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| Date | Value |
|---|---|
| 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 |