Services-Medical Laboratories · SIC 8071

EXAGEN INC.

XGN

Watch

Latest revenue

$17.3M

as of 2026-03-31

Latest net income

$-3.9M

as of 2026-03-31

Net margin

-22.7%

as of 2026-03-31

Price · 5Y

-21.5% / yr 35.3 pts / yr vs S&P 500 70.1% total
Compare:

Live market

delayed ≤15 min
$4.26
0.23%
Market cap
$102.9M
Enterprise value
$102.9M
P/E (trailing)
Forward P/E
P/B
Dividend yield
0.0%
52-wk high
$12.23
52-wk low
$2.59
Beta
Shares out
24.2M

5-year trend

What this company does

AI

Item 1. Business. Overview We are a medical technology company primarily focused on the design, development and commercialization of a next-generation portfolio of innovative testing products under our AVISE® brand, which allow for the differential diagnosis, prognosis and monitoring of complex rheumatic, autoimmune and autoimmune-related disease including, among others, systemic lupus erythematosus (SLE) and rheumatoid arthritis (RA). We believe our strong focus and extensive background in the field of rheumatology, combined with our commitment to exceptional customer service and support, position us well to respond to the needs of rheumatologists, primary care physicians, other…

AI summary unavailable — showing raw filing excerpt

Generated from XGN's filing dated 2026-03-10

Key risks

AI

Item 1A. Risk Factors. Investing in our common stock involves a high degree of risk. You should consider carefully the risks and uncertainties described below, together with all of the other information included in this Annual Report, including our financial statements and related notes and "Management’s Discussion and Analysis of Financial Condition and Results of Operations," before making an investment decision to purchase or sell shares of our common stock. If 30 any of the following risks are realized, our business, financial condition, results of operations and prospects could be materially and adversely affected. In that event, the trading price of our common stock could decline, and…

AI summary unavailable — showing raw filing excerpt

Generated from XGN's filing dated 2026-03-10

Profitability

Gross margin

58.3%

2.1%

Operating margin

-21.1%

13.8%

Net margin

-30.0%

10.3%

Return on equity

-114.3%

27.8%

Return on assets

-34.4%

1.7%

Leverage

Debt / equity

2.33×

36.9%

Long-term debt / equity

1.28×

38.6%

Debt / assets

69.9%

11.1%

Earnings tracker

QuarterRevenueYoYNet incomeYoYNet margin

Q1 2026

2026-03-31

$17.3M+11.7%$-3.9M-4.8%-22.7%

Q4 2025

2025-12-31

$16.6M+21.8%$-4.7M-25.3%-28.3%

Q3 2025

2025-09-30

$17.2M+37.9%$-7.1M-40.9%-41.1%

Q2 2025

2025-06-30

$17.2M+14.2%$-4.4M-48.4%-25.6%

Q1 2025

2025-03-31

$15.5M+7.5%$-3.8M-11.7%-24.2%

Q4 2024

2024-12-31

$13.7M$-3.8M-27.5%

Q3 2024

2024-09-30

$12.5M-6.8%$-5.0M+7.1%-40.2%

Q2 2024

2024-06-30

$15.1M+6.6%$-3.0M+40.8%-19.7%

Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.

Industry trend

Services-Medical Laboratories · SIC 8071

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Insider activity

Insider buying

$0

Insider selling

$679.8K

Net activity

−$679.8K

Distinct insiders

2

Open-market trades over the last 365 days.

Recent transactions

DateInsiderTypeSharesPriceValue
2026-03-03

John Aballi

President and CEO

Sale15,698$3.62$56.8K
2026-02-24

John Aballi

President and CEO

Sale11,430$3.61$41.3K
2026-02-24

Jeffrey G. Black

Chief Financial Officer

Sale1,584$3.61$5.7K
2025-10-16

John Aballi

President and CEO

Sale31,787$11.82$375.6K
2025-09-02

Jeffrey G. Black

Chief Financial Officer

Sale20,466$9.79$200.4K

Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.

Who owns XGN

Institutional value

$8.3M

Total shares held

3.7M

Distinct holders

25

-55 vs prior

As of

2026-03-31

Prior: 2025-12-31

Filers with $100M+ AUM disclose holdings 45 days after quarter end.

Top institutional holders

#ManagerSharesValueQoQ changeAction
1VANGUARD CAPITAL MANAGEMENT LLC678.7K$2.0MNew
2KENNEDY CAPITAL MANAGEMENT LLC493.7K$1.5M+13.6K (+2.8%)Added
3Mink Brook Asset Management LLC369.0K$1.1M+15.3K (+4.3%)Added
4SEI INVESTMENTS CO244.2K$732.7K+126.2K (+107.0%)Added
5JANE STREET GROUP, LLC236.7K$710.2K+42.7K (+22.0%)Added
6BlackRock, Inc.125.9K$377.7K-3.7K (-2.9%)Trimmed
7First Eagle Investment Management, LLC125.2K$375.7KNew
8VANGUARD FIDUCIARY TRUST CO97.3K$291.9KNew
9T3 Companies, LLC72.0K$216.0K+15.0K (+26.3%)Added
10PERKINS CAPITAL MANAGEMENT INC71.8K$215.4K+53.2K (+286.5%)Added
11DIMENSIONAL FUND ADVISORS LP62.6K$187.6K+36.2K (+137.4%)Added
12AXQ CAPITAL, LP34.6K$103.8KNew
13UBS Group AG27.9K$83.7K-85.1K (-75.3%)Trimmed
14R Squared Ltd27.1K$81.3K+8.9K (+49.0%)Added
15Bank of New York Mellon Corp20.9K$62.8K-14.4K (-40.8%)Trimmed
16SRS Capital Advisors, Inc.20.9K$62.8KNew
17BNP PARIBAS FINANCIAL MARKETS19.8K$59.5K-113.4K (-85.1%)Trimmed
18Penbrook Management LLC13.3K$40.0K-100 (-0.7%)Trimmed
19Truvestments Capital LLC6.2K$18.5K+0 (+0.0%)No change
20Vanguard Global Advisers, LLC4.1K$12.4KNew

Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.

Top questions investors are asking

Coming once XGN's latest filing finishes processing.