Xencor Inc
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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FY2025 · Filed Feb 25, 2026
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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Item 8. Consolidated Balance Sheets
(in thousands, except per share amounts)
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $54,073 | $40,875 |
| Marketable debt securities | 381,158 | 408,971 |
| Marketable equity securities | 112,502 | 47,929 |
| Accounts receivable | 29,299 | 60,849 |
| Prepaid expenses and other current assets | 22,789 | 18,977 |
| Total current assets | 599,821 | 577,601 |
| Restricted cash | 289 | 387 |
| Marketable debt securities - long term | 175,602 | 256,833 |
| Property and equipment, net | 53,308 | 59,800 |
| Right-of-use assets | 37,592 | 38,341 |
| Patents, licenses, and other intangible assets, net | 8,385 | 18,485 |
| Other assets | 498 | 498 |
| Total assets | $875,495 | $951,945 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Accounts payable | $10,828 | $16,759 |
| Accrued expenses | 34,960 | 19,217 |
| Income tax payable | 3,589 | — |
| Lease liabilities | 3,263 | 3,009 |
| Liabilities related to the sales of future royalties | 43,267 | 48,447 |
| Total current liabilities | 95,907 | 87,432 |
| Long-term tax liabilities | 2,784 | 9,990 |
| Lease liabilities, net of current portion | 64,735 | 65,338 |
| Liabilities related to the sales of future royalties, net of current portion | 76,482 | 115,159 |
| Total liabilities | 239,908 | 277,919 |
| Commitments and contingencies | ||
| Noncontrolling interest and stockholders’ equity | ||
| Common stock, $0.01 par value: Authorized 200,000 sharesIssued and outstanding 71,872 and 70,256 shares at December 31, 2025 and 2024, respectively | 718 | 703 |
| Additional paid-in capital | 1,429,252 | 1,381,607 |
| Accumulated other comprehensive income (loss) | 1,576 | (663) |
| Accumulated deficit | (795,959) | (704,036) |
| Total stockholders’ equity attributable to Xencor, Inc. | 635,587 | 677,611 |
| Noncontrolling interest | — | (3,585) |
| Total noncontrolling interest and stockholders’ equity | 635,587 | 674,026 |
| Total liabilities and stockholders’ equity | $875,495 | $951,945 |
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