46.57% |
| Sep 30, 2021 | -50.42% |
API Access
Exagen EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=XGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "XGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=XGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();