Exagen (XGN) Research & Development (2018 - 2026)
Exagen (XGN) posted Research & Development of $1.6 million for Q1 2026, down 11.61% quarter-over-quarter from $1.8 million in Q4 2025, and up 20.95% year-on-year from $1.3 million in Q1 2025.
Exagen (XGN) Research & Development (2018 - 2026) Analysis & Trends
Exagen (XGN) has reported Research & Development for 9 consecutive years, with $1.6 million the latest figure, recorded in Q1 2026.
- Research & Development for Q1 2026 came in at $1.6 million, up 20.95% year-over-year; the trailing twelve-month figure through Mar 2026 was $6.5 million (up 16.48% YoY), and the FY2025 annual result was $6.3 million, up 16.35% from the prior year.
- Research & Development was $1.6 million for Q1 2026 at Exagen, down from $1.8 million in the prior quarter.
- Over five years, Research & Development peaked at $2.7 million in Q4 2022 and troughed at $1.1 million in Q1 2024.
- Average Research & Development over 5 years is $1.6 million, with a median of $1.5 million recorded in 2025.
- Year-over-year, Research & Development tumbled 60.16% in 2023 and surged 53.9% in 2024.
- Over 5 years, Research & Development stood at $2.7 million in 2022, then sank by 60.16% to $1.1 million in 2023, then soared by 53.9% to $1.7 million in 2024, then grew by 6.1% to $1.8 million in 2025, then dropped by 11.61% to $1.6 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $1.6 million in Q1 2026, $1.8 million in Q4 2025, and $1.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 31,055.11 Bn | 31,054.65 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 191.02 Bn | 187.77 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 137.16 Bn | 131.47 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 42.82 Bn | 42.62 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Natera | 39.09 Bn | 37.99 Bn | 696.04 Mn | 210.70 Mn |
| 6 | Agilent Technologies | 37.61 Bn | 35.81 Bn | 990.00 Mn | 126.00 Mn |
| 7 | Iqvia Holdings | 34.23 Bn | 32.25 Bn | 1.36 Bn | - |
| 8 | Illumina | 28.14 Bn | 26.98 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 26.40 Bn | 26.33 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Exagen | 112.36 Mn | 90.84 Mn | 10.21 Mn | 1.55 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.55 Mn |
| Dec 31, 2025 | 1.76 Mn |
| Sep 30, 2025 | 1.73 Mn |
| Jun 30, 2025 | 1.48 Mn |
| Mar 31, 2025 | 1.28 Mn |
| Dec 31, 2024 | 1.66 Mn |
| Sep 30, 2024 | 1.48 Mn |
| Jun 30, 2024 | 1.18 Mn |
| Mar 31, 2024 | 1.06 Mn |
| Dec 31, 2023 | 1.08 Mn |
| Sep 30, 2023 | 1.40 Mn |
| Jun 30, 2023 | 1.26 Mn |
| Mar 31, 2023 | 1.13 Mn |
| Dec 31, 2022 | 2.70 Mn |
| Sep 30, 2022 | 2.38 Mn |
| Jun 30, 2022 | 2.69 Mn |
| Mar 31, 2022 | 2.10 Mn |
| Dec 31, 2021 | 2.20 Mn |
| Sep 30, 2021 | 1.74 Mn |
| Jun 30, 2021 | 1.89 Mn |