Xencor (XNCR) Operating Expenses (2013 - 2026)

Xencor's (XNCR) quarterly Operating Expenses came in at $82.4 million in Q1 2026, up 8.51% year-on-year from $75.9 million in Q1 2025, and up 0.63% on a QoQ basis 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.

  • On a quarterly basis, Operating Expenses rose 8.51% year-over-year to $82.4 million in Q1 2026; TTM through Mar 2026 was $309.5 million, a 5.23% increase from a year earlier, with the FY2025 full-year figure at $303.1 million, up 4.91% from the prior year.
  • Operating Expenses for Q1 2026 stood at $82.4 million, up from $81.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for XNCR reached as high as $82.4 million in Q1 2026 and fell as low as $58.2 million in Q2 2022.
  • Historically, Operating Expenses has averaged $72.3 million across 5 years, with a median of $73.0 million in 2024.
  • Across the five-year window, Operating Expenses jumped 32.69% in 2023 and fell 17.22% in 2024, its largest moves.
  • Year by year, Operating Expenses stood at $64.2 million in 2022, then advanced by 24.13% to $79.7 million in 2023, then decreased by 17.22% to $66.0 million in 2024, then rose by 24.09% to $81.9 million in 2025, then advanced by 0.63% to $82.4 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $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 Oculis Holding AG 67,072.09 Bn 67,072.09 Bn - -28.01 Mn
2 Nanobiotix 1,894.61 Bn 1,894.55 Bn - -
3 Akari Therapeutics 1,014.18 Bn 1,014.18 Bn - 15.76 Mn
4 BeOne Medicines 471.64 Bn 466.85 Bn 1.35 Bn 1.10 Bn
5 Vertex Pharmaceuticals 121.72 Bn 114.47 Bn 2.59 Bn 1.85 Bn
6 Regeneron Pharmaceuticals 68.28 Bn 59.52 Bn 3.31 Bn 2.96 Bn
7 Belite Bio 61.40 Bn 61.40 Bn - 32.68 Mn
8 Argenx Se 56.94 Bn 56.94 Bn 1.18 Bn -919.00 Mn
9 Revolution Medicines 37.37 Bn 37.37 Bn - 445.22 Mn
10 Xencor 1.47 Bn 1.09 Bn - 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