10-Q quarterly report · filed Nov 5, 2025

Xencor Inc (XNCR) Q3 2025 10-Q Quarterly Report

Short answer

Xencor Inc (XNCR) filed its Q3 2025 10-Q quarterly report on Nov 5, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $21M (up 96.1% year over year) with net income of −$6M.

Q3 2025 key financials · XBRL

Revenue
$21M
+96.1% YoY · −51.8% QoQ
Net income
−$6M
+86.6% YoY · +80.4% QoQ
Operating margin
-226.3%
EPS (diluted)
−$0.08
+88.4% YoY · +80.5% QoQ

Source: XBRL data from the Xencor Inc (XNCR) Q3 2025 10-Q on SEC EDGAR. USD.

Xencor Inc Q3 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Risk Factors

  • New risk due to ongoing U.S. government shutdown since October 1, 2025, causing FDA and SEC furloughs, delaying regulatory reviews and capital access
  • Material update on regulatory risk: IRA drug price negotiations now effective, with 10 drugs priced from January 1, 2026, and 15 more selected for 2025 negotiations
  • Regulatory risk intensified from legislative and legal challenges to Medicare Drug Price Negotiation Program with ongoing federal appeals
  • Operational risk from supply chain disruptions and payment delays tied to global economic volatility and geopolitical trade uncertainties including tariffs involving China
  • Financial risk from potential capital raising difficulties amid prolonged economic downturn and government shutdown impacting market access and FDA application timing

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

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