Xencor (XNCR) Operating Expenses (2013 - 2026)

Xencor (XNCR) reported Operating Expenses of $82.4 million for Q1 2026, up 8.51% year-over-year from $75.9 million in Q1 2025, and up 0.63% quarter-over-quarter from $81.9 million in Q4 2025.

Xencor (XNCR) Operating Expenses (2013 - 2026) Analysis & Trends

Xencor (XNCR) has 14 years of Operating Expenses data on file, last reported at $82.4 million in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $82.4 million, up 8.51% year-over-year; the trailing twelve-month figure through Mar 2026 was $309.5 million (up 5.23% YoY), and the FY2025 annual result was $303.1 million, up 4.91% from the prior year.
  • Operating Expenses grew to $82.4 million in Q1 2026 per XNCR's latest filing, from $81.9 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $82.4 million in Q1 2026 and troughed at $58.2 million in Q2 2022.
  • A 5-year average of $72.3 million and a median of $73.0 million in 2024 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2023 and 2024: Operating Expenses soared 32.69% in 2023, then decreased 17.22% in 2024.
  • A 5-year view of Operating Expenses shows it stood at $64.2 million in 2022, then increased by 24.13% to $79.7 million in 2023, then declined by 17.22% to $66.0 million in 2024, then climbed by 24.09% to $81.9 million in 2025, then increased by 0.63% to $82.4 million in 2026.
  • Business Quant data shows XNCR's Operating Expenses at $82.4 million in Q1 2026, $81.9 million in Q4 2025, and $68.5 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Alterity Therapeutics 925,601.88 Bn 925,601.85 Bn - 4.33 Mn
2 Belite Bio 58,560.00 Bn 58,560.00 Bn - 32.68 Mn
3 Quantum Biopharma 17,284.41 Bn 17,284.40 Bn - 2.97 Mn
4 Legend Biotech 2,809.00 Bn 2,808.71 Bn 242.10 Mn -138.30 Mn
5 Evaxion A 1,334.43 Bn 1,334.42 Bn - -3.82 Mn
6 Akari Therapeutics 1,312.27 Bn 1,312.26 Bn - 15.76 Mn
7 Psyence Biomedical 212.16 Bn 212.16 Bn - 574,669.00
8 Vertex Pharmaceuticals 114.83 Bn 107.58 Bn 2.59 Bn 1.85 Bn
9 Abivax 91.96 Bn 91.96 Bn - -67.40 Mn
10 Xencor 953.38 Mn 878.64 Mn - 82.38 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 82.38 Mn
Dec 31, 2025 81.87 Mn
Sep 30, 2025 68.52 Mn
Jun 30, 2025 76.78 Mn
Mar 31, 2025 75.92 Mn
Dec 31, 2024 65.97 Mn
Sep 30, 2024 72.99 Mn
Jun 30, 2024 79.28 Mn
Mar 31, 2024 70.66 Mn
Dec 31, 2023 79.70 Mn
Sep 30, 2023 77.43 Mn
Jun 30, 2023 71.52 Mn
Mar 31, 2023 78.33 Mn
Dec 31, 2022 64.20 Mn
Sep 30, 2022 65.65 Mn
Jun 30, 2022 58.18 Mn
Mar 31, 2022 59.03 Mn
Dec 31, 2021 62.36 Mn
Sep 30, 2021 60.98 Mn
Jun 30, 2021 58.36 Mn