Xenon Pharmaceuticals Inc. (XENE) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Health Care
Pharmaceutical PreparationsSEC EDGAR

Xenon Pharmaceuticals Inc. (XENE) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

Xenon Pharmaceuticals Inc. FY2025 10-K Analysis

Business Overview

  • Core business model: neuroscience-focused biopharma discovering and commercializing novel ion channel modulators for neurological and psychiatric disorders
  • New emphasis on azetukalner in Phase 3 for epilepsy (FOS and PGTCS) and depression (MDD and BPD), with multiple late-stage studies ongoing
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Management Discussion & Analysis

  • Revenue and profitability details not disclosed in provided section
  • No segment performance data available
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Risk Factors

  • Regulatory risk: alignment with Japan’s PMDA to enroll ~60 of 360 X-TOLE3 participants in Japan, affecting regulatory submission timing
  • Macroeconomic risk: foreign exchange exposure to Canadian dollar fluctuations impacting monetary assets and liabilities
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Xenon Pharmaceuticals Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$8M

Net Income

-$346M

-47.6% YoY

Operating Margin

-4974.3%

Net Margin

-4612.1%

ROE

-59.5%

-2842bp YoY

Total Assets

$633M

-20.7% YoY

EPS (Diluted)

$-4.36

-44.9% YoY

Operating Cash Flow

-$279M

-53.9% YoY

Source: XBRL data from Xenon Pharmaceuticals Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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