Exagen (XGN) Gross Margin (2018 - 2026)
Exagen (XGN) reported Gross Margin of 58.97% for Q1 2026, up 10.0% on a YoY basis from 53.61% in Q1 2025, and up 6.53% quarter-over-quarter from 55.35% in Q4 2025.
Exagen (XGN) Gross Margin (2018 - 2026) Analysis & Trends
Exagen has reported Gross Margin for 9 years, with the latest figure at 58.97% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 10.0% year-over-year to 58.97%; the trailing twelve-month figure through Mar 2026 stood at 58.32% (down 98.0% YoY), and the FY2025 full-year result was 58.28%, down 123.0% from the prior year.
- Gross Margin for Q1 2026 stood at 58.97%, up from 55.35% in the prior quarter.
- The five-year high for Gross Margin was 62.08% in Q4 2024, with the low at 20.09% in Q2 2022.
- Historically, Gross Margin has averaged 54.5% across 5 years, with a median of 58.72% in 2023.
- Annual changes were most pronounced in 2022 — Gross Margin sank 3723 bps — and 2023, when it surged 3863 bps.
- Exagen's Gross Margin 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 30,529.42 Bn | 30,528.96 Bn | 1.11 Bn | 87.77% |
| 2 | Thermo Fisher Scientific | 183.75 Bn | 180.50 Bn | 7.74 Bn | 70.37% |
| 3 | Danaher | 133.13 Bn | 127.43 Bn | 3.59 Bn | 60.34% |
| 4 | Idexx Laboratories | 46.14 Bn | 45.94 Bn | 722.74 Mn | 63.35% |
| 5 | Agilent Technologies | 38.20 Bn | 36.39 Bn | 990.00 Mn | 53.95% |
| 6 | Natera | 31.50 Bn | 30.40 Bn | 696.04 Mn | 99.91% |
| 7 | Iqvia Holdings | 31.34 Bn | 29.36 Bn | 1.36 Bn | 32.64% |
| 8 | Illumina | 24.51 Bn | 23.36 Bn | 721.00 Mn | 66.09% |
| 9 | Mettler Toledo International | 23.53 Bn | 23.47 Bn | 555.82 Mn | 58.68% |
| 10 | Exagen | 102.82 Mn | 81.30 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% |