Exagen (XGN) Gross Margin (2018 - 2026)
Exagen (XGN) posted Gross Margin of 58.97% for Q1 2026, up 6.53% quarter-over-quarter from 55.35% in Q4 2025, and up 10.0% year-on-year from 53.61% in Q1 2025.
Exagen (XGN) Gross Margin (2018 - 2026) Analysis & Trends
Exagen (XGN) has reported Gross Margin for 9 consecutive years, with 58.97% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 58.97%, up 10.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 58.32% (down 98.0% YoY), and the FY2025 annual result was 58.28%, down 123.0% from the prior year.
- Gross Margin was 58.97% for Q1 2026 at Exagen, up from 55.35% in the prior quarter.
- Over five years, Gross Margin peaked at 62.08% in Q4 2024 and troughed at 20.09% in Q2 2022.
- Average Gross Margin over 5 years is 54.5%, with a median of 58.72% recorded in 2023.
- Year-over-year, Gross Margin tumbled 3723 bps in 2022 and jumped 3863 bps in 2023.
- Over 5 years, Gross Margin stood at 50.85% in 2022, then advanced by 16 bps to 59.17% in 2023, then grew by 5 bps to 62.08% in 2024, then decreased by 11 bps to 55.35% in 2025, then climbed by 7 bps to 58.97% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 58.97% in Q1 2026, 55.35% in Q4 2025, and 58.43% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 63.35% |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 99.91% |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 53.95% |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 58.68% |
| 10 | Exagen | 112.36 Mn | 90.84 Mn | 10.21 Mn | 58.97% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 58.97% |
| Dec 31, 2025 | 55.35% |
| Sep 30, 2025 | 58.43% |
| Jun 30, 2025 | 60.43% |
| Mar 31, 2025 | 58.87% |
| Dec 31, 2024 | 62.08% |
| Sep 30, 2024 | 55.82% |
| Jun 30, 2024 | 60.12% |
| Mar 31, 2024 | 59.65% |
| Dec 31, 2023 | 59.17% |
| Sep 30, 2023 | 57.44% |
| Jun 30, 2023 | 58.72% |
| Mar 31, 2023 | 47.23% |
| Dec 31, 2022 | 50.85% |
| Sep 30, 2022 | 59.19% |
| Jun 30, 2022 | 20.09% |
| Mar 31, 2022 | 44.04% |
| Dec 31, 2021 | 61.08% |
| Sep 30, 2021 | 55.21% |
| Jun 30, 2021 | 57.32% |