Exagen (XGN) Operating Expenses (2018 - 2026)

Exagen (XGN) posted Operating Expenses of $13.6 million for Q1 2026, down 3.96% quarter-over-quarter from $14.2 million in Q4 2025, and up 9.06% year-on-year from $12.5 million in Q1 2025.

Exagen (XGN) Operating Expenses (2018 - 2026) Analysis & Trends

Exagen (XGN) has reported Operating Expenses for 9 consecutive years, with $13.6 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $13.6 million, up 9.06% year-over-year; the trailing twelve-month figure through Mar 2026 was $54.0 million (up 13.36% YoY), and the FY2025 annual result was $52.9 million, up 13.09% from the prior year.
  • Operating Expenses was $13.6 million for Q1 2026 at Exagen, down from $14.2 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $27.3 million in Q4 2022 and troughed at -$4.2 million in Q4 2023.
  • Average Operating Expenses over 5 years is $15.1 million, with a median of $13.6 million recorded in 2026.
  • Year-over-year, Operating Expenses plunged 115.3% in 2023 and jumped 383.73% in 2024.
  • Over 5 years, Operating Expenses stood at $27.3 million in 2022, then sank by 115.3% to -$4.2 million in 2023, then surged by 383.73% to $11.9 million in 2024, then rose by 19.57% to $14.2 million in 2025, then decreased by 3.96% to $13.6 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $13.6 million in Q1 2026, $14.2 million in Q4 2025, and $13.2 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Waters 31,055.11 Bn 31,054.65 Bn 1.11 Bn 1.31 Bn
2 Thermo Fisher Scientific 191.02 Bn 187.77 Bn 7.74 Bn 9.14 Bn
3 Danaher 137.16 Bn 131.47 Bn 3.59 Bn 2.25 Bn
4 Idexx Laboratories 42.82 Bn 42.62 Bn 722.74 Mn 360.15 Mn
5 Natera 39.09 Bn 37.99 Bn 696.04 Mn 790.16 Mn
6 Agilent Technologies 37.61 Bn 35.81 Bn 990.00 Mn 1.44 Bn
7 Iqvia Holdings 34.23 Bn 32.25 Bn 1.36 Bn 553.00 Mn
8 Illumina 28.14 Bn 26.98 Bn 721.00 Mn 512.00 Mn
9 Mettler Toledo International 26.40 Bn 26.33 Bn 555.82 Mn 316.87 Mn
10 Exagen 112.36 Mn 90.84 Mn 10.21 Mn 13.62 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 13.62 Mn
Dec 31, 2025 14.18 Mn
Sep 30, 2025 13.18 Mn
Jun 30, 2025 13.03 Mn
Mar 31, 2025 12.49 Mn
Dec 31, 2024 11.86 Mn
Sep 30, 2024 11.64 Mn
Jun 30, 2024 11.64 Mn
Mar 31, 2024 11.60 Mn
Dec 31, 2023 -4.18 Mn
Sep 30, 2023 18.49 Mn
Jun 30, 2023 19.05 Mn
Mar 31, 2023 18.94 Mn
Dec 31, 2022 27.33 Mn
Sep 30, 2022 22.54 Mn
Jun 30, 2022 21.67 Mn
Mar 31, 2022 20.07 Mn
Dec 31, 2021 18.94 Mn
Sep 30, 2021 18.76 Mn
Jun 30, 2021 18.51 Mn