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Exagen Inc (XGN)
NASDAQ:XGN
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Exagen (XGN) Price & Analysis

231 Followers

XGN Stock Chart & Stats

$7.60
-$0.28(-5.98%)
At close: 4:00 PM EDT
$7.60
-$0.28(-5.98%)

Bulls Say, Bears Say

Bulls Say
Strong Revenue And Test-volume GrowthGrowing test volume, clinician adoption and revenue indicate increasing penetration of Exagen’s autoimmune diagnostics. This supports a durable base for expansion, particularly because the company estimates it has only about 3% of a large autoimmune testing market.
Improving Pricing, Margins And Operating LeverageThirteen consecutive quarters of ASP growth and stable-to-improving gross margins show stronger reimbursement and product economics. Holding operating expense growth below revenue growth also demonstrates operating leverage that could support eventual profitability as scale increases.
Meaningful Debt Reduction Lowers Financial RiskThe sharp reduction in debt decreases interest and refinancing pressure, giving Exagen more flexibility while it scales. A positive equity base and lower leverage improve resilience, although the company still needs stronger earnings and cash generation to build capital internally.
Bears Say
Persistent Losses And Negative Cash FlowThe company has not yet established sustainable profitability or cash generation. Continued operating and free-cash-flow deficits may require external funding or balance-sheet resources, limiting strategic flexibility until revenue growth produces consistent positive earnings.
Material Reimbursement UncertaintyExagen’s laboratory revenue depends heavily on payer coverage, reimbursement rates and successful appeals. An unfavorable or delayed Medicare determination could constrain ASP expansion, reduce test economics and make the company’s path to break-even less predictable.
Break-even Depends On Further Scale And ExecutionNear-breakeven quarterly EBITDA has not translated into sustained profitability, and the expected threshold remains above current guidance. Reaching it depends on continued volume, pricing and collections gains while managing sales, pipeline and commercialization costs.

Exagen News

XGN FAQ

What was Exagen Inc’s price range in the past 12 months?
Exagen Inc lowest stock price was $2.59 and its highest was $12.23 in the past 12 months.
    What is Exagen Inc’s market cap?
    Exagen Inc’s market cap is $183.63M.
      When is Exagen Inc’s upcoming earnings report date?
      Exagen Inc’s upcoming earnings report date is Nov 16, 2026 which is in 71 days.
        How were Exagen Inc’s earnings last quarter?
        Exagen Inc released its earnings results on Aug 04, 2026. The company reported -$0.13 earnings per share for the quarter, beating the consensus estimate of -$0.191 by $0.061.
          Is Exagen Inc overvalued?
          According to Wall Street analysts Exagen Inc’s price is currently Undervalued. Get more investment ideas with TipRanks Premium
            Does Exagen Inc pay dividends?
            Exagen Inc does not currently pay dividends.
            What is Exagen Inc’s EPS estimate?
            Exagen Inc’s EPS estimate is -0.18.
              How many shares outstanding does Exagen Inc have?
              Exagen Inc has 24,225,340 shares outstanding.
                What happened to Exagen Inc’s price movement after its last earnings report?
                Exagen Inc reported an EPS of -$0.13 in its last earnings report, beating expectations of -$0.191. Following the earnings report the stock price went up 37.821%.
                  Which hedge fund is a major shareholder of Exagen Inc?
                  Currently, no hedge funds are holding shares in XGN
                  What is the TipRanks Smart Score and how is it calculated?
                  Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

                    Company Description

                    Exagen Inc

                    Exagen Inc. develops and commercializes diagnostic testing solutions, leveraging its proprietary cell-bound complement activation products (CB-CAPs) technology under the AVISE brand throughout the United States. The company's mission is to equip rheumatologists with advanced tools for the precise diagnosis, prognosis, and ongoing management of autoimmune and related diseases, including systemic lupus erythematosus (SLE) and rheumatoid arthritis (RA). Its flagship product, AVISE CTD, aids in distinguishing between various connective tissue diseases (CTDs) and other conditions with overlapping symptoms in symptomatic patients. The company's product portfolio includes AVISE Lupus, which assesses complement system activation by measuring B-cell C4d and erythrocyte-bound C4d in blood. AVISE APS offers a comprehensive panel of autoantibody tests for the diagnosis and management of Antiphospholipid Syndrome (APS). For SLE patients, AVISE SLE Prognostic provides an autoantibody panel to evaluate the potential for kidney, brain, and cardiovascular complications. Additionally, AVISE Vasculitis AAV utilizes a testing panel of individual analytes to assist physicians in the assessment and monitoring of anti-neutrophil cytoplasmic antibody (ANCA) associated vasculitis, while AVISE Anti-CarP helps identify RA patients prone to severe disease, and AVISE PC4d measures platelet-bound C4d. Further offerings include AVISE SLE Monitor, a biomarker blood test; AVISE MTX, a patented and validated blood test; and AVISE HCQ, designed to monitor hydroxychloroquine levels. Exagen also holds a research collaboration and license agreement with Allegheny Health Network (AHN) Research Institute to advance the development of novel patented biomarkers. Incorporated in 2002, the company was formerly known as Exagen Diagnostics, Inc. before rebranding to Exagen Inc. in January 2019. Its headquarters are located in Vista, California.

                    Exagen (XGN) Earnings & Revenues

                    XGN Company Deck

                    XGN Earnings Call

                    Q2 2026
                    0:00 / 0:00
                    Earnings Call Sentiment|Positive
                    The call conveyed strong operational and financial momentum: record revenue, record AVISE test volume, consecutive ASP growth (13 quarters), significant pharma services expansion, meaningful improvements in cash collections and near-breakeven adjusted EBITDA. Management raised full-year guidance and reiterated pipeline progress (myositis launch early 2027) and long-term ASP targets. Key risks include reimbursement uncertainty (pending MolDX LCD), seasonality and variability in collections and revenue recognition, and the remaining runway to achieve sustained adjusted EBITDA positivity around an $80M revenue run rate. Overall, positives — including multiple record metrics, improved margins and clear execution on RCM and commercial initiatives — materially outweigh the remaining operational and reimbursement headwinds.View all XGN earnings summaries

                    XGN Stock 12 Month Forecast

                    Average Price Target

                    $9.80
                    ▲(28.95% Upside)
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