10-Q quarterly report · filed Nov 3, 2025

Xenon Pharmaceuticals Inc. (XENE) Q3 2025 10-Q Quarterly Report

Short answer

Xenon Pharmaceuticals Inc. (XENE) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $0 with net income of −$91M.

Q3 2025 key financials · XBRL

Revenue
$0
Net income
−$91M
−44.8% YoY · −7.3% QoQ
EPS (diluted)
−$1.15
−42.0% YoY · −7.5% QoQ

Source: XBRL data from the Xenon Pharmaceuticals Inc. (XENE) Q3 2025 10-Q on SEC EDGAR. USD.

Xenon Pharmaceuticals Inc. Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • No newly added risk factors disclosed; risks consistent with prior 10-K
  • Most materially updated: net losses increased to $240.6M for nine months ended Sept 30, 2025, from $168.6M in same period 2024, driven by expanded R&D and G&A expenses
  • Legal/compliance risk: potential liability from employee or partner misconduct, including FDA/EMA violations, data privacy breaches, healthcare fraud, could lead to fines, reputational harm, or exclusion from federal programs
  • Operational/market risk: intense competition from larger pharmaceutical firms with greater resources, risking market share loss for future epilepsy, MDD, and bipolar disorder products
  • Financial risk: ongoing need to raise capital amid significant losses and uncertainty around timing and costs of FDA approvals; cash runway sufficient for 12 months but future funding not assured

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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