Financial Statements — XNCR
Balance Sheet
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 44.66 | 14.17 | 28.29 | 44.44 | 39.67 | 29.03 | 30.77 | 31.03 | 52.73 | 34.71 | 72.39 | 52.65 | 49.41 | 78.27 | 41.20 | 115.84 | 176.97 |
| Accounts Receivable | 42.23 | 12.00 | 21.81 | 47.55 | 37.78 | 25.87 | 35.92 | 22.18 | 55.00 | 20.02 | 19.86 | 44.88 | 54.28 | 88.20 | 20.55 | 14.83 | 12.53 |
| Total Current Assets | 523.21 | 482.86 | 518.44 | 513.15 | 521.27 | 589.60 | 568.92 | 574.85 | 571.18 | 593.56 | 629.98 | 668.00 | 585.94 | 505.97 | 329.63 | 480.97 | 591.17 |
| Property, Plant & Equipment | 50.01 | 51.49 | 54.59 | 56.79 | 58.81 | 62.40 | 63.87 | 63.54 | 68.04 | 68.00 | 66.69 | 51.04 | 38.85 | 28.41 | 24.18 | 23.13 | 22.30 |
| Intangible Assets | 3.47 | 3.74 | 4.50 | 4.55 | 5.44 | 17.92 | 18.78 | 18.85 | 18.74 | 18.71 | 18.24 | 18.09 | 17.94 | 16.71 | 16.68 | 16.38 | 15.55 |
| Total Non-current Assets* | 201.75 | 253.99 | 350.37 | 366.27 | 383.42 | 410.31 | 271.70 | 322.00 | 207.25 | 184.56 | 173.44 | 167.27 | 265.39 | 351.95 | 367.64 | 214.64 | 101.57 |
| Total Assets | 724.96 | 736.85 | 868.81 | 879.42 | 904.69 | 999.90 | 840.62 | 896.85 | 778.43 | 778.12 | 803.41 | 835.27 | 851.33 | 857.92 | 697.26 | 695.60 | 692.74 |
| Accounts Payable | 12.65 | 7.92 | 9.08 | 18.53 | 16.19 | 18.77 | 15.84 | 16.01 | 14.97 | 14.10 | 15.34 | 14.62 | 15.75 | 11.91 | 9.13 | 7.11 | 7.66 |
| Short-term Debt | 27.36 | 26.41 | 45.36 | 50.29 | 52.54 | 44.46 | 38.93 | 34.20 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Current Liabilities | 81.86 | 73.46 | 86.49 | 96.08 | 88.44 | 90.81 | 75.59 | 71.08 | 53.04 | 44.63 | 65.06 | 90.03 | 75.04 | 60.94 | 44.32 | 45.96 | 99.93 |
| Long-term Debt | 77.54 | 82.12 | 87.78 | 94.74 | 101.84 | 128.34 | 140.83 | 150.90 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Total Non-current Liabilities* | 139.87 | 147.76 | 157.01 | 162.99 | 176.38 | 203.17 | 216.32 | 226.04 | 56.38 | 54.62 | 54.77 | 22.54 | 33.94 | 33.96 | 34.09 | 2.70 | 9.19 |
| Total Liabilities | 221.73 | 221.21 | 243.50 | 259.07 | 264.82 | 293.98 | 291.90 | 297.12 | 109.42 | 99.25 | 119.83 | 112.57 | 108.98 | 94.90 | 78.40 | 48.66 | 109.13 |
| Retained Earnings | (946.60) | (924.87) | (789.31) | (783.28) | (752.45) | (658.48) | (612.20) | (544.86) | (445.27) | (421.00) | (399.05) | (326.24) | (293.48) | (259.51) | (356.16) | (315.97) | (368.22) |
| Total Stockholder Equity | 503.23 | 515.63 | 625.32 | 620.35 | 639.87 | 708.86 | 550.50 | 600.07 | 669.01 | 678.88 | 683.58 | 722.70 | 742.34 | 763.02 | 618.86 | 646.94 | 583.61 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Total Revenue | 51.22 | 4.52 | 28.24 | 21.00 | 43.61 | 32.73 | 52.79 | 17.80 | 23.91 | 16.00 | 50.97 | 59.16 | 45.52 | 18.96 | 21.61 | 27.30 | 30.18 | 85.50 | 154.02 | 19.68 |
| Research & Development | 71.91 | 64.67 | 64.82 | 54.37 | 61.67 | 58.58 | 51.06 | 58.23 | 61.53 | 56.87 | 64.22 | 64.94 | 60.06 | 64.38 | 51.45 | 53.27 | 47.08 | 47.76 | 50.99 | 50.61 |
| Selling, General & Admin | 16.38 | 17.71 | 17.04 | 14.15 | 15.12 | 17.34 | 14.92 | 14.77 | 17.75 | 13.79 | 15.48 | 12.49 | 11.46 | 13.95 | 12.75 | 12.37 | 11.09 | 11.27 | 11.38 | 10.37 |
| Total Operating Expenses | 88.29 | 82.38 | 81.86 | 68.52 | 76.78 | 75.92 | 65.97 | 72.99 | 79.28 | 70.66 | 79.70 | 77.43 | 71.52 | 78.33 | 64.20 | 65.65 | 58.18 | 59.03 | 62.36 | 60.98 |
| Operating Income | (37.07) | (77.86) | (53.63) | (47.52) | (33.17) | (43.18) | (13.18) | (55.20) | (55.37) | (54.66) | (28.73) | (18.27) | (26.00) | (59.36) | (42.59) | (38.35) | (28.00) | 26.47 | 91.65 | (41.30) |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | -- | 9.68 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Pretax Income | (21.92) | (128.64) | (4.27) | (6.03) | (31.07) | (48.26) | (44.58) | (47.44) | (68.78) | (74.12) | (12.65) | (24.27) | -- | -- | (12.46) | (31.67) | -- | -- | -- | -- |
| Tax Provision | (0.19) | 0.28 | 2.39 | 0.00 | (0.25) | 0.37 | 1.62 | 0.00 | 0.00 | 0.00 | 13.66 | 0.00 | 0.00 | 0.00 | (0.41) | 1.09 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | (21.73) | (128.92) | (6.65) | (6.03) | (30.82) | (48.42) | (45.55) | (46.29) | (67.34) | (73.44) | (26.15) | (24.27) | (21.95) | (60.76) | (12.04) | (32.76) | (33.97) | 23.59 | 73.06 | (40.19) |
| Basic EPS | (0.29) | (1.71) | (0.09) | (0.08) | (0.41) | (0.66) | (0.69) | (0.72) | (1.09) | (1.20) | (0.29) | (0.40) | (0.37) | (1.02) | (0.21) | (0.55) | (0.57) | 0.40 | 1.26 | (0.69) |
| Diluted EPS | (0.29) | (1.71) | (0.09) | (0.08) | (0.41) | (0.66) | (0.69) | (0.72) | (1.09) | (1.20) | (0.29) | (0.40) | (0.37) | (1.02) | (0.20) | (0.55) | (0.57) | 0.39 | 1.21 | (0.69) |
Cash Flow Statement
(in millions USD)| Metric | Q2
2026 | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 |
|---|
| Operating Cash Flow | (55.66) | (67.63) | (51.71) | (30.82) | (36.37) | (16.22) | (49.84) | (28.14) | (67.35) | (56.86) | 18.17 | (27.28) | (38.20) | (30.61) | (24.43) | (1.17) | 44.27 | 5.82 | 61.79 | (39.02) |
| Capital Expenditures | 0.54 | 0.61 | 1.14 | 0.18 | 0.38 | 1.44 | 1.66 | 1.27 | 3.03 | 0.13 | 0.98 | 2.83 | 3.85 | 10.78 | 9.97 | 14.09 | 12.35 | 2.09 | 6.32 | 2.75 |
| Free Cash Flow* | (56.20) | (68.24) | (52.85) | (31.00) | (36.75) | (17.66) | (51.50) | (29.42) | (70.38) | (56.99) | 17.19 | (30.11) | (42.05) | (41.40) | (34.40) | (15.25) | 31.92 | 3.73 | 55.47 | (41.77) |
| Investing Cash Flow | 85.12 | 26.68 | 71.17 | 14.67 | 40.48 | 13.67 | 57.25 | (163.46) | 66.02 | 32.32 | (203.13) | 45.33 | (1.40) | 48.14 | 24.55 | 3.13 | (75.64) | (71.76) | 7.86 | (38.85) |
| Financing Cash Flow | 1.03 | 0.95 | 6.32 | 0.00 | 0.66 | 1.25 | 4.43 | 189.86 | 1.07 | 1.79 | 186.02 | 0.36 | 1.92 | 0.92 | 1.17 | 1.29 | 2.51 | 0.73 | 32.63 | 3.23 |
* Derived from reported values
