Exagen (XGN) Operating Expenses (2018 - 2026)
Exagen's (XGN) quarterly Operating Expenses came in at $13.6 million in Q1 2026, up 9.06% YoY from $12.5 million in Q1 2025, and down 3.96% on a QoQ basis from $14.2 million in Q4 2025.
Exagen (XGN) Operating Expenses (2018 - 2026) Analysis & Trends
Exagen (XGN) has 9 years of Operating Expenses data on file, last reported at $13.6 million in Q1 2026.
- Quarterly Operating Expenses rose 9.06% year-over-year to $13.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $54.0 million (up 13.36% YoY) and the FY2025 annual result came in at $52.9 million, up 13.09% from the prior year.
- Operating Expenses declined to $13.6 million in Q1 2026, from $14.2 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $27.3 million in Q4 2022 to a low of -$4.2 million in Q4 2023.
- A 5-year average of $15.1 million and a median of $13.6 million in 2026 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses slumped 115.3% — and 2024, when it surged 383.73%.
- Tracing XGN's Operating Expenses over 5 years: stood at $27.3 million in 2022, then slumped by 115.3% to -$4.2 million in 2023, then surged by 383.73% to $11.9 million in 2024, then climbed by 19.57% to $14.2 million in 2025, then declined by 3.96% to $13.6 million in 2026.
- The last three Operating Expenses figures came in at $13.6 million (Q1 2026), $14.2 million (Q4 2025), and $13.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Thermo Fisher Scientific | 213.77 Bn | 209.71 Bn | 8.34 Bn | 9.91 Bn |
| 2 | Danaher | 139.78 Bn | 135.43 Bn | 3.61 Bn | 2.48 Bn |
| 3 | Idexx Laboratories | 46.04 Bn | 45.85 Bn | 779.09 Mn | 353.52 Mn |
| 4 | Agilent Technologies | 39.68 Bn | 37.88 Bn | 990.00 Mn | 1.44 Bn |
| 5 | Iqvia Holdings | 39.34 Bn | 37.26 Bn | 1.44 Bn | 637.00 Mn |
| 6 | Natera | 38.75 Bn | 37.65 Bn | 696.04 Mn | 790.16 Mn |
| 7 | Illumina | 29.90 Bn | 28.73 Bn | 770.00 Mn | 525.00 Mn |
| 8 | Mettler Toledo International | 28.58 Bn | 28.53 Bn | 650.22 Mn | 321.77 Mn |
| 9 | Quest Diagnostics | 26.18 Bn | 25.55 Bn | 1.03 Bn | 2.58 Bn |
| 10 | Exagen | 158.32 Mn | 133.72 Mn | 12.22 Mn | 13.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.94 Mn |
| 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 |