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EXAGEN INC. XGN

Nasdaq · stock · Services-Medical Laboratories · website · IPO 2019-09-19

EXAGEN INC. statistics & valuation

Market cap$109.9M
P / S1.7×
P / B6.3×
Net margin-30.0%
Return on equity-114.3%
FCF margin-21.4%
Net cash$9.3M
Enterprise value USD$100.6M
Earnings yield EBIT/EV-14%
Return on capital-32.1%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-24.70% -29.80% -39.80% -55.60% -104.00% -45.10% -27.20% -30.00% 20182019202020212022202320242025
Gross margin (%)
56.10% 59.50% 58.30% 20182019202020212022202320242025
Operating margin (%)
-15.00% -23.00% -36.20% -49.80% -101.10% -43.50% -24.50% -21.10% 20182019202020212022202320242025
Return on equity (%)
-21.60% -39.90% -31.60% -111.60% -104.40% -158.40% -114.30% 20182019202020212022202320242025
Shares outstanding
63005 12.6M 12.7M 16.2M 17.1M 17.7M 18.2M 22.9M 20182019202020212022202320242025
Net debt ($)
$11.5M -$46.2M -$30.8M -$72.0M -$33.4M -$17.0M -$1.8M -$9.3M 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
-27.70% -13.60% -21.30% -21.80% -55.00% -41.60% -33.80% -34.40% 20182019202020212022202320242025
Free cash flow margin (%)
-29.30% -25.00% -34.60% -46.90% -80.00% -29.10% -24.80% -21.40% 20182019202020212022202320242025
Debt / equity (×)
0.46× 0.64× 0.32× 0.68× 0.86× 2.12× 1.31× 20182019202020212022202320242025
EPS ($)
-$1.32 -$1.68 -$2.77 -$1.34 -$0.83 -$0.93 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin58.3%59.5%56.1%—————
Operating margin-21.1%-24.5%-43.5%-101.1%-49.8%-36.2%-23.0%-15.0%
Net margin-30.0%-27.2%-45.1%-104.0%-55.6%-39.8%-29.8%-24.7%
FCF margin-21.4%-24.8%-29.1%-80.0%-46.9%-34.6%-25.0%-29.3%
Return on assets-34.4%-33.8%-41.6%-55.0%-21.8%-21.3%-13.6%-27.7%
Return on equity-114.3%-158.4%-104.4%-111.6%-31.6%-39.9%-21.6%7.2%
Debt / equity1.31×2.12×0.86×0.68×0.32×0.64×0.46×-0.22×
Current ratio3.452.704.027.5512.108.0413.782.38

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.