Exagen (XGN) Research & Development (2018 - 2026)
Exagen (XGN) reported Research & Development of $1.6 million for Q1 2026, up 20.95% on a YoY basis from $1.3 million in Q1 2025, and down 11.61% quarter-over-quarter from $1.8 million in Q4 2025.
Exagen (XGN) Research & Development (2018 - 2026) Analysis & Trends
Exagen has reported Research & Development for 9 years, with the latest figure at $1.6 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 20.95% year-over-year to $1.6 million; the trailing twelve-month figure through Mar 2026 stood at $6.5 million (up 16.48% YoY), and the FY2025 full-year result was $6.3 million, up 16.35% from the prior year.
- Research & Development for Q1 2026 stood at $1.6 million, down from $1.8 million in the prior quarter.
- The five-year high for Research & Development was $2.7 million in Q4 2022, with the low at $1.1 million in Q1 2024.
- Historically, Research & Development has averaged $1.6 million across 5 years, with a median of $1.5 million in 2025.
- Annual changes were most pronounced in 2023 — Research & Development sank 60.16% — and 2024, when it soared 53.9%.
- Exagen's Research & Development stood at $2.7 million in 2022, then slumped by 60.16% to $1.1 million in 2023, then soared by 53.9% to $1.7 million in 2024, then gained by 6.1% to $1.8 million in 2025, then retreated by 11.61% to $1.6 million in 2026.
- The last three Research & Development figures came in at $1.6 million (Q1 2026), $1.8 million (Q4 2025), and $1.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Waters | 29,902.70 Bn | 29,902.24 Bn | 1.11 Bn | 96.00 Mn |
| 2 | Thermo Fisher Scientific | 175.99 Bn | 172.74 Bn | 7.74 Bn | 336.00 Mn |
| 3 | Danaher | 129.87 Bn | 124.18 Bn | 3.59 Bn | 387.00 Mn |
| 4 | Idexx Laboratories | 44.75 Bn | 44.55 Bn | 722.74 Mn | 65.79 Mn |
| 5 | Agilent Technologies | 37.52 Bn | 35.72 Bn | 990.00 Mn | 126.00 Mn |
| 6 | Iqvia Holdings | 30.91 Bn | 28.94 Bn | 1.36 Bn | - |
| 7 | Natera | 30.21 Bn | 29.11 Bn | 696.04 Mn | 210.70 Mn |
| 8 | Illumina | 24.19 Bn | 23.04 Bn | 721.00 Mn | 240.00 Mn |
| 9 | Mettler Toledo International | 23.12 Bn | 23.06 Bn | 555.82 Mn | 51.28 Mn |
| 10 | Exagen | 101.38 Mn | 79.87 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 |