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Xencor Q1 net loss widens to $128.9 million; revenue drops to $4.5 million

PUBT·05/06/2026 20:04:54
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Xencor Q1 net loss widens to $128.9 million; revenue drops to $4.5 million
  • Xencor posted a net loss attributable to shareholders of USD 128.9 million, or USD 1.71 per share, for first-quarter 2026, widening from a loss of USD 48.4 million, or USD 0.66 per share, a year earlier.
  • Revenue fell 86.2% to USD 4.5 million, including a one-time USD 6.6 million reduction tied to royalties on disputed U.S. sales due from Alexion.
  • R&D expenses rose 10.4% to USD 64.7 million, while other expense widened to USD 50.8 million on unrealized losses on an equity security.
  • Pipeline updates included plans to present XmAb819 ccRCC expansion cohort data in 2H26 to support a pivotal study planned for 2027, while XmAb412 first-in-human study remains on track to start in 3Q26.
  • Xencor forecast ending 2026 with USD 380 million to USD 400 million in cash, cash equivalents and marketable debt securities, with cash resources expected to fund operations into mid-2028.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xencor Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605061601BIZWIRE_USPR_____20260506_BW934755) on May 06, 2026, and is solely responsible for the information contained therein.