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NASDAQ:XGN

Exagen Inc.

Exagen Inc.'s revenue grew 19.7% in fiscal 2025 to $66.6M while operating margin rose to −21.1%. Free cash flow was −$14.3M, −21.4% of revenue, and the diluted share count rose 18.4%.Summary generated from Exagen Inc.'s SEC filings. Latest annual report filed Mar 10, 2026.

Revenue (FY25)$66.6M
Revenue growth+19.7%
Revenue, 5-yr CAGR+9.7%
Gross margin58.3%
Operating margin−21.1%
Net margin−30.0%
ROIC−139.9%
Return on equity−147.8%
Debt / equity1.31
Free cash flow−$14.3M
FCF margin−21.4%
Share count change+18.4%

Financials

Fiscal years, $M
Item20212022202320242025
Revenue4846535667
Operating income−24−46−23−14−14
Net income−27−47−24−15−20
Free cash flow−23−36−15−14−14

Recent filings

From SEC EDGAR

Peers

Services: medical laboratories