Exagen (XGN) Gross Margin (2018 - 2026)
Exagen's (XGN) quarterly Gross Margin came in at 58.97% in Q1 2026, up 10.0% YoY from 53.61% in Q1 2025, and up 6.53% on a QoQ basis from 55.35% in Q4 2025.
Exagen (XGN) Gross Margin (2018 - 2026) Analysis & Trends
Exagen (XGN) has 9 years of Gross Margin data on file, last reported at 58.97% in Q1 2026.
- Quarterly Gross Margin rose 10.0% year-over-year to 58.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 58.32% (down 98.0% YoY) and the FY2025 annual result came in at 58.28%, down 123.0% from the prior year.
- Gross Margin rose to 58.97% in Q1 2026, from 55.35% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.08% in Q4 2024 to a low of 20.09% in Q2 2022.
- A 5-year average of 54.5% and a median of 58.72% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2022 — Gross Margin sank 3723 bps — and 2023, when it surged 3863 bps.
- Tracing XGN's Gross Margin over 5 years: stood at 50.85% in 2022, then increased by 16 bps to 59.17% in 2023, then gained by 5 bps to 62.08% in 2024, then declined by 11 bps to 55.35% in 2025, then rose by 7 bps to 58.97% in 2026.
- The last three Gross Margin figures came in at 58.97% (Q1 2026), 55.35% (Q4 2025), and 58.43% (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.88 Bn | 209.81 Bn | 8.34 Bn | 69.57% |
| 2 | Danaher | 140.65 Bn | 136.30 Bn | 3.61 Bn | 57.64% |
| 3 | Idexx Laboratories | 46.02 Bn | 45.83 Bn | 779.09 Mn | 64.04% |
| 4 | Agilent Technologies | 39.85 Bn | 38.05 Bn | 990.00 Mn | 53.95% |
| 5 | Iqvia Holdings | 39.20 Bn | 37.12 Bn | 1.44 Bn | 32.85% |
| 6 | Natera | 38.80 Bn | 37.70 Bn | 696.04 Mn | 99.91% |
| 7 | Illumina | 30.11 Bn | 28.94 Bn | 770.00 Mn | 66.44% |
| 8 | Mettler Toledo International | 28.66 Bn | 28.61 Bn | 650.22 Mn | 63.29% |
| 9 | Quest Diagnostics | 26.24 Bn | 25.61 Bn | 1.03 Bn | 33.75% |
| 10 | Exagen | 158.28 Mn | 133.68 Mn | 12.22 Mn | 61.27% |
Historic Data
Download 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% |