Exagen (XGN) Gross Margin (2018 - 2026)
Exagen's Gross Margin came in at 61.27% for Q2 2026, up 0.84 percentage points from 60.43% a year earlier and up 2.30 percentage points from the prior quarter.
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Analysis
Exagen (XGN) Gross Margin (2018 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Exagen reported Gross Margin of 58.64%, down 0.78 percentage points year-over-year; for FY2025, it came in at 58.28%, down 1.23 percentage points from FY2024.
- Gross Margin carries a five-year change of -2.27 percentage points (FY2020 to FY2025).
- Going back by year, Gross Margin was 59.51% in FY2024 (+3.45 pp), 56.06% in FY2023 (+9.20 pp), 46.86% in FY2022 (-10.52 pp) and 57.37% in FY2021 (-3.18 pp).
- The Q2 2026 figure represents the highest quarterly Gross Margin since Q4 2024.
- Year-over-year, Gross Margin increased in five of the last eight quarters, with an average year-over-year change of -0.29 percentage points.
- The fastest year-over-year change in Gross Margin over five years came in Q2 2023 (a gain of 38.63 percentage points), and the weakest in Q2 2022 (a drop of 37.23 percentage points).
- Business Quant data shows XGN's Gross Margin at 58.97% (Q1 2026), 55.35% (Q4 2025) and 58.43% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 64.46% |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | 33.75% |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | 29.80% |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 65.39% |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 64.45% |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | 32.70% |
| 10 | Exagen | 205.16 Mn | 91.12 Mn | 12.22 Mn | 61.27% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 61.27% |
| 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% |
API Access
Exagen Gross 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=gross-margin&ticker=XGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=XGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();