Xencor Inc
For the period ended Sep 30, 2025. Filed Nov 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 5, 2025
XNCR$39.39+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts)
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| Collaborations, milestones, and royalties | $20,999 | $17,796 | $97,339 | $57,700 |
| Operating expenses: | ||||
| Research and development | 54,367 | 58,226 | 174,610 | 176,630 |
| General and administrative | 14,151 | 14,767 | 46,603 | 46,300 |
| Total operating expenses | 68,518 | 72,993 | 221,213 | 222,930 |
| Operating loss | (47,519) | (55,197) | (123,874) | (165,230) |
| Other income (expense): | ||||
| Interest income | 6,538 | 7,537 | 21,324 | 23,766 |
| Interest expense | (7,665) | (9,026) | (24,573) | (27,984) |
| Gain (loss) on marketable equity securities, net | 44,201 | 9,254 | 50,109 | (448) |
| Asset impairment charges | (1,565) | — | (8,288) | (20,430) |
| Other, net | (17) | (10) | (65) | (14) |
| Total other income (expense) | 41,492 | 7,755 | 38,507 | (25,110) |
| Loss before income tax expense and noncontrolling interest | (6,027) | (47,442) | (85,367) | (190,340) |
| Income tax expense | — | — | 117 | — |
| Net loss including noncontrolling interest | (6,027) | (47,442) | (85,484) | (190,340) |
| Net loss attributable to noncontrolling interest | — | (1,154) | (214) | (3,275) |
| Net loss attributable to Xencor, Inc. | $(6,027) | $(46,288) | $(85,270) | $(187,065) |
| Net loss per share attributable to Xencor, Inc. (basic and diluted) | $(0.08) | $(0.72) | $(1.15) | $(3.00) |
| Weighted-average shares used in calculating net loss per share (basic and diluted) | 74,413 | 64,023 | 74,122 | 62,310 |
| Other comprehensive income, net of tax: | ||||
| Net unrealized gain on marketable debt securities | 900 | 2,452 | 1,821 | 510 |
| Comprehensive loss | $(5,127) | $(44,990) | $(83,663) | $(189,830) |
| Less: comprehensive loss attributable to the noncontrolling interest | — | (1,154) | (214) | (3,275) |
| Comprehensive loss attributable to Xencor, Inc. | $(5,127) | $(43,836) | $(83,449) | $(186,555) |
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