Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $109M | $46.1M | $40.6M | $157M | $123M | $275M | $165M | $175M | $110M | $126M |
| Revenue growth | — | -57.7% | -12.0% | 285.9% | -21.7% | 124.2% | -40.2% | 6.1% | -36.7% | 13.7% |
| Operating income | $44.0M | -$43.1M | -$79.4M | $13.8M | -$76.8M | $43.8M | -$82.5M | -$132M | -$178M | -$178M |
| Operating margin | 40.4% | -93.4% | -195.5% | 8.8% | -62.6% | 15.9% | -50.1% | -75.8% | -161.5% | -141.4% |
| Net income | $45.1M | -$38.5M | -$70.4M | $26.9M | -$69.3M | $82.6M | -$55.2M | -$133M | -$233M | -$91.9M |
| Net margin | 41.4% | -83.4% | -173.4% | 17.2% | -56.5% | 30.0% | -33.5% | -76.2% | -210.5% | -73.2% |
| EPS (diluted) | $1.07 | -$0.82 | -$1.31 | $0.46 | -$1.21 | $1.37 | -$0.93 | -$2.20 | -$3.58 | -$1.24 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $95.2M | -$33.6M | -$79.8M | $64.4M | -$5.00M | -$16.9M | $24.5M | -$77.9M | -$202M | -$135M |
| Capital expenditures | $1.51M | $5.31M | $7.21M | $7.35M | $10.5M | $13.3M | $38.5M | $18.4M | $6.10M | $3.15M |
| Free cash flow | $93.7M | -$38.9M | -$87.0M | $57.0M | -$15.5M | -$30.2M | -$14.0M | -$96.4M | -$208M | -$138M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $14.5M | $16.5M | $26.2M | $50.3M | $164M | $143M | $53.9M | $53.8M | $40.9M | $54.1M |
| Total assets | $429M | $390M | $577M | $670M | $703M | $838M | $846M | $965M | $952M | $875M |
| Total liabilities | $115M | $73.7M | $55.1M | $77.0M | $131M | $105M | $119M | $303M | $278M | $240M |
| Long-term debt | — | — | — | — | — | — | $0.00 | $162M | $115M | $76.5M |
| Shareholders' equity | $338M | $316M | $522M | $593M | $572M | $734M | $727M | $662M | $678M | $636M |
| Retained earnings | -$238M | -$253M | -$323M | -$296M | -$366M | -$283M | -$338M | -$471M | -$704M | -$796M |
| Shares (wtd avg diluted) | 42.4M | 46.8M | 53.9M | 58.5M | 57.2M | 60.5M | 59.7M | 60.5M | 65.0M | 74.2M |
Every figure is extracted from Xencor Inc’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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