v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 44,663 $ 54,073
Marketable debt securities 333,152 381,158
Marketable equity securities 78,637 112,502
Accounts receivable 42,234 29,299
Prepaid expenses and other current assets 24,527 22,789
Total current assets 523,213 599,821
Restricted cash 191 289
Marketable debt securities - long term 108,535 175,602
Property and equipment, net 50,013 53,308
Right-of-use assets 35,986 37,592
Patents, licenses, and other intangible assets, net 6,524 8,385
Other assets 498 498
Total assets 724,960 875,495
Current liabilities:    
Accounts payable 12,648 10,828
Accrued expenses 36,446 34,960
Income tax payable 1,496 3,589
Lease liabilities 3,917 3,263
Liabilities related to the sales of future royalties 27,358 43,267
Total current liabilities 81,865 95,907
Long-term tax liabilities 883 2,784
Lease liabilities, net of current portion 61,295 64,735
Liabilities related to the sales of future royalties, net of current portion 77,537 76,482
Other liabilities 152 0
Total liabilities 221,732 239,908
Commitments and contingencies
Noncontrolling interest and stockholders’ equity    
Common stock, $0.01 par value: Authorized 200,000 shares Issued and outstanding 74,329 and 71,872 shares at June 30, 2026 and December 31, 2025, respectively. 744 718
Additional paid-in capital 1,449,960 1,429,252
Accumulated other comprehensive (loss) income (872) 1,576
Accumulated deficit (946,604) (795,959)
Total stockholders’ equity attributable to Xencor, Inc. 503,228 635,587
Noncontrolling interest 0 0
Total noncontrolling interest and stockholders’ equity 503,228 635,587
Total liabilities and stockholders’ equity $ 724,960 $ 875,495