Exagen (XGN) Research & Development (2018 - 2026)
Exagen (XGN) posted Research & Development of $1.43 million for Q2 2026, down 3.8% from $1.48 million a year earlier and down 8.2% from the prior quarter.
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Analysis
Exagen (XGN) Research & Development (2018 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Exagen was $6.47 million, up 9.5% year-over-year; for FY2025, it was $6.25 million, up 16.4% from FY2024.
- Annual Research & Development shows a five-year compound annual growth rate of 11.9% (FY2020 to FY2025).
- In prior years, Exagen's Research & Development was $5.38 million in FY2024 (+10.5%), $4.87 million in FY2023 (-50.7%), $9.88 million in FY2022 (+36.5%) and $7.24 million in FY2021 (+102.8%).
- The Q2 2026 figure stands as the lowest quarterly Research & Development since Q1 2025.
- On a year-over-year basis, Research & Development increased in seven of the last eight quarters, with growth averaging 18.3%.
- The strongest year-over-year quarter for Research & Development in the past five years was Q4 2021, with growth of 89.0%; the weakest was Q4 2023, with a decline of 60.2%.
- According to Business Quant data, Research & Development for the three prior quarters was $1.55 million (Q1 2026), $1.76 million (Q4 2025) and $1.73 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 94.29 Bn | 93.74 Bn | - | - |
| 2 | Natera | 59.14 Bn | 54.82 Bn | 485.19 Mn | 228.07 Mn |
| 3 | Quest Diagnostics | 26.23 Bn | 24.66 Bn | 1.03 Bn | - |
| 4 | Labcorp Holdings | 25.04 Bn | 22.81 Bn | 1.11 Bn | - |
| 5 | Guardant Health | 23.69 Bn | 19.76 Bn | 219.03 Mn | 96.53 Mn |
| 6 | Tenet Healthcare | 20.77 Bn | 11.92 Bn | - | - |
| 7 | Tempus AI | 14.91 Bn | 11.94 Bn | 246.50 Mn | 52.64 Mn |
| 8 | Encompass Health | 12.24 Bn | 12.70 Bn | - | - |
| 9 | Davita | 11.39 Bn | 10.15 Bn | 1.16 Bn | - |
| 10 | Exagen | 205.16 Mn | 91.12 Mn | 12.22 Mn | 1.43 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.43 Mn |
| 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 |
API Access
Exagen Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=XGN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "XGN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=XGN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();