EXAGEN INC.
For the period ended Dec 31, 2025. Filed Mar 10, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 10, 2026
XGN$5.26-25.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 202 and
Balance Sheets
(in thousands, except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $32,220 | $22,036 |
| Accounts receivable, net | 10,855 | 7,835 |
| Prepaid expenses and other current assets | 5,818 | 6,584 |
| Total current assets | 48,893 | 36,455 |
| Property and equipment, net | 6,938 | 5,283 |
| Operating lease right-of-use assets | 1,435 | 2,401 |
| Other assets | 756 | 550 |
| Total assets | $58,022 | $44,689 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities: | ||
| Accounts payable | $4,153 | $4,137 |
| Accrued and other current liabilities | 6,327 | 6,916 |
| Deferred revenue | 675 | 733 |
| Finance lease liabilities, current | 1,135 | 201 |
| Operating lease liabilities, current | 1,226 | 1,096 |
| Borrowings, current | 643 | 423 |
| Total current liabilities | 14,159 | 13,506 |
| Borrowings, non-current, net of discounts and debt issuance costs | 22,264 | 19,822 |
| Finance lease liabilities, non-current | 1,960 | 157 |
| Operating lease liabilities, non-current | 438 | 1,664 |
| Warrant liability | 1,752 | — |
| Total liabilities | 40,573 | 35,149 |
| Commitments and contingencies (Note 6) | ||
| Stockholders' equity: | ||
| Preferred stock, $0.001 par value per share; 10,000,000 shares authorized, no shares issued or outstanding at December 31, 2025 and December 31, 2024 | — | — |
| Common stock, $0.001 par value per share; 200,000,000 shares authorized at December 31, 2025 and December 31, 2024; 22,911,575 and 17,640,328 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | 23 | 18 |
| Additional paid-in capital | 331,708 | 303,853 |
| Accumulated deficit | (314,282) | (294,331) |
| Total stockholders' equity | 17,449 | 9,540 |
| Total liabilities and stockholders' equity | $58,022 | $44,689 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.