Xencor Q2 FY26 loss before income taxes narrows to $21.92 million; revenue rises 17.46% to $51.22 million - XNCR News | RalliesXencor Q2 FY26 loss before income taxes narrows to $21.92 million; revenue rises 17.46% to $51.22 million
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XNCR• Quarterly results
- Xencor posted a GAAP loss before income tax of USD 21.92 million for Q2, narrowing from USD 31.08 million a year earlier.
- Revenue rose 17.46% to USD 51.22 million, driven by royalties of USD 41.22 million; milestone revenue fell to USD 10 million.
- Operating loss widened 11.74% to USD 37.07 million as R&D expense increased 16.6% to USD 71.91 million.
Other income and liquidity
- Other income climbed to USD 15.15 million from USD 2.1 million, with results tied to unrealized moves in its Zenas investment.
- Cash, cash equivalents, and marketable debt securities totaled USD 486.4 million at June 30, down from USD 610.8 million at year-end.
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