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EXAGEN INC (XGN) Stock Fundamental Analysis

USA - NASDAQ:XGN - US30068X1037 - Common Stock

10.98 USD
-0.01 (-0.09%)
Last: 10/1/2025, 9:41:14 PM
Fundamental Rating

2

Taking everything into account, XGN scores 2 out of 10 in our fundamental rating. XGN was compared to 536 industry peers in the Biotechnology industry. Both the profitability and financial health of XGN have multiple concerns. XGN is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year XGN has reported negative net income.
In the past year XGN has reported a negative cash flow from operations.
XGN had negative earnings in each of the past 5 years.
XGN had a negative operating cash flow in each of the past 5 years.
XGN Yearly Net Income VS EBIT VS OCF VS FCFXGN Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 -10M -20M -30M -40M

1.2 Ratios

XGN has a better Return On Assets (-28.90%) than 67.72% of its industry peers.
The Return On Equity of XGN (-80.73%) is comparable to the rest of the industry.
Industry RankSector Rank
ROA -28.9%
ROE -80.73%
ROIC N/A
ROA(3y)-43.47%
ROA(5y)-34.69%
ROE(3y)-124.78%
ROE(5y)-89.18%
ROIC(3y)N/A
ROIC(5y)N/A
XGN Yearly ROA, ROE, ROICXGN Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 0 200 400 600

1.3 Margins

With a decent Gross Margin value of 59.42%, XGN is doing good in the industry, outperforming 78.17% of the companies in the same industry.
In the last couple of years the Gross Margin of XGN has grown nicely.
XGN does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 59.42%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.23%
GM growth 5Y2.18%
XGN Yearly Profit, Operating, Gross MarginsXGN Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 -100

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3

2. Health

2.1 Basic Checks

XGN does not have a ROIC to compare to the WACC, probably because it is not profitable.
XGN has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, XGN has more shares outstanding
The debt/assets ratio for XGN is higher compared to a year ago.
XGN Yearly Shares OutstandingXGN Yearly Shares OutstandingYearly Shares Outstanding 2017 2018 2019 2020 2021 2022 2023 2024 5M 10M 15M
XGN Yearly Total Debt VS Total AssetsXGN Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

2.2 Solvency

XGN has an Altman-Z score of -2.32. This is a bad value and indicates that XGN is not financially healthy and even has some risk of bankruptcy.
XGN's Altman-Z score of -2.32 is in line compared to the rest of the industry. XGN outperforms 48.88% of its industry peers.
A Debt/Equity ratio of 1.06 is on the high side and indicates that XGN has dependencies on debt financing.
With a Debt to Equity ratio value of 1.06, XGN is not doing good in the industry: 76.87% of the companies in the same industry are doing better.
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF N/A
Altman-Z -2.32
ROIC/WACCN/A
WACC10.13%
XGN Yearly LT Debt VS Equity VS FCFXGN Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 0 20M -20M 40M 60M 80M

2.3 Liquidity

XGN has a Current Ratio of 4.95. This indicates that XGN is financially healthy and has no problem in meeting its short term obligations.
XGN has a Current ratio of 4.95. This is comparable to the rest of the industry: XGN outperforms 53.73% of its industry peers.
XGN has a Quick Ratio of 4.95. This indicates that XGN is financially healthy and has no problem in meeting its short term obligations.
XGN's Quick ratio of 4.95 is in line compared to the rest of the industry. XGN outperforms 55.41% of its industry peers.
Industry RankSector Rank
Current Ratio 4.95
Quick Ratio 4.95
XGN Yearly Current Assets VS Current LiabilitesXGN Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M 100M

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3. Growth

3.1 Past

The Earnings Per Share has grown by an nice 11.75% over the past year.
XGN shows a small growth in Revenue. In the last year, the Revenue has grown by 3.89%.
XGN shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.62% yearly.
EPS 1Y (TTM)11.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-10%
Revenue 1Y (TTM)3.89%
Revenue growth 3Y4.83%
Revenue growth 5Y6.62%
Sales Q2Q%14.19%

3.2 Future

Based on estimates for the next years, XGN will show a quite strong growth in Earnings Per Share. The EPS will grow by 16.76% on average per year.
XGN is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 13.18% yearly.
EPS Next Y18.32%
EPS Next 2Y25.83%
EPS Next 3Y20.38%
EPS Next 5Y16.76%
Revenue Next Year20.86%
Revenue Next 2Y17.4%
Revenue Next 3Y15.39%
Revenue Next 5Y13.18%

3.3 Evolution

The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
XGN Yearly Revenue VS EstimatesXGN Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 20M 40M 60M 80M 100M
XGN Yearly EPS VS EstimatesXGN Yearly EPS VS EstimatesYearly EPS VS Estimates 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -1 -2 -3 -4 -5

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1

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for XGN. In the last year negative earnings were reported.
Also next year XGN is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
XGN Price Earnings VS Forward Price EarningsXGN Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
XGN Per share dataXGN EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2

4.3 Compensation for Growth

A more expensive valuation may be justified as XGN's earnings are expected to grow with 20.38% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y25.83%
EPS Next 3Y20.38%

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0

5. Dividend

5.1 Amount

XGN does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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EXAGEN INC

NASDAQ:XGN (10/1/2025, 9:41:14 PM)

10.98

-0.01 (-0.09%)

Chartmill FA Rating
GICS SectorHealth Care
GICS IndustryGroupPharmaceuticals, Biotechnology & Life Sciences
GICS IndustryBiotechnology
Earnings (Last)07-29 2025-07-29/bmo
Earnings (Next)11-10 2025-11-10/bmo
Inst Owners50.11%
Inst Owner Change41.04%
Ins Owners3.39%
Ins Owner Change-1.22%
Market Cap241.56M
Analysts83.64
Price Target11.95 (8.83%)
Short Float %4.35%
Short Ratio2.27
Dividend
Industry RankSector Rank
Dividend Yield N/A
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-12.08%
Min EPS beat(2)-25.97%
Max EPS beat(2)1.81%
EPS beat(4)3
Avg EPS beat(4)1.02%
Min EPS beat(4)-25.97%
Max EPS beat(4)23.84%
EPS beat(8)7
Avg EPS beat(8)21.25%
EPS beat(12)10
Avg EPS beat(12)22.28%
EPS beat(16)13
Avg EPS beat(16)16.25%
Revenue beat(2)2
Avg Revenue beat(2)5%
Min Revenue beat(2)4.49%
Max Revenue beat(2)5.51%
Revenue beat(4)2
Avg Revenue beat(4)-0.27%
Min Revenue beat(4)-8.71%
Max Revenue beat(4)5.51%
Revenue beat(8)6
Avg Revenue beat(8)8.49%
Revenue beat(12)10
Avg Revenue beat(12)18.39%
Revenue beat(16)12
Avg Revenue beat(16)12.03%
PT rev (1m)4.9%
PT rev (3m)51.15%
EPS NQ rev (1m)3.29%
EPS NQ rev (3m)-14.55%
EPS NY rev (1m)2.72%
EPS NY rev (3m)-18.81%
Revenue NQ rev (1m)0.08%
Revenue NQ rev (3m)2.73%
Revenue NY rev (1m)0.16%
Revenue NY rev (3m)2.42%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 4.1
P/FCF N/A
P/OCF N/A
P/B 11.48
P/tB 11.48
EV/EBITDA N/A
EPS(TTM)-0.86
EYN/A
EPS(NY)-0.35
Fwd EYN/A
FCF(TTM)-0.73
FCFYN/A
OCF(TTM)-0.7
OCFYN/A
SpS2.68
BVpS0.96
TBVpS0.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -28.9%
ROE -80.73%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 59.42%
FCFM N/A
ROA(3y)-43.47%
ROA(5y)-34.69%
ROE(3y)-124.78%
ROE(5y)-89.18%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexcg growth 3YN/A
ROICexcg growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.23%
GM growth 5Y2.18%
F-Score5
Asset Turnover1
Health
Industry RankSector Rank
Debt/Equity 1.06
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 35.28%
Cap/Sales 1.04%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 4.95
Quick Ratio 4.95
Altman-Z -2.32
F-Score5
WACC10.13%
ROIC/WACCN/A
Cap/Depr(3y)115%
Cap/Depr(5y)136.67%
Cap/Sales(3y)3.99%
Cap/Sales(5y)3.62%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)11.75%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-10%
EPS Next Y18.32%
EPS Next 2Y25.83%
EPS Next 3Y20.38%
EPS Next 5Y16.76%
Revenue 1Y (TTM)3.89%
Revenue growth 3Y4.83%
Revenue growth 5Y6.62%
Sales Q2Q%14.19%
Revenue Next Year20.86%
Revenue Next 2Y17.4%
Revenue Next 3Y15.39%
Revenue Next 5Y13.18%
EBIT growth 1Y11.17%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year59.05%
EBIT Next 3Y30.45%
EBIT Next 5Y23.56%
FCF growth 1Y53.43%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y52.43%
OCF growth 3YN/A
OCF growth 5YN/A