XNCR (XNCR)

$24.63 +0.53% on the day Market cap $1.8B 52-week range $10.38 to $30.61 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

XNCR's free cash flow was negative in fiscal 2025, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from XNCR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation1
Profitability0
Growth7
Financial health8
Cash efficiency0

Results from SEC filings

Fiscal years, from XNCR's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$275M$165M$175M$110M$126M
Net income$83M-$55M-$133M-$233M-$92M
Free cash flow-$30M-$14M-$96M-$208M-$138M
EPS (diluted)$1.37-$0.93-$2.20-$3.58-$1.24
Operating margin15.9%-50.1%-75.8%-161.5%-141.4%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Royalties$80M64%
Milestone$45M36%

Superinvestors who own XNCR

From each investor's latest 13F filing (what a 13F shows). 2 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
PRIMECAP Management
PRIMECAP Management Co
Trimmed $164M0.10%Q2 2026
Cliff Asness
AQR Capital Management
Added $8M0.00%Q2 2026

Insider buying

Open-market purchases by XNCR's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of XNCR in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are XNCR insiders buying the stock?

No open-market insider purchases of XNCR in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own XNCR?

2 of the superinvestors Investingly tracks hold XNCR in their latest 13F, including PRIMECAP Management, Cliff Asness.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.