Xencor Inc
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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, 2026 · Filed Nov 4, 2026
XNCR$39.39+2.1%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
Consolidated Statements of Cash Flows
(in thousands)
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities | ||
| Net loss | $(111,209) | $(85,484) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 7,245 | 7,935 |
| Accretion of discount on marketable debt securities, net | (88) | (3,141) |
| Stock-based compensation | 28,186 | 33,042 |
| Loss (gain) on sale of marketable securities, net | 9,326 | (4,973) |
| Change in fair value of marketable equity securities | 9,340 | (45,136) |
| Asset impairment charges | 797 | 8,288 |
| Non-cash royalty revenue related to the sale of future royalties | (23,366) | (57,828) |
| Non-cash interest expense on liabilities related to the sale of future royalties, net | 13,719 | 24,569 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (49,745) | 34,532 |
| Prepaid expenses and other assets | (2,824) | 8,761 |
| Accounts payable | (4,409) | (5,644) |
| Accrued expenses | 6,051 | 6,854 |
| Operating lease, net | (978) | 890 |
| Other assets and liabilities, net | (2,689) | (6,071) |
| Net cash used in operating activities | (120,644) | (83,406) |
| Cash flows from investing activities | ||
| Purchase of marketable debt securities | (217,415) | (261,045) |
| Purchase of property and equipment | (2,952) | (2,010) |
| Proceeds from sales of marketable equity securities | 66,868 | 13,778 |
| Proceeds from sales of marketable debt securities | 30,658 | — |
| Proceeds from maturities of marketable debt securities | 241,966 | 318,089 |
| Net cash provided by investing activities | 119,125 | 68,812 |
| Cash flows from financing activities | ||
| Proceeds from the exercises of stock options | 10,976 | 2,974 |
| Proceeds from issuance of common stock under the Employee Stock Purchase Plan | 996 | 662 |
| Cash paid to acquire noncontrolling interest | — | (1,725) |
| Net cash provided by financing activities | 11,972 | 1,911 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | 10,453 | (12,683) |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period | 54,362 | 41,262 |
| Cash, cash equivalents, and restricted cash and cash equivalents, end of period | $64,815 | $28,579 |
| Supplemental disclosure of cash flow information | ||
| Interest paid | $1 | $4 |
| Income taxes (refunded) paid: | ||
| Federal | $(2,139) | $7,359 |
| State | 4,249 | — |
| Foreign | 180 | — |
| Total | $2,290 | $7,359 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.