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
DateValue
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